Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify
(Reuters) – Covestro, the German chemicals maker in talks to be acquired by ADNOC, on Tuesday launched an efficiency programme ..
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Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
TOKYO (Reuters) – Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japan..
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Oil prices steady as inflation worries limit summer demand optimism
By Emily Chow SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors..
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Asian shares subdued, yen hits record low versus euro
By Stella Qiu SYDNEY (Reuters) – Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, ..
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China’s BYD launches third EV model in Japan
TOKYO (Reuters) -China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most ex..
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London’s FTSE 100 flat; energy, miners lead decline
(Reuters) – London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United S..
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Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
(Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group..
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Prosus full-year core headline earnings jump 84%
(Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong perf..
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Oil eases as strong dollar weighs on commodities markets
By Florence Tan SINGAPORE (Reuters) -Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and ..
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German residential property prices keep falling in Q1
(Adds missing economist name in paragraph 6) BERLIN (Reuters) -German residential property prices continued to fall in the first quar..
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UK’s Britvic rejects revised takeover proposal from Carlsberg
(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the ..
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Analysis-Consumer-focused lending under Labour could dent UK bank profits
By Sinead Cruise and Lawrence White LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lender..
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Asian shares end the week with a whimper, yen back to intervention watch
By Stella Qiu SYDNEY (Reuters) -Asian shares are ending the week with a whimper after a recent rally to 26-month highs drew profit-ta..
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Swiss National Bank presses ahead as rate cutting front-runner
By John Revill ZURICH(Reuters) -The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easin..
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Analysis-UK markets jolted back to life by rate cut hopes, election buzz
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Traders upped bets for a Bank of England rate cut in August, helping to u..
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Accenture forecasts 2024 revenue growth above estimates on AI demand
Accenture forecasts 2024 revenue growth above estimates on AI demand (Reuters) -IT services provider Accenture projected annual revenu..
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Italy boosts crypto risk oversight and toughens sanctions, draft shows
ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines fo..
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Morning Bid: Bailey likely to bail on rate change
A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for t..
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Credit Suisse collapse showed weakness in regulatory framework: SNB
ZURICH (Reuters) – The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, t..
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Asian stocks hold on to gains; BoE in focus
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks took a breather on Thursday, hovering near their highest in two years as t..
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UK election pledges fall short of $48 billion health funding gap, think tank says
LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out h..
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British review of “politically exposed” bank clients put off until election
LONDON (Reuters) – Britain’s financial watchdog will wait until after next month’s national election to publish its..
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Germany’s working-age population to decline by 2% by 2045, study shows
BERLIN (Reuters) – Germany will see its working-age population decrease by 2% by 2045, according to a forecast released on Wedn..
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UK inflation back to 2% target for first time since 2021
LONDON (Reuters) -British inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesda..
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UK’s Berkeley turns to build-to-rent segment; raises earnings view
UK’s Berkeley turns to build-to-rent segment; raises earnings view
(Reuters) -British high-end homebuilder Berkeley lifted its earnings outlook by 5% for fiscal year 2025 on Wednesday and said it would establish a bui..
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Dollar steadies, sterling eases ahead of inflation data
By Rae Wee SINGAPORE (Reuters) -The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of im..
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Exclusive-Ferrari’s first electric car to cost over $500,000, source says
By Giulio Piovaccari MILAN (Reuters) – Ferrari’s first electric car will cost at least 500,000 euros ($535,000), a source..
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Dollar pares gains after US retail sales miss expectations in May
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Tuesday after retail sales data indicated signs o..
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European shares advance as French political concerns subside
(Reuters) -European shares closed higher on Tuesday, supported by a slip in government bond yields as investor concern over French pol..
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UK grocery inflation edges lower again ahead of election, Kantar says
By James Davey LONDON (Reuters) – UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tue..
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German investor morale rises modestly in June, ZEW says
BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, re..
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The euro zone’s fragmented banking industry
By Tommy Reggiori Wilkes and Prinz Magtulis LONDON (Reuters) – Supporters for more consolidation in the euro zone’s banki..
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Norway’s Schibsted to cut 250 jobs in cost drive
OSLO (Reuters) – Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a res..
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YouTube tests context ‘notes’ feature for videos
(Reuters) – Alphabet’s YouTube will soon allow users to add ‘notes’ that will provide context on some of its ..
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New Investment Firm, Terra Invest, Seeks Solutions to Global Challenges by Bridging Policy and Profit
London, United Kingdom – 18 June 2024 – An innovative investment firm, Terra Invest, is launching today in the City of London and the..
Finance
Analysis-Global central banks recalibrate as the big policy easing of 2024 fizzles
By Howard Schneider and Francesco Canepa WASHINGTON (Reuters) – Six months ago the world’s major central banks were prime..
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Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK
The ongoing economic challenges in the UK have significantly impacted families nationwide, forcing individuals and businesses to cope..
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