German consumer sentiment stabilizes at low level in March, finds GfK
BERLIN (Reuters) – German consumer sentiment is expected to stabilize at a low level in March as households are confronted with..
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Dental implants maker Straumann sees steady sales growth in 2024
(Reuters) – Swiss dental implant maker Straumann on Tuesday forecast 2024 sales growth at a similar level to last year’s,..
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European private credit rebounds to levels last seen in mid-2022, says Deloitte
By Naomi Rovnick LONDON (Reuters) – European private lending activity has rebounded to levels last seen in mid-2022, new data f..
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Analysis-Euro zone bond markets mimic Treasuries, pushing correlations to record
By Harry Robertson LONDON (Reuters) – Euro zone bonds are trading more in sync with their U.S. peers than ever before, as inves..
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Malaysia’s Capital A aims to raise $400 million equity from AirAsia merger
Malaysia’s Capital A aims to raise $400 million equity from AirAsia merger
By Danial Azhar KUALA LUMPUR (Reuters) – The parent company of Malaysian budget airline AirAsia, Capital A Berhad <CAPI.KL>, is looking t..
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Renault unveils new R5 as it taps past success for electric future
By Gilles Guillaume GENEVA (Reuters) – Renault unveiled its highly anticipated new electric R5 on Monday at the Geneva Motor Sh..
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EU carbon border tax will do little to cut emissions, ADB study says
By David Stanway SINGAPORE (Reuters) -A European Union plan to impose tariffs on high-carbon imports could hurt developing countries ..
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Facing Chinese EV rivals, Europe’s automakers squeeze suppliers on costs
By Nick Carey LONDON (Reuters) -Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut..
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Marketmind: Markets brace for inflation trifecta
A look at the day ahead in European and global markets from Wayne Cole It’s all about inflation this week with markets pricing ..
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UK job vacancies fall 15% year-on-year in January, Adzuna data shows
LONDON (Reuters) – British employers advertised the fewest jobs in nearly three years last month, with numbers down 15% from a ..
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Infineon bets on AI boom to spur more lucrative chip sales
FRANKFURT (Reuters) – Germany’s Infineon is banking on a boom in artificial intelligence (AI) to generate billions in rev..
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ABB picks electrification chief Wierod as CEO
ZURICH (Reuters) -ABB appointed Morten Wierod as chief executive on Friday, replacing Bjorn Rosengren who led an overhaul of the Swis..
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Stocks bask in tech mania, Nvidia boom
Stocks bask in tech mania, Nvidia boom
By Stella Qiu SYDNEY (Reuters) -Global stock markets are on course on Friday for a week of heady gains as AI darling Nvidia’s stunning results ..
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StanChart lowers income target, launches $1 billion share buyback as profit jumps 18%
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and..
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Allianz nearly doubles Q4 net profit, helped by health and life business
FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in ..
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BASF dials up cost cuts in Germany, flags earnings rebound
By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its L..
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ECB reports record loss for 2023 as rate hikes bite
FRANKFURT (Reuters) – The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were ..
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China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market
BEIJING (Reuters) – China’s Xpeng on Thursday said it has established a strategic partnership with UAE-based Ali&Sons..
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As Nikkei eclipses 34-year record, derivatives signal stall ahead
By Junko Fujita TOKYO (Reuters) – As Japan’s Nikkei catapults past its bubble-era peak and investors grow confident of fu..
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TotalEnergies Texas refinery running at minimal rates, say sources
By Erwin Seba HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at mi..
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Nestle misses sales estimates as price hikes deter shoppers
By Richa Naidu LONDON (Reuters) – Nestle reported full-year organic sales growth slightly below expectations on Thursday as the..
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Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
(Reuters) – German food delivery company Delivery Hero said on Wednesday that the ongoing talks for the potential sale of its f..
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Exploring the impact of AI on the insurance industry: benefits, challenges, and future directions
Author: Daren Rudd, Head of Business, Technology and Innovation Consulting, Insurance CGI UK There is a definite buzz in t..
Finance
German economy in stormy waters as government slashes forecast
By Christian Kraemer and Rachel More BERLIN (Reuters) -The German government expects the economy to grow 0.2% this year, far less tha..
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London’s iconic BT Tower to become a hotel
By Paul Sandle LONDON (Reuters) -London’s iconic BT Tower is set to become a luxury hotel after the owner BT Group agreed to se..
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UK sees record monthly budget surplus, but tough picture ahead of budget
By David Milliken and Suban Abdulla LONDON (Reuters) -Britain chalked up its highest ever monthly budget surplus in January due to re..
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Coffee group JDE Peet’s posts surprise growth in 2023 operating profit
By Stephanie Hamel and Gaelle Sheehan (Reuters) -JDE Peet’s, one of the world’s largest coffee companies, on Wednesday re..
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Risk v/s Reward: Bitcoin in 2024
By Evander Smart, Founder & CEO — Bitcoin University The year 2023 was not an easy one for the crypto community. Th..
Trading
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts..
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Beijing shuts highways after heavy snowfall
BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than-expected snowfall hit the Chinese capital overni..
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Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
By Tom Wilson LONDON (Reuters) – Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain netwo..
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UK employers offer smaller pay rises at start of 2024, XpertHR survey shows
LONDON (Reuters) – British employers scaled back the annual pay settlements they offered to staff at the start of 2024, a surve..
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Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million
By Tatiana Bautzer (Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million..
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Barclays plans cost cuts, bumper buybacks in bid to boost shares
LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds ..
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Dialysis firm FMC sees robust 2024 earnings growth after strong Q4
GDANSK (Reuters) – Fresenius Medical Care on Tuesday forecast its core earnings to grow by a mid- to high-teens percentage this..
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China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities so..
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Air Liquide tops profit forecast, hikes 2025 margin target
By Augustin Turpin and Olivier Cherfan (Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-expected a..
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