ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium ..
News
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Oil rebounds on fading risk of U.S. debt default
By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned ca..
News
Celebrating our exporting excellence
By UMi CEO, Nicki Clark OBE The Northern Powerhouse doesn’t get its name from just anywhere, this was a reflection of th..
Business
Siemens Energy close to selling stake in Windar Renovables – source
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source ..
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Allianz Trade Secures Seventh Consecutive Win as Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking & Finance Awards®
Allianz Trade cements its leadership in Trade Credit Insurance, clinching top honors at the Global Banking & Finance Awards® 2023..
Industries
Stocks reach one-month high on U.S. debt ceiling hopes
By Naomi Rovnick and Ankur Banerjee LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major..
News
UK’s Nationwide to pay 340 million pounds to customers after profit leap
LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their curren..
News
Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2..
News
Wall Street gains, dollar climbs on solid data, debt ceiling progress
By Stephen Culp NEW YORK (Reuters) -Wall Street turned higher and the dollar reached a seven-week peak on Thursday as discount retail..
Trading
Ripple buys crypto custody firm Metaco for $250 million
(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) By Elizabeth Howcroft LONDO..
News
Burberry shares drop as weak US demand overshadows China rebound
By Suban Abdulla LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter s..
News
Aston Martin stock soars after $295 million on Geely investment
(Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investme..
News
Japanese businesses pledge UK investment ahead of Sunak meeting
LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a me..
News
Australia’s push for faster EV uptake will be slow to charge
(This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid is..
News
Credit Suisse bond wipe-out will not trigger credit insurance payout
LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates o..
News
Southern Europe braces for climate change-fuelled summer of drought
By Kate Abnett BRUSSELS (Reuters) -Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering ..
News
UK has held productive discussions with EU over car tariffs – minister
LONDON (Reuters) – Britain has had productive discussions with the European Union about changing trading arrangements for car m..
News
Mitchells & Butlers pub group says costs start to ease
By Radhika Anilkumar (Reuters) -British pub and restaurant group Mitchells & Butlers PLC reported a fall in half-year profits on ..
News
Low unemployment amongst young driving demand, says JD Sports boss
LONDON (Reuters) – Historically low unemployment for the young is driving demand for JD Sports Fashion’s trainers, joggers..
News
European shares weighed by US debt ceiling concerns, slide in financials
By Sruthi Shankar (Reuters) – European shares slipped on Wednesday as concerns about whether the United States can avoid a debt..
News
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stoc..
News
Experian sees annual revenue growth on steady demand
(Reuters) – British credit data firm Experian Plc said on Wednesday it expects its annual organic revenue to grow between 4% an..
News
Analysis-Southern Europe braces for climate change-fuelled summer of drought
By Kate Abnett BRUSSELS (Reuters) – Southern Europe is bracing for a summer of ferocious drought, with some regions already suf..
News
Asian shares tentative, US debt ceiling talks weigh on risk appetite
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak a..
News
German economic growth to remain muted in near term – IMF
BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a mild winter, bu..
Finance
EU raw material targets need money and faster permits, sector chief says
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union will only meet ambitious targets to reduce its reliance on China a..
News
Macquarie raising hurdles to CDP joining KKR bid for Telecom Italia grid, sources say
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy&..
News
France to host pro-nuclear meet to push for EU recognition of climate benefits
By Kate Abnett and America Hernandez BRUSSELS (Reuters) -France will host a meeting of ministers from 16 pro-nuclear European states ..
News
Platinum facing biggest deficit in years as carmakers snap up metal
LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest d..
Trading
Agnelli investment firm hires former UK minister Osborne
PARIS/LONDON (Reuters) – Lingotto Investment Management, backed by Italy’s Agnelli family, has hired former British finan..
News
UK competition watchdog steps up examination of grocery prices
LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evi..
News
India’s carmakers back zero duty on limited British imports under trade deal – sources
By Aditi Shah and Shivangi Acharya NEW DELHI (Reuters) – Indian carmakers have agreed to eliminate import tax on a limited numb..
News
World stocks climb on hopes of successful debt ceiling outcome
By Nell Mackenzie LONDON (Reuters) -World stocks rose on Monday on cautious optimism ahead of this week’s deliberations over th..
News
Economist Odor picked as Slovakia’s caretaker prime minister
By Radovan Stoklasa and Jan Lopatka BRATISLAVA (Reuters) – Respected economist Ludovit Odor was made Slovakia’s interim p..
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Euro zone industry output falls sharply, with Ireland plunge
BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged..
News
Record orders, strong sales drive strong Q2 for Siemens Energy
FRANKFURT (Reuters) -Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter..
News
Oil slips as economic worries take focus off tighter supplies
(Reuters) -Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offse..
News