Concern over US default risk grips global markets as talks resume
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Unease over how U.S. debt ceiling negotiations will pan out gripped g..
Finance
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Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user..
News
Britain chips away at NatWest stake with $1.6 billion share sale
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 bil..
News
Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 ..
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Markets edgy as US debt ceiling talks near crunch time
By Stella Qiu SYDNEY (Reuters) – Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations app..
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Oil slips as U.S. debt caution offset supply concerns
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about de..
News
Dollar weakens after gains all week; debt deal hopes boost market sentiment
By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar fell on Friday after posting gains for mos..
Finance
Wall Street gains, Treasury yields rise as debt ceiling talks progress
NEW YORK (Reuters) – U.S. stocks were tentatively higher on Friday and benchmark Treasury yields extended their upward trajec..
Finance
Energy costs for most British households to fall 18% from July -Cornwall Insight
LONDON (Reuters) – Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem pois..
News
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
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..
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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..
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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