News

Stocks and bonds take heart from Powell; commodities strong

Stocks and bonds take heart from Powell; commodities strong

By Amanda Cooper LONDON (Reuters) – Global shares rallied on Thursday as U.S...

UK on track to exit recession despite slower services growth, PMI data shows

UK on track to exit recession despite slower services growth, PMI data shows

By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit ..

Oil steady, bolstered by lower supply concerns

Oil steady, bolstered by lower supply concerns

By Paul Carsten and Robert Harvey LONDON (Reuters) -Oil prices were steady on Thurs..

Dollar hits two-week low while battered yen stabilises

Dollar hits two-week low while battered yen stabilises

By Hannah Lang and Stefano Rebaudo NEW YORK (Reuters) – The dollar hit a two-..

UK on track to exit recession despite slower services growth, PMI data shows

UK on track to exit recession despite slower services growth, PMI data shows

By David Milliken LONDON (Reuters) -Britain’s economy looks on track to exit ..

Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc

Tame Swiss inflation opens door for more SNB rate cuts, weighs on franc

By John Revill ZURICH (Reuters) -Swiss inflation eased to its lowest level in two-a..

Former Gucci CEO to take minority stake in Elisabetta Franchi

Former Gucci CEO to take minority stake in Elisabetta Franchi

MILAN (Reuters) – Former Gucci chief executive Marco Bizzarri said on Thursday..

Britain’s Co-op profit slides after petrol forecourt sale

Britain’s Co-op profit slides after petrol forecourt sale

(Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, pos..

UK watchdog refers Vodafone, Three deal to in-depth probe

UK watchdog refers Vodafone, Three deal to in-depth probe

(Reuters) -Britain’s competition regulator said on Thursday it would need to ..

Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses

Japan’s Konica Minolta to cut 2,400 jobs, book $132 million in expenses

TOKYO (Reuters) – Japan’s Konica Minolta said on Thursday it will trim ..

Novo says Ozempic starter kits still not available in Germany in Q2

Novo says Ozempic starter kits still not available in Germany in Q2

By Ludwig Burger FRANKFURT (Reuters) – Novo Nordisk has warned that starter k..

Euro zone inflation unexpectedly eases, boosting rate cut case

Euro zone inflation unexpectedly eases, boosting rate cut case

By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation fell unexpectedly..

UK supermarket sales rise 5.4%, NIQ market researcher says

UK supermarket sales rise 5.4%, NIQ market researcher says

LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-yea..

UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes

UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes

(Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subd..

Swiss Re appoints Andreas Berger as new CEO from July

Swiss Re appoints Andreas Berger as new CEO from July

ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger wou..

CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says

CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says

(Reuters) – French car manufacturer Renault on Wednesday announced that shipp..

Euro zone factory downturn deepened again in March, PMI shows

Euro zone factory downturn deepened again in March, PMI shows

LONDON (Reuters) – Euro zone manufacturing activity took a further turn for t..

IKEA Foundation backs emerging market EV push with $100 million grant

IKEA Foundation backs emerging market EV push with $100 million grant

By Simon Jessop and Virginia Furness LONDON (Reuters) – A global initiative t..

UK shop prices rise at slowest pace since December 2021

UK shop prices rise at slowest pace since December 2021

LONDON (Reuters) – Prices in British shops rose at the slowest pace in more t..

Disney edges ahead in battle for board seats with activist investors

Disney edges ahead in battle for board seats with activist investors

By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) – Walt Disney ..

UBS launches new $2bn share buyback

UBS launches new $2bn share buyback

ZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback pro..

BMW and India’s Tata Technologies to form JV for developing software

BMW and India’s Tata Technologies to form JV for developing software

BENGALURU (Reuters) -BMW Group and Tata Technologies will form a joint venture for ..

King Charles greets well-wishers after Easter Sunday service

King Charles greets well-wishers after Easter Sunday service

By Hollie Adams WINDSOR, England (Reuters) -Britain’s King Charles greeted we..

China believes France will provide fair business environment for Chinese firms, foreign ministry says

China believes France will provide fair business environment for Chinese firms, foreign ministry says

BEIJING (Reuters) – China will import even more high-quality products and ser..

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

Exclusive-Microsoft to separate Teams and Office globally amid antitrust scrutiny

By Foo Yun Chee BRUSSELS (Reuters) – Microsoft will sell its chat and video a..

Xiaomi’s EV buyers face up to seven-month wait for car, app shows

Xiaomi’s EV buyers face up to seven-month wait for car, app shows

By Yelin Mo and Brenda Goh BEIJING (Reuters) -Xiaomi is advising would-be buyers of..

Stocks subdued, yen in focus, with inflation data on tap

Stocks subdued, yen in focus, with inflation data on tap

By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global s..

Hershey, Mondelez bet big on Easter as cocoa price crisis looms

Hershey, Mondelez bet big on Easter as cocoa price crisis looms

(This March 26 story has been refiled to correct the data source to ‘NielsenI..

Syngenta ditches multi-billion dollar China IPO bid

Syngenta ditches multi-billion dollar China IPO bid

The IPO, which would have valued the Chinese-owned firm at as much as $60 billion,..

India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say

India keen on trade deals with Britain, Oman early in Modi’s probable third term, sources say

By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi..

UK’s Thames Water in crisis after shareholders refuse to pay up

UK’s Thames Water in crisis after shareholders refuse to pay up

By Sarah Young LONDON (Reuters) -Thames Water, Britain’s biggest water utilit..

Mercedes partly loses class action case over diesel defeat devices

Mercedes partly loses class action case over diesel defeat devices

BERLIN (Reuters) – A German court ruled on Thursday partly in favour of consu..

UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger

UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger

LONDON (Reuters) -Britain’s competition regulator said on Thursday that it ha..

JD Sports’ January sales fall in ‘challenging’ market

JD Sports’ January sales fall in ‘challenging’ market

LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions rem..

French company Valeo to use more Google Cloud AI tools

French company Valeo to use more Google Cloud AI tools

PARIS (Reuters) – French car parts maker Valeo said on Thursday it would be u..

BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports

BoE’s Haskel says rate cuts should be ‘a long way off’, FT reports

(Reuters) -Bank of England (BoE) interest-rate setter Jonathan Haskel said that rat..

Analysis-Foreign firms’ losses from exiting Russia top $107 billion

Analysis-Foreign firms’ losses from exiting Russia top $107 billion

By Alessandro Parodi and Alexander Marrow (Reuters) – The corporate exodus fr..