News

Allianz nearly doubles Q4 net profit, helped by health and life business

Allianz nearly doubles Q4 net profit, helped by health and life business

FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net ..

BASF dials up cost cuts in Germany, flags earnings rebound

BASF dials up cost cuts in Germany, flags earnings rebound

By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 bil..

ECB reports record loss for 2023 as rate hikes bite

ECB reports record loss for 2023 as rate hikes bite

FRANKFURT (Reuters) – The European Central Bank on Thursday reported a record ..

China’s Xpeng signs partnership with UAE’s Ali&Sons, eyes Italian market

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..

As Nikkei eclipses 34-year record, derivatives signal stall ahead

As Nikkei eclipses 34-year record, derivatives signal stall ahead

By Junko Fujita TOKYO (Reuters) – As Japan’s Nikkei catapults past its ..

TotalEnergies Texas refinery running at minimal rates, say sources

TotalEnergies Texas refinery running at minimal rates, say sources

By Erwin Seba HOUSTON (Reuters) -TotalEnergies’ 238,000-barrel-per-day (bpd) ..

Nestle misses sales estimates as price hikes deter shoppers

Nestle misses sales estimates as price hikes deter shoppers

By Richa Naidu LONDON (Reuters) – Nestle reported full-year organic sales gro..

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

(Reuters) – German food delivery company Delivery Hero said on Wednesday that..

German economy in stormy waters as government slashes forecast

German economy in stormy waters as government slashes forecast

By Christian Kraemer and Rachel More BERLIN (Reuters) -The German government expect..

London’s iconic BT Tower to become a hotel

London’s iconic BT Tower to become a hotel

By Paul Sandle LONDON (Reuters) -London’s iconic BT Tower is set to become a ..

UK sees record monthly budget surplus, but tough picture ahead of budget

UK sees record monthly budget surplus, but tough picture ahead of budget

By David Milliken and Suban Abdulla LONDON (Reuters) -Britain chalked up its highes..

Coffee group JDE Peet’s posts surprise growth in 2023 operating profit

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..

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Wednesday as di..

Beijing shuts highways after heavy snowfall

Beijing shuts highways after heavy snowfall

BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-tha..

Crypto firm Circle to end support for USDC stablecoin on Tron blockchain

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 suppo..

UK employers offer smaller pay rises at start of 2024, XpertHR survey shows

UK employers offer smaller pay rises at start of 2024, XpertHR survey shows

LONDON (Reuters) – British employers scaled back the annual pay settlements t..

Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

By Tatiana Bautzer (Reuters) -Citigroup increased Chief Executive Officer Jane Fras..

Barclays plans cost cuts, bumper buybacks in bid to boost shares

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 p..

Dialysis firm FMC sees robust 2024 earnings growth after strong Q4

Dialysis firm FMC sees robust 2024 earnings growth after strong Q4

GDANSK (Reuters) – Fresenius Medical Care on Tuesday forecast its core earnin..

China slashes mortgage reference rates to revive property market

China slashes mortgage reference rates to revive property market

SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the ben..

Air Liquide tops profit forecast, hikes 2025 margin target

Air Liquide tops profit forecast, hikes 2025 margin target

By Augustin Turpin and Olivier Cherfan (Reuters) -French industrial gases firm Air ..

Marketmind: Wages will test wagers on rates

Marketmind: Wages will test wagers on rates

A look at the day ahead in European and global markets from Tom Westbrook Europe..

German homes are still overvalued despite price drop – Bundesbank

German homes are still overvalued despite price drop – Bundesbank

FRANKFURT (Reuters) – German homes are still overvalued despite a fall in pric..

Sterling inches higher after last week’s fall

Sterling inches higher after last week’s fall

By Harry Robertson LONDON (Reuters) – The pound edged slightly higher on Mond..

Oppenheimer’ triumphs at BAFTA Film Awards with most win

Oppenheimer’ triumphs at BAFTA Film Awards with most win

By Marie-Louise Gumuchian LONDON (Reuters) -“Oppenheimer”, a three-hour..

Marketmind: China markets look like they need another holiday

Marketmind: China markets look like they need another holiday

By Wayne Cole (Reuters) – A look at the day ahead in European and global mark..

UK property prices show first annual rise since August – Rightmove

UK property prices show first annual rise since August – Rightmove

LONDON (Reuters) – The prices of homes being put up for sale in Britain have ..

France cuts 2024 growth forecast as outlook darkens

France cuts 2024 growth forecast as outlook darkens

PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had lowe..

Factbox-Main winners at the 2024 BAFTA Film Awards

Factbox-Main winners at the 2024 BAFTA Film Awards

LONDON (Reuters) – Britain’s top movie honours, the BAFTA Film Awards, w..

England’s NHS to trim main healthcare wait list ahead of election

England’s NHS to trim main healthcare wait list ahead of election

By Paul Sandle LONDON (Reuters) -England’s health service will move about 40,..

Swedish January inflation up as expected, rate cut set for mid-year

Swedish January inflation up as expected, rate cut set for mid-year

By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up p..

Dollar stands firm as sticky US inflation dents rate cut expectations

Dollar stands firm as sticky US inflation dents rate cut expectations

By Ankur Banerjee SINGAPORE (Reuters) -The dollar was steady on Monday after data l..

Asia shares sputter as China returns with low energy

Asia shares sputter as China returns with low energy

By Wayne Cole SYDNEY (Reuters) -Asian shares struggled to make much ground on Monda..

Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops

Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops

By Echha Jain (Reuters) -Westpac Banking Corp said it sees scope for monetary polic..

Spanish conservatives retain majority in Galicia regional vote

Spanish conservatives retain majority in Galicia regional vote

MADRID (Reuters) -Spain’s opposition conservative People’s Party retain..

UK shoppers pick up their spending, signalling quick end to recession

UK shoppers pick up their spending, signalling quick end to recession

By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almos..

Eni beats Q4 profit forecasts helped by favourable arbitration

Eni beats Q4 profit forecasts helped by favourable arbitration

By Francesca Landini MILAN (Reuters) -Italian energy group Eni on Friday reported f..