Instant View: ECB sticks with big rate hike even as bank fears roil markets
(Reuters) – The European Central Bank pushed through another big increase in interest rates on Thursday, sticking with its quest..
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Big ECB hike adds fuel to the banking sector fire
By Joice Alves LONDON (Reuters) – Euro zone bank shares hit a ten-week low on Thursday after the European Central Bank (ECB) rai..
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EU announces plans to lead green industrial revolution
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission presented the centrepieces of a strategy on Thursday to ensure its in..
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Britain announces 205 million pound auction for renewable power projects
LONDON (Reuters) – Britain’s next auction round to spur renewable power projects will be worth about 205 million pounds ($247 mi..
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French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher ..
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Publisher Bloomsbury casts upbeat forecast, says books ‘affordable pastime’
(Reuters) -Bloomsbury Publishing Plc forecast full-year profit to be well ahead of expectations on Wednesday, encouraged by the robust..
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Burberry appoints McLaren’s Kate Ferry as CFO
LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial offic..
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Crown Agents Bank owner explores sale of British payments group –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Helios Investment Partners has been working with advisers to sell ..
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Oil prices rebound after OPEC upgrades China demand outlook
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the previous..
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Asian shares gain as fears about rapid Fed hikes, bank crisis fade
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as ..
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KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Sign..
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NatWest limits customers’ crypto transfers, citing scam concerns
By Elizabeth Howcroft LONDON (Reuters) – Britain’s NatWest has imposed new limits on the daily and monthly amount customer..
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London fears losing luxury shoppers to Paris and Milan
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping..
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Meta to cut 10,000 jobs in second round of layoffs
By Katie Paul and Nivedita Balu (Reuters) -Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making i..
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MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting
(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet..
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ING toughens oil and gas policy to include trade finance, midstream
By Virginia Furness LONDON (Reuters) – Dutch lender ING on Tuesday said it had again toughened its lending policy to the oil and..
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Sainsbury’s pays $524 million for full ownership of store investment vehicles
LONDON (Reuters) -British supermarket Sainsbury’s said on Tuesday it would take full ownership of the Highbury and Dragon store ..
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Fraport sees 2023 passenger traffic at 80-90% of pre-pandemic levels
(Reuters) – Frankfurt Airport operator Fraport on Tuesday said it expected passenger traffic to keep improving in 2023 but stay ..
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Tennis-Panic attack ends Tsurenko’s Indian wells, as Raducanu marches on
(Reuters) -Emma Raducanu scored her biggest win since a run to the U.S. Open title beating Beatriz Haddad Maia 6-1 2-6 6-4 to reach th..
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Australia’s nuclear submarine plan to cost up to $245 billion by 2055 -defence official
By Lewis Jackson CANBERRA (Reuters) -Australia’s nuclear-powered submarine programme with the United States and Britain will cos..
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British EV startup Arrival gets $300 million funding, aims to slow cash-burn
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it ..
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UniCredit shareholders urged to reject CEO Orcel’s pay rise
By Valentina Za MILAN (Reuters) – Leading governance adviser Institutional Shareholder Services (ISS) on Monday recommended shar..
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Meta to wind down NFTs on platforms amid crypto bust
(Reuters) -Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than..
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Swiss regulator monitoring banks and insurers after SVB collapse
ZURICH (Reuters) – Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for t..
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Britain’s tax take risks blowing green energy off target
By Susanna Twidale and Shadia Nasralla LONDON (Reuters) – A cap on revenue and the lack of the kind of incentives offered to oil..
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UK gives BBC World Service 20 million pounds to support English language broadcasting
LONDON (Reuters) – Britain said on Monday it had awarded a one-off payment of 20 million pounds ($24.13 million) to the BBC Worl..
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Tesco to charge online, Booker suppliers new fulfilment charge
LONDON (Reuters) – Britain’s Tesco has told the suppliers of its online and Booker wholesale operations that they will nee..
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Bristol Myers, Pfizer, AbbVie drugs likely to face U.S. price negotiation
By Michael Erman, Patrick Wingrove and Ahmed Aboulenein NEW YORK/WASHINGTON (Reuters) – The blood thinner Eliquis from Bristol M..
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Porsche CEO: There is no conflict between e-mobility and e-fuels
WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there w..
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Britain toughens up diversity targets for UK companies
By Huw Jones LONDON (Reuters) – Britain’s top listed and private companies on Monday were called on to meet broader volunt..
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The pound, gilts and stocks: likely winners and losers from UK budget
By Lucy Raitano, Samuel Indyk and Joice Alves LONDON (Reuters) – Britain’s City and business lobby are clamouring for swee..
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HSBC acquires British arm of stricken Silicon Valley Bank
By Iain Withers LONDON (Reuters) -HSBC said on Monday it is acquiring the UK subsidiary of stricken Silicon Valley Bank for 1 pound, r..
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Novartis launches new $11 billion share buyback
ZURICH (Reuters) -Novartis has formally launched its new share buyback programme where it could spend up to 10 billion Swiss francs ($..
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Mobile games developer Huuuge says has $24.2 million at SVB
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collap..
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US stock futures, bonds rally as markets flirt with Fed pause
By Wayne Cole SYDNEY (Reuters) – U.S. stock futures rallied in tense Asian trade on Monday as authorities announced plans to lim..
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Britain delays major rail project HS2 as costs soar again
LONDON (Reuters) -Britain said on Thursday it would delay building parts of a new high-speed railway linking London and northern Engla..
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Markets start signalling Fed may be going too far – Amundi
By Yoruk Bahceli (Reuters) – Recent moves in bond and equity markets show that investors are starting to worry that the Federal ..
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