Italy inflation-adjusted retail sales fell in 2022
ROME (Reuters) -Italian retail sales increased in value terms but decreased in volume in 2022 compared to the previous year, with cons..
FINANCE
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European shares hit nine month high, dollar wobbles after Powell remarks
By Alun John LONDON (Reuters) – Global shares jumped and most currencies rose against the dollar on Wednesday as investors disce..
TRADING
Italy’s MPS sees ‘safe habour’ ahead after strong quarter
By Valentina Za MILAN (Reuters) -Italian state-owned bank Monte dei Paschi di Siena (MPS) on Wednesday joined peers in solidly beating..
BANKING
Michael Kors owner Capri cuts forecasts as demand slows, shares plunge 20%
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its annual profit forecast on Wednesday, hurt by a slowdown in demand for its lux..
INVESTING
Russian threat to Baltic security rising – Estonian intelligence report
By Andrius Sytas VILNIUS (Reuters) – Estonia’s Foreign Intelligence Service said it believed Russia still had the strength..
NEWS
Activision aims to help UK regulator ‘better understand our industry’
LONDON (Reuters) – “Call of Duty” maker Activision Blizzard said on Wednesday it hoped it could help Britain’s..
NEWS
The Benefits of Developing Online Stores Through Shopify
In today’s digital age, the shift toward online shopping has been immense. Businesses need to be able to offer their customers a..
BUSINESS
Stocks, dollar pause ahead of Powell, Biden speeches
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – A gauge of global equities edged lower and the dollar inched up on Tu..
INVESTING
GumGum Goes Green with Cedara
New collaboration accelerates decarbonization, sustainability commitments for lead contextual intelligence platform London, UK –..
NEWS
BP makes record profit in 2022, slows shift from oil
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked it..
INVESTING
Cryptoverse: Is bitcoin out of the woods? Consider the options
By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – Have bitcoin and ether finally turned a corner? It̵..
TRADING
EU considers ban on ‘forever chemicals’, urges search for alternatives
(Reuters) – The European Union on Tuesday started to consider a proposal to ban widely used substances known as PFAS or “f..
BUSINESS
FTSE 100 inches towards recent highs as BP shines
By Sruthi Shankar (Reuters) – UK’s FTSE 100 rose on Tuesday as bumper earnings from oil giant BP and a rally in energy sto..
INVESTING
ECB survey shows rising inflation expectations despite energy price falls
FRANKFURT (Reuters) – Euro zone consumer expectations for inflation edged up again in December, a European Central Bank survey s..
FINANCE
UK house prices stabilise after four-month fall, Halifax says
LONDON (Reuters) – British house prices were unchanged in January after falling in month-on-month terms in each of the previous ..
FINANCE
Allure of Japan’s powder snow a growing danger as more tourists ski backcountry
By Mariko Katsumura and Elaine Lies TOKYO (Reuters) – The popularity of Japan’s crisp powder snow among foreign skiers, su..
NEWS
ChatGPT mania pumps up Chinese AI technology stocks
SHANGHAI (Reuters) – Chinese artificial intelligence stocks are the latest rage in mainland markets as the global frenzy around ..
INVESTING
Marketmind: Rates start to bite
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the..
FINANCE
From boom to bottom and now big change: Renault and Nissan reshape alliance
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their dec..
NEWS
UK stocks slip as rate hike worries grip investors
By Sruthi Shankar and Shashwat Chauhan (Reuters) – The UK’s FTSE 100 closed lower on Monday, as upbeat U.S. economic data ..
TRADING
FINANCE
Global shares slide, dollar gains as rates rise on strong data
Global shares slide, dollar gains as rates rise on strong data
By Herbert Lash and Amanda Cooper WASHINGTON (Reuters) – Global equity markets slid and the dollar firmed on Monday after data showing a resilie..
FINANCE
Bank of England’s Mann doubles down on backing for rate hikes
By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interes..
FINANCE
UK new car sales rise in January, full-year sales to top last year – SMMT
(Reuters) – New car registrations in the United Kingdom rose for the sixth straight month, recording a 14.7% annual rise in Janu..
BUSINESS
UK watchdog warns crypto firms to prepare for advertising rule change
LONDON (Reuters) -Britain’s financial watchdog warned crypto businesses on Monday to get ready for a rule change on advertising ..
TRADING
U.S. job growth powers ahead; unemployment rate at 3.4%
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit a more t..
BUSINESS
Euro zone inflation seen just above ECB’s target in 2025, poll shows
FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’..
NEWS
Kering recruits Estee Lauder exec for push into cosmetics
PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement tha..
NEWS
Lockmaker Assa Abloy boosts dividend, but wary on outlook
STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profi..
NEWS
TomTom raises 2023 revenue outlook as automotive drives Q4 beat
By Federica Mileo (Reuters) -Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after pos..
NEWS
France seeks strategy as nuclear waste site risks saturation point
By Benjamin Mallet LA HAGUE, France (Reuters) – At a nuclear waste site in Normandy, robotic arms guided by technicians behind a..
NEWS
Tech earnings hit pause button on market rally
By Caroline Valetkevitch and Herbert Lash (Reuters) – Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message..
NEWS
Billionaire Cohen builds stake in Nordstrom, urges board shakeup
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to pus..
NEWS
Ford posts lower profit, issues downbeat outlook; shares drop
By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted ..
NEWS
Oil slumps on economic data, stronger U.S. dollar
By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the d..
NEWS
Apple’s weak iPhone sales drive first profit miss since 2016
By Stephen Nellis (Reuters) – Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by we..
BUSINESS
Central banks hike rates again, but a pause is coming
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns...
BANKING
Fed rates up, BoE up, ECB up, stocks up
By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European C..
INVESTING