NEWS

European stocks hits third-straight weekly loss as yields surge

European stocks hits third-straight weekly loss as yields surge

By Sruthi Shankar, Siddarth S and Shristi Achar A (Reuters) -European shares advanced at the end of a turbulent week tracking Wall Str..

EU leaders resolve to boost economic security amid global tension

EU leaders resolve to boost economic security amid global tension

By Belén Carreño GRANADA, Spain (Reuters) – European Union leaders resolved on Friday to strengthen the bloc’s competiti..

Analysis-Is the US strategy of engaging China working?

Analysis-Is the US strategy of engaging China working?

Analysis-Is the US strategy of engaging China working? By Michael Martina and Humeyra Pamuk WASHINGTON (Reuters) – Early in the ..

Renault brings in Volvo, CMA CGM for electric van project

Renault brings in Volvo, CMA CGM for electric van project

Renault brings in Volvo, CMA CGM for electric van project PARIS (Reuters) – Renault will work with fellow carmaker Volvo and shi..

US FDA still not satisfied with Philips recall; stock falls over 9%

US FDA still not satisfied with Philips recall; stock falls over 9%

US FDA still not satisfied with Philips recall; stock falls over 9% By Toby Sterling and Piotr Lipinski AMSTERDAM (Reuters) -The U.S. ..

ECB’s Schnabel can’t rule out more hikes amid inflation risks

ECB’s Schnabel can’t rule out more hikes amid inflation risks

ECB’s Schnabel can’t rule out more hikes amid inflation risks FRANKFURT (Reuters) -The European Central Bank may need to r..

GSK raises $1.1 billion from Haleon stake sale

GSK raises $1.1 billion from Haleon stake sale

GSK raises $1.1 billion from Haleon stake sale (Reuters) -British drugmaker GSK on Friday said it raised 885.6 million pounds ($1.08 b..

UK’s J D Wetherspoon posts higher sales on resilient demand

UK’s J D Wetherspoon posts higher sales on resilient demand

(Reuters) -British pub group J D Wetherspoon said on Friday sales in the first nine weeks of its financial year rose nearly 10% on str..

Norway plans resource tax on onshore wind farms

Norway plans resource tax on onshore wind farms

OSLO (Reuters) – Norway will introduce a resource rent tax on onshore wind power from 2024, although existing facilities will ge..

Finnair to raise $632 million to shore up finances

Finnair to raise $632 million to shore up finances

Finnair to raise $632 million to shore up finances STOCKHOLM (Reuters) -Finnish airline Finnair said on Friday it planned to raise up ..

Explainer-Why are British lender Metro Bank’s shares plunging?

Explainer-Why are British lender Metro Bank’s shares plunging?

Explainer-Why are British lender Metro Bank’s shares plunging? By Lawrence White LONDON (Reuters) – Mid-sized British lend..

Oil prices fall again; demand worries outweigh tight supply

Oil prices fall again; demand worries outweigh tight supply

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s nearly 6% losse..

UK to examine Amazon and Microsoft’s cloud dominance

UK to examine Amazon and Microsoft’s cloud dominance

UK to examine Amazon and Microsoft’s cloud dominance By Paul Sandle and Yadarisa Shabong LONDON (Reuters) -Britain’s media..

Analysis-When, not if, Europe copies Wall Street share trading reform

Analysis-When, not if, Europe copies Wall Street share trading reform

Analysis-When, not if, Europe copies Wall Street share trading reform By Huw Jones LONDON (Reuters) – The European Union, Britai..

Citigroup outlines layoff process, reassignments as overhaul takes shape

Citigroup outlines layoff process, reassignments as overhaul takes shape

Citigroup outlines layoff process, reassignments as overhaul takes shape By Lananh Nguyen, Saeed Azhar and Tatiana Bautzer NEW YORK (R..

Dollar, stocks slip amid still tight U.S. labor market

Dollar, stocks slip amid still tight U.S. labor market

Dollar, stocks slip amid still tight U.S. labor market By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar ea..

Greedy beast’ of inflation not yet defeated, Bundesbank chief says

Greedy beast’ of inflation not yet defeated, Bundesbank chief says

FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth r..

Pound dips after weak UK construction data, BoE survey

Pound dips after weak UK construction data, BoE survey

Pound dips after weak UK construction data, BoE survey By Samuel Indy   LONDON (Reuters) – The British pound dipped against..

Alstom cash flow warning wipes $3 billion off train maker’s value

Alstom cash flow warning wipes $3 billion off train maker’s value

Alstom cash flow warning wipes $3 billion off train maker’s value (Reuters) -Alstom’s shares plunged by as much as 38% in ..

Jewellery retailer Pandora raises growth targets, shares jump

Jewellery retailer Pandora raises growth targets, shares jump

Jewellery retailer Pandora raises growth targets, shares jump By Helen Reid LONDON (Reuters) -Jewellery retailer Pandora raised its gr..

Birkenstock the latest shoe IPO to drop in a tough market

Birkenstock the latest shoe IPO to drop in a tough market

Birkenstock the latest shoe IPO to drop in a tough market By Ananya Mariam Rajesh and Helen Reid (Reuters) – Sandal company Birk..

UK new car sales rise about 20% in September, says industry body SMMT

UK new car sales rise about 20% in September, says industry body SMMT

UK new car sales rise about 20% in September, says industry body SMMT (Reuters) – New car sales in Britain rose roughly 20% in S..

UK PM Sunak offers billions for new links after scrapping HS2 northern leg

UK PM Sunak offers billions for new links after scrapping HS2 northern leg

UK PM Sunak offers billions for new links after scrapping HS2 northern leg By Alistair Smout and Sarah Young MANCHESTER (Reuters) R..

Europe could become energy self-sufficient in $2 trillion push – study

Europe could become energy self-sufficient in $2 trillion push – study

Europe could become energy self-sufficient in $2 trillion push – study FRANKFURT (Reuters) – Europe could wean itself off ..

World’s biggest bond markets steady after heavy selloff

World’s biggest bond markets steady after heavy selloff

World’s biggest bond markets steady after heavy selloff By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in worl..

UK business downturn eases after inflation data, BoE pause – PMI

UK business downturn eases after inflation data, BoE pause – PMI

LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surp..

Euro zone economy likely contracted in Q3 amid waning demand

Euro zone economy likely contracted in Q3 amid waning demand

Euro zone economy likely contracted in Q3 amid waning demand By Jonathan Cable LONDON (Reuters) – The euro zone economy probably..

Global bond rout deepens before receding on relief rally

Global bond rout deepens before receding on relief rally

Global bond rout deepens before receding on relief rally By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -A rout in governmen..

ECB’s Centeno says rate cycle likely completed, inflation retreating

ECB’s Centeno says rate cycle likely completed, inflation retreating

LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro..

Factbox-Italy feels health sector pinch as Europe struggles post COVID-19

Factbox-Italy feels health sector pinch as Europe struggles post COVID-19

ROME (Reuters) – Italy’s government has warned that a shortage of doctors and nurses in the national health service repres..

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year BRUSSELS (Reuters) – Euro zone producer pr..

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp chos..

Central bank test lab develops global bitcoin mapping system

Central bank test lab develops global bitcoin mapping system

Central bank test lab develops global bitcoin mapping system By Marc Jones LONDON (Reuters) – A global central bank test lab has..

Russian car sales jump in September as Chinese brands expand market share

Russian car sales jump in September as Chinese brands expand market share

Russian car sales jump in September as Chinese brands expand market share (Reuters) – Car sales in Russia jumped by 148.6% year-..

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug

Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug By Steven Scheer JERUSALEM (Reuters) – Teva Pharmac..

Britain’s SSE sees weaker half-year profit on subdued renewables output

Britain’s SSE sees weaker half-year profit on subdued renewables output

Britain’s SSE sees weaker half-year profit on subdued renewables output (Reuters) -British power generator and network operator ..

Britain’s Tesco upgrades outlook as inflation eases

Britain’s Tesco upgrades outlook as inflation eases

LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased..