Telecom Italia board to meet Friday over bid for Sparkle unit, sources say
MILAN (Reuters) – Telecom Italia (TIM) will hold a board meeting on Friday over a 700 million euro ($772 million) non-bin..
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Exclusive-Germany to vote against EU tariffs on Chinese electric vehicles, sources say
By Andreas Rinke FRANKFURT (Reuters) -Germany on Friday will vote against the introduction of European Union tariffs on Chinese..
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Sabadell CEO says 2024 full-year profit could top 1.6 billion euros
MADRID (Reuters) – The CEO of Spain’s Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more tha..
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Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..
Business
SWIFT to trial live digital currency transactions next year
By Alun John LONDON (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital..
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Levi Strauss shares fall on weak holiday-quarter forecast
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..
Business
Stocks lose ground, oil extends gains amid Middle East tension
By Iain Withers and Chibuike Oguh NEW YORK/LONDON (Reuters) – Global stocks fell on Thursday, weighed down by tepid trading in e..
Finance
Britain’s Tesco lifts profit outlook after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..
Business
Britain’s Tesco lifts annual profit forecast after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursda..
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Morning Bid: PMIs to pave the way for rate cuts
A look at the day ahead in European and global markets from Stella Qiu Services PMIs due across Europe on Thursday are likely t..
News
Asian shares retreat from 32-month top, Japan rallies as rate risk eases
By Stella Qiu SYDNEY (Reuters) -Asian shares retreated from a 32-month peak on Thursday as the sizzling rally in Hong Kong took..
Finance
Britain proposes new powers for banks in fight against fraudsters
LONDON (Reuters) – Britain is giving banks enhanced new powers to delay and investigate suspicious payments in a bid to s..
Finance
Microsoft to make $4.8 billion AI, cloud investment in Italy
MILAN (Reuters) – Microsoft plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its ar..
Technology
France to stick with wind power development targets
PARIS (Reuters) – France is aiming for a target growth rate of 1.5 gigawatts (GW) per year in onshore wind power, Energy ministe..
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Stocks stable, oil rises as wary investors eye Middle East hostilities
By Sinéad Carew, Lawrence White NEW YORK/ LONDON (Reuters) -MSCI’s global equities index was up very slightly on Wednesday whi..
Finance
ECB’s top conservative shifts tone with sanguine inflation message
FRANKFURT (Reuters) -Euro zone inflation is increasingly likely to ease back to the European Central Bank’s 2% target on a durab..
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Dollar gains as ADP shows better than expected jobs gains
By Karen Brettell NEW YORK (Reuters) – The dollar hit a three-week high against the euro on Wednesday after the ADP national e..
Finance
Euro area long-dated yields rise after sharp drop, geopolitics in focus
By Stefano Rebaudo (Reuters) – Euro area government bond yields rose on Wednesday, a day after long-dated yields posted their ..
Business
LME monitors tightness in aluminium market after spike in spread
By Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) is tracking tightness in the aluminium market, which has see..
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Sainsbury’s boss looks to UK budget to lift spending gloom
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again unt..
Business
Online Tools For Active Forex Traders
There are several online tools for active forex traders. As the biggest liquid market in the world, potential opportunities continue t..
Finance
Big oil’s big payouts under strain as energy prices fall
By Ron Bousso LONDON (Reuters) – Major energy companies are set to borrow billions to maintain shareholder payouts or cut the ra..
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Bonds rally, dollar firms as traders ponder rate cuts
By Yoruk Bahceli (Reuters) -Government bonds rallied on Tuesday as euro zone inflation data boosted the case for faster European Centr..
Finance
CVS explores options including potential break-up, sources say
By Anirban Sen NEW YORK (Reuters) – CVS Health is exploring options that could include a break-up of the company to separate its..
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Italy and BlackRock discuss potential data centres investment
ROME (Reuters) – Italian Prime Minister Giorgia Meloni met the head of the U.S. fund BlackRock Inc, Larry Fink, in Rome o..
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French retailer Casino to present new strategy with heavy job cuts expected
PARIS (Reuters) – French supermarket chain Casino will set out its new strategy in November, with heavy job cuts still li..
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Germany reports outbreak of H5N1 bird flu on a farm
PARIS (Reuters) – Germany reported an outbreak of highly pathogenic H5N1 bird flu on a farm in the eastern region of Saxo..
News
SoftBank to invest $500 million in OpenAI, The Information reports
(Reuters) – Japanese telecom company SoftBank’s Vision Fund will invest $500 million in OpenAI’s latest fundi..
Business
Big banks add October cut to ECB forecasts
LONDON (Reuters) -Major brokerages, including Goldman Sachs and JPMorgan, now expect the European Central Bank to deliver a qua..
Headlines
Thailand’s Central Group takes over Swiss department stores Globus
BERLIN (Reuters) – Thai retail and property conglomerate Central Group said on Monday it will take over the operational b..
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Labour’s move to tax private education leaves Britain divided
By Sarah Young MALVERN, England (Reuters) – Mark Manwaring-White, 67, had been hoping to retire but a policy introduced b..
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Grifols plans to invest $402 million in new industrial centre, El Economista says
(Reuters) – Spanish drugmaker Grifols plans to invest 360 million euros ($401.98 million) to build a new industrial plant..
Business
UK house prices rise 0.7% in September, Nationwide says
LONDON (Reuters) -British house prices rose by a higher-than-expected 0.7% in September from August, with the annual growth rat..
Finance
Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
(Reuters) – TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compat..
Technology
UK business confidence falls from eight-year high, Lloyds says
By David Milliken LONDON (Reuters) – British business confidence ebbed slightly this month after reaching an eight-year h..
Headlines
Spotify back up after outage hits over 40,000 users
(Reuters) -Audio streaming platform Spotify was back up after an approximate three-hour-long outage on Sunday, which at its pea..
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Dollar drops after inflation data, Yen rebounds on Ishiba win
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened on Friday after a reading of U.S. inflation indicated price pressures con..
Finance