US dollar retreats after weak economic data; yen gets minor relief
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen edged up from a 38-year low against the U.S. dolla..
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Chinese-owned chipmaker Nexperia invests $200 million in European expansion
By Toby Sterling AMSTERDAM/HAMBURG (Reuters) – Nexperia, one of the world’s largest makers of basic semiconductors such a..
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UBS’s new wealth management co-leaders announce reshuffle
By Noele Illien and Oliver Hirt ZURICH (Reuters) – UBS is making changes to its wealth management arm, the division’s new..
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UK retailer Halfords posts lower annual profit
(Reuters) -British bicycle and car products retailer Halfords Group reported a fall in annual profit on Thursday as footfall across i..
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Nokia sells submarine networks business ASN to French state
COPENHAGEN (Reuters) – Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for..
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BP halts hiring, slows renewables roll-out to win over investors
By Ron Bousso LONDON (Reuters) – BP’s new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind..
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SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports
(Reuters) – Japanese technology investor SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 mil..
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Dollar hits 38-year high vs yen; stocks mostly ease
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar hit a fresh 38-year high against the Japanese yen on Wednesday, with investor..
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Euro zone yields edge up before inflation data, caution over France
By Stefano Rebaudo (Reuters) -Euro zone government bond yields rose on Wednesday as investors awaited inflation data from the Unite..
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Yen tumbles to 38-year low vs dollar as likely Japan intervention looms
By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) – The yen dropped to its lowest against the U.S. do..
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UK retail sales go into reverse this month, CBI survey shows
(Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry s..
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Aussie dollar jumps on inflation spike, while yen stays under pressure
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on ..
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Exclusive-Doordash held talks with UK’s Deliveroo on takeover, sources say
By Amy-Jo Crowley and Abigail Summerville LONDON (Reuters) – U.S. meal delivery group Doordash flagged an interest in a takeove..
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Miner BHP’s carbon emissions to rise slightly this year
By Melanie Burton MELBOURNE (Reuters) -BHP Group’s operational carbon emissions are set for a “small increase” this..
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Analysis-France may be next test of the euro’s foundations
By Francesco Canepa and Leigh Thomas FRANKFURT/PARIS (Reuters) – “Because it’s France” was how Jean-Claude Ju..
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Oil ticks up on inventory drawdown outlook, Middle East risks
SINGAPORE (Reuters) -Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopo..
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Covestro eyes 400 million eur in cost cuts after ADNOC talks intensify
(Reuters) – Covestro, the German chemicals maker in talks to be acquired by ADNOC, on Tuesday launched an efficiency programme ..
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Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, filing shows
TOKYO (Reuters) – Toyota sold $2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japa..
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Oil prices steady as inflation worries limit summer demand optimism
By Emily Chow SINGAPORE (Reuters) – Oil prices were little changed on Tuesday after rising in the previous session as investors..
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Asian shares subdued, yen hits record low versus euro
By Stella Qiu SYDNEY (Reuters) – Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, ..
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China’s BYD launches third EV model in Japan
TOKYO (Reuters) -China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most ex..
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London’s FTSE 100 flat; energy, miners lead decline
(Reuters) – London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United S..
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Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
(Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group..
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Prosus full-year core headline earnings jump 84%
(Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong perf..
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Oil eases as strong dollar weighs on commodities markets
By Florence Tan SINGAPORE (Reuters) -Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and ..
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German residential property prices keep falling in Q1
(Adds missing economist name in paragraph 6) BERLIN (Reuters) -German residential property prices continued to fall in the first quar..
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UK’s Britvic rejects revised takeover proposal from Carlsberg
(Reuters) – British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the ..
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Analysis-Consumer-focused lending under Labour could dent UK bank profits
By Sinead Cruise and Lawrence White LONDON (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lender..
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Asian shares end the week with a whimper, yen back to intervention watch
By Stella Qiu SYDNEY (Reuters) -Asian shares are ending the week with a whimper after a recent rally to 26-month highs drew profit-ta..
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Swiss National Bank presses ahead as rate cutting front-runner
By John Revill ZURICH(Reuters) -The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easin..
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Analysis-UK markets jolted back to life by rate cut hopes, election buzz
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Traders upped bets for a Bank of England rate cut in August, helping to u..
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Accenture forecasts 2024 revenue growth above estimates on AI demand
Accenture forecasts 2024 revenue growth above estimates on AI demand (Reuters) -IT services provider Accenture projected annual revenu..
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Italy boosts crypto risk oversight and toughens sanctions, draft shows
ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines fo..
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Morning Bid: Bailey likely to bail on rate change
A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for t..
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Credit Suisse collapse showed weakness in regulatory framework: SNB
ZURICH (Reuters) – The collapse of Swiss bank Credit Suisse last year has highlighted weaknesses in the regulatory framework, t..
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Asian stocks hold on to gains; BoE in focus
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks took a breather on Thursday, hovering near their highest in two years as t..
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UK election pledges fall short of $48 billion health funding gap, think tank says
LONDON (Reuters) – Election pledges by Britain’s governing Conservatives and the opposition Labour Party do not set out h..
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