Baer says exposure to single group tops 600 million francs, as Signa crisis deepens
ZURICH (Reuters) -Julius Baer, which has been expected to write down some loans to troubled property group Signa, said on Monday it h..
Business
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Marketmind: Markets turn risk-averse after bumper month
A look at the day ahead in European and global markets from Wayne Cole. Asia started Monday in hesitant fashion and has turned steadi..
News
BoE’s Bailey says getting inflation to 2% will be ‘hard work’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be &#..
Finance
Stocks snooze in Thanksgiving lull, still on course for best month in three years
By Naomi Rovnick and Stella Qiu LONDON/SYDNEY (Reuters) -Global shares drifted on Friday in the absence of guidance from Wall Street,..
Headlines
Dollar eases in thin Black Friday trading on bets rates have peaked
By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar slipped on Friday as investors bet U.S. interest rate..
Finance
China offers visa-free entry for citizens of France, Germany, Italy
By Ethan Wang and Joe Cash BEIJING (Reuters) -China will temporarily exempt citizens of France, Germany, Italy, the Netherlands, Spai..
Headlines
Global equity funds attract inflows on hopes for end to Fed rate rises
(Reuters) – Global equity funds attracted robust inflows in the seven days leading to Nov. 22, spurred by growing expectations ..
News
Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the..
Technology
Factbox-UK’s Hunt sets out plans to boost economic growth
LONDON (Reuters) – British finance minister Jeremy Hunt announced on Wednesday cuts to personal taxation and efforts to boost b..
Headlines
BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge
November 19 saw BSC record more than 9.5M transactions in a single day Earlier in the week, BSC demonstrated gas price stability duri..
Finance
Maersk enters deal for half a million tonnes of green methanol annually
By Johannes Birkebaek COPENHAGEN (Reuters) -Maersk on Wednesday announced it had entered into the shipping industry’s first lar..
Headlines
US stocks edge higher ahead of holiday, crude tumbles
By Stephen Culp NEW YORK (Reuters) -U.S. stocks resumed their uphill climb led by interest rate sensitive megacaps on Wednesday, whil..
Headlines
Nvidia shares drop as China worries overshadow stellar forecast
By Arsheeya Bajwa and Chavi Mehta (Reuters) – Nvidia shares fell nearly 4% on Wednesday on fears that widening U.S. chip curbs ..
Headlines
Dollar strengthens after U.S. labor, consumer sentiment data
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday, bouncing back from a 2-1/2 month low after econom..
Headlines
Temu, Shein far lag Amazon as online holiday shopping ramps up
By Arriana McLymore NEW YORK (Reuters) – Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to..
Headlines
FTSE 100 snaps two-day losing streak on Sage results
By Khushi Singh (Reuters) -The UK’s FTSE 100 rose on Wednesday, as higher prices of gold spurred an uptick in precious metal mi..
Finance
Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval
(Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discuss..
Technology
Euro zone’s shadow banks face risk of margin calls, ECB says
FRANKFURT (Reuters) – Euro zone shadow banks face the risk of receiving large margin calls or client redemptions they cannot me..
News
DIY retailer Kingfisher cuts profit outlook again on weak French market
By James Davey LONDON (Reuters) -European home improvement retailer Kingfisher on Wednesday downgraded its full-year profit outlook f..
News
Enel to invest 36 billion euros by 2026, be more selective on renewables
By Francesca Landini MILAN (Reuters) -Italy’s Enel plans 35.8 billion euros ($39 billion) gross capital expenditure in the next..
Business
EU lawmakers urge COP28 climate summit to take aim at fossil fuels
By Kate Abnett BRUSSELS (Reuters) – The European Parliament called on Tuesday for a global deal at the U.N. COP28 climate summi..
Business
Britain to launch South Korea trade talks as president visits
By Alistair Smout LONDON (Reuters) -Britain rolled out the red carpet for South Korea’s president on Tuesday at the start of a ..
Featured
Siemens Energy’s struggling wind unit plans $436 million in cost cuts
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Gamesa, the struggling wind division of Germany’..
Business
Explainer-Why calls for oil embargo on Israel are unlikely to go anywhere
By Ahmad Ghaddar LONDON (Reuters) -Israel’s military offensive in Gaza following an Oct. 7 attack by the enclave’s ruling..
News
How much do finance majors make
In the dynamic landscape of career choices, finance majors stand out as individuals with a keen understanding of economic intricacies..
Business
What is AUM in Finance?
In the ever-evolving landscape of finance, certain terms take center stage, and one such term that has gained significant prominence ..
Finance
BBC scraps UK Top Gear show for ‘foreseeable future’ following crash
LONDON (Reuters) – The British version of the globally popular BBC car show ‘Top Gear’ will not return for the fore..
Business
Spain’s Grenergy to expand in US under $2.8 billion plan
By Pietro Lombardi MADRID (Reuters) – Spain’s Grenergy plans to more than double its U.S. solar power generation projects..
News
Firmer pound weighs on FTSE 100 ahead of interim budget; Ashtead tanks
By Siddarth S and Shashwat Chauhan (Reuters) -UK’s FTSE 100 dipped on Monday, weighed by a stronger pound and a slide in shares..
Headlines
European shares inch up after robust week; Bayer tanks
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -European shares edged higher on Monday after a strong week driven by aggressive ..
Headlines
From Lululemon to Birkenstock, duplicate styles lure holiday shoppers
By Katherine Masters NEW YORK (Reuters) – Lauren Maginness is a fan of Lululemon. But the 31-year-old product marketer in New Y..
Headlines
Brent, US crude futures climb over 2% as OPEC cuts expected
By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further suppl..
Headlines
OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist
By Jeffrey Dastin, Anna Tong and Stephanie Kelly SAN FRANCISCO (Reuters) -OpenAI named ex-Twitch boss Emmett Shear as interim CEO, wh..
Headlines
Factbox-German budget crisis tests limits of its ‘debt brake’
BERLIN (Reuters) – Germany’s constitutional court ruled last week that the coalition government’s decision to re-al..
Headlines
Paying the future forward: Open banking takes centre stage
“Open banking is transforming how businesses and customers interact with financial data. Customers have more control over who has acc..
Finance
Who is OpenAI interim CEO Emmett Shear?
(Reuters) -ChatGPT-maker OpenAI has named ex-Twitch boss Emmett Shear as its interim chief executive officer after the startup ousted..
Technology
UK says new science initiative to work on climate-resilient crops
LONDON (Reuters) – British Prime Minister Rishi Sunak will announce a new science initiative to bring together work on d..
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