Ericsson books $3 billion impairment, says Q3 core profit fell 39%
STOCKHOLM (Reuters) -Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acqui..
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Travis Perkins shares sink as weak housing market prompts profit warning
By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit..
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Asia stocks hit 2-week high as Fed talk turns dovish
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish sh..
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Euribor revamp aims to attract wider pool of banks
By Marc Jones and Huw Jones LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp o..
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HP forecasts 2024 profit in line with estimates, boosts annual dividend
(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting ..
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Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broa..
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Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement
By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from wh..
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Estonia launches investigation into underwater communications cable malfunction -PM
(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under t..
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IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
By Andrea Shalal MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the ..
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Ireland lays out plans for 100 billion euro sovereign wealth fund
By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest p..
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Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032
By Gabrielle Tétrault-Farber NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, w..
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Bank of England to review how it stress tests banks
By Huw Jones LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said..
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IMF says ‘weak tail’ of banks could struggle in an economic downturn
By Pete Schroeder and Elisa Martinuzzi WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank int..
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Dollar stalls as dovish Fed and China hopes help euro
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as inves..
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Bank of England warns that some global asset valuations appear stretched
By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may b..
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Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essenti..
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Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructur..
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Dollar gains against euro in flight to safety on Israel-Palestinian fighting
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The safe-haven dollar rose on Monday against the euro and sterling ..
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Renewables funds see record outflows as rising rates, costs hit shares
By Patturaja Murugaboopathy and Tommy Wilkes BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the faste..
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Investors on guard for oil price spike as Middle East turmoil rattles markets
By Lewis Krauskopf and Naomi Rovnick (Reuters) -Fears of a widening conflict in the Middle East are threatening more volatility for i..
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GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion
By Maggie Fick and Andrew Silver LONDON/SHANGHAI (Reuters) – China’s largest vaccines company Zhifei will pay British dru..
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UK’s FTSE 100 outperforms peers as oil majors jump on Middle East conflict
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The commodity-heavy FTSE 100 was subdued on Monday, but outpaced its peers in Euro..
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Oil, gold jump, stocks slip on Middle East conflict
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global sto..
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European stocks slip amid Middle East conflict jitters
By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) – European stocks came under pressure on Monday as Mideast military..
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Apollo, JB Capital preparing bid for Vodafone’s Spanish unit, Expansion says
MADRID (Reuters) – U.S.-based buyout fund Apollo Global Management is readying a bid with local fund JB Capital for the Spanish..
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Weight-loss drugs fuel boom for firms that fill syringes
By Maggie Fick LONDON (Reuters) – Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are ..
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Progress in reforming development banks ‘quite limited,’ new tool shows
By Andrea Shalal MARRAKECH, Morocco (Reuters) – A new tool launched on Monday to track reforms by the World Bank and the five b..
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Oil prices jump as Middle East violence rattles markets
By Andrew Hayley BEIJING (Reuters) -Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Isr..
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Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal
By Michael Erman (Reuters) -Bristol-Myers Squibb on Sunday said it will acquire cancer drugmaker Mirati Therapeutics for up to $5.8 bi..
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‘Get Britain building again’, UK’s Labour sets out growth plan
By Elizabeth Piper, Alistair Smout and Andrew MacAskill LIVERPOOL, England (Reuters) – Britain’s opposition Labour Party w..
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UK bank regulator still pressing for Metro plan by Monday – source
By Elisa Martinuzzi, Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) -Britain’s Prudential Regulation Authority (PRA) is ..
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Explainer-Paris freaks out over bedbugs ahead of Olympic Games
PARIS (Reuters) – The French government is battling to contain a bout of nationwide panic over bedbugs in Paris just nine month..
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Blow-out U.S. jobs growth buoys dollar, hits stocks and bonds
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -A blowout U.S. jobs report on Friday sent the dollar higher and cast a pall o..
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US dollar set for 12th weekly gain after blowout jobs number
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained on Friday, headed for a 12th straight week of gains, after a..
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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..
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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 competit..
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Analysis-Is the US strategy of engaging China working?
By Michael Martina and Humeyra Pamuk WASHINGTON (Reuters) – Early in the Biden administration, U.S. Secretary of State Antony B..
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