HONG KONG (Reuters) – Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in …
Singapore, Zurich world’s most expensive cities – EIU Read More »
By Ron Bousso, Sarah McFarlane and Dmitry Zhdannikov LONDON(Reuters) – BP’s search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board’s probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. …
BP’s search for new CEO to extend into next year as Looney probe drags on Read More »
By Naomi Rovnick LONDON (Reuters) – November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of inflation falling and central banks lowering interest rates. MSCI’s world stock index is set to close the month up …
Goldilocks meets Santa as global stocks power to best month in three years Read More »
By Andrey Sychev (Reuters) -Siltronic expects sales and profitability to grow significantly in the next five years thanks to mega-trends such as artificial intelligence, digitalization, and electromobility, the company said in a strategy update on Thursday. The mega-trends “will lead to a strong increase in demand for semiconductors and therefore also for wafers,” the company, …
Siltronic sees sales boost from AI and electromobility Read More »
By Sinead Cruise LONDON (Reuters) – Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan aimed to “democratise finance” and increase access to markets. Robinhood grabbed the attention of millions during a 2021 retail trading frenzy in the United States, …
Robinhood opens in Britain with low-cost US trading to woo clients Read More »
By Shashwat Chauhan (Reuters) -UK’s exporter-heavy FTSE 100 was muted on Thursday as energy giants rose tracking higher crude prices, somewhat countering broader market weakness while investors waited for an inflation data reading in the United States. Paring initial gains, the blue-chip FTSE 100 held steady at 7424.45 points, hitting its lowest level since November …
UK’s FTSE 100 flat as energy gains limit broader losses ahead of U.S. inflation Read More »
By Maria Martinez (Reuters) -The number of unemployed people in Germany rose in line with analysts’ expectations in November, Labour Office figures showed on Thursday. The Federal Labour Office said the number of people out ofwork increased by 22,000 in seasonally adjusted terms to 2.702 million. Analysts polled by Reuters had expected the total to …
German unemployment rises in November amid economic downturn Read More »
FRANKFURT (Reuters) – Euro banknotes are set to get a new design with themes focused on European culture, birds and rivers in an effort to make them more relatable, the European Central Bank said on Thursday. Due towards the end of the decade at the earliest, the banknotes are also aimed at reassuring the public …
AMSTERDAM (Reuters) -The Dutch government on Thursday said it would sell some of its shares in lender ABN Amro , reducing its stake to around 40%. The Dutch state currently holds 49.5% of the shares in ABN Amro, one of three dominant banks in the Netherlands, following a bailout in the 2008 financial crisis. The …
(Corrects Wennink’s age in paragraph 2) By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) – ASML Chief Executive Peter Wennink will retire at the end of his term next April to be replaced by company veteran Christophe Fouquet, the Dutch semiconductor equipment manufacturer said on Thursday. Wennink, 66, has overseen a period of blistering …
ASML boss Wennink to retire in April; veteran Fouquet to step up Read More »
