By Sneha Kumar (Reuters) -Shares of Australia’s Qantas Airways rose over 5% on Monday to a one-month high, tracking a drop in oil prices after OPEC+ signaled faster output hikes. Oil prices fell over $2 a barrel after OPEC+ agreed to boost output for a second straight month, despite sliding prices and weakening demand expectations. …
Australia’s Qantas jumps on oil price drop, easing fuel cost concerns Read More »
A look at the day ahead in European and global markets from Tom Westbrook The surging Taiwan dollar was the big mover in a holiday-thinned Asia session, kicking off a busy week of central bank decisions, key economic data and investors coming to grips with Warren Buffett’s departure from the top of Berkshire Hathaway. U.S. …
SYDNEY (Reuters) -Australian financial markets on Monday largely welcomed a historic win by the centre-left Labor Party as it strengthens the government’s hand in dealing with any serious threat to the economy from Donald Trump’s global trade war. Prime Minister Anthony Albanese secured a resounding victory in the nation’s general election on Saturday, riding a …
Australia markets welcome political stability under Labor as Trump 2.0 risks mount Read More »
By Gergely Szakacs BUDAPEST (Reuters) – The Hungarian government’s budget plans for the 2026 election year could be at risk if its economic growth assumptions prove too optimistic, the head of budget watchdog Fiscal Council told Reuters. Prime Minister Viktor Orban’s government forecasts 4.1% economic growth next year, well above the 3.2% economists’ consensus in …
(Reuters) -Jaguar Land Rover has restarted shipments of vehicles to the United States after pausing them in the face of U.S. President Donald Trump’s tariffs, London’s Times newspaper reported on Saturday. The first shipments of JLR vehicles bound for the U.S. for almost a month left Britain on Wednesday, the report said. A JLR spokesperson …
Jaguar Land Rover restarts car exports to the US, London’s Times reports Read More »
(Reuters) -Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter. The oil major has been more seriously discussing the feasibility …
Shell is studying merits of buying BP, Bloomberg News reports Read More »
By Jonathan Stempel and Suzanne McGee OMAHA, Nebraska (Reuters) -Before announcing his plan to step down as Berkshire Hathaway chief executive at the end of the year, Warren Buffett offered a fervent defense of trade on Saturday, saying tariffs should not be a “weapon” and the United States would be better off if other countries …
Buffett defends trade amid tariff pressures, as Berkshire cash sets record Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Tens of thousands of people are in Omaha, Nebraska, to attend the annual shareholder weekend for billionaire Warren Buffett’s Berkshire Hathaway. Buffett, 94, is expected to answer shareholder questions over four and a half hours at Berkshire’s annual meeting on Saturday. Vice Chairman Greg Abel, 62, who is …
Factbox-Warren Buffett and Berkshire Hathaway at a glance Read More »
MADRID (Reuters) -Spain will have to raise defence spending to 3% of gross domestic product, the European defence commissioner said in a newspaper interview published on Saturday, as European countries bend to pressure from U.S. President Donald Trump to spend more. The 23 members of the European Union, including Spain, who also belong to NATO …
Spain must raise defence spending to 3% of GDP, says EU defence chief Read More »
(Reuters) -North Sea-focused oil producer EnQuest will not make an offer for UK’s Serica Energy, the companies said on Friday, as the two could not agree on favourable terms in time amid market volatility. EnQuest shares were down about 5% at 13.14 pence, while Serica shares were up 0.3% at 127 pence at 1623 GMT. …
EnQuest bows out of Serica deal as market jitters hinder agreement on terms Read More »
