BERLIN (Reuters) – Germany’s manufacturing sector contracted at the slowest rate in more than 2-1/2 years in April as output rose at the quickest rate for more than three years, a business survey showed on Friday. The HCOB Germany Manufacturing PMI compiled by S&P Global rose to 48.4 in April from 48.3 in March, taking …
German factory output shows signs of recovery in April – PMI Read More »
ROME (Reuters) -Italy’s long-running manufacturing contraction eased greatly in April, a survey showed on Friday, offering some hope of recovery despite the widespread uncertainty linked to U.S. trade policy. The HCOB Purchasing Managers’ Index (PMI) for manufacturing rose to 49.3 in April from 46.6 in March, marking the 13th straight month below the 50.0 threshold …
Italy’s manufacturing downturn eases in April, PMI shows Read More »
By Mateusz Rabiega and Jakob Van Calster (Reuters) -ING posted stronger-than-expected first-quarter profit and announced a 2 billion euro share buyback on Friday, lifting its shares and helping it recover most losses from an early April drop linked to U.S. tariff concerns. Shares rose 4.3% by 0720 GMT, easing from a 5.7% jump after what …
Dutch lender ING beats first quarter profit estimates, announces 2 billion euro buyback Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Denmark’s biggest lender Danske Bank reported forecast-beating first-quarter profits on Friday and said it expects the global trade war to have a moderate impact on its main Nordic markets, booting its shares. U.S. President Donald Trump’s tariffs have sown turmoil in financial markets and raised fears of a recession, prompting …
Danske Bank posts profit beat and expects moderate tariff impact in Nordic market Read More »
(Reuters) -Belgian supermarket chain Colruyt said on Friday its full-year result would likely miss forecasts due to stronger competition and lower than expected food inflation, leading to slower revenue growth. The company, which will publish its 2024-25 full-year results on June 17, said it expects an increase in consolidated revenue of about 1% for the …
Colruyt issues profit warning on stronger competition, lower food inflation Read More »
By Libby George and Karin Strohecker LONDON (Reuters) -The death of Pope Francis and global aid cuts led by the United States could complicate the work of a group of experts assembled by the Vatican to bring debt relief and a fairer financing system to the world’s poor. Developing countries are already grappling with shrinking …
Pope’s death, US aid cuts complicate Vatican’s debt relief push Read More »
(Reuters) -HistoSonics, a medical technology company backed by Johnson & Johnson, is exploring a potential sale at a valuation of more than $2.5 billion after receiving multiple takeover offers, the Financial Times reported on Friday. Medtronic, GE HealthCare and J&J itself are evaluating the business, the FT reported, citing people familiar with the matter. Final …
J&J-backed HistoSonics explores sale at $2.5 billion valuation, FT reports Read More »
A look at the day ahead in European and global markets from Ankur Banerjee A possible de-escalation of trade tensions between Beijing and Washington provided a fillip for markets on Friday, boosting risk sentiment and lifting stocks globally just as earnings from Apple delivered a reminder of the trade war’s true cost. China’s Commerce Ministry …
Morning Bid: Bright signs from Beijing, bad omens from Apple Read More »
By Curtis Williams HOUSTON (Reuters) -Venture Global has raised $3 billion in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said on Thursday. Venture Global is the U.S.’ second-largest LNG exporter and has played a key …
Venture Global raises $3 billion towards building CP2 Louisiana LNG plant Read More »
(Reuters) -Aerospace supplier Spirit AeroSystems on Thursday reported a drop in first-quarter revenue, hurt by slower production across most programs at its key customer Boeing. Spirit said production on the Boeing 737 program was higher early in the first quarter of 2024 as it prepared for expected rate increases, which were later delayed. Boeing is …
Spirit Aero first-quarter revenue falls amid slower Boeing production Read More »
