MOSCOW (Reuters) – The Russian rouble weakened against the U.S. dollar on Monday after U.S. President Donald Trump said he was “pissed off” at Russian President Vladimir Putin and threatened buyers of Russian oil with tariffs. By 0920 GMT, the rouble was down 0.7% at 85.50 against the dollar in the over-the-counter market. The Russian …
Russian rouble weakens after Trump’s Russia comments Read More »
By Maria Martinez BERLIN (Reuters) -German retail sales in February exceeded expectations but a rise in import prices pointed to a looming surge in inflation, potentially dampening consumer spending, according to data published on Monday. Retail sales rose by 0.8% compared with the previous month, data showed on Monday. Analysts polled by Reuters had predicted …
German retail sales rise but import prices cloud outlook Read More »
(Reuters) -Daily Mirror publisher Reach Plc said on Monday that Chief Executive Officer Jim Mullen would step down immediately after five-and-a-half years at the helm, and be replaced by Chief Revenue Officer Piers North. Shares in the company, which has a catalogue of more than 120 print and online titles, fell as much as 6.6% …
Daily Mirror publisher Reach CEO to step down, revenue officer takes helm Read More »
ROME (Reuters) – The Bank of Italy will pay around 644 million euros ($697.65 million) into state coffers despite posting a 2024 gross loss of 7.3 billion euros due to the European Central Bank’s restrictive monetary policy, governor Fabio Panetta said on Monday. The Bank of Italy’s financial results announced by Panetta showed a net …
Italy cenbank to pay state 644 million euros despite 2024 loss of 7.3 billion Read More »
SHANGHAI (Reuters) – French cosmetics giant L’Oreal is aiming for around 5% growth in China this year, its North Asia chief executive Vincent Boinay said on Monday, pointing to encouraging signs in the market at the start of the year. Speaking at a conference in Shanghai, Boinay added that the target was also in line …
BRATISLAVA (Reuters) -Russia’s Gazprom will substantially increase gas supplies to Slovakia through the TurkStream pipeline from April, the CEO of Slovak importer SPP Vojtech Ferencz told reporters on Monday. Gazprom began supplying gas to Slovakia again at the beginning of February, using volumes given up by Hungary on the TurkStream pipeline, SPP said last month. …
Gazprom to increase gas supplies through TurkStream from April, Slovak SPP says Read More »
ROME (Reuters) – High uncertainty, mainly due to U.S. trade policy announcements, means the European Central Bank needs to be cautious in reducing its interest rates, governing council member Fabio Panetta said on Monday. The ECB has cut interest rates six times since last June but provided few signals about its next move after the …
ECB’s Panetta: U.S. trade policy calls for ECB caution in cutting rates Read More »
LONDON (Reuters) – British airline Virgin Atlantic said it was starting to see some signals that demand was slowing in the United States after a strong start to 2025. “I think we’ve seen very strong trading for the first quarter,” Chief Financial Officer Oli Byers said after the airline reported full-year results on Monday. “In …
Virgin Atlantic sees signals of slowing US demand Read More »
(Reuters) -Britain’s Pets at Home Group on Monday said it expects its fiscal 2026 underlying pretax profit to plunge due to rising costs and subdued demand for pet accessories, sending shares down by as much as about 15% in early trading. The rising cost of living and an uncertain economic environment have prompted UK consumers …
UK’s Pets at Home warns of profit decline amid rising costs and weak demand Read More »
AMSTERDAM (Reuters) -Dutch natural gas grid operator Gasunie on Monday said it expects to invest around 12 billion euros ($13 billion) through 2030 to help accelerate the energy transition and stop major industries leaving the Netherlands. Gasunie said two thirds of its investment would be for infrastructure for sustainable gases, like hydrogen and biomethane, while …
Dutch Gasunie expects to invest $13 billion in power grid through 2030 Read More »
