FRANKFURT (Reuters) -Inflation in March came in far below forecasts in two of the euro zone’s largest economies, data showed on Friday, while consumer expectations for price growth remained muted, bolstering bets for another European Central Bank rate cut. The ECB has cut interest rates six times since June and markets now see an 80% …
France and Spain inflation data, ECB survey bolster case for rate cuts Read More »
ROME (Reuters) – Morale among Italian businesses and consumers slumped in March, data showed on Friday, casting a shadow over already weak growth prospects for the euro zone’s third largest economy. National statistics bureau ISTAT’s composite business confidence index, combining surveys of the manufacturing, retail, construction and services sectors, fell to 93.3 from 94.7 the …
Italy business and consumer morale slump in March as outlook worsens Read More »
FRANKFURT (Reuters) – The economic outlook for the euro zone is complicated by fears about a trade war with the United States but at least inflation is heading down towards the European Central Bank’s 2% target, the ECB’s vice-president, Luis de Guindos, said on Friday. “We have good news on inflation,” de Guindos told a …
ECB’s de Guindos sees ‘good news’ on inflation amid trade fears Read More »
(Reuters) – Spain’s annual inflation rate has fallen this month to its slowest pace since October as heavy rains boosted hydropower output, bringing down electricity prices, preliminary data from the National Statistics Institute (INE) showed on Friday. The 12-month EU-harmonised inflation rate fell to 2.2% in March from 2.9% in February, INE said, while the …
Spain’s annual inflation rate falls to 2.2% in March, slowest in five months Read More »
(Reuters) – Spanish insurance company Catalana Occidente’s majority shareholder Inoc on Thursday a launched a bid to buy the shares in the company it does not own to eventually delist it. Inoc, which already holds a 62.03% stake in the 5.05 billion euro company, offered 50 euros ($53.93) per share, represents a premium of 18.3% …
Catalana Occidente’s majority shareholder launches bid, plans to delist shares Read More »
By Raechel Thankam Job and Shashwat Awasthi (Reuters) – Britain’s SSE on Friday named Martin Pibworth as its chief executive designate, tasking the company veteran with leading the utility’s renewables push and helping the UK deliver on its decarbonisation goals. Pibworth, 51, joined SSE in 1998 and is currently its chief commercial officer, overseeing SSE’s …
UK’s SSE promotes company veteran Pibworth to CEO Read More »
By Stefania Spezzati, Christoph Steitz and Tom Sims FRANKFURT (Reuters) -Deutsche Bank has extended CEO Christian Sewing’s contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany’s largest lender for the next phase of its turnaround. The array of announcements, made on Thursday …
Deutsche Bank extends CEO’s mandate and revamps board in crucial year Read More »
(Reuters) -French consumer prices rose less than anticipated in March, as accelerating prices for services were offset by declining energy prices, preliminary data from statistics agency INSEE showed on Friday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, increased 0.9% year-on-year in March, unchanged from February, but below the average rise …
French preliminary inflation stable at 0.9% in March, below forecast Read More »
(Reuters) -French banking giant Societe Generale said on Friday it had appointed President Emmanuel Macron’s chief of staff Alexis Kohler as executive vice president, effective June 2025. Kohler, who has been Macron’s chief of staff since the start of his first term in 2017, will be responsible for leading M&A, equity capital markets and acquisition …
Macron’s chief of staff Alexis Kohler joins Societe Generale Read More »
DUBLIN (Reuters) – Irish consumer sentiment dropped to its lowest level in nine months in March as the prospect of U.S. tariffs on the European Union made consumers more nervous about the outlook for the economy and their own finances, a survey showed on Friday. The Credit Union Consumer Sentiment index fell to 67.5 from …
Irish consumer sentiment drops to nine-month low on tariff fears Read More »
