OSLO (Reuters) – Finland’s President Alexander Stubb has appointed Olli Rehn to a second seven-year term as head of Finland’s central bank, the government said in a statement on Friday. Rehn will also retain his seat on the European Central Bank’s (ECB) governing council, which decides monetary policy for the euro zone. Governor since 2018, …
Olli Rehn wins new term as Bank of Finland governor, ECB policy maker Read More »
By Aby Jose Koilparambil (Reuters) -British homebuilder Berkeley said the extensive regulatory changes taking place in the country’s housing sector were putting substantial pressure on new home deliveries as it reported a modest improvement in homebuyer demand on Friday. The company said homebuyer enquiries were at a “consistently good level”, and that it had seen …
Berkeley warns UK regulatory changes pressure housebuilding Read More »
By Tristan Veyet and Paolo Laudani (Reuters) -Insurer Swiss Life posted a higher fee result for 2024 on Friday, boosted by strong performance of its asset management business, but its shares fell in early trading weighed down by their already high price. “Swiss Life has delivered solid results,” analysts at Vontobel wrote, but stuck to …
Swiss Life’s positive fee result not enough to hold up highly valued stock Read More »
MOSCOW (Reuters) – Global oil demand will pick up in the next months with the summer driving season, Russia’s top oil official said, adding that this was factored into the OPEC+ producer group’s decision to release more oil into the market. Russia is reducing its output as part of the OPEC+ group, which decided this …
Russia’s Novak: Oil demand to pick up during driving season Read More »
(Reuters) -French inflation dropped below 1% for the first time in four years in February, final data from statistics office INSEE showed on Friday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.9% year-on-year in February, in line with analysts’ expectations and the preliminary reading published at the end of …
French inflation below 1% for first time in 4 years in February Read More »
MILAN (Reuters) – Stellantis and Iveco said on Friday they have agreed for the automaker to supply the Italian truckmaker two fully-electric (EV) van models, helping Iveco further expand its EV van range in Europe. Sales of Iveco-badged vans produced by Stellantis are expected to start by mid-2026, based on a ten-year supply, the companies …
Stellantis to supply Italy’s Iveco with two EV vans for Europe Read More »
(Reuters) -Russia’s Rusal on Friday reported a near three-fold jump in its annual earnings, reflecting lower production costs and higher prices for aluminium. Hong Kong-listed Rusal, the world’s largest aluminium producer outside China, is under pressure from the widespread consequences of Western sanctions against Russia over its actions in Ukraine. Rusal’s shares, trading near their …
Aluminium giant Rusal posts near three-fold profit jump as costs drop Read More »
(Reuters) – Spain’s European Union-harmonised 12-month inflation rate remained unchanged at 2.9% in February from the period through January, final data released by the National Statistics Institute, or INE, showed on Friday. The INE’s final data of 2.9% confirmed the flash reading of 12-month European Union-harmonised inflation released two weeks ago and the average estimate …
Spain’s 12-month EU-harmonised inflation unchanged at 2.9% in February Read More »
BUDAPEST (Reuters) – Hungary should take part in common European defence policy and contribute funds to it, but should not agree to joint borrowing by the European Union, Prime Minister Viktor Orban told state radio on Friday, ahead of an EU summit next week. European leaders backed plans last week to spend more on defence …
Hungary supports common European defence policy but not joint borrowing, PM Orban says Read More »
FRANKFURT (Reuters) – Commerzbank said on Friday that the European Central Bank’s authorization for UniCredit to increase its stake in the German bank to just under 30% does not change the “fundamental situation”. Commerzbank remains focused on its strategy, a spokesperson said. (Reporting by Tom Sims; Editing by Ludwig Burger)
