FRANKFURT (Reuters) – The European Central Bank is launching a fresh strategy assessment seen covering some big questions on the way it works – from whether massive bond buys remain a good policy tool, to what role it should play in the fight against climate change. These are the policy areas likely to be under …
Explainer-ECB to tackle fundamental questions in strategy assessment Read More »
A look at the day ahead in European and global markets from Ankur Banerjee The euro hit a five-month peak and European bourses were poised to open higher on Wednesday as progress towards a ceasefire in Ukraine bolstered investor sentiment, but worries lingered that tit-for-tat tariffs could trigger a recession. The U.S. said it would …
Morning Bid: Ukraine talks lift euro but tariff worries linger Read More »
(Reuters) – Goldman Sachs has trimmed its 2025 year-end target for the S&P 500 Index to 6,200 from 6,500 in a note dated March 11, citing policy uncertainty largely related to tariffs and concerns about the economic growth outlook. The benchmark S&P 500 was briefly on track to confirm a correction on Tuesday after U.S. …
Goldman sachs cuts S&P 500 2025 year-end target to 6200 Read More »
By Georgina McCartney HOUSTON (Reuters) – European buyers are unlikely to return to Russia’s energy sector if sanctions are lifted, as the bloc has diversified its power mix with renewable energy and alternative gas suppliers, ministers and executives said at a conference in Houston. Ukraine has agreed to accept a U.S. proposal for an immediate …
Europe seeks to avoid Russian energy if sanctions eased, ministers and execs say Read More »
(Reuters) – Mercedes-Benz said on Tuesday it has appointed Jason Hoff to the newly created role of North America CEO, effective May 1 as the German maker looks to strengthen its focus on the U.S., its second-largest market. Hoff, currently Head of Quality for Mercedes-Benz Cars & Vans, will be responsible for the overall strategic …
Mercedes-Benz names Jason Hoff to newly created position of North America CEO Read More »
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) – Market upheaval from U.S. President Donald Trump’s protectionist trade policies has not dampened foreign investment interest in the U.S. energy industry, executives said this week, as they lauded his promise to cut regulations and support fossil fuels. Trump has made energy dominance a pillar of his …
Global companies eye more US investment as Trump touts energy dominance Read More »
LONDON (Reuters) – Nationwide Building Society said on Tuesday it would give more than 12 million of its members a one-off 50 pound ($64.52) handout as a “thank-you” for supporting its 2.9 billion pound takeover of Virgin Money last year. The deal, which was announced just over a year ago and was cleared by competition …
Nationwide hands $774 million payout to members following milestone takeover Read More »
By Elizabeth Howcroft (Reuters) – Germany’s Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients from next month, the company said on Tuesday, becoming the latest firm to offer custody management for bitcoin and ether. The service aims to allow crypto trading from various trading venues to be settled and held in …
Deutsche Boerse’s Clearstream to offer bitcoin and ether custody services Read More »
ZURICH (Reuters) – The Swiss upper house of parliament late on Monday narrowly backed a motion to limit bankers’ total annual compensation to between 3 and 5 million Swiss francs ($3.4-5.7 million), a sum significantly below what the best-paid earn today. By a vote of 21 in favour and 19 against, the measure initially proposed …
Swiss upper house backs motion capping bankers’ pay Read More »
MADRID (Reuters) – Spain’s government approved a bill on Tuesday imposing massive fines on companies that use content generated by artificial intelligence (AI) without properly labelling it as such, in a bid to curb the use of so-called “deepfakes”. The bill adopts guidelines from the European Union’s landmark AI Act imposing strict transparency obligations on …
Spain to impose massive fines for not labelling AI-generated content Read More »
