(Reuters) -The UK’s FTSE 100 closed lower on Thursday as rising bond yields pressured equities and continued uncertainty over U.S. tariffs clouded the outlook for global markets. The blue-chip FTSE 100 dropped 0.8%, while the domestically focussed FTSE 250 climbed 0.2%. Banking shares were the biggest drag, with the sector falling 2.7% after rising 1.8% …
Rising yields, tariff uncertainty pressure UK’s FTSE 100 Read More »
By Riham Alkousaa and Ahmad Ghaddar BERLIN (Reuters) -Germany’s antitrust watchdog said it was investigating the impact of price information services provided by Argus Media and S&P Global on the oil wholesale market, after an initial investigation raised pricing and competition concerns. Price quotations are usually linked to wholesale procurement contracts and can indirectly influence …
Germany probes Argus Media, S&P Global over oil market pricing concerns Read More »
(Reuters) -Informa, a British events and academic publishing group, said on Thursday 2025 would be another year of double-digit percentage growth, after reporting an 11.6% rise in 2024 underlying revenue and agreeing a partnership with Dubai World Trade Centre (DWTC). The events sector has experienced a rebound in the last two years, with a notable …
Informa sees more growth in 2025, will partner Dubai World Trade Centre Read More »
COPENHAGEN (Reuters) – Denmark’s central bank cut its key interest rate by 25 basis points to 2.10% on Thursday, following the European Central Bank’s decision earlier in the day to cut euro zone rates. “The interest rate reduction is a consequence of the reduction by the European Central Bank of its main monetary policy rate, …
Denmark’s central bank cuts key interest rate by 25 basis points Read More »
By Suban Abdulla LONDON (Reuters) -Bank of England policymaker Catherine Mann said on Thursday a pick up in inflation was unlikely to lead to longer-term price problems in Britain’s economy, and that global volatility had weakened the case for a gradual approach to cutting rates. “I judged that wage and price setters are more likely …
UK inflation hump unlikely to lead to long-term price pressures, BoE’s Mann says Read More »
By Danilo Masoni and Gianluca Lo Nostro MILAN (Reuters) -Shares in Franco-British satellite operator Eutelsat rose on Thursday, bringing gains over four days to near 650% in a rally that bears the hallmarks of retail traders amplifying moves on a highly shorted stock. Suggestions the company could replace Elon Musk’s Starlink in providing internet access …
‘Gamestop effect’: retail traders seen behind Eutelsat’s 650% surge Read More »
By Lisa Pauline Mattackal and Johann M Cherian (Reuters) – U.S. chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year, with investors moving their focus to software companies in search of the next best thing in the AI play. Tariff-driven volatility and a …
As US chip darlings struggle, some bet on software as next big AI play Read More »
By Tom Sims FRANKFURT (Reuters) -Germany’s top bankers on Thursday warned Berlin that giant spending plans for infrastructure and defence need to be accompanied by overhauls to cut red tape to get their maximum punch. This week, the parties hoping to form Germany’s next government agreed to create a 500-billion-euro infrastructure fund and overhaul borrowing …
German banks warn Berlin that red tape may curb spending plans Read More »
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde said on Thursday she expected any decision by Western countries on what to do with currently-frozen Russian assets would take into account international law. European leaders want to use $300-350 billion of Russian assets – mostly European, U.S. and British government bonds – to help rebuild …
Legal basis matters for moves on Russian assets, Lagarde says Read More »
By Sergio Goncalves LISBON (Reuters) -Novo Banco, Portugal’s fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said it would begin distributing 60% of earnings in dividends. CEO Mark Bourke said the bank’s performance positioned it for an IPO and told …
Portugal’s Novo Banco hits record profit ahead of IPO Read More »
