By Alessandro Parodi and Philip Blenkinsop (Reuters) – The European Union should reject European automakers’ push to weaken 2025 CO2 car emission targets and related fines, two European electric transport groups wrote in a letter to European Commission President Ursula von der Leyen on Friday. The letter, seen by Reuters, said the EU executive, which …
Electric transport groups urge EU not to ease CO2 emission rules Read More »
By Alun John and Naomi Rovnick LONDON (Reuters) -The outsized swings in markets on the back of Donald Trump’s every word on tariffs just weeks ago have faded to mere flickers, as investors switch their focus elsewhere, and bet against a full-scale trade war really materialising. There is a nagging doubt for others, however, that …
Market jitters over trade fade as investors call ‘Tariff Man’ Trump’s bluff Read More »
By Samuel Indyk and Lucy Raitano LONDON (Reuters) – European stocks have hit record highs this month, as companies have beat fourth-quarter revenue expectations, but the topic that dominates the conversation among executives in the region is U.S. tariffs. According to LSEG I/B/E/S, fourth-quarter earnings are expected to have increased 5.4% from the same period …
Trump tariffs threat overshadow Europe Inc’s solid Q4 Read More »
A look at the day ahead in European and global markets from Rae Wee Friday brings a slew of purchasing managers’ index (PMI) readings as investors in Germany count down to a general election on Sunday following the collapse of Chancellor Olaf Scholz’s three-way coalition. The euro zone and Britain get February PMI figures ahead …
Morning Bid: PMIs in the spotlight ahead of weekend German elections Read More »
By Selena Li HONG KONG (Reuters) – Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world’s second-largest economy. The discussions follow a warming in British-Sino relations and …
Exclusive-Abrdn to launch China asset management venture with Citic unit, sources say Read More »
By Danilo Masoni MILAN (Reuters) – Investors betting on a German economic recovery, helped by any post-election fiscal boost and the potential of an end to the war in Ukraine, are going all in on the midcap domestic stocks that could be the biggest long-term winners. That has made Germany’s MDAX index the barometer for …
Investors favour German midcap shares over blue chips on recovery bets Read More »
OSLO (Reuters) – Britain’s electricity distribution network is facing a fundamental role change to deliver the country’s net zero emissions target, requiring more proactive investments, a report from a government-appointed commission found on Friday. Distribution networks deliver electricity to homes and businesses and are highly regulated, with companies given an annual allowance for expenditures, so-called …
Report urges more proactive UK grid investments to help decarbonisation Read More »
LONDON (Reuters) – The number of job postings in the United Kingdom rose for the first time in seven months in January, a survey showed on Friday, suggesting the country’s jobs market might be weathering the hit from higher taxes on employers. The Recruitment & Employment Confederation said total active job postings rose to 1.52 …
UK job postings rise, easing some labour market gloom Read More »
LONDON (Reuters) – British consumers turned a little less pessimistic this month as the Bank of England’s latest interest rate cut led to an improvement in expectations for their household finances, according to a survey published on Friday. The monthly consumer confidence index published by market research firm GfK edged up in February to -20 …
Britons cheer up a bit, helped by Bank of England rate cut, survey shows Read More »
(Reuters) – Online travel agency Booking Holdings surpassed analysts’ expectation for fourth-quarter profit and revenue on Thursday, helped by booming demand for international travel, sending its shares up about 5% after the bell. Leisure travel in Europe, the company’s largest market, has remained healthy, led by both domestic and long-haul trips from wealthy American travelers. …
Booking Holdings beats fourth-quarter estimates on strong international travel demand Read More »
