By Libby George and Rodrigo Campos LONDON (Reuters) – War-torn countries, those with high levels of debt and U.S. allies such as Jordan have the most to lose if the United States Agency for International Development is dismantled, as proposed by the Trump administration. USAID has provided significant budgetary support in Ukraine and Jordan in …
Emerging economies most vulnerable to USAID elimination Read More »
By Tristan Veyet (Reuters) – Metals recycling and battery materials group Umicore reported a bigger than expected drop in its annual profit on Friday, hit by declining metal prices and muted growth in demand for electric vehicles. Shares of the company, which supplies catalytic converters and battery materials for automakers, fell 11% by 0956 GMT, …
Umicore’s profit slumps as slow EV demand weighs on battery materials unit Read More »
By Sinead Cruise and Yadarisa Shabong LONDON (Reuters) – British bank NatWest reported forecast-beating annual profit on Friday, boosted by progress in its growth strategy, productivity and capital management which bosses said could pave the way for fresh acquisitions and higher investor returns. NatWest – which once boasted assets of 2.2 trillion pounds, more than …
British lender NatWest posts better than expected annual profit Read More »
(Reuters) -Goldman Sachs raised its 12-month price forecast for Europe’s STOXX 600 index on Friday, citing the potential benefits of a peace deal between Russia and Ukraine for the region’s equities. The brokerage raised its forecast to 580 from 540. “For European equities, we see a number of potential benefits – lower risk premium, lower …
Goldman Sachs raises 12-month STOXX 600 forecast on Russia-Ukraine peace deal potential Read More »
By Oliver Hirt ZURICH (Reuters) – Artificial intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology’s potential to process information vastly reduces the hurdles required to compete with established banks. AI’s ability to condense financial data will allow just a few people to offer services that previously occupied entire …
AI to transform wealth management, Microsoft executive says Read More »
(Reuters) -The pan-European warehousing group Segro said on Friday that the increased demand it had seen from tenants in late 2024 has continued into the early weeks of this year, after reporting a 15% jump in 2024 profit, slightly below the market view. Shares in the FTSE 100 firm, which have gained more than 21% …
Warehousing group Segro upbeat on occupier demand after profit jump Read More »
By Elizabeth Howcroft PARIS (Reuters) – Fake news generated by artificial intelligence and spread on social media is heightening the risks of bank runs, according to a new British study that says lenders must improve monitoring to detect when disinformation risks impacting customer behaviour. Generative AI can be used to create fake news stories saying …
AI-generated content raises risks of more bank runs, UK study shows Read More »
(Reuters) – Spain’s European Union-harmonised 12-month inflation rate rose to 2.9% in January from 2.8% in the period through December, 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 …
Spain’s EU-harmonised 12-month inflation rises to 2.9% in January Read More »
MADRID (Reuters) – Spanish lender BBVA has hired investment bank Rothschild to sell part of its majority stake in the Crea Madrid Nuevo Norte (Crea MNN) real estate project, newspaper Cinco Dias reported on Friday. BBVA aims to incorporate an investment partner into Crea MNN to help to launch the development plan in the Spanish …
Spain’s BBVA plans to reduce stake in Madrid real estate project, Cinco Dias reports Read More »
PARIS (Reuters) -French jet engine maker Safran raised its profit and cash forecasts for 2025 on Friday, after posting a 30% jump in annual core income led by increased air traffic. Safran reported 4.119 billion euros ($4.31 billion) in recurring operating income for the 12 months ended December 31, as sales rose 18% to 27.317 …
France’s Safran raises 2025 outlook after air traffic lifts profit Read More »
