By Balazs Koranyi ZAGREB (Reuters) – The European Central Bank could cut interest rates three more times this year even if its U.S. counterpart moves more slowly but policy easing is predicated on a rapid fall in underlying inflation, Croatian policymaker Boris Vujcic said. The ECB has lowered borrowing costs five times since last June …
ECB can keep cutting rates even if Fed takes it slow, Vujcic says Read More »
(Reuters) – A look at the day ahead in European and global markets from Stella Qiu Investors handled the shock surge in U.S. inflation extremely well given already limited scope for interest rate cuts. Benchmark Treasury yields shot up 10 basis points overnight but stock futures are actually firmer. Even the U.S. dollar is struggling …
Morning Bid: Ukraine talks absorb US inflation shock Read More »
By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet complete, BoE Chief Economist Huw Pill told Reuters. A week after the central bank cut rates for only the third time since raising …
Exclusive-Bank of England’s Pill ‘cautious’ about further rate cuts Read More »
By Anna Tong (Reuters) – Billionaire Elon Musk’s bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private gain, OpenAI wrote in a letter it submitted to a federal court on Wednesday. On Monday, a consortium of investors …
OpenAI says Musk’s takeover bid contradicts his lawsuit against it Read More »
PARIS (Reuters) – The world’s largest commercial turboprop maker, Franco-Italian ATR, delivered 35 aircraft last year, just shy of the 36 handed to customers in 2023, and said on Wednesday it would pause efforts to ramp up production as it addresses problems in its supply chain. ATR, which is jointly owned by Airbus and Leonardo, …
Turboprop maker ATR to stabilize output as deliveries dip slightly Read More »
By Andy Bruce (Reuters) – Britain’s housing market slowed noticeably in January as house price growth and buyer demand cooled, according to a survey of chartered surveyors on Thursday who still expect activity to pick up in the year ahead. The Royal Institution of Chartered Surveyors said its net balance of house prices – which …
UK housing market cools in January but surveyors stay upbeat, RICS survey shows Read More »
By Nick Carey LONDON (Reuters) – Two European startups said on Thursday they had hit milestones in recycling electric vehicle battery materials that will be needed to meet European regulations, reduce China’s dominance of the entire battery supply chain and lower CO2 emissions. Starting in August 2030, European automakers’ EV batteries must include a minimum …
European EV battery material startups make recycling breakthroughs Read More »
By Juby Babu (Reuters) -Cisco Systems raised its annual revenue forecast on Wednesday, betting on higher demand for its cloud networking gear amid an artificial intelligence boom, sending its shares up nearly 7% in extended trading. Corporate customers have been investing heavily to build their AI infrastructure, boosting demand for data centers, which use Cisco’s …
Cisco raises annual revenue forecast as AI boom boosts networking gear demand Read More »
By Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK (Reuters) – Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even raising the threat of a hike. U.S. consumer prices increased more than expected in January, reinforcing expectations …
Analysis-Hotter January inflation jolts markets, dimming rate cut hopes Read More »
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Wednesday scrapped draft rules regulating technology patents, AI and consumer privacy on messaging apps, saying it did not expect them to receive the green light from EU lawmakers and countries. All three proposals had faced intense lobbying by industries and Big Tech. Among them …
EU ditches plans to regulate tech patents, AI liability, online privacy Read More »
