LONDON (Reuters) – The pound regained some ground on Friday after dropping on Thursday when the Bank of England cut interest rates and halved its growth forecast for the year. Sterling was last up 0.16% at $1.2458 on Friday, after falling 0.54% the previous day. The pound fell as much as 1.1% after the Bank …
Pound ticks up after sliding on BoE cut and gloomy forecasts Read More »
By Eric Onstad and Kate Abnett LONDON/BRUSSELS (Reuters) – The European Union will launch its joint purchasing platform for critical resources with hydrogen buying in September, three EU sources told Reuters. Critical minerals purchases will follow, possibly in the third quarter, while gas will be the last with no firm timing, said the three sources, …
EU set to launch joint buying for hydrogen in September Read More »
By Tristan Veyet (Reuters) -Yara International, one of the world’s largest fertilizer producers, on Friday flagged a sharp hit from the strong U.S. dollar on its fourth quarter net result, while its core earnings landed close to market expectations. “In general, a stronger U.S. dollar is good for our business,” CEO Svein Tore Holsether told …
Yara takes hit from strong dollar, but CEO sees overall positive effect Read More »
By Dominique Patton PARIS (Reuters) -Cosmetics giant L’Oreal is upbeat on the United States for the year ahead, it said on Friday, even as its shares were dragged down by its slowest quarterly sales since the height of the pandemic, following weak Chinese demand. L’Oreal has been popular for years among investors for outperforming peers, …
L’Oreal CEO bullish on US as China sales stay weak Read More »
By Jesús Aguado MADRID (Reuters) -Sabadell moved to convince shareholders it should stay independent on Friday by raising its payout policy to 3.3 billion euros ($3.43 billion), as the Spanish bank tries to fend off a hostile takeover by its larger rival BBVA. Spain’s government has opposed the takeover, which is undergoing a longer phase …
Sabadell ups payout target to $3.43 billion in BBVA takeover tussle Read More »
By Yamini Kalia and Iain Withers (Reuters) -Emerging markets can withstand “knee-jerk” trading under the early days of a second Donald Trump presidency in the U.S. and the long-term outlook remains positive, the CFO of emerging markets-focused wealth manager Ashmore told Reuters. Trump slapped 10% tariffs on goods from China this week, but shelved planned …
Emerging markets can weather ‘knee-jerk’ Trump trades, says Ashmore CFO Read More »
(Reuters) – French trade deficit continued to narrow in 2024, the country’s customs office said on Friday. The deficit continued to recover for a second consecutive year after a historic low of more than 162 billion euros ($168.4 billion) in 2022. It was around 81 billion euros in 2024, up from a deficit of around …
French trade deficit continues to narrow in 2024 Read More »
MILAN (Reuters) -Iveco Group said on Friday it was considering spinning off its defence business, sending its shares up as much as 16%, as the truck and bus maker forecast a modest increase in operating profit this year. The defence division has been growing amid a global push in military spending and could benefit from …
Iveco considers defence business spin-off, shares surge Read More »
By Suban Abdulla LONDON (Reuters) -British house prices rose by more than expected last month as some buyers rushed to complete sales before an increase in property purchase taxes at the start of April, mortgage lender Halifax said on Friday. House prices climbed by 0.7% in monthly terms last month after falling by 0.2% in …
UK house prices jump as tax deadline looms, lender Halifax says Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia is set to widen its power to retaliate for Western asset seizures with new legislation that could allow it to confiscate the frozen funds of foreign companies and investors, two sources familiar with the draft law told Reuters. Around $300 billion of Russian financial assets, …
Russia to widen asset seizing power with new legislation, sources say Read More »
