By Jan Lopatka and Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) has limited room to ease monetary policy this year, with domestic inflation threats warranting caution, and there will be debate whether to keep or cut rates at next week’s policy meeting, Vice-Governor Jan Frait said. Frait told Reuters there was some …
Czech central banker Frait sounds caution on scope for rate cuts in 2025 Read More »
MOSCOW (Reuters) – Russia’s crude oil exports from its western ports in February are set to fall by 8% versus January’s plan as Moscow increases refining, two traders said and Reuters calculations showed, after the latest U.S. sanctions squeezed crude exports. Russia’s crude exports have weathered a series of sanctions since 2022 but the latest …
Russia’s Feb oil exports from western ports seen down 8% m/m as sanctions bite Read More »
By Muvija M and Sam Tabahriti LONDON (Reuters) – British finance minister Rachel Reeves spelled out her plans to revive the country’s slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow. Below are the key actions the government has announced to …
Factbox-How UK finance minister Reeves plans to clear the way for economic growth Read More »
By Tassilo Hummel, Mimosa Spencer PARIS (Reuters) -Luxury giant LVMH is “seriously considering” bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a “wind of optimism” in the country that contrasted with the “cold shower” of potentially higher corporate taxes in France. LVMH, which makes billions selling “made …
LVMH considers widening US footprint as CEO Arnault expresses France fatigue Read More »
By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year’s tech rally, but warned that strong returns won’t last forever. It was the second straight year of record profits, beating the 2.2 trillion Norwegian …
Norway wealth fund posts record $222 billion profit but warns tech boom won’t last Read More »
(Reuters) -Britain’s competition regulator said on Wednesday it has launched an inquiry into oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX. The Competition and Markets Authority (CMA) said it is looking at whether the deal, which was announced last April, would raise competition concerns in any UK markets. It has …
UK competition regulator launches inquiry into $8 billion SLB-ChampionX deal Read More »
(Reuters) – Petrochemicals manufacturer LyondellBasell said on Wednesday it has signed power purchase agreements in Europe for wind energy to support its commitment to reducing greenhouse gas emissions. Chemical companies are entering deals to purchase renewable electricity to help them reach their carbon dioxide emissions reduction targets. Under the 15-year agreement with European energy firm …
LyondellBasell signs renewable power purchase agreements in Europe Read More »
By Marie Mannes STOCKHOLM (Reuters) -A jump in fourth-quarter orders at truckmaker Volvo boosted hopes on Wednesday for a less bleak 2025, sending its shares up as much as 6% despite profits missing expectations. After record sales in 2023, truckmakers saw a slowdown last year that is widely expected to continue this year, with Europe …
Strong orders boost truckmaker Volvo’s shares despite profit miss Read More »
By Andrew MacAskill EYNSHAM, England (Reuters) – British finance minister Rachel Reeves gave the government’s backing to a long-delayed new runway at London’s Heathrow Airport on Wednesday as the centrepiece of her plan to speed up the country’s sluggish economy. Reeves, under pressure to address concerns about growth after a bond market selloff this month, …
UK’s Reeves puts new Heathrow runway at heart of growth push Read More »
BERLIN (Reuters) – Germany has been systematically underinvesting and its restrictive fiscal policies have been a brake on growth, German Economy Minister Robert Habeck said on Wednesday. The German economy has been stagnating for a long time, Habeck said at a presentation of economic forecasts in Berlin. (Reporting by Maria Martinez; Editing by Madeline Chambers)
