A look at the day ahead in European and global markets from Kevin Buckland Calmer heads appear to be prevailing after China’s DeepSeek triggered a sell-off in AI-related shares, with a relief rally overnight rippling into the few Asian markets not closed for Lunar New Year holidays. Investors are converting to the idea that the …
Morning bid: Tech nerves settle just in time for Mag 7 earnings Read More »
MOSCOW (Reuters) – State-owned Russian bank VTB said it expects the retail lending market to go into hibernation mode this year as banks prioritise the quality of their loan portfolios with the central bank’s key rate at 21%. Lending growth remained high in 2024, even as the central bank steadily hiked rates to the highest …
Russian bank VTB expects retail lending to go into hibernation in 2025 Read More »
(Reuters) – British pest control firm Rentokil Initial said on Tuesday its organic revenue grew 3% in the fourth quarter, led by faster growth in North America compared to the previous quarter, as moves to overhaul its business began to pay off. Shares in the FTSE 100 company rose 4% in early trading, with analysts …
Rentokil posts 3% organic revenue growth in Q4 as US growth quickens Read More »
(Reuters) – Britain’s Eurocell, the maker and distributor of window, door and PVC roofline products, said on Tuesday it expects near-term outlook to remain “challenging”, hurt by subdued activity in home repair and improvement market. WHY IT’S IMPORTANT? Companies such as Eurocell, which have significant exposure to the housing sector, have been grappling with challenging …
Eurocell flags tough market amid subdued housing repair, maintenance activity Read More »
By Greta Rosen Fondahn (Reuters) – The pound fell against the dollar on Tuesday, looking set to break a three-day rising streak, as U.S. tariff threats retook the focus of currency investors after Monday’s selloff in technology shares and a rush to safe-haven assets. The greenback, which roared ahead after the U.S. election in November, …
FRANKFURT (Reuters) – SAP said on Tuesday that the prospect of cheaper and more energy-efficient artificial intelligence models, presaged by China’s DeepSeek model, bodes well for growing demand for SAP’s AI services. “Yesterday … (DeepSeek) showed that AI infrastructure will scale, it will become a commodity. Without this infrastructure you cannot run the gen (general) …
SAP: more efficient AI will drive demand for our AI products Read More »
By Alasdair Pal SYDNEY (Reuters) -Australia Treasurer Jim Chalmers on Wednesday urged Australians to be cautious when using Chinese AI model DeepSeek, the latest government to warn over its use. “We would urge Australians to be cautious about this new technology,” Chalmers told a news conference on Monday. “Obviously we are constantly receiving advice on …
Australia urges citizens to be cautious about using China AI model DeepSeek Read More »
MEXICO CITY (Reuters) – Packaged food company Nestle will invest $1 billion in Mexico over the next three years to boost production of various products, Mexican President Claudia Sheinbaum said on Tuesday. Sheinbaum made the announcement in a video on social media alongside Nestle executives. (Reporting by Brendan O’Boyle; Editing by Aida Pelaez-Fernandez)
LONDON (Reuters) – Britain on Wednesday announced a 20 million pound ($24.84 million) investment in space company Orbex to help build an orbital rocket, used to put satellites into orbit, and launch it later this year from a site in northern Scotland. The rocket, Prime, is set to take off from SaxaVord Spaceport in the …
UK invests $25 million in orbital rocket, seeking to unlock satellite launch capability Read More »
(Reuters) -Zimmer Biomet said on Tuesday it would acquire medical device company Paragon 28 for about $1.1 billion to expand its portfolio of orthopedic surgical devices. The deal will give Zimmer Biomet access to Paragon’s surgical implants and equipment used to treat foot and ankle ailments, while bolstering its fracture and trauma, and joint replacement …
Zimmer Biomet to buy Paragon 28 for $1.1 billion Read More »
