Reuters UK Business

By Jaiveer Shekhawat and Arasu Kannagi Basil (Reuters) -American Express beat expectations for fourth-quarter revenue on Friday, as more consumers swiped its cards during the holiday season for travel and online shopping. Travel and entertainment spend was the strongest area, CFO Christophe Le Caillec told Reuters, adding that airline travel, in particular, did really well. …

AmEx revenue beats expectations on strong holiday spending Read More »

By Luiza Ilie, Gergely Szakacs and Libby George BUCHAREST/LONDON (Reuters) – Romania’s attempts to restore investor confidence and lower the European Union’s highest budget deficit have hit early hurdles in a year fraught with political jeopardy and the risk of losing its coveted investment-grade ratings. The re-run of the presidential election, due in May, after …

Romania, eyeing bond sales, fights to avoid ‘fallen angel’ junk rating Read More »

By Virginia Furness LONDON (Reuters) – BNP Paribas is rethinking sustainable finance to focus on profitable deals and on redefining what it considers sustainable, a senior executive said, as it became the latest bank to distance itself from the ESG label. The shift in the French bank’s corporate and institutional banking (CIB) division is to …

BNP Paribas’ ESG rethink to focus on profitable sustainable finance Read More »

BERLIN (Reuters) – A first round of wage talks for more than 2.5 million public sector employees in Germany kicked off outside Berlin on Friday. Trade union Verdi and the DBB civil service association are asking for an 8% pay increase, with a rise of 350 euros ($364) per month at minimum – a demand …

German public sector employees kick off wage negotiations Read More »

FRANKFURT (Reuters) – Euro zone banks need a digital euro to respond to U.S. President Donald Trump’s push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. Trump said he would “promote the development and growth of lawful and legitimate dollar-backed …

ECB pitches digital euro as response to Trump’s crypto push Read More »

(Reuters) – Mastercard and Visa failed to stop their payment networks from laundering proceeds from child sexual abuse material and sex trafficking on the popular website OnlyFans, according to allegations in a previously undisclosed whistleblower complaint filed with the U.S. Treasury’s financial crimes unit. The whistleblower, a senior compliance expert in the credit card and …

Exclusive-U.S. whistleblower says Mastercard, Visa failed to stop payments for child sex abuse material on OnlyFans Read More »

By Greta Rosen Fondahn (Reuters) – The pound rallied against the dollar on Friday, on track to close the week higher after three weeks of losses, as a lack of concrete tariff policies during U.S. President Donald Trump’s first week in office pressured the greenback across the board. Sterling was up 0.6% against the dollar …

Sterling jumps as tariff doubts weigh on dollar Read More »