By Andy Bruce MANCHESTER, England (Reuters) – Britain’s second and third cities on Friday published plans for a new railway to counter the blow of last year’s government decision to gut much of the HS2 north-south high-speed rail project. The authorities of Manchester and the West Midlands said a new line between Birmingham and Manchester …
Manchester, Birmingham seek new UK railway to avert HS2 capacity crunch Read More »
By David Milliken LONDON (Reuters) -The British public’s expectations for inflation over the coming year dropped to their lowest in three years in August, a Bank of England survey showed on Friday, likely reassuring policymakers ahead of next week’s interest rate decision. The central bank closely watches surveys of public inflation expectations as a guide …
UK public’s inflation expectations fall to 3-year low, BoE survey shows Read More »
STOCKHOLM (Reuters) – The European Central Bank’s interest rate cuts support growth, but Europe should get on the road to better productivity, Finnish ECB Governing Council member Olli Rehn said on Friday. “Current uncertainties further emphasize the dependence on fresh data and analysis about the economy,” he said in a statement. (This story has been …
BERLIN (Reuters) -German government officials and UniCredit bankers have held talks after the Italian lender bought a 9% stake in Commerzbank, a German government source said on Friday. The talks, reported for the first time, is a significant development in the possible acquisition of one of Germany’s largest banks by a foreign institution. UniCredit declined …
Unicredit and German government talk after Commerzbank stake purchase, source says Read More »
By Alban Kacher (Reuters) -French payments group Worldline announced on Friday the departure of its long-time CEO Gilles Grapinet as it issued its third profit warning within a year, sending its shares sharply lower. The shares were down 17% by 0833 GMT, after hitting a record low earlier in the session and extending their year-to-date …
Worldline CEO exits as payments group issues another profit warning Read More »
BERLIN (Reuters) – The head of Germany’s central bank said on Friday that authorities would take a “very close look” at UniCredit’s overtures to potentially buy Germany’s Commerzbank, a sign that any deal would come under intense scrutiny. The comments by Joachim Nagel, head of the Bundesbank, are the most extensive by a top supervisor …
Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says Read More »
BUDAPEST/FRANKFURT (Reuters) – The European Central Bank’s two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone. French central bank governor Francois Villeroy de Galhau and Bundesbank president Joachim Nagel backed Thursday’s rate cut and struck a more confident tone than at any point over …
Top ECB governors voice confidence on inflation and rates Read More »
By Shubham Batra (Reuters) – European stocks advanced on Friday and were poised for weekly gains, supported by miners, while investors shifted their focus to the U.S. Federal Reserve ahead of a long-awaited monetary easing at its meeting next week. The pan-European STOXX 600 index was up 0.5% at 514.4 points, with France’s CAC 40 …
Europe’s STOXX 600 climbs as focus shifts to US central bank rate verdict Read More »
By Joe Brock and Allison Lampert SEATTLE (Reuters) – Boeing’s U.S. West Coast factory workers stood in long lines on Thursday to vote on a much-criticized new contract, some loudly calling for a strike, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike could start on …
Boeing workers line up to vote on contract, could strike on Friday Read More »
(Reuters) – Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters on Thursday, denying an earlier Financial Times report saying it is looking for a new chief executive. “The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him,” Nokia …
