By Samuel Indyk LONDON (Reuters) -The British pound extended its recent drop against the dollar and the euro on Monday driven by investor concerns about Britain’s fiscal sustainability as gilt yields rose for a sixth straight day. Sterling fell as much as 0.7% against the dollar to $1.21, its lowest level since November 2023. It …
Sterling extends slide as dollar rallies, gilt yields rise Read More »
By Tim Hepher DUBLIN (Reuters) – AerCap, the world’s largest aircraft leasing company, said on Monday that potential new trade tariffs floated by U.S. President-elect Donald Trump could hit supply chains and hinder planemaker Boeing’s efforts to restore much-needed cash. AerCap CEO Aengus Kelly said the biggest priority for Boeing and U.S. regulators should be …
AerCap CEO warns tariffs could delay Boeing cash recovery Read More »
By Nikhil Sharma and Pranav Kashyap (Reuters) – European shares fell to a one-week low on Monday amid a broader market selloff as global equities came under pressure following U.S. jobs data, which strengthened expectations that the Federal Reserve will approach interest rate cuts cautiously this year. The pan-European STOXX 600 index closed down 0.5% …
Europe stocks dip to one-week low amid speculation over Fed rate cuts Read More »
(Reuters) – British equities ended lower on Monday, as investors shied away from risky assets after last week’s U.S. jobs report reinforced views that the Federal Reserve would be cautious about cutting interest rates this year. The blue-chip FTSE 100 dipped 0.3%, while the domestically focussed FTSE 250 midcap index slipped 0.1%. Global stocks fell, …
London stocks slip as markets stay wary of global rate outlook Read More »
MILAN (Reuters) -Revenues at Italian luxury group Brunello Cucinelli rose 12.4% at constant exchange rates last year, a touch above its most recent guidance thanks to strong sales in its shops in the last few weeks of the year, bucking a sector slowdown thanks to its focus on the industry’s high end. The group, the …
Cucinelli’s revenues rose 12% in 2024, sees “very strong” profits Read More »
(Reuters) -The U.S. Treasury announced on Friday sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft and Surgutneftegaz, to try to curtail Moscow’s ability to fund its war with Ukraine. The sanctions also target over 180 tankers and dozens of oil traders, oilfield service providers, insurance companies and energy officials. Below …
Reactions to new US sanctions against Russian energy interests Read More »
By Vladimir Soldatkin MOSCOW (Reuters) – Gazprom is considering cutting about 40% of its headquarters staff – more than 1,500 job cuts – as the Russian gas giant grapples with the loss of most of its sales to Europe, state news agency TASS reported on Monday. Deputy CEO Elena Ilyukhina sent the proposal on job …
Russia’s Gazprom weighs slashing HQ jobs after losing most sales to Europe Read More »
By William Schomberg LONDON (Reuters) – Britain’s finance minister Rachel Reeves and Prime Minister Keir Starmer are seeking to stem a market slump, but for now what happens next to rising government borrowing costs and the falling pound is largely beyond their control. Donald Trump and U.S. economic data are likely to have a bigger …
Analysis-UK’s Reeves struggles to find ways out of market slump Read More »
By Sinead Cruise and Tommy Reggiori Wilkes LONDON (Reuters) – For years, pressure on European banks and asset managers to bulk up to better compete with U.S. rivals has been mounting. This year may mark a turning point as more boardrooms explore combinations, say executives, advisers and investors. European banks have enjoyed a run of …
Analysis-European banks’ record takings fuel M&A talk as pressures on industry persist Read More »
By Andres Gonzalez, Christoph Steitz and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Berlin has sounded out potential buyers for Uniper in a deal that could see the government selling its entire holding in the $18.8 billion energy utility, three people with knowledge of the matter said. Germany’s government, which owns 99.12% of the company after nationalising it …
Exclusive-Berlin considers full Uniper exit, targets deal after summer, sources say Read More »
