By Arathy Somasekhar HOUSTON (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes. Global crude flows have been roiled for a second year by war in Ukraine and …
Global crude exports dip as trade routes reshuffle again Read More »
LONDON (Reuters) – Black Friday spending helped lift retail sales in late 2024 but overall sales in the final quarter of last year proved disappointing, the British Retail Consortium said on Tuesday. Total retail spending rose 3.2% year-on-year in the four weeks to Dec. 28 after a 3.3% drop the month before. Last month’s rise …
Black Friday spending lifts UK retail sales at end of 2024 Read More »
By Luciana Magalhaes SAO PAULO (Reuters) – A pair of Brazilian financial heavyweights has submitted the most competitive offers so far to acquire the local unit of Swiss-based lender Julius Baer, a person familiar with the deal said on Monday. The source pointed to investment bank BTG Pactual and local financial institution XP Investimentos as …
BTG and XP submit top offers for Brazilian unit of Julius Baer, source says Read More »
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid …
Deere boosts bet on autonomous tractors with new machines Read More »
By Shashwat Chauhan, Nikhil Sharma and Pranav Kashyap (Reuters) -European markets closed higher on Monday, as investor optimism was fuelled by a report suggesting that U.S. tariffs might be less severe than previously feared, boosting the automobile sector. Europe’s premier index, STOXX 600, closed up 0.9%, at its highest level in more than two weeks. …
Europe shares rev up as auto sector jumps on report of softer U.S. tariffs Read More »
(Reuters) -The UK’s FTSE 100 inched up on Monday, joining a broad rally in European stocks after a report hinted at measured tariffs under a Donald Trump presidency, while ratings downgrades weighed on heavyweights Rolls-Royce and Unilever. The blue-chip benchmark rose 0.3% at market close, while the pan-European STOXX 600 jumped 0.9%. Trump’s aides are …
FTSE 100 closes higher as Trump tariff report lifts European markets Read More »
By Valentina Za and Elvira Pollina MILAN (Reuters) -Elon Musk said on Monday he was ready to provide Italy with secure communication services after Prime Minister Giorgia Meloni denied that the issue had come up during a weekend visit to the United States.Meloni has developed a strong relationship with Musk, a close ally of incoming …
Musk offers secure services as Italy denies Mar-a-Lago SpaceX talks Read More »
(Reuters) -HSBC on Monday named Lisa McGeough as chief executive officer and president of its U.S. operations, making her the first woman CEO leading the bank’s operations in the region in more than a decade. McGeough, whose appointment is effective Jan. 1, will be responsible for the Asia-focused lender’s growth in the United States, including …
By Sergio Goncalves LISBON (Reuters) – The Portuguese state body that promotes investments for export-focused projects garnered deals last year worth 10 times more than in 2023, showing the country remains attractive for foreign companies, the Economy Ministry said on Monday. The ministry’s AICEP division, which offers tax breaks and other incentives for exports and …
Portugal draws 10 times more export-oriented foreign investment in 2024 Read More »
By Jan Lopatka PRAGUE (Reuters) – Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall, data from network operators showed on Monday. Austria received gas through Slovakia until the year-end even though its …
Central Europe gas flows adjusted after Ukraine transit ends Read More »
