ZURICH (Reuters) – The Swiss National Bank will lower the threshold factor where it pays interest on sight deposits to commercial banks lodging money with it overnight, the central bank said on Monday. The SNB will pay interest at its policy rate of 0.5% to banks up to 20 times their minimum reserve requirement from …
SNB lowers threshold factor for sight deposit interest payments Read More »
FRANKFURT (Reuters) – Europe’s labour market softened in the third quarter, data releases showed on Monday, pointing to a further decline in inflation pressures that could justify more interest rate cuts. The rise in euro zone labour costs slowed to 4.6% in the third quarter from 5.2% three months earlier while the jobs vacancy rate …
By Jonathan Cable LONDON (Reuters) -The decline in euro zone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, rose to 49.5 in …
Decline in euro zone business activity eases in December, PMI shows Read More »
MADRID (Reuters) – The European Central Bank is confident that inflation will converge to the 2% goal in 2025 as is reflected in its monetary policy, ECB’s Vice-President Luis de Guindos said on Monday. “If our inflation projections hold true, the (monetary policy) evolution Will continue the (rate cuts) trend we’ve had in recent months,” …
ECB is confident that inflation will converge to target in 2025, De Guindos says Read More »
By Nerijus Adomaitis OSLO (Reuters) – Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the Offshore Norge industry association said on Monday. The industry group had one year ago predicted oil and …
Norway oil and gas industry forecasts record investment in 2025 Read More »
ATHENS (Reuters) – Greece-based energy group Metlen has applied for a second listing on the London Stock Exchange, seeking to strengthen its presence in international markets, two sources with knowledge of the matter told Reuters on Monday. Metlen’s shares trade on the Athens Stock Exchange. The Greek group, which is expanding fast through acquisitions in …
Greek energy group Metlen applies for second listing in London Read More »
PARIS (Reuters) – France’s services sector shrank further in December, although the pace of contraction eased, according to a closely-watched business survey by S&P Global published on Monday. The HCOB Services PMI Business Activity Index rose to 48.2 from 46.9 in November, surpassing analysts’ expectations for a reading of 46.7, though still below the 50.0 …
French services sector contraction continues in December, PMI shows Read More »
(Reuters) – German companies feel pessimistic about the new year, with only 12.6% expecting business conditions to improve in 2025, according to a poll by the Ifo institute of some 8,000 firms published on Monday. “No sector is really optimistic about 2025. A lot of work awaits the new German government,” says Klaus Wohlrabe, head …
Pessimism prevails among German firms for 2025, survey shows Read More »
(Reuters) – Advertiser Havas and publisher Louis Hachette Group started trading in Amsterdam and Paris on Monday after being spun off from French media conglomerate Vivendi. Louis Hachette opened at 1.20 euro per share and was up nearly 25% at 1.40 euro by 0812 GMT compared to its reference price. Havas opened at 1.80 euro …
Havas, Louis Hachette rise on market debut post Vivendi breakup Read More »
BERLIN (Reuters) – Mercedes-Benz’s works council chief said the carmaker must urgently win back market share and rethink its China strategy so sales did not drop below 2 million a year, which he said would be “unacceptable” to labour representatives. “We would not be satisfied with any less than two million cars a year – …
Mercedes-Benz labour chief: we must win back market share, rethink China strategy Read More »
