BERLIN (Reuters) – Companies in Germany have significantly reduced their investment plans, according to a survey from the Ifo Institute published on Friday. Investment expectations for the current year fell to minus 9.0 points in November, down from 0.1 points in March, the survey showed. “Due to structural problems and the high level of uncertainty …
Investment expectations in Germany fall significantly, Ifo says Read More »
By Maria Martinez (Reuters) -German exports fell more than expected in October, an indication that the long-awaited recovery in external demand has been delayed. Exports fell by 2.8% compared with the previous month, data from the federal statistics office showed on Friday. The result went beyond the 2% decrease forecast in a Reuters poll. The …
German exports fall more than expected in October Read More »
(Reuters) – German wholesale prices fell by 0.6% in November compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Bernadette Hogg, Editing by Friederike Heine)
(Reuters) -The world’s largest reinsurer Munich Re on Friday said that it is targeting 6 billion euros ($6.27 billion) in net profit for next year, with its reinsurance business alone anticipated to make up 5.1 billion euros. For 2024 Munich Re is targeting profit of more than five billion euros. In the first nine months …
Munich Re targets 6 billion eur in net profit for 2025 Read More »
(Reuters) – Swiss technology firm SoftwareOne Holding confirmed on Friday that it is in advanced discussions to acquire Norwegian rival Crayon Group Holding for a consideration of cash and shares. Crayon also confirmed the discussions on Friday. There is no certainty that this will lead to an offer to Crayon shareholders, both companies said in …
SoftwareOne confirms it is in talks to acquire rival Crayon Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -Euro zone markets swung on Thursday after the European Central Bank gave up a long-standing hawkish tilt but analysts were split on the signals it gave on how fast it will cut rates. At first sight all looked rosy for markets betting on speedy rate cuts from …
As euro zone risks mount, markets seek clarity on pace of ECB rate cuts Read More »
A look at the day ahead in European and global markets from Stella Qiu The rash of rate cuts over the past few days, with outsized 50 bp moves in Switzerland and Canada and a 25 bp easing by the European Central Bank, has helped to turbocharge the U.S. dollar, which jumped 1% on the …
Morning Bid: Global rate cuts put dollar in driver’s seat Read More »
(Reuters) -Gilead Sciences said on Thursday it has appointed Sanofi’s Dietmar Berger as its chief medical officer, replacing incumbent Merdad Parsey, who is preparing to leave early next year. Berger, who will join on Jan. 2, was most recently French pharmaceutical giant Sanofi’s chief medical officer. At the french drugmaker, he was also the global …
Gilead appoints Sanofi official Dietmar Berger as next chief medical officer Read More »
By Susanna Twidale LONDON (Reuters) – Britain on Friday launched a plan to make it easier for developers to build clean energy projects which it hopes will help the country meet its climate targets and create jobs. Britain has a target to largely decarbonise its power sector by 2030 which will mean reducing its reliance …
Britain launches plan to ease development of clean energy projects Read More »
(Reuters) – British consumer morale hit a four-month high in December as households grew cheerier about their finances, a survey showed on Friday, in good news for finance minister Rachel Reeves after other indicators showed a post-budget slide in business sentiment. The monthly consumer confidence index from market research firm GfK rose to -17 in …
UK consumer confidence touches 4-month high in December, GfK survey shows Read More »
