ZURICH (Reuters) -Switzerland could agree a deal with the United States to lower U.S. tariffs on Swiss exports to 15% as early as Thursday or Friday this week, a Swiss source told Reuters on Tuesday. The source said the deal could also come early next week, but cautioned an agreement to lower tariffs from the …
Swiss deal to lower US tariffs could come as early as Thursday or Friday Read More »
By Maria Martinez BERLIN (Reuters) -German investor morale unexpectedly fell in November, the ZEW economic research institute said on Tuesday, reporting a decrease in its economic sentiment index to 38.5 points from 39.3 points in October. Analysts polled by Reuters had pointed to a reading of 41. The assessment of the current economic situation fell to …
German investor morale declines unexpectedly in November, ZEW finds Read More »
FRANKFURT (Reuters) -Risks to euro zone inflation are balanced and growth is turning out to be stronger than once expected, two European Central Bank policymakers said on Tuesday, reinforcing market expectations for no more rate cuts in the near future. The ECB has kept interest rates unchanged since June and says that policy is in …
ECB policymakers gaining confidence in inflation, growth outlook Read More »
By James Davey LONDON (Reuters) -British grocery inflation slowed to 4.7% in the four weeks to November 2 as grocers ramped up Christmas promotions, industry data showed on Tuesday, providing a little relief to consumers bracing for further tax rises in this month’s government budget. The figure from Worldpanel by Numerator (formerly Kantar), which provides …
UK grocery inflation slows as supermarkets ramp up promotions, says Worldpanel Read More »
-Princes Group on Tuesday reported a sharp increase in nine-month core profit in its first results since going public, as one of Europe’s largest grocery suppliers reined in costs and streamlined operations to boost margins. The company, like its Italian parent NewPrinces, has been focusing on initiatives to boost margins and improve its offerings vis-a-vis prices …
Grocery supplier Princes Group’s profit jumps in first report after UK market debut Read More »
(Reuters) -Scientific tools maker Oxford Instruments expects to deliver improved performance for the rest of the year, it said on Tuesday after order momentum returned in the second quarter, sending its shares surging more than 14%. Oxford, which makes tools and systems primarily for scientific research and advanced industrial applications, also raised its share buyback by …
UK’s Oxford Instruments stock surges 14% with renewed order momentum Read More »
By Andy Bruce and Suban Abdulla LONDON (Reuters) -Britain’s labour market cooled noticeably in the third quarter as the unemployment rate jumped and wage growth slowed, according to data on Tuesday that will bolster expectations for a Bank of England interest rate cut next month. The unemployment rate rose to 5.0% from 4.8% – the …
Worsening UK labour market bolsters Bank of England rate cut bets Read More »
LONDON (Reuters) -British investors have pulled a record 7.4 billion pounds ($9.9 billion) from equity funds since June, marking the longest period of consecutive monthly net selling since the Brexit vote in 2016, data from funds network Calastone shows. The move has been driven by nerves over whether high global stock prices are sustainable and concerns …
UK investors sold record $10 billion in stocks since June, data shows Read More »
ROME (Reuters) -Snam will not sell its stake in France’s Terega despite an ongoing review of its holdings, the Italian gas transmission operator’s chief executive said in an interview published on Tuesday. Snam holds a 40.5% stake in Terega – France’s second-largest gas operator – with other shareholders including Singaporean sovereign wealth fund GIC, French …
Snam to keep stake in France’s Terega as it reviews portfolio, CEO says Read More »
FRANKFURT (Reuters) -The German reinsurer Munich Re on Tuesday said it posted a better-than-expected rise in net profit in the third quarter on the back of below average major claims, and it stuck to its main profit target for 2025. Net profit in the quarter was 1.997 billion euros ($2.33 billion), up from 907 million …
Munich Re posts sharp rise in Q3 profit and sticks to full-year target Read More »
