By Marta Frackowiak (Reuters) -Belgian bank KBC beat its third-quarter profit expectations on Thursday, helped by a rise in net interest income, and net fee and commission income. The financial group’s net profit fell 1% from a year earlier to 868 million euros ($932.7 million) in the quarter ended Sept. 30. But it beat analysts’ …
Belgian bank KBC’s Q3 profit beats view on net interest income boost Read More »
By Florence Tan, Emily Chow and Siyi Liu SINGAPORE (Reuters) – Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply, Russell Hardy, CEO of Vitol, the world’s largest independent oil trader, said on Thursday. World oil prices …
Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Donald Trump’s imminent return to the White House is putting a spotlight on the U.S. dollar, which could have far-reaching implications for everything from domestic manufacturers to emerging markets if the currency’s rally continues. The U.S. currency notched its biggest one-day gain against its peers in eight …
Analysis-Trump’s win emboldens dollar bulls as they brace for tariffs Read More »
PRAGUE (Reuters) – Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany to help it expand in Europe’s biggest economy, the company said on Thursday. Rohlik, operating under the Knuspr.de brand in Germany, has said it has plans to operate in more than a dozen German cities in the …
Czech online grocer Rohlik partners with Amazon in Germany Read More »
By Yoruk Bahceli and Lucy Raitano LONDON (Reuters) -Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs. European bonds emerged as winners, as expectations the European Central Bank will cut interest rates to counter …
For Europe’s markets, Trump’s return spells euro pain but bond gains Read More »
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland The state of German politics should become clearer on Thursday after Friedrich Merz, leader of the opposition conservatives, gives a morning news conference to respond to Chancellor Olaf Scholz’s request for support to pass the budget and boost …
Morning Bid: German political drama adds to Trump risks for Europe Read More »
By Naveen Thukral and Melanie Burton SINGAPORE (Reuters) – U.S. president-elect Donald Trump’s new administration should focus on speeding up the permitting process to ensure there is enough copper for the energy transition, said a Rio Tinto executive on Thursday, referring to its stalled Arizona mine. Rio Tinto, alongside partner BHP Group, is developing the …
Rio Tinto exec asks Trump Administration to speed up permitting Read More »
By Byron Kaye and Roushni Nair SYDNEY (Reuters) -National Australia Bank said annual profit fell in line with forecasts as it shied from margin-crushing competition, and there was a risk inflation could remain stronger for longer from Donald Trump’s upcoming return to the U.S. presidency. Australia’s biggest business lender and its No. 3 retail lender …
Australia’s NAB annual profit dips, signals inflation risks under Trump Read More »
By Marisa Taylor, Rachael Levy and Chris Kirkham (Reuters) -Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favorable government treatment. Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president …
How Musk’s clout with Trump could enrich his companies Read More »
By David Shepardson, Norihiko Shirouzu and Ben Klayman WASHINGTON (Reuters) – Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said. Trump has said he plans to begin rescinding Environmental Protection Agency …
Automakers brace for new tariffs, EV changes under Trump presidency Read More »
