VILNIUS (Reuters) – The European Central Bank is likely to cut its key interest rate down to its “natural” level between 2% and 3% but it may need to reduce it even further if a fall in inflation becomes entrenched, ECB policymaker Gediminas Simkus said on Monday. “If the disinflation processes get entrenched… it’s possible …
ECB’s Simkus says rates may need to go below ‘natural’ level Read More »
(Reuters) – Basque steel maker Sidenor is in talks with Talgo about buying some or all of the Spanish train maker’s shares, Talgo said on Monday. Last week, Sidenor sent Talgo a letter saying it was considering a tender offer for part or all of Talgo’s equity, driving the stock up more than 6%. The …
Sidenor in talks to buy some or all of Spanish train maker Talgo Read More »
By Byron Kaye SYDNEY (Reuters) – A court on Monday ordered Australia’s Qantas Airways to pay a combined A$170,000 ($114,000) to three baggage handlers it unlawfully sacked in 2020, implying a big damages bill for a lawsuit involving about 1,700 former workers whose jobs were outsourced. Federal Court Judge Michael Lee said Qantas must pay …
Australia’s Qantas told to pay $114,000 to 3 sacked workers in landmark outsourcing case Read More »
BERLIN (Reuters) – German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0% decline. The main reason for the dip was lower energy prices, which were 6.6% lower in …
German producer prices fall more than expected in September Read More »
LONDON (Reuters) – War, inflation and Britain’s departure from the European Union led to a 17% fall in job vacancies in London’s financial services sector in the third quarter versus the same time a year ago, recruitment firm Morgan McKinley said Monday. Mark Astbury, associate director at Morgan McKinley, also said hiring was likely to …
City of London job vacancies fall 17% year-on-year, data shows Read More »
By Andy Bruce (Reuters) – British finance minister Rachel Reeves faces a tough task to raise the tax revenues she needs to invest more in public services and new infrastructure in her Oct. 30 budget. With the tax burden at its highest since just after World War Two, Prime Minister Keir Starmer’s Labour Party promised …
Factbox-Taxes and the UK budget – tough choices for Rachel Reeves Read More »
By Sinead Cruise LONDON (Reuters) – Europe’s biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall. Bank share prices have broadly delivered a double-digit rise this year, driven by stock buyback programmes made possible …
Europe’s banks under investor pressure to keep earnings growth alive Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan Europe’s heavyweight software maker SAP reports third-quarter earnings today. The behemoth will set the tone for German and wider stock markets, since it comprises 15% of Deutsche Boerse’s DAX index with a 261 billion euro ($284 billion) market value. SAP’s cloud …
By John Biju and Aaditya GovindRao (Reuters) -Australian miner Mineral Resources’ billionaire founder Chris Ellison admitted to failing to properly disclose revenue from his overseas entities to the Australian Taxation Office on Monday, sending the company’s share price sharply lower. Mineral Resources (MinRes) shares fell as much as 13.7% to A$39.59 by 0310 GMT and …
MinRes billionaire founder Chris Ellison admits tax evasion, shares tank Read More »
LONDON (Reuters) – Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for clarity on tax changes in the new government’s upcoming budget. Asking prices rose by just 0.3% in October, well below their average …
Asking prices for UK homes barely rise in October, Rightmove says Read More »
