By Shubham Batra (Reuters) – European stocks advanced on Friday and were poised for weekly gains, supported by miners, while investors shifted their focus to the U.S. Federal Reserve ahead of a long-awaited monetary easing at its meeting next week. The pan-European STOXX 600 index was up 0.5% at 514.4 points, with France’s CAC 40 …
Europe’s STOXX 600 climbs as focus shifts to US central bank rate verdict Read More »
By Joe Brock and Allison Lampert SEATTLE (Reuters) – Boeing’s U.S. West Coast factory workers stood in long lines on Thursday to vote on a much-criticized new contract, some loudly calling for a strike, piling pressure on the planemaker as it wrestles with chronic production delays and mounting debt. A potential strike could start on …
Boeing workers line up to vote on contract, could strike on Friday Read More »
(Reuters) – Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters on Thursday, denying an earlier Financial Times report saying it is looking for a new chief executive. “The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him,” Nokia …
By Christian Kraemer, Tom Sims and John O’Donnell FRANKFURT/BERLIN (Reuters) – UniCredit’s opening gambit in a takeover play for Commerzbank has rekindled a debate about the future of German banking, prompting Berlin to pause selling shares in the lender and turning the spotlight on Deutsche Bank as a possible rival suitor. Italy’s second-largest bank swooped …
UniCredit’s Commerzbank swoop fires up divisive debate in Germany Read More »
(Reuters) – British defense group BAE Systems said on Thursday the U.S. Army has awarded the company a $440 million contract to produce additional Bradley Fighting Vehicles to replace the ones the government had already sent to Ukraine. The contract includes the production of more than 200 units of Bradley A4, which is the company’s …
BAE systems to produce additional Bradley Fighting Vehicles for U.S. Army Read More »
By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday, as policymakers provided little clarity on how willing they were to double down on monetary easing. Sources also told Reuters shortly after the ECB meeting …
Analysis-ECB dents traders’ hopes for October rate cut Read More »
By Sam Tobin LONDON (Reuters) -Tesco was not entitled to terminate some employees’ contracts and offer to rehire them on less favourable terms, the United Kingdom’s Supreme Court ruled on Thursday. Shopworkers’ union Usdaw took legal action against Britain’s biggest retailer after Tesco sought to remove some warehouse workers’ entitlement to increased pay. Tesco ended …
Tesco loses UK legal battle over ‘fire and rehire’ of staff Read More »
By David Milliken LONDON (Reuters) -British public debt is likely to soar to triple its current level over the next 50 years if future governments do not take action, due to pressures from an ageing population, climate change and geopolitical risks, a watchdog said on Thursday. The Office for Budget Responsibility (OBR) said debt was …
UK fiscal watchdog warns of soaring debt over coming decades Read More »
MILAN (Reuters) – Commerzbank and UniCredit shares extended gains on Thursday after the Italian bank’s CEO Andrea Orcel laid out plans to buy more of its German rival or even take it over, fuelling speculation about further dealmaking in the region. By 0845 GMT shares in Commerzbank were up 2.6%, rising further after Orcel told …
Commerzbank, UniCredit shares extend gains as Orcel lays out plans Read More »
(Reuters) – UK-based Vertical Aerospace said on Thursday it had completed the first phase of piloted testing of a prototype of its flagship air taxi, VX4. The VX4 has 1,500 pre-orders worth $6 billion from companies including Virgin Atlantic, American Airlines and Japan Airlines. The phase one testing included multiple piloted tethered flights and ground …
Air-taxi maker Vertical completes phase one testing of prototype Read More »
