(Reuters) – Goldman Sachs raised United Kingdom’s 2025 and 2026 economic growth forecasts on Friday by 0.1 percentage point respectively, citing a modest boost to demand growth in the near-term. “Firmer demand is likely to result in marginally higher wage growth and inflation, but the magnitudes involved suggest that the implications for the BoE are …
Goldman Sachs raises UK’s 2025 and 2026 growth forecast Read More »
By William Schomberg LONDON (Reuters) – Britain’s next prime minister Keir Starmer spent the election campaign accusing Rishi Sunak’s Conservatives of “14 years of economic failure”, but he has no obvious quick fix to lift the country out of its slow-growth rut. Living standards have stagnated since Conservatives took power in 2010 and Britain’s recovery …
UK election-winner Starmer inherits weak economy with ‘no magic wand’ Read More »
By Maria Martinez (Reuters) – German industrial production unexpectedly fell in May, adding to signs that manufacturing in Europe’s largest economy will not recover in the coming months. Industrial production fell in May by 2.5% compared to the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had predicted a 0.2% …
German industrial output declines unexpectedly in May Read More »
By Ricardo Brito BRASILIA (Reuters) – Brazil’s environmental agency IBAMA has sued Syngenta alleging the chemicals company caused “environmental damage” by producing and selling pesticides using much higher concentrations of a carcinogen than allowed under law, according to court documents seen by Reuters. In the suit filed last week, IBAMA said it was seeking damages …
Brazil sues Syngenta for alleged environmental damage Read More »
ZURICH (Reuters) – Switzerland and the European Union resumed talks on financial market regulation on Thursday after dialogue was suspended in 2017, the Swiss government said. Issues relating to financial market stability, cross-border activities, capital markets, digital finance, cybersecurity, sustainable finance and insurance were discussed during a meeting in Bern, the government said in a …
Switzerland, EU restart financial market talks after long hiatus Read More »
(Reuters) – HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG, for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter. Julius Baer is also among potential bidders for the wealth-management business which could be valued at 300 million euros …
BNP, UBS said to show Interest in HSBC’s German Wealth Unit, Bloomberg News reports Read More »
By Jesus Calero, Shubham Batra and Shristi Achar A (Reuters) -European shares rose on Thursday amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as voting began in the UK general election with polls predicting a historic victory for the Labour party. The pan-European STOXX 600 index rose 0.6% …
European shares advance on rate optimism; UK election in focus Read More »
(Reuters) – Bpifrance Executive Director Jose Gonzalo said that the public investment bank is considering a potential investment in Sanofi’s consumer health unit, Bloomberg News reported on Thursday. The French public investment bank is in talks with “many funds” and may team up with the winning bidder for Sanofi’s consumer health unit, Gonzalo was quoted …
Bpifrance eyes investment in Sanofi’s consumer health business Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London’s FTSE 100 closed nearly 1% higher on Thursday, boosted by gains in medical equipment company Smith & Nephew, while parliamentary polls in the country were underway with the Labour Party looking set to win. The blue-chip FTSE 100 was up 0.9% and saw its best day in …
Britain’s FTSE 100 up nearly 1% with Labour favoured to win election Read More »
ROME (Reuters) -The newly-formed joint venture between Germany’s Rheinmetall and Italy’s Leonardo is a first step in the consolidation of the European defence vehicle sector, the chief executives of the two groups said on Thursday. Rheinmetall CEO Armin Papperger added that the agreement, announced on Wednesday, could capitalise on a European market worth more than …
Rheinmetall, Leonardo CEOs say deal paves way for EU defence consolidation Read More »
