By David Milliken LONDON (Reuters) -Britain’s economy pulled out of recession at a faster pace than previously thought in the first three months of this year, revised official data showed on Friday, but the broader economic backdrop remains fragile ahead of next week’s election. British gross domestic product expanded by 0.7% from the previous quarter, …
UK economy picks up in early 2024, too late for election boost Read More »
(Reuters) – Aircraft delivery issues are having a “brutal” impact on Lufthansa and will not be resolved before the end of the decade, according to CEO Carsten Spohr. Speaking at the business press club in Stuttgart late Thursday, Spohr said the aircraft shortage could be costing Lufthansa some 500 million euros ($535.00 million) a year, …
Aircraft delivery delays having ‘brutal’ impact on Lufthansa, says CEO Read More »
By Shashwat Chauhan and Jesus Calero (Reuters) -European shares rose on Friday as firmer crude oil prices lifted energy stocks, with investors also keeping an eye on an U.S. inflation print which could be key in gauging the global monetary policy path. The pan-European STOXX 600 gained 0.2% as of 0838 GMT, after closing lower …
Energy stocks boost European shares in lead-up to U.S. inflation data Read More »
(Reuters) -Video game services group Keywords Studios said on Friday it was willing to agree to a 1.96 billion pound ($2.48 billion) takeover by EQT if the private equity firm made a formal offer at that price. The latest proposal is lower than a 25.50 pound per share proposal from EQT first disclosed in May. …
Keywords Studios set to recommend $2.48 billion takeover by EQT Read More »
ZURICH (Reuters) – The Swiss National Bank bought foreign currencies worth 281 million Swiss francs ($312.47 million) in the first quarter of 2024, it said on Friday, reversing its recent policy of selling forex to strengthen the franc. The amount of dollars, yen and euros bought contrasted sharply with the 22.7 billion francs in forex …
Swiss National Bank switches to forex purchases in first quarter Read More »
FRANKFURT (Reuters) – Euro zone consumers continued to cut their inflation expectations and also grew more optimistic on employment prospects even as they still saw economic contraction ahead, a fresh European Central Bank survey showed on Friday. Inflation has fallen rapidly from double digit territory in late 2022, but policymakers now see it hovering on …
ECB survey shows consumers becoming more optimistic on inflation Read More »
FRANKFURT (Reuters) -Euro zone countries should not cut bank capital buffers and some should even increase them given record profits in the sector and clouds on the horizon, the European Central Bank said on Friday. Lending has all but come to a halt in the euro zone for the past year as the ECB’s high …
ECB wants countries to raise, not cut bank capital buffers Read More »
BERLIN (Reuters) – The number of people out of work in Germany rose more than expected in June, Federal Labour Office figures showed on Friday. The office said the number of unemployed grew by 19,000 in seasonally adjusted terms. Analysts polled by Reuters had expected that figure to rise by 15,000. (Reporting by Maria Martinez; …
German unemployment rises more than expected in June, labour office says Read More »
By Jonathan Stempel NEW YORK (Reuters) – Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps. Lawyers for investors filed a preliminary settlement to end the eight-year-old …
Ten big banks settle US interest rate swaps rigging litigation Read More »
(Reuters) -Nokia will acquire Infinera Corp in a deal valuing it at $6.65 per share, or an enterprise value of $2.3 billion, the companies said on Thursday. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
