By Chuck Mikolajczak NEW YORK (Reuters) – Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today. Data on Wednesday showed U.S. consumer prices increased …
Barclays reduces Fed rate cut view to one in 2024 Read More »
By Sruthi Shankar, Khushi Singh and Pranav Kashyap (Reuters) -UK equities closed Wednesday’s volatile session higher as investors pondered the outlook for global rates after hotter-than-expected U.S. inflation data tempered expectations the Federal Reserve would cut rates several times this year. The blue-chip FTSE 100 rose 0.3%, recovering from losses of as much as 0.2% …
UK equities end volatile session higher as investors ponder rate outlook Read More »
By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) – Independent browser companies in the European Union are seeing a spike in users in the first month after EU legislation forced Alphabet’s Google, Microsoft and Apple to make it easier for users to switch to rivals, according to data provided to Reuters by six companies. …
Exclusive-EU’s new tech laws are working – small browsers gain market share Read More »
STOCKHOLM (Reuters) – Norway’s top three food retailers face a combined 4.9 billion Norwegian crowns ($459 million) in fines for breaching antitrust regulations, less than a quarter of the originally proposed penalty, the country’s competition authority said on Wednesday. In 2020, the Norwegian Competition Authority said the three firms faced fines totalling a record 21 …
Antitrust fine for Norway’s food retailers cut to $460 million Read More »
(Reuters) – Stuttgart-based sportscar maker Porsche delivered 4% fewer vehicles globally in the first quarter of 2024 compared to 2023, it said on Wednesday, citing a challenging market in China and customs-related delivery delays in North America. Global deliveries stood at 77,640 cars worldwide, Porsche said, with deliveries down 24% and 23% year-on-year in China …
(Reuters) – German carmaker Volkswagen saw a slight rise in vehicle deliveries during the first three months of the year, as it recorded a growth in China as well as North and South America Volkswagen delivered a total 2.10 million vehicles during the first quarter, representing a 3.1% rise compared to the same time period …
By Johann M Cherian and Ozan Ergenay (Reuters) -European shares rose on Wednesday, led by gains in technology-related stocks ahead of a crucial inflation report out of the United States, while Barry Callebaut was on track for its best day in over five-and-a-half years following results. The pan-continent STOXX 600 added 0.7% by 0833 GMT, …
Tech stocks power STOXX 600 higher; Barry Callebaut jumps Read More »
LONDON (Reuters) – Tesco, Britain’s biggest retailer, is seeing an improvement in consumer sentiment, its boss said on Wednesday, highlighting easing inflation and strong employment levels as key factors. “There is loads of uncertainty out there but I see a gentle improvement in customer sentiment and our business is in really good shape, so on …
UK consumer sentiment on the up, says Tesco boss Read More »
By Helen Reid PARIS (Reuters) – German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to carve out space in an increasingly competitive running and lifestyle market. Puma CEO Arne Freundt aims to boost sales of …
Puma hones focus on speed in Olympic battle with Adidas and Nike Read More »
By Tom Sims FRANKFURT (Reuters) -A months-long wage dispute at Deutsche Bank’s Postbank arm is escalating with additional strikes ahead of a fourth round of talks next week as employees demand a 15.5% pay raise. The pressure comes as Germany’s largest lender tries to keep a lid on costs and as it manages customer service …
Strikes at Deutsche Bank’s Postbank escalate as labour demands 15.5% pay rise Read More »
