By Johann M Cherian, Ozan Ergenay and Ankika Biswas (Reuters) – An overall market decline dragged Europe’s benchmark stock index to a more than two-week low on Friday, following hawkish comments from some Federal Reserve officials, a spike in Middle East tensions and hotter-than-expected U.S. jobs data. The continent-wide STOXX 600 fell 0.9%, logging its …
Europe’s STOXX 600 at two-week low in broader market decline Read More »
BRUSSELS (Reuters) – Two senior executives at global commodity trader Trafigura will retire this year, the company said on Friday, clearing the way for a new generation of management in the latest reshuffle at the firm. In September last year, the Geneva-based firm slimmed down its management by consolidating division leadership. Ben Luckock became the …
Top Trafigura executives retire as new generation steps up Read More »
LONDON (Reuters) – Britain’s construction industry expanded last month for the first time since August, albeit only slightly, according to a survey on Friday that added to signs of improvement in the economy after a recession in the second half of 2023. The S&P Global UK Construction Purchasing Managers’ Index rose to 50.2 in March …
UK construction sector ekes out first growth since August 2023, survey shows Read More »
By Maria Martinez (Reuters) -German industrial orders grew more slowly than expected in February, showing that weak demand in the manufacturing sector continues to drag on Europe’s biggest economy. New orders increased by 0.2% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. A Reuters poll …
Weak rise in orders points to more gloom for German industry Read More »
By Ron Bousso and Yadarisa Shabong LONDON (Reuters) -Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months. In an update ahead of quarterly results on May 2, Shell also said its oil trading results are expected …
Shell sees significantly lower Q1 LNG trading results Read More »
By John Revill ZURICH (Reuters) – Artificial intelligence will lead to many companies employing fewer people in the next five years, staffing provider Adecco Group said on Friday, in a new survey highlighting the upheaval AI will bring to the workplace. Some 41% of senior executives expect to have smaller workforces because of AI technology, …
AI seen cutting worker numbers, survey by staffing company Adecco shows Read More »
By Ross Kerber and Saeed Azhar (Reuters) -Influential proxy adviser Glass Lewis joined another adviser in urging Goldman Sachs to split the CEO and chairman roles held by David Solomon, and further broke with management by calling on shareholders to reject the bank’s executive pay plans. The recommendations came as Solomon scales down Goldman’s consumer …
Goldman Sachs urged to separate CEO, chair roles by proxy advisers Read More »
By Jody Godoy NEW YORK (Reuters) -A U.S. judge ordered British billionaire Joe Lewis on Thursday to pay a $5 million fine and serve three years of probation for sharing illegal stock tips, allowing an investment firm’s 87-year-old founder to avoid prison after prosecutors and his attorneys urged leniency. U.S. District Judge Jessica Clarke in …
British billionaire Joe Lewis fined $5 million by US judge for insider trading Read More »
By Mike Spector, Chris Prentice and David Shepardson (Reuters) – The U.S. Justice Department next week will meet with lawyers for families of victims of two fatal Boeing 737 MAX crashes that killed 346 people in 2018 and 2019, as the government decides whether to move ahead with a criminal case, according to correspondence Reuters …
Exclusive-U.S. Justice Department to meet Boeing fatal crash victims’ lawyers Read More »
(Reuters) – Credit data group Experian said on Thursday it had agreed to acquire peer illion for up to A$820 million ($542.10 million), as it taps further into a growing market in Australia and New Zealand. Australia’s central bank in December said it was considering a slate of new regulations for the payments system to …
Credit data firm Experian bulks Australia presence with $542 million deal Read More »
