(Reuters) – European shares scaled to record-high levels on Thursday, boosted by basic resources-linked stocks and a strong risk appetite, while traders await a raft of economic data from the euro zone and the United States. The pan-European STOXX 600 index was up 0.8% at 509.96, as of 0818 GMT. The basic resources sub-index led …
European shares hit record high on resources boost, risk appetite Read More »
MILAN (Reuters) -U.S. fund Elliott is in exclusive talks to combine its Italian bad loan business with doValue, a rival loan manager whose main shareholders are Japan’s Softbank Group and Bain Capital Credit, doValue said on Thursday. Following the proposed cash-and-share deal, Elliott Advisors would emerge as a leading investor in the combined entity with …
Elliott in talks to combine Italian bad loan business with that of Softbank Read More »
By Maria Martinez BERLIN (Reuters) – Germany’s economic downturn eased slightly in March as business activity in the country’s service sector came close to stabilising, a preliminary survey showed on Thursday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 47.4 in March from 46.3 in February. That was …
German economic downturn eases slightly in March -PMI Read More »
(Reuters) – Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy, established to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. Offshore wind developments faced a slowdown in 2023 as rising inflation, higher borrowing costs …
Shell sells stake in SouthCoast Wind Energy to Ocean Winds North America Read More »
By Jonathan Stempel (Reuters) – Meta Platforms, Microsoft, Elon Musk’s X and Match Group on Wednesday joined “Fortnite” video game maker Epic Games’ protest that Apple has failed to honor a court-ordered injunction governing payments in its lucrative App Store. The technology companies, which developed some of the most popular apps in the App Store, …
Meta, Microsoft, X and Match join Epic Games’ battle against Apple Read More »
BERLIN (Reuters) -The majority of Tesla’s staff in Germany decided against the IG Metall Union and opted for non-unionised workers for the new works council, the company said on Wednesday in a statement. The IG Metall union still expects to take 16 of 39 seats, making it the largest group in the new Tesla Gruenheide …
Tesla says most German plant employees vote against IG Metall union Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google on Thursday will seek to fend off criticism about changes to its core services mandated by landmark EU tech rules, according to a copy of a senior Google executive’s speech seen by Reuters. Oliver Bethell, a lawyer who leads Google’s EMEA competition team, will tell regulators …
Google defends Digital Markets Act changes, cites complex trade-offs Read More »
By Foo Yun Chee and Jaspreet Singh (Reuters) -Under EU guidelines likely to be adopted next week, Elon Musk’s X, TikTok, Facebook and other major online platforms are expected to act to mitigate risks to elections or face fines, a European Commission official said on Wednesday. The EU executive had in February announced the draft …
EU adopts measures soon to curb election risks on X, TikTok, Facebook Read More »
LONDON (Reuters) – Barclays is preparing to axe hundreds of jobs across its investment bank as it runs the rule over under-performers in the division, two sources familiar with the matter told Reuters. The layoffs are a result of Barclays’ annual review process and are expected to take place in the coming months, the sources …
Barclays poised to cut hundreds of investment bank jobs, sources say Read More »
By Shristi Achar A, Pranav Kashyap and Johann M Cherian (Reuters) -London’s FTSE 100 closed flat on Wednesday with caution looming ahead of the U.S. Federal Reserve’s policy decision, while softer domestic inflation data cemented bets of interest rate cuts this year from the Bank of England. The globally-focussed FTSE 100 held its ground at …
FTSE 100 ends flat in run-up to Fed verdict; UK inflation softens Read More »
