FRANKFURT (Reuters) -Euro zone inflation will remain at or near the European Central Bank’s 2% target in the coming years and growth is seen slowly picking up towards its potential, a key ECB survey showed on Friday. The ECB left interest rates unchanged for the third meeting in a row on Thursday, arguing that the …
Key ECB survey sees benign inflation path around target Read More »
BERLIN (Reuters) -Thyssenkrupp has appointed company executive Marie Jaroni as the new CEO of its steel business to replace Dennis Grimm, who agreed to leave the division, the company said on Friday. Jaroni comes to the role, effective November 1, after a brief tenure as the steel unit’s chief sales officer and chief transformation officer, …
Thyssenkrupp names Marie Jaroni as new steel boss Read More »
FRANKFURT (Reuters) -Euro zone firms are enjoying a slight improvement in business conditions but this still points to only modest growth, even if some sectors, such as AI, are booming, the ECB’s survey of non-financial companies showed on Friday. The ECB kept policy unchanged on Thursday, saying the economic outlook remained in line with its …
Euro zone business conditions improving, AI is booming, ECB survey shows Read More »
LONDON (Reuters) -British house prices rose in October, lender Nationwide said on Friday outpacing forecasts by economists and adding to signs of demand in the housing market in the run-up to finance minister Rachel Reeves’ budget which is likely to include tax increases. Nationwide said its house price index increased by a monthly 0.3% after …
UK house prices rise in October, defying pre-budget nerves Read More »
COPENHAGEN (Reuters) -Danske Bank, Denmark’s biggest lender, reported third-quarter net profit slightly above expectations on Friday, supported by stable net interest income, and said it expected full-year net profit to be at the upper end of its guided range. Nordic banks have seen central bank rate cuts across the region weigh on interest income over the …
Danske Bank reports third-quarter net profit slightly ahead of forecasts Read More »
By Greg Bensinger and Deborah Mary Sophia (Reuters) -Amazon’s cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly …
Amazon shares soar as cloud growth beats expectations Read More »
By Naomi Rovnick and Alun John LONDON (Reuters) -The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a quarter point on Wednesday but pushed back against market bets that it would keep going as the Washington shutdown fogs up its forecasting lens. The Bank of …
Global central banks converge towards rate cut caution Read More »
A look at the day ahead in European and global markets from Ankur Banerjee A whirlwind October is set to end with investors unsure of the global monetary policy path in the near term, while a trade truce between the world’s top two economies calmed market nerves even as a mixed bag of mega-cap earnings …
By Jacob Gronholt-Pedersen, Louise Rasmussen and Maggie Fick COPENHAGEN (Reuters) -Denmark’s Novo Nordisk launched a rival bid for U.S. obesity biotech firm Metsera on Thursday, hijacking an offer from Pfizer as the drugmakers jostled for advantage in the highly lucrative weight-loss drug market. Novo Nordisk, the company behind blockbuster weight-loss drug Wegovy and diabetes drug …
Novo Nordisk launches bidding war with Pfizer for US obesity biotech Metsera Read More »
By Deborah Mary Sophia, Akash Sriram and Jaspreet Singh (Reuters) -Four of the biggest U.S. technology companies flagged plans this week to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s ability to fund its plans from its cash flow. Alphabet, Microsoft, Facebook-owner Meta and Amazon all announced plans …
Tech leaders boost AI spending, but Alphabet’s cash flow wins investor favor Read More »
