By Shashwat Chauhan and Shubham Batra (Reuters) -Britain’s FTSE 100 climbed on Monday as heavyweight energy stocks rose, tracking strength in crude oil prices, while Vodafone’s shares topped the list of gainers after telecom firm Iliad submitted a proposal to create a joint venture in Italy. The blue-chip FTSE 100 gained 0.5%, while the more …
Energy stocks lift UK’s FTSE 100, Vodafone shines Read More »
By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly worsened in December, the Ifo institute said on Monday after its latest survey also showed a decline in both expectations and current conditions. The Ifo institute said its business climate index stood at 86.4 versus the 87.8 forecasts by analysts in a Reuters poll, following a …
German business sentiment falls in December – Ifo Read More »
MILAN (Reuters) – Shipping stocks rose across European exchanges on Monday after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Red Sea, prompting A.P. Moller-Maersk and other freight firms to avoid the route. Maersk rose 3.5% in early trade in Copenhagen, before paring some of those gains. By 0857 GMT, D’Amico …
Shipping stocks rise in Europe after Houthi attacks Read More »
MILAN/PARIS/LONDON (Reuters) -Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian units, a move that would combine its fast-growing consumer base with the British company’s strength in business in a highly competitive market. Shares in Vodafone, which said last month it was reviewing options for its Italian operation, rose …
Vodafone shares up as Iliad proposes Italian merger Read More »
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank will need at least until spring before it can reassess its policy outlook and market expectations for an interest rate cut in March or April are premature, ECB policymaker Bostjan Vasle said on Monday. The ECB left interest rates unchanged last week and guided for …
ECB rate cut bets premature, markets have eased too much: Vasle Read More »
FRANKFURT (Reuters) -IBM said on Monday that it would buy Software AG’s enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software AG’s StreamSets and webMethods platforms with available cash on hand, it said. The two units formed Software AG’s so-called “Super Ipaas” …
IBM to buy Software AG’s enterprise integration platforms for $2.3 billion Read More »
(Reuters) – The European Union’s law to guarantee a supply of minerals crucial for its green and digital transitions and to end its dependence on Chinese supply will enter force early next year after securing final approval this month. The Critical Raw Materials Act (CRMA) is designed to ensure Europe is a manufacturing base for …
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union has set targets to dig up, recycle and refine lithium, cobalt and other metals it needs for its green transition, but a shortage of new money, crippling energy costs and local opposition could put them beyond reach. The bloc will likely need to find ways to …
EU sets critical mineral goals, but faces struggle to hit them Read More »
MADRID (Reuters) – Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish children receive holiday gifts, according to labor union LAB. Around 160 workers at the Trapagaran centre in the Basque country, on the …
Workers at Amazon logistics centre in Spain plan 3-day strike over wages Read More »
(Reuters) – European shares fell on Monday led by a decline in real estate stocks, while sentiment also took a hit after major central bank officials talked down prospects of nearing interest rate cuts. The pan-European STOXX 600 shed 0.3% by 08:11 GMT, after its fifth straight weekly gain on Friday, its longest streak since …
European shares ease as real estate stocks weigh Read More »
