BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, eased in November, a survey showed on Friday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing rose to 42.6 in November from 40.8 in October, increasing for the fourth month in a row but still …
German manufacturing downturn eased in November – PMI Read More »
MADRID (Reuters) – The European Central Bank has raised the minimum capital requirements for Spanish lenders BBVA, Caixabank, Sabadell and Bankinter as part of a supervisory review and evaluation process (SREP). The process provides an overall assessment of the challenges that face significant institutions, together with the corresponding solvency requirements and other supervisory measures that …
ECB raises minimum capital requirements for Spanish banks Read More »
By Marta Frackowiak and Terje Solsvik OSLO (Reuters) -Viaplay shares tumbled by as much as 82% on Friday as the struggling Swedish streaming group said it would raise new equity and restructure its debt in a rescue plan that would sharply dilute the holdings of existing owners. Under pressure to stabilise its business as rising …
Sweden’s Viaplay to raise cash, restructure debt, shares plunge 82% Read More »
(Reuters) – European shares gained on Friday as investors cheered growing prospects of rate cuts on cooler-than-expected inflation prints, while keeping an eye out for more economic data and Federal Reserve Chair Jerome Powell’s remarks. The pan-European STOXX 600 was up 0.5% at 0810 GMT in a broad-based rally, after logging its strongest monthly gain …
European shares climb ahead of economic data, Fed’s Powell remarks Read More »
ZURICH (Reuters) -Switzerland’s economy grew by 0.3% during the third quarter, the government said on Friday, as the service sector helped offset stagnating manufacturing growth. The rate – adjusted for sporting events – was up from the flat development in gross domestic product in the previous April to June period, and was better than the …
By Patrick Wingrove (Reuters) -Novo Nordisk said on Thursday it sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33%. The Danish drugmaker said it found impurities in all the drugs …
Novo Nordisk finds compounded Wegovy up to 33% impure, sues Florida pharmacies Read More »
LONDON (Reuters) -British house prices rose unexpectedly in monthly terms for the third time running in November, adding to signs that the housing market downturn has abated, mortgage lender Nationwide said on Friday. House prices rose by 0.2% on the month in November, after a 0.9% increase in October. A Reuters poll of economists had …
UK housing market shows new signs of strength – Nationwide Read More »
By Yoruk Bahceli and Davide Barbuscia LONDON (Reuters) -A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in the United States and Europe as evidence grows that inflationary pressures are fast abating. Money markets are now pricing in over 100 basis …
Market pushback on central banks’ rates view just got louder Read More »
LONDON (Reuters) -Britain will intervene in the acquisition of the Telegraph Media Group by Abu Dhabi-backed RedBird IMI on public interest grounds, with regulators on Thursday asked to examine the deal’s impact on accuracy and freedom of expression. The right-leaning Daily Telegraph broadsheet and Spectator magazine, favourites of politicians in the ruling Conservative Party, are …
Britain intervenes to refer Abu Dhabi-backed Telegraph deal to regulators Read More »
By Farouq Suleiman LONDON (Reuters) -Britain’s largest railway workers’ union, the RMT, on Thursday accepted a pay offer from train companies that will pause strikes over the Christmas period as further negotiations over future pay and working practices continue. The deal follows more than a year of industrial action across the transport network alongside strikes …
