By Stefano Rebaudo (Reuters) – Sterling dropped against a strengthening U.S. dollar on Tuesday, with investors closely watching economic data and market bets on the Bank of England’s future moves. Higher yields and a strong economy usually increase demand for the nation’s currency. The pound rose more than 2% versus the greenback last week, its …
Sterling falls versus dollar, focus on economic data, BoE Read More »
By Maria Martinez BERLIN (Reuters) – German companies are more likely to invest in international locations than in Germany, a survey of the German Chamber of Industry and Commerce (DIHK) and the German Chambers of Commerce Abroad (AHK) showed on Tuesday. A third of the 3,600 companies surveyed were planning to invest more in their …
German companies prefer foreign investment to domestic – DIHK Read More »
COPENHAGEN (Reuters) -Norway’s competition authority on Tuesday said the planned sale of Danske Bank’s Norwegian personal customer business to rival bank Nordea could hurt customers, and that a regulatory review of the deal was thus extended. Denmark’s Danske Bank in July announced the sale of its Norwegian personal customer and private banking business to Finland’s …
Norway regulator says Nordea-Danske deal could hurt competition Read More »
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck said on Tuesday it expects a slight decline in the heavy duty truck market in North America and Europe next year, with inflationary pressures continuing to have an impact. Shares in Daimler Truck, which was spun off from Mercedes-Benz, were down 3.8% despite the German truck and bus …
Daimler Truck expects to feel inflationary heat in 2024 Read More »
(Reuters) – European shares were subdued on Tuesday as a drag in energy stocks offset gains in financials, while Watches of Switzerland jumped to a more than one-month high following a strong second-quarter update. The pan-European STOXX 600 was flat by 0815 GMT, having snapped a five-day gaining streak on Monday. It had climbed more …
European shares subdued as energy counters gains in financials Read More »
By David Milliken LONDON (Reuters) -British house prices ended a six-month declining streak in October, but the increase reflects a shortage of properties on sale and renewed falls are likely, mortgage lender Halifax said on Tuesday. Halifax, part of Lloyds Banking Group, said house prices in October were 1.1% higher than the month before, the …
UK house prices end six-month losing streak: Halifax Read More »
By Noele Illien ZURICH (Reuters) -UBS Group reported a $785 million loss in the third quarter after expenses tied to the Swiss bank’s takeover of Credit Suisse while signalling that its core wealth business is stabilising. The loss was worse than the $444 million loss attributed to shareholders that analysts had expected in a UBS …
UBS dragged into the red by Credit Suisse takeover but inflows cheer Read More »
COVENTRY, England (Reuters) – More than 1,000 workers at an Amazon warehouse in central England were striking on Tuesday as part of a long-running dispute over pay, the GMB trade union said. The workers, who walked out of the U.S. retail giant’s site in Coventry, also plan to strike on Wednesday and Thursday, as well …
By Blake Brittain (Reuters) – Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for making upper portions of sneakers. The lawsuits said that several New Balance athletic shoes and Skechers sneakers misuse Nike’s patented “Flyknit” technology for running, soccer and …
Nike sues New Balance, Skechers for patent infringement over sneaker technology Read More »
(Reuters) – Abcam shareholders on Monday approved the proposal from Danaher to acquire all outstanding shares of the company for $24 per share in cash. (Reporting by Pratik Jain; Editing by Shounak Dasgupta)
