By Bansari Mayur Kamdar (Reuters) – European shares extended their rally on Friday, on track to end the week higher, following a sharp jump in the previous session after the European Central Bank (ECB) signalled an end to its rate hike cycle. The STOXX 600 rose 0.9%, supported by gains in China-exposed luxury stocks after …
European shares set to end week higher after ECB signals end to rate hikes Read More »
BRUSSELS (Reuters) – The euro zone swung to an unadjusted 6.5 billion euro trade surplus in July from a 36.3 billion euro deficit a year earlier as costs of energy imports plunged and exports of manufactured goods surged, data showed on Friday. The European Union’s statistics office Eurostat said the unadjusted trade balance in the …
LONDON (Reuters) -The British public’s predictions for inflation in the coming years were broadly stable during August, according to a Bank of England survey that will reassure its officials that expectations are not spiralling out of control. The BoE’s inflation attitudes survey, conducted by polling firm Ipsos, showed inflation expectations for the coming year rose …
UK public inflation expectations stabilise: Bank of England survey Read More »
(This Sept. 13 story has been refiled to fix second reference to SAR as Specific Absorption Rate, not Standard Absorption Rate, in paragraph 5) By Jennifer Rigby and Martin Coulter LONDON (Reuters) – France’s radiation watchdog has banned sales of Apple’s iPhone 12 after tests that it said showed the smartphone breached European radiation exposure …
Why has France banned sales of Apple’s iPhone 12? Read More »
By Curtis Williams (Reuters) – Shell PLC has given financial approval for the development of the massive Manatee gas field offshore Trinidad and Tobago, the country’s Prime Minister Keith Rowley said on Thursday. Trinidad is Latin America’s largest LNG exporter, but its flagship Atlantic LNG project no longer receives enough gas supply to keep its …
Shell greenlights development of Trinidad’s Manatee offshore gas field Read More »
By Huw Jones LONDON (Reuters) – In the latest sign the EU may be taking a more accommodative approach to post-Brexit Britain, the bloc’s Spanish presidency has proposed watering down a law that would effectively force banks to shift business from London to the continent. The European Commission has proposed a law, now being scrutinised …
EU states consider easing post-Brexit derivatives clearing plan Read More »
By Huw Jones LONDON (Reuters) – Global securities regulators have proposed tightening how the leveraged loan market operates to tackle “vulnerabilities” after a prolonged period of low interest rates led to deteriorating standards. Leveraged loans are loans extended to companies that already have high debt, and therefore are at a higher risk of default. Global …
Global watchdog tackles ‘vulnerabilities’ in leveraged loans Read More »
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – Bayer’s new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, three people familiar with the matter said. Bill Anderson, at the helm since June, is …
Exclusive-Bayer’s new CEO plans to cut management jobs in prelude to overhaul Read More »
By Anna Tong (Reuters) -Artificial intelligence leader OpenAI is opening an office in Dublin, the Microsoft-backed company said Thursday. It is the company’s third office. Its headquarters are in San Francisco and it announced it was opening a London office in June. The Dublin office will be the company’s European base and is starting small, …
OpenAI launches office in Dublin with nine job listings Read More »
By Siddarth S and Shubham Batra (Reuters) -The UK’s FTSE 100 hit its highest in six weeks on Thursday after the European Central Bank signalled an end to its monetary tightening cycle, while industrial metal miners led the gains after a surge in iron ore prices. The exporter-heavy FTSE 100 index rose the most in …
FTSE 100 hits six-week high as ECB signals end to rate hikes Read More »
