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French watchdog halts iPhone 12 sales over too-high radiation – minister

12 Sep 2023

PARIS (Reuters) – Apple must stop selling its iPhone 12 model in France due to above-threshold radiation levels, France’s junior minister for the digital economy told newspaper Le Parisien in an interview published on Tuesday. France’s radiation watchdog ANFR notified Apple of its decision to ban iPhone 12 sales after it had carried out tests …

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Dutch watchdog says Goldman had short position in Philips

12 Sep 2023

AMSTERDAM (Reuters) -The Dutch financial markets watchdog said on Monday an investigation had revealed that Goldman Sachs held a large gross short position in healthcare equipment maker Philips on Aug. 14, counterbalancing a previously disclosed long position. There was no suggestion of any wrongdoing. The additional disclosure is part of a review by the Financial …

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European bourses want to offer pan-EU share price feed to investors

12 Sep 2023

By Huw Jones LONDON (Reuters) -European stock exchanges including Euronext and Deutsche Boerse have joined forces as they seek to offer an aggregated feed of share prices for investors to spot the best deals across a fragmented trading landscape. The exchanges said on Tuesday they have created a company that will bid in a tender …

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ECB’s crucial 2024 projection to put inflation above 3%, source says

12 Sep 2023

By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a tenth consecutive interest rate increase on Thursday, a source with direct knowledge of the discussion told Reuters on Tuesday. The ECB begins a two-day meeting on Wednesday, …

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Moldova minister predicts 2.5% economic growth

12 Sep 2023

By Alexander Tanas CHISINAU (Reuters) – Moldova should achieve economic growth of 2.5% this year, slightly better than previous forecasts, but much less than what the government hopes to achieve, the economic development minister said on Tuesday. The former Soviet republic remains one of Europe’s poorest countries, but under pro-European President Maia Sandu, elected in …

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FTSE 100 gains for fourth day as pound weakens after labour report

12 Sep 2023

By Siddarth S and Shreyashi Sanyal (Reuters) -London’s FTSE 100 rose on Tuesday as the pound fell after data showed Britain’s labour market weakened in July, even as wage growth stayed strong, while a plunge in Smurfit Kappa’s shares capped gains. The exporter-heavy FTSE 100 index closed up 0.4%, gaining for the fourth straight day …

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German investor morale brightens in September – ZEW

12 Sep 2023

BERLIN (Reuters) -German investor sentiment unexpectedly improved in September, as investors expect a stop in interest rates hikes. The ZEW economic research institute on Tuesday reported a rise in its economic sentiment index to -11.4 points from -12.3 points in August. Analysts polled by Reuters had pointed to an August reading of -15.0. “The brighter …

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Britain toughens safeguards on financial promotions

12 Sep 2023

LONDON (Reuters) – Britain’s financial watchdog said on Tuesday it will introduce tougher safeguards from February on how financial adverts are approved, aiming to crack down on “harmful” promotions. Until now a company regulated by the Financial Conduct Authority (FCA) can approve financial promotions posted by unregulated companies. “This has caused harm, with firms approving …

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Nothing to toast as Italy loses wine-making leadership to France

12 Sep 2023

ROME (Reuters) – Wine output in Italy looks set to fall 12% this year to below 44 million hectolitres after extreme weather and fungal diseases severely hit vineyards, Italian wine lobbies UIV and Assoenologi said on Tuesday. The tumble means Italy will lose its position as the world’s largest wine producer, with France set to …

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German gearbox maker Renk plans Frankfurt IPO this year

12 Sep 2023

BERLIN (Reuters) – Germany’s Renk, which makes gearboxes for tanks, said on Tuesday it planned an initial public offering (IPO) on the Frankfurt Stock Exchange this year to fund expansion of its international operations and gain access to new financing options. It said the offering would comprise existing shares owned by Renk’s majority owner, private …

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