FRANKFURT (Reuters) -Euro zone banks unexpectedly tightened access to corporate credit in the third quarter, with German lenders leading the way on fears over the economic outlook and tariffs, the European Central Bank said based on a quarterly survey. Lending growth has been inching up for most of this year as the ECB’s two percentage …
Euro zone banks tighten credit access on trade risks, ECB survey shows Read More »
FRANKFURT (Reuters) -Euro zone consumers have lowered their inflation expectations for the next year and kept unchanged their view further ahead, indicating that price growth is no longer a major worry, the European Central Bank’s Consumer Expectations Survey showed. Inflation has been hovering around the ECB’s 2% target for most of this year and the …
Euro zone consumers maintain benign inflation view, ECB survey shows Read More »
By Mathieu Rosemain PARIS (Reuters) -BNP Paribas missed third-quarter profit forecasts on Tuesday as a cautious mood among major corporate clients and higher provisions for bad loans, including an undisclosed issue at its markets arm, weighed on results. BNP’s investment bank revenues rose, but trailed Wall Street rivals after a strong run in markets. Its …
BNP hurt by rising bad loans as clients turn cautious Read More »
(Reuters) -Britain’s largest broadband provider BT Group is mulling the launch of a low-cost mobile brand, the Financial Times reported on Tuesday, citing people familiar with the matter. BT is understood to be considering options including creating a new brand, or buying an existing mobile virtual network operator, the newspaper said. The move is said …
By Iain Withers LONDON (Reuters) -Britain’s National Wealth Fund (NWF) must be allowed to take risks and back projects that ultimately fail, lawmakers said on Tuesday, as the state-owned investor tries to step up backing for local infrastructure and companies to stimulate growth. The NWF was launched by Britain’s Labour government last year to help …
UK wealth fund must accept some failures as price of taking risks, say lawmakers Read More »
By Javi West Larrañaga (Reuters) -Spain’s blue-chip index IBEX 35 on Tuesday hit a new record high, surpassing its previous all-time peak in November 2007, in a year in which it has outperformed every major European equity market, driven by a strong economic environment. The index, which rose by as much as 0.3% on the …
Spain’s blue-chip IBEX finally tops 2007 record high Read More »
ZURICH (Reuters) -Swiss electronics company Cicor said on Tuesday it has agreed to acquire two production sites from Swiss peer Valtronic in Cleveland, Ohio, and in Morocco, which gives the firm its first U.S. location and expands its capacity in the African country. Cicor did not detail the value of the transaction, but said it …
Switzerland’s Cicor buys sites from Valtronic, securing US foothold Read More »
(Reuters) -British cryptocurrency company KR1 said on Tuesday it plans to uplist its stock to the main market of the London Stock Exchange, to enhance its visibility and broaden investor base. KR1’s move comes at a time when decentralised blockchain companies have gained a strong foothold in the global financial system and are of great …
British crypto firm KR1 targets London main market listing Read More »
LONDON (Reuters) -Global miner Anglo American on Tuesday posted a 9% drop in copper production in the first nine months of the year but maintained its 2025 guidance for the transition metal, and raised its outlook for iron ore output. Anglo said its copper output stood at 183,500 metric tons in the July to September …
Anglo American posts 9% drop in copper output in first nine months Read More »
By Leo Marchandon and Noemie Naudin (Reuters) -French IT consulting firm Capgemini raised its growth forecast on Tuesday, citing solid demand for AI solutions and strong performance in North America, after its third-quarter revenue rose by 2.9% in constant currency terms. The Paris-based company now expects its annual revenue to grow between 2% to 2.5%, …
Capgemini lifts revenue forecast as North America and AI demand drive growth Read More »
