By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists expect higher interest rates to keep up the pain even as inflation eases. Friday’s figures showed no change to the Office for National Statistics’ (ONS) …
UK economy makes weak start to 2023 as inflation weighs Read More »
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares rose on Friday as lacklustre data on China’s factory activity spurred hopes of more policy stimulus, while investors awaited key inflation readings for more clues on the direction of global interest rates. The pan-European STOXX 600 index was up 0.7% by 0825 GMT. The index was …
European shares climb on China stimulus hopes; inflation data in focus Read More »
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automaker’s charging network unit Electrify America has already agreed to use the system. The announcement comes as a slew of automakers and charging equipment makers choose Tesla’s charging design on concerns of losing out on customers …
Volkswagen in talks with Tesla to adopt its charging standard Read More »
(Reuters) – U.S. private equity firm Silver Lake said on Thursday it has secured a majority of 63% in Software AG and intends to pursue a delisting of the business software developer. Earlier this month, Bain Capital and Rocket Software sold all their shares in Software AG to Silver Lake, helping the company gain a …
Silver Lake secures 63% stake in Software AG after months-long pursuit Read More »
LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March which dismissed its patent infringement claims against British online supermarket and technology group Ocado. The two pioneers in warehouse storage technology have faced off in multiple jurisdictions around the world to protect their intellectual property. …
AutoStore to appeal London high court loss to Ocado in patent feud Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe’s electricity market, after disagreements between Germany and France over the issue sunk a deal last week. EU energy ministers failed to agree the reforms last week, after countries including Germany, …
EU countries eye tighter subsidies in hunt for energy market deal – draft Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund’s executive board on Thursday completed its first review of Ukraine’s $15.6 billion loan program, allowing Kyiv to immediately withdraw $890 million for budget support as it mounts a major offensive against Russia’s invasion. The board’s approval brings Ukraine’s withdrawals under the program launched on March 31 …
IMF board completes Ukraine loan review, allowing $890 million withdrawal Read More »
MADRID (Reuters) – The Spanish government is planning to widen the anti-trust watchdog’s tools to analyze which factors are potentially limiting competition in the banking sector and preventing lenders from paying higher interest rates on retail deposits. Spanish banks offer the lowest household deposit rates among the euro zone’s large economies, igniting demands from the …
Spain plans giving powers to anti-trust body to oversee deposit remuneration Read More »
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen by Reuters. UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with …
Credit Suisse appoints investment banking management committee -memo Read More »
By David Milliken LONDON (Reuters) -The Bank of England has no need to raise interest rates further to curb inflation, and risks having to make a sharp U-turn if it tightens policy any more, BoE rate-setter Silvana Tenreyro said in her last speech as an official at the central bank. Tenreyro has opposed raising interest …
Bank of England’s Tenreyro warns against rate rises, says cuts may be needed Read More »
