LONDON (Reuters) – Credit Suisse on Wednesday bumped up its estimate for peak Bank of England interest rates to 4.75% from 4.5%, citing recent upside surprises to growth, inflation and labour market data. “We now expect the BoE to hike rates twice more in May and June by 25 basis points each,” Credit Suisse economists …
Credit Suisse bumps up peak Bank of England rate view Read More »
BERLIN (Reuters) -The German Chamber of Commerce and Industry (DIHK) on Wednesday slashed its forecast for real growth of German exports in 2023 to 1% from a previously predicted 2.5%. The lower growth forecast was based on a survey of 5,100 German companies abroad, the DIHK said. German companies with overseas operations are more positive …
Germany’s DIHK slashes forecast for 2023 real exports growth to 1% Read More »
By Jacob Gronholt-Pedersen, Greg Roumeliotis and Marie Mannes COPENHAGEN/NEW YORK (Reuters) -U.S. asset manager Apollo Global Management Inc plans to apply for approval from Swedish and Danish regulators to take a majority stake in SAS AB as part of the Scandinavian airline’s rescue plan, a source familiar with the matter said. The news of interest …
BRUSSELS (Reuters) – Euro zone unemployment rate fell to 6.5% in March, the European Union’s statistics office Eurostat said, a decline that points to a further tightening of the labour market an spells more trouble for the European Central Bank in fighting inflation. The March unemployment rate in the 20 countries using the euro is …
By Paolo Laudani and Johannes Toft Thyssen (Reuters) -Swiss industrial group OC Oerlikon said on Wednesday its orders fell nearly 14% in the first quarter, as weak filament demand in China led to postponements at its polymer business. Oerlikon shares were up more than 2% in early trading, however as despite the drop in order …
Oerlikon orders fall as soft China demand hits polymers Read More »
By Shubham Batra (Reuters) -European shares rose on Wednesday on optimism that the U.S. Federal Reserve could hint at a future pause in its tightening cycle due to resurfacing banking sector worries and a potential debt default. The pan-European STOXX 600 index climbed 0.4%, after a sharp selloff in the previous session. Food and beverages …
MADRID (Reuters) – Spanish oil company Repsol is close to buying a majority stake in power retailer CHC Energia, the Expansion newspaper reported on Wedneday, citing unidentified market sources. Repsol aims to buy a 50.01% stake in CHC Energia in a deal that would value the utility at between 150 million euros ($165.5 million) and …
Repsol close to deal for power utility CHC Energia, Expansion reports Read More »
(Reuters) – French aerospace company Latecoere said on Wednesday that discussions with stakeholders on ways to improve its capital structure are progressing. The group, which is partly owned by U.S. private equity firm Searchlight Capital, is in the midst of a restructuring process and in talks with its stakeholders, which include the French state. In …
France’s Latecoere says talks on potential capital reconfiguration progressing Read More »
COPENHAGEN (Reuters) – Danish jewellery maker Pandora will slow down a planned country-wide relaunch of its brand in China as customer demand has yet to recover to pre-pandemic levels, the company’s CEO said on Wednesday. Pandora sees China as a potential driver of future growth, but the world’s largest jewellery market is recovering slowly from …
Jewellery maker Pandora to slow down brand relaunch in China Read More »
By Ron Bousso LONDON (Reuters) – The world’s top 11 energy traders made around $77 billion in earnings last year, more than double the previous year, amid huge price volatility, according to Bernstein analysts. Shell and BP, the world’s two energy largest traders in volume, delivered around $16.6 billion and $11.5 billion in earnings before …
Top energy traders doubled earnings in 2022 to $77 billion -Bernstein Read More »
