(Reuters) – Spain’s gross domestic product grew by 5.5% in 2022, official data showed on Friday, confirming a preliminary estimate released in January. Spanish GDP in the last quarter of 2022 grew 2.6% year-on-year, the National Statistics Institute said, down from a flash estimate of 2.7%. The INE reiterated the country’s economy expanded 0.2% in …
Spain’s GDP expands 5.5% in 2022 in line with preliminary estimate Read More »
By Sarah Young LONDON (Reuters) -British industrial technology company Smiths Group has upgraded its annual forecasts after a 27% increase in first-half profit as demand for its products soars on decarbonisation trends and from airport upgrades. The FTSE 100 group makes precision scanners used at airports, venues and borders, as well as valves, connectors and …
Smiths Group gets growth boost from decarbonisation drive Read More »
LONDON/FRANKFURT (Reuters) -Deutsche Bank shares fell for a third day on Friday, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe’s banks. Deutsche shares, which have lost a fifth of their value so far this month, were last …
Deutsche Bank shares tumble, default insurance cost shoots up Read More »
LONDON (Reuters) -The European Union’s securities watchdog has fined S&P Global Ratings Europe 1.1 million euros ($1.19 million), after finding the ratings company had published a number of credit scores before the relevant securities had been issued. The European Securities and Markets Authority (ESMA) also issued a public notice for breaches of credit rating agencies …
S&P Global fined 1.1 million euros for premature publication of ratings Read More »
By Sudip Kar-Gupta PARIS (Reuters) – French business activity strengthened in March by more than forecast, a monthly survey showed on Friday, as the euro zone’s second-biggest economy benefited from growth in its dominant services sector. S&P Global said its flash reading for the March purchasing managers’ index (PMI) for France’s services sector stood at …
French business activity strengthened in March -flash PMI Read More »
OSLO (Reuters) -Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will vote in favour of a shareholder motion calling on Starbucks to report on how it respects labour rights, the fund’s manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks’ shares, worth $1.2 billion at the end of 2022, according …
Norway wealth fund to vote for labour rights motion at Starbucks AGM Read More »
By David Milliken LONDON (Reuters) -Cash-strapped British households cut back on eating out and takeaways last month and instead bought food at supermarkets and shopped at discount stores, giving an unexpected boost to retail sales, official data showed on Friday. British retail sales unexpectedly rebounded by 1.2% in February from the month before, returning sales …
British retail sales rebound despite cash-strapped consumers Read More »
By Kate Abnett and Philip Blenkinsop BRUSSELS (Reuters) -Germany and the European Union are on course to resolve a dispute over the bloc’s planned 2035 phaseout of CO2-emitting cars, EU leaders said at a summit in Brussels on Thursday. Berlin’s last-minute opposition to one of Europe’s biggest climate change policies was not part of the …
EU, Germany edge towards solution on combustion engine row Read More »
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -As a series of U.S. lenders were besieged by customers yanking out their money this month, banking behemoths JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp., warned employees: do not make it worse. JPMorgan, the nation’s largest bank, told all employees they “should …
(Reuters) – Credit Suisse AG and UBS group AG are among the banks under scrutiny in a U.S. Justice Department investigation into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday The banks were included in subpoenas sent out by the government, the report said, citing people familiar with the matter. …
Credit Suisse, UBS among banks facing U.S.’s Russia-sanctions probe -Bloomberg News Read More »
