ALMATY (Reuters) -Workers removed the branding from McDonald’s outlets in Kazakhstan’s biggest city, Almaty on Friday after the fast food giant’s local business appeared to fall victim to collateral damage from the Russia-Ukraine war. The brand’s exit from the Central Asian nation of 20 million divided opinion on social media and among onlookers near one …
By Tassilo Hummel and Sudip Kar-Gupta PARIS (Reuters) – France’s power suppliers have agreed to offer small businesses struggling with price rises a guaranteed tariff of 280 euros ($298) on average per megawatt hour, Finance Minister Bruno Le Maire said. “This is a guaranteed tariff and it is an enormous relief,”said Le Maire after a …
France says energy firms agree tariff to help small businesses Read More »
LONDON (Reuters) – Britain’s rail industry body the Rail Delivery Group said on Friday it had offered the ASLEF train drivers’ union an improved pay offer in exchange for reforms to how the railways are run, in a bid to end an ongoing industrial dispute. Drivers at 15 train companies went on strike on Thursday …
British rail industry group makes new pay offer to striking train drivers Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) – Britain’s FTSE 100 index hit a more than three-year high on Friday, boosted by miners and energy stocks, while slower-than-expected U.S. jobs growth fuelled hopes that the world’s largest economy may be less aggressive in raising interest rates. The export-oriented FTSE 100 closed up 0.9%, while …
FTSE 100 hits three-year highs as mining, energy stocks rise Read More »
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares closed at seven-month highs on Friday, boosted by miners and oil stocks, while data pointing to a moderation in U.S. jobs growth helped calm nerves over the Federal Reserve’s rate-hike trajectory. The continent-wide STOXX 600 index closed 1.2% higher, its highest level since May. For …
European shares end at seven-month high, best week since March Read More »
(Reuters) – French lender BNP Paribas SA said on Friday it had submitted ideas for an overhaul of its consumer finance department to unions, after a media report that it was planning a restructuring of the unit. “BNP Paribas Personal Finance presented its strategic reflections to the social partners regarding the refocusing of its activities …
BNP Paribas considers restructuring of consumer finance unit Read More »
By Mimosa Spencer PARIS (Reuters) – Birkin bag maker Hermes is opening a new, enlarged store in China’s Nanjing city, signalling the luxury industry’s confidence in a strong return of Chinese shoppers after three years of tough COVID-19 restrictions. Hermes, which first opened a store in the city in 2010, has now relocated to the …
Hermes expands in Nanjing as luxury industry bets on Chinese return Read More »
By Andy Bruce LONDON (Reuters) – British house prices slid in December, capping the largest quarterly drop since the financial crisis more than 10 years ago, data from mortgage lender Halifax showed on Friday. The average house price fell by 1.5% month-on-month in December, following a 2.4% fall in November and marking the fourth consecutive …
Biggest UK house price fall recorded since financial crisis Read More »
(Reuters) – Citigroup analysts turned “underweight” on U.S. equities on recession fears but were bullish on European stocks, saying much of the pessimism was already priced-in. The U.S. bank upgraded its view on continental European equities to “overweight”. More broadly, it expects earnings per share for stocks in the MSCI All Country World index to …
Citigroup cuts U.S. stocks to ‘underweight’, favours European equities in 2023 Read More »
(Reuters) – Russia’s rouble rose against the dollar and euro on Friday, as oil prices lifted during thin holiday trading. The rouble gained 0.55% against the dollar to 71.79 ​​by 0735 GMT, and 0.86% against the euro to 75.57​​. The price of oil, Russia’s main export, extended gains from the previous session amid hopes of …
Russian rouble advances vs dollar, euro in light holiday trade Read More »
