By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -Europe’s STOXX 600 was subdued on Friday in thin pre-holiday trading after a turbulent week where hopes of an improving economic outlook overshadowed fears of recession and hawkish central banks. The STOXX 600 was flat by close and bound for a 0.6% weekly advance. With the early …
European shares end the week before Christmas higher Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -UK’s FTSE 100 closed flat on Friday, with markets struggling to find direction as they head into the holiday weekend, while strong U.S economic data fanned fears of interest rates staying higher for longer. The export-oriented FTSE 100 closed flat, while the domestically oriented FTSE 250 …
UK’s FTSE 100 subdued ahead of Christmas weekend Read More »
MADRID (Reuters) -A union representing shop assistants at fashion retailer Zara has called off planned strikes in the company’s hometown in northern Spain following an agreement on a 25% pay rise, a union leader said on Friday. Around 1,000 workers at Zara shops and other Inditex fashion brands had announced they would strike on Dec. …
Zara shopworkers call off strikes in company’s hometown after 25% pay rise – union Read More »
ROME, Dec 23 (Reuters) – Morale amongst Italian businesses and consumers rose in December, data showed on Friday, although the manufacturing sector was more downbeat. National statistics institute ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, climbed to 107.8 in December, compared with November’s reading of 106.5. The …
Italy business and consumer morale rises in December, but manufacturers more downbeat Read More »
(Reuters) – The Spanish economy expanded 0.1% in the third quarter, slowing from a 2.0% growth rate in the previous three-month period, the National Statistics Institute (INE) said on Friday. The GDP data for the third quarter was revised from a preliminary 0.2% growth announced two months ago, official data showed. The revised year-on-year growth …
Spain Q3 GDP expands 0.1% q/q, 4.4% y/y, INE final data shows Read More »
PARIS/ROME (Reuters) – French bank Credit Agricole on Friday struck a long-term bancassurance partnership with Italy’s Banco BPM (BBPM) and bought some of its assets, strengthening ties with a lender in which it is already the top shareholder. The deal allows the provision of non-life insurance products and related services through BBPM’s networks for a …
Credit Agricole strikes bancassurance deal with Italy’s Banco BPM Read More »
ATHENS (Reuters) – Greece will increase subsidies on energy bills to 840 million euros ($892.08 million) in January to continue supporting households and businesses against soaring energy prices, Energy Minister Kostas Skrekas said on Friday. The support – double the subsidies allocated in December – will be funded by a windfall tax on power producers …
Greece to double subsidy on energy bills to 840 million euros in January Read More »
OSLO (Reuters) -Norway’s Vaar Energi, majority owned by Italy’s Eni, said on Friday it had made a gas discovery near the Goliat field in the Arctic Barents Sea, supporting the group’s long-term plans to expand in the area. “This is the largest discovery on the (Norwegian continental) shelf this year and comes as a Christmas …
MILAN (Reuters) – Stellantis has entered exclusive talks with France’s Faurecia and Michelin to buy a “substantial” stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said on Friday. Stellantis, the world third-largest carmaker, launched hydrogen-powered mid-size vans late last year and aims to expand its hydrogen …
Stellantis in talks to buy ‘substantial’ stake in hydrogen mobility company Symbio Read More »
(Reuters) – Canada on Thursday awarded two contracts valued at up to C$1.24 billion ($908.69 million) to support the CH-149 Cormorant helicopter fleet, which contributes to search and rescue operations. The two contracts were awarded to Canadian company CAE Inc and Britain’s Leonardo U.K. Ltd of Yeovil, the Canadian government said in a statement. ($1 …
Canada awards two contracts to support search and rescue operations Read More »
