By Johann M Cherian and Shristi Achar A (Reuters) -London’s main stock indexes fell on Tuesday, tracking a weak session on Wall Street after strong U.S. data fuelled fears about aggressive rate hikes by the Federal Reserve. The export-oriented FTSE 100 fell 0.6%, marking its biggest percentage loss in over three weeks, while the domestically …
London stocks fall on fears about Fed’s policy path Read More »
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – European shares fell on Tuesday, dragged down by weakness in healthcare and rate-sensitive tech stocks, with investors concerned about a global economic slowdown in the run-up to a raft of major central bank decisions. The region-wide STOXX 600 index closed 0.6% lower, extending losses for a …
European shares fall for third day on renewed global recession fears Read More »
TOKYO (Reuters) – Mercedes-Benz’s first dealership in the world dedicated to its all-electric Mercedes-EQ brand opened in Yokohama, south of the Japanese capital on Tuesday, the German automaker’s local unit said. Mercedes-Benz has rolled out five electric models since 2019 and “sees further growth in the electric vehicle market in Japan,” it said in a …
Mercedes opens its first EV-only dealership in the world in Japan Read More »
OSLO (Reuters) – Norwegian companies see a further deterioration in their outlook for the next six months, a central bank survey showed on Tuesday. “Looking ahead, contacts expect lower activity owing to rapidly rising prices and costs, higher interest rates and a decline in new public sector orders,” the central bank said in a statement. …
Norway companies see weaker outlook, central bank survey shows Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to deforestation around the world. The law will require companies to produce a due diligence statement showing that their supply chains are not contributing …
EU agrees law preventing import of goods linked to deforestation Read More »
(Reuters) – Britain’s Ashtead Group Plc forecast full-year revenue ahead of its expectations on Tuesday, encouraged by strong demand for rental equipment across its markets, as clients cut back on buying to lower capital expenditure. Companies tend to cut back spending on equipment and rent them out instead during difficult periods to lower their capital …
Equipment rental giant Ashtead shares lifted by upbeat revenue outlook Read More »
PARIS (Reuters) – Royal Schiphol Group has sold off its remaining stake in French airports company Aeroports de Paris (ADP), ADP said on Tuesday, prompting ADP’s shares to slump as the sale took place at a sharp discount to ADP’s recent share price. ADP said Royal Schiphol had sold off the shares at a price …
STOCKHOLM (Reuters) – Swedish companies have not raised consumer prices by more than is motivated by the growing costs they face, a report published by the National Institute of Economic Research (NIER) said on Tuesday. With inflation at 30-year highs this year, the previous government in August asked the think tank to look at whether …
Swedish prices have not risen more than motivated by costs, think tank says Read More »
By James Davey LONDON (Reuters) – British grocery inflation edged lower in November, a first decline in nearly two years, but remained near record highs, providing little relief for consumers ahead of the key Christmas trading period, industry data showed on Tuesday. Market researcher Kantar said grocery inflation in the four weeks to Nov. 27 …
Britain’s grocery inflation falls for first time in 21 months -Kantar Read More »
MOSCOW (Reuters) – Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. State-owned VTB said it was repelling the distributed denial of service (DDoS) attack, in …
Russian state-owned bank VTB hit by largest DDoS attack in its history Read More »
