LONDON (Reuters) – Copper prices were on Friday set for their biggest weekly fall in a year, down around 6.5%, as investors worried that efforts by central banks to stem inflation will stifle global economic growth and reduce demand for metals. Other industrial metals also tumbled, with nickel shedding around 13% this week and tin …
Copper heads for worst weekly loss in a year, nickel and tin plunge Read More »
By Jonathan Stempel NEW YORK (Reuters) -A New York state regulator on Friday fined cruise line operator Carnival Corp $5 million for “significant” cybersecurity violations, following four security breaches from 2019 to 2021 that exposed substantial amounts of sensitive customer data. New York’s Department of Financial Services said Carnival violated a state cybersecurity regulation by …
Carnival is fined $5 million by New York for cybersecurity violations Read More »
By Sruthi Shankar and Susan Mathew (Reuters) -European stocks jumped 2.6% on Friday, pushing them into positive territory for the week as investors started to scale back central bank tightening bets, spurring inflows into risky assets. The pan-European STOXX 600 index marked its best session in more than three months. It had hit a fresh …
By Boleslaw Lasocki (Reuters) -UK’s FTSE 100 rose on Friday, lifted by defensive stocks at the end of a choppy week that saw investor anxiety over hawkish central banks, weak economic readings and heightened risks of a global recession. The blue-chip index climbed 2.7%, with the biggest rises in healthcare and consumer staples stocks that …
By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more than $100 …
European banks ace U.S. Fed’s stress test, show strong capital levels Read More »
PARIS (Reuters) -France’s unions Sud Rail, CGT and CFDT on Friday issued a joint call for a national railway worker strike on July 6, saying they want wage increases amid rising inflation. “Along with workers in France and in Europe, railway workers are sharply hit by exploding inflation, we must act to obtain wage increases,” …
French unions call for national rail strikes on July 6 Read More »
LONDON (Reuters) – European retail stocks fell on Friday to their lowest level since the onset of the COVID-19 pandemic in 2020, hit by a profit warning from online fashion retailer Zalando and data showing consumer confidence in Britain has hit a record low. The STOXX 600 retail sector, poised for its fourth consecutive week …
European retail shares slide to lowest since outbreak of COVID crisis in 2020 Read More »
By Catarina Demony and Miguel Pereira LISBON/BRUSSELS (Reuters) – Some cabin crew at Ryanair went on strike in Belgium, Spain and Portugal on Friday in a dispute over pay and working conditions, causing limited disruption as the budget airline cancelled dozens of flights that left hundreds of passengers stranded. Surging inflation across Europe has led …
Ryanair cabin staff strike cancels dozens of flights in Europe Read More »
ZURICH (Reuters) – Swiss customs officials are looking into the import of 3.1 tonnes of Russian gold in May to see whether the deals via Britain might have violated sanctions imposed on Russians over Moscow’s invasion of Ukraine, the government said on Friday. Customs data on Tuesday showed Switzerland imported around $200 million worth of …
Swiss customs reviews import of Russian gold in May Read More »
(Reuters) -TUI said on Friday Friedrich Joussen was stepping down as chief executive officer at the end of September after helming the world’s largest holiday group for nearly a decade. The company named finance chief Sebastian Ebel as Joussen’s successor and said it would propose naming the incoming CEO as chairman of the board. “When …
