Reuters UK Business

By Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by disappointing earnings and nerves ahead of a policy decision by the U.S. Federal Reserve, which is expected to hike rates by the most since 2000 to tame inflation. The pan-European STOXX 600 index dropped 0.5% in morning trade, with most regional indexes also trading …

Lacklustre earnings, Fed nerves weigh on European shares Read More »

LONDON (Reuters) -British consumer borrowing rose solidly in March and mortgage lending hit its highest since September as house prices surged, according to Bank of England data that showed no early sign of a hit to economy from the country’s cost-of-living squeeze. Lending to consumers rose by 1.3 billion pounds ($1.6 billion) in net terms, …

UK consumer and mortgage lending rise again in March – BoE Read More »

FRANKFURT (Reuters) – BASF is looking into a deal to transfer the Russian assets and operations of its oil and gas business Wintershall Dea to co-investor LetterOne, Bloomberg reported on Wednesday. Offloading Wintershall Dea’s Russia-based energy assets could allow BASF to revive plans for an initial public offering of the remaining business, Bloomberg cited people …

BASF weighs transferring Wintershall’s Russian assets to co-owner – Bloomberg Read More »

By Huw Jones and Pratima Desai LONDON (Reuters) -Britain’s accounting watchdog has opened four investigations into audits by King & King of steel and aluminium companies owned by metals tycoon Sanjeev Gupta’s GFG Alliance, it said on Wednesday. The Financial Reporting Council said the investigations are into the financial statements of Liberty Speciality Steels Limited, …

UK watchdog probes audits of Gupta-owned metal companies Read More »

By Emma Farge GENEVA (Reuters) -The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an “outcome document” for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June. WTO director-general Ngozi Okonjo-Iweala, who has made vaccine equity her …

Main negotiators reach ‘outcome’ on COVID vaccine IP waiver -WTO Read More »

(Reuters) – Insurer American International Group Inc reported a nearly 17% rise in quarterly profit on Tuesday that topped market estimates, as strong underwriting gains and lower catastrophe losses cushioned a drop in investment income. The company – one of the world’s biggest commercial insurers – said gross premiums written in its general insurance business …

AIG profit beats estimates on strong underwriting gains Read More »

By John McCrank NEW YORK (Reuters) – The sudden drop in European shares on Monday following an erroneous trade in the Nordic markets is the latest example of a “flash crash” in which the price of an asset quickly drops before bouncing back. The term “flash crash” became part of the market’s lingo after the …

Factbox-European ‘flash crash’ was latest of many globally over the past decade Read More »