FRANKFURT (Reuters) – A pay increase for tens of thousands of workers at Germany’s public-sector banks has been agreed with management, a labour union said, brightening prospects for a wage deal for the private banks after months of wrangling and strikes. The deal, sealed on Thursday and announced by the Verdi union on Friday, comes …
Workers at German public banks clinch pay deal after months of wrangling Read More »
LONDON (Reuters) – The British pound edged lower against the U.S. dollar on Friday and was on track for a weekly loss of around 0.5%, as optimism surrounding peace talks in Ukraine faded, while UK manufacturing growth hit a 13-month low. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 55.2 in March, …
Sterling slips as manufacturing growth falls to 13-month low Read More »
LONDON (Reuters) – British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed on Friday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 55.2 – revised down from a preliminary “flash” reading of 55.5 – …
UK manufacturing growth hits 13-month low in March – PMI Read More »
By Susan Mathew (Reuters) – European shares rose slightly after early sluggishness on Friday, as a rally in bank stocks helped outweigh worries about economic growth and inflation, with Europe facing a deadline to start paying for Russian gas in roubles. Russian President Vladimir Putin threatened to cut off gas supplies unless paid in local …
Banks help European shares rise amid gas supply worries Read More »
By Devik Jain (Reuters) – London’s FTSE 100 inched higher on Friday, adding to a weekly gain that would be its fourth in a row, as consumer staples and financial stocks advanced, while private equity firm Bridgepoint Group helped mid-caps eke out gains. The blue-chip FTSE 100 rose 0.3%, with Reckitt Benckiser Group climbing 2% …
FTSE 100 rises on consumer staples boost, Bridgepoint leads mid-caps higher Read More »
LONDON (Reuters) – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove a broader surge in prices. Uncertainty caused by the invasion combined with an intensifying cost-of-living crisis suggests the bloc’s manufacturing industry could …
Euro zone March factory growth slumped, downturn possible -PMI Read More »
(Reuters) -Worldline has bought a controlling stake in ANZ’s commercial acquiring business, completing the creation of a 51%-49% joint venture that it will control, the French payments company said on Friday. Announced in December 2020, the alliance is “a unique opportunity” for Worldline to expand its merchant acquiring business outside of Europe, it said in …
Worldline takes controlling stake in ANZ’s commercial acquiring business Read More »
BERLIN (Reuters) – Germany manufacturers reported slower growth and far more pessimistic expectations for factory activity in March, as the war in Ukraine weighed on export demand and led to renewed supply bottlenecks, a survey showed on Friday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Europe’s …
Impact of Ukraine war pushes German factory activity to 18-month low – PMI Read More »
PRAGUE (Reuters) -Czech National Bank interventions to stem crown losses will continue if necessary, Governor Jiri Rusnok told Czech Television on Friday, as policymakers fight against excessive depreciation pressures after Russia’s invasion of Ukraine. The central bank announced on Friday it was active in the foreign exchange market and conducting operations against excessive fluctuations and …
Czech central bank interventions will continue if necessary, governor says Read More »
By Carolyn Cohn and Lawrence White LONDON (Reuters) -Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s invasion of Ukraine. Banks, investors and insurers have in recent days ratcheted up that pressure by exiting investments …
Financial screws turned on Russia as insurers exit, London stocks halted Read More »
