By Balazs Koranyi FRANKFURT (Reuters) – European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said. The ECB cut interest rates in June …
ECB policymakers at odds over downturn’s impact, sources say Read More »
(Reuters) – Novo Nordisk said the shortage of lower strengths of its diabetes drug Ozempic has deteriorated, with intermittent shortages for all strengths expected into the final quarter of 2024 due to increased demand and along with capacity constraints at some of its manufacturing sites. In a note published by the European Medicines Agency (EMA) …
Novo Nordisk’s Ozempic shortage expected to continue into Q4 Read More »
BERLIN (Reuters) – Further cost-cutting measures will be implemented at the German state railway Deutsche Bahn in an attempt to return it to profitability over the next three years, a government representative told Reuters on Monday. “A three-year revamp across the whole company is in the works,” the source said, adding that previously announced job …
Further cost-cutting measures to come at German state railway, source says Read More »
(Reuters) -Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch’s estate in the UK. The U.S. company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate …
HP to continue $4 billion damages case against Mike Lynch Read More »
LONDON (Reuters) – British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and accelerate a decline in output, an industry group said on Monday. The Labour government, elected in July, has said the …
UK North Sea tax changes mean $16 billion revenue drop, industry body says Read More »
HAMBURG (Reuters) – Germany’s refined sugar production from beets in the new 2024/25 season is forecast to rise to about 4.77 million metric tons, up about 13% from last season’s 4.22 million tons, the WVZ sugar association said on Monday in its first harvest forecast. The country’s farmers increased plantings to 385,000 hectares of sugar …
German refined sugar output expected to rise by 13%, industry group says Read More »
LOVIISA, Finland (Reuters) – Finnish utility Fortum said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian nuclear fuel at its Loviisa power plant in Finland. “The loading of the new fuel is a significant milestone that guarantees a reliable Western alternative for fuel,” Fortum …
Finland’s Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking. Financial stocks ended the week as the most net sold sector at Goldman Sachs’ prime …
Hedge funds bet against banks, insurance and property, says Goldman Sachs Read More »
LONDON (Reuters) – British factories had their strongest month in more than two years in August as demand at home offset a fall in exports, according to a survey published on Monday that added to signs of momentum in the economy. The S&P Global UK Manufacturing Purchasing Managers’ Index rose to 52.5 from 52.1 in …
UK factories report strongest month since 2022, PMI shows Read More »
LONDON (Reuters) – Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell at its sharpest pace this year. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, stood at 45.8 in …
Euro zone August factory activity stuck in a rut, PMI shows Read More »
