By Canan Sevgili LONDON (Reuters) -Sterling gained against the dollar on Tuesday, after weaker British jobs data did not shake investors’ belief that the Bank of England would keep rates steady, while the U.S. currency was under more pressure from a likely Federal Reserve rate cut. Sterling rose as much as 0.3% to $1.3645, its …
Sterling rises against dollar on Fed-BoE policy divergence Read More »
LONDON (Reuters) -Sky, the British pay-TV group owned by Comcast, will cut around 600 jobs as the company completes a three-year period of investment in its product and platforms, a person familiar with the matter said on Tuesday. The company will now focus on making its services faster, simpler and more reliable, the person said. …
MADRID (Reuters) -Spanish Economy Minister Carlos Cuerpo on Tuesday raised the 2025 economic growth forecast to 2.8% from a previous 2.6%. He also told reporters gross domestic product was now expected to expand by 0.7% in the third quarter. (Reporting by David Latona; Editing by Inti Landauro)
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Denmark on Tuesday announced plans to increase spending in Greenland, pledging 1.6 billion Danish crowns ($253 million) for healthcare and infrastructure investments between 2026 and 2029, as international interest in the Arctic island intensifies. U.S. President Donald Trump has said he wants to take control of Greenland, a semi-autonomous territory within …
Denmark pledges $253 million for Greenland’s infrastructure, healthcare Read More »
By Indradip Ghosh BENGALURU (Reuters) -German home prices will rise 3% in 2025, after a two-year decline, and grow slightly faster through 2027, according to a Reuters poll of property experts who said affordability would worsen. The real estate sector in Europe’s biggest economy is gradually emerging from its deepest slump in decades, recent data …
By Miranda Murray BERLIN (Reuters) – German investor expectations rose unexpectedly in September, the ZEW research institute said on Tuesday, in a sign of cautious optimism despite the economy’s poor performance compared to other Group of Seven (G7) nations. The ZEW’s economic sentiment index, which looks at mid-term expectations, rose to 37.3 points from 34.7 …
German investor morale unexpectedly rises in September, ZEW finds Read More »
By Florence Tan and Amy Lv SINGAPORE/BEIJING (Reuters) -Energy and commodities trader BGN is building a metals trading desk, the Turkish firm said on Tuesday, in a bid to expand business into minerals essential for the energy transition. BGN, a privately owned energy trading group with more than 80 years of history, is known for …
By Jaspreet Kalra (Reuters) -U.S. companies are lining up to borrow in euros with bond sales hitting a record $100 billion so far this year, reflecting attractive European funding conditions and a growing willingness among issuers and investors to shift away from the dollar. The likes of Google-parent Alphabet, Visa, PepsiCo, payments firm Fiserv and …
Analysis-From Alphabet to Visa, US giants drive euro-denominated bond surge Read More »
By Aditya Soni and Echo Wang (Reuters) -Meta is expected to double down on AI-powered augmented reality products with new smart glasses at its annual Connect event on Wednesday, even as the company faces scrutiny over its handling of child safety on its social media platforms. At its Menlo Park, California-based headquarters, CEO Mark Zuckerberg …
Meta to debut costlier smart glasses with display at annual Connect event Read More »
FRANKFURT (Reuters) -Euro zone industrial production inched higher in July, confirming views that the sector is holding up despite trade tensions, even if its rate of expansion is anaemic, data from Eurostat showed on Tuesday. Industrial output in the 20 nations sharing the euro rose by 0.3% on the month, just trailing expectations for 0.4% …
Euro zone industrial output inches up but remains weak Read More »
