A look at the day ahead in European and global markets from Ankur Banerjee: Investors will get more political drama as France is all but certain to start looking for its fifth prime minister in three years, plunging the euro zone’s second-biggest economy into turmoil. Francois Bayrou faces a confidence vote on Monday, which he …
Morning Bid: From one political kerfuffle to another Read More »
ZURICH (Reuters) -The Swiss National Bank sees a high bar before reintroducing negative interest rates, chairman Martin Schlegel said in his last interview before the central bank’s monetary policy decision later this month. The SNB would not hesitate to act if necessary, Schlegel told Migros-Magazin, but he was also aware of the undesirable effects of …
Swiss National Bank chief sees high bar to negative rates – Migros-Magazin Read More »
By Yoruk Bahceli and Stefano Rebaudo LONDON/MILAN (Reuters) -The European Central Bank is set to hold interest rates steady for a second straight meeting on Thursday, with investors watching for any hints that the bank is done with cutting them. A hawkish tone from ECB chief Christine Lagarde in July dented market expectations for further …
Are we done already? Five questions for markets ahead of ECB Read More »
LONDON (Reuters) -Tottenham Hotspur said its majority shareholder has received and rejected two preliminary expressions of interest for a possible takeover and insists the Premier League club is not for sale. Speculation about a possible change of ownership has increased since executive chairman Daniel Levy stepped down after almost 25 years in the post on …
Soccer-Tottenham Hotspur owner rejects takeover interest, insists club not for sale Read More »
By David Milliken LONDON (Reuters) -British employers offered the lowest pay settlements in more than three-and-a-half years in July and hiring continued to slow – albeit by less than in previous months – according to surveys of employers and recruiters released on Monday. The figures are likely to reassure some Bank of England policymakers that …
UK pay settlements drop to lowest since December 2021 Read More »
(Reuters) -Over 150 bosses from Europe’s electric car industry signed a letter on Monday urging the European Union to stick to its 2035 zero emission target for cars and vans. The electric car industry’s signatories, including Volvo Cars and Polestar, warned against any delays to the targets, saying in the letter that would mean stalling …
Europe’s electric car industry urges EU not to delay CO2 emission targets Read More »
(Reuters) – Internet connectivity in multiple countries including India and Pakistan has been affected due to subsea cable outages in the Red Sea, internet monitoring group Netblocks said. Similar internet disruptions were also observed on Etilasat and Du networks in the United Arab Emirates, Netblocks said. It was not immediately clear who was responsible for …
Red Sea cable cuts disrupt internet across Asia and the Middle East Read More »
PARIS (Reuters) -Chanel and Dior are among a record number of top fashion brands that will introduce new designers’ collections on the catwalk in the coming weeks, aiming to reignite shoppers’ interest in a bruised luxury industry that lost one of its greats, Giorgio Armani, last week. The stakes are high for the $400 billion …
High stakes for high fashion: brands bet on luxury revival on the catwalk Read More »
MOSCOW (Reuters) -Russia is fully compliant with its OPEC+ commitments, Russian Deputy Prime Minister Alexander Novak said on Sunday. Eight OPEC+ members agreed to raise oil production by 137,000 bpd in October, the group said in a statement. The oil market is balanced, and the deal is being implemented on a very high level, Novak …
Russia is fully compliant with OPEC+ commitments, Novak says Read More »
By Luke Tyson, Hadeel Al Sayegh and Iain Withers DUBAI/LONDON (Reuters) – Emirati real-estate developers are looking to lure British investors to the United Arab Emirates where a weaker dirham, pegged to the U.S. dollar and battered by Donald Trump’s tariffs, has made property significantly cheaper for buyers with pounds. Their push to target British …
Dubai looks to capitalise on weak dirham to lure British home buyers Read More »
