By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England cut interest rates on Thursday but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold, suggesting the BoE’s run of rate cuts might be nearing an end. The contrasting views of the …
Bank of England cuts rates to 4% after narrow 5-4 vote Read More »
(Reuters) -Greek oil refiner Helleniq Energy on Thursday reported a 5% year-on-year decline in its adjusted core profit for the second quarter, citing reduced production from a scheduled full turnaround at the Elefsina refinery and weaker international crude oil prices, despite improved refining margins. The group posted adjusted earnings before interest, taxes, depreciation and amortisation …
Greece’s Helleniq Energy reports 5% drop in Q2 adjusted core profit Read More »
By Paolo Laudani (Reuters) -Zurich Insurance reported a 6% rise in its first-half operating profit on Thursday as individuals and businesses continued to spend on insurance policies amid concerns over severe weather-related catastrophes. Shares in Zurich Insurance have underperformed peers this year due to the Swiss group’s high exposure to the United States and the …
Zurich Insurance posts higher operating profit, does not expect tariff hit Read More »
By Nell Mackenzie LONDON (Reuters) -Big investors are turning more cautious on areas such as passive equities and private credit this year and are more interested in hedge funds as a sector than they have been for several years, according to a Goldman Sachs survey. The survey showed 27% of large investors said they wanted …
Investors cool towards private credit and passive equities, Goldman Sachs says Read More »
MOSCOW (Reuters) -Russia’s central bank has tweaked its rules for non-residents, allowing foreigners’ funds from special type-C accounts to pass to Russian investors when involved in the exchange of assets, a move that could free up blocked capital in Russia and abroad. In response to Western sanctions over Russia’s invasion of Ukraine, which froze around …
Russia allows transfers from foreigners’ blocked accounts as part of asset swaps Read More »
MOSCOW (Reuters) -Russia’s seven-month budget deficit exceeded the target for the entire year by a quarter, Finance Ministry data showed on Thursday, highlighting the strain of financing the war in Ukraine. U.S. President Donald Trump, who is expected to meet Russian President Vladimir Putin in the coming days, said this week that the Russian economy …
Russia’s seven-month budget deficit exceeds annual target Read More »
By Alun John LONDON (Reuters) -British bond yields rose on Thursday, sending the pound higher after the Bank of England cut interest rates as expected but concern over inflation among policymakers caused markets to reduce the number of rate cuts they expect in the rest of 2025. Four of the BoE’s nine policymakers voted to …
Gilt yields rise as ‘razor-edge’ BoE vote challenges expectations of more cuts this year Read More »
By Gleb Stolyarov and James Pomfret TBILISI/HONG KONG (Reuters) -As Russia sought to ratchet up military production for the war in Ukraine, a state-owned explosives manufacturer circumvented Western sanctions by purchasing equipment made by Germany’s Siemens from a middleman that imports technology from China. The acquisition of the Siemens equipment needed to automate machinery at …
By Jesus Calero and Elviira Luoma (Reuters) -Shares in Novo Nordisk rose as much as 14% on Thursday after trial data from Eli Lilly’s experimental weight-loss pill fell short of expectations, boosting investor confidence in the Danish drugmaker’s market-leading obesity treatment. The company later pared some gains and were trading up 9% at 1240GMT. The …
Danish drugmakers jump as Eli Lilly’s weight-loss pill data disappoints Read More »
LONDON (Reuters) -The Bank of England cut interest rates to 4% from 4.25% on Thursday but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold. Here’s what Bank of England officials said in a press conference following that decision: ANDREW BAILEY, BANK OF ENGLAND GOVERNOR On …
Bank of England policymakers speak on rate cut following narrow vote Read More »
