By Johann M Cherian (Reuters) -Sterling slipped on Friday and was trading close to a more than two-week low after data showed the UK economy contracted for the second month, boosting expectations that the Bank of England could lower borrowing costs next month. Gross domestic product shrank by 0.1% after a 0.3% drop in April, …
Sterling slips as weak growth data fuels rate cut expectations Read More »
By Agnieszka Gosciak and Jesus Calero (Reuters) -Norway’s largest bank DNB reported an earnings miss for the second quarter on Friday despite strong lending growth, hit by a weaker than expected interest income and higher loan losses. Its shares fell more than 8% by 1000 GMT, the biggest losers on Europe’s benchmark STOXX 600 index. …
Norway’s DNB posts profit miss on soft interest income, loan losses Read More »
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image. A recall query is an investigation opened by safety regulators when a remedy to solve an issue appears inadequate. The NHTSA …
US safety regulator opens recall query into over 27,000 Polestar 2 vehicles Read More »
By Rachel More BERLIN (Reuters) -Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday. Ford has been undergoing a painful restructuring in Europe, with cuts in …
Ford agrees voluntary redundancies for troubled e-car site in Cologne Read More »
MILAN (Reuters) -The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday. ECB governing council member Fabio Panetta told an annual meeting of Italy’s banking association that the current outlook, which projects …
ECB should ease monetary policy if disinflationary trends intensify, Panetta says Read More »
(Reuters) -Britain’s Warehouse REIT recommended Blackstone’s sweetened bid to its shareholders on Friday, withdrawing support for industry peer Tritax Big Box REIT’s offer for the logistics specialist. Blackstone raised its offer for the London-listed company to about 489 million pounds ($662.20 million) on Thursday, outbidding Tritax’s cash-and-stock offer of 485.2 million pounds. Logistics has remained …
UK’s Warehouse REIT shifts allegiance to Blackstone over Tritax Read More »
FRANKFURT (Reuters) -The hurdle for another interest rate cut by the European Central Bank is “very high” as the euro zone economy is holding up better than expected despite uncertainty over trade, ECB board member Isabel Schnabel said in an interview published on Friday. Having halved its policy rate in just a year, the ECB …
ECB’s Schnabel sets bar ‘very high’ for rate cut as economy holds up Read More »
HAMBURG (Reuters) -Inland waterways freight shipping on the river Mosel in western Germany is back to normal with ships able to use a damaged lock for sailings in both directions on the river, navigation authorities said on Friday. Shipping was stopped on the river, an important transit route for grains and rapeseed between Germany and …
Mosel river in Germany reopened to shipping, damaged lock working Read More »
(Reuters) -French consumer prices rose more than initially estimated in June, confirming a broader euro zone trend of gradually rising inflation as service costs accelerate and declines in energy price moderate. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was revised up to 0.9% year-on-year in June from a preliminary reading …
French inflation revised higher to 0.9% as service costs rise Read More »
By Chris Mfula LUSAKA (Reuters) -Copper miners remain bullish on the metal’s future prospects even as a looming 50% U.S. tariff creates short-term price volatility, Barrick Mining Corp CEO Mark Bristow said in Zambia, where the company is expanding its operations. U.S. President Donald Trump said on Wednesday he would impose the new copper tariff …
Copper’s positive, long-term trajectory unchanged despite US tariff, Barrick CEO says Read More »
