By Rae Wee SINGAPORE, Dec 3 (Reuters) – Global shares were on steadier footing on Wednesday, helped by an overnight rebound on Wall Street as a brief selloff in bond markets and cryptocurrencies abated. Bitcoin reclaimed the $90,000 level and hit a two-week high while Nasdaq and S&P 500 futures rose 0.2% each. EUROSTOXX 50 …
Stocks steady as slide in bitcoin, global bonds hit pause Read More »
A look at the day ahead in European and global markets from Rae Wee There have been a couple of instances over the past month where a market rally was abruptly halted by sudden risk aversion – sometimes with little obvious trigger – only for an upswing to follow shortly afterwards, again for hardly any …
By Tim Hepher and Allison Lampert PARIS, Dec 3 (Reuters) – Airbus engineers have found defects on a wider set of A320 fuselage panels as they prepare to inspect hundreds of jets for a flaw that the company’s chief executive says is hurting deliveries. A presentation to airlines seen by Reuters showed that the total …
Airbus prepares A320 inspections as fuselage flaw hits deliveries Read More »
DUBLIN, Dec 3 (Reuters) – A rebound in Ireland’s services sector accelerated at its fastest pace in three-and-a-half years in November, with growth driven by increased gains in current activity and new business, a survey showed on Wednesday. The AIB Ireland Services Business Activity Index climbed to 58.5 in November from 56.7 in October, the …
Irish services sector growth tops three-year high in November, PMI shows Read More »
By Shariq Khan and Robert Harvey NEW YORK/LONDON, Dec 2 (Reuters) – Gunvor’s new CEO, Gary Pedersen, said on Tuesday there were no immediate plans to rebrand the Swiss-based commodities trader, a day after he took over in an abrupt management buyout less than a month after the U.S. Treasury described Gunvor as “the Kremlin’s …
No rebrand for now, says new Gunvor CEO, as he reckons with US pressure over Russia Read More »
By Allison Lampert and Nathan Gomes Dec 2 (Reuters) – Boeing expects positive cash flow in 2026, lifted by higher deliveries of its commercial jets, the company’s finance chief said on Tuesday, sending the U.S. planemaker’s shares up 10%. Boeing has been trying to improve its image and win a race for narrow-body plane orders …
Boeing CFO expects higher jet deliveries, positive cash flow next year Read More »
By Kanjyik Ghosh and Anousha Sakoui Dec 2 (Reuters) – Qatar’s sovereign wealth fund plans to reduce its stake in Britain’s second-largest supermarket group Sainsbury’s by nearly 4%, a term sheet showed on Tuesday, ending its near-two-decade reign as top shareholder in the chain. Qatar Investment Authority plans to offer shares at 317.6 pence ($4.20) …
Qatar cuts Sainsbury’s stake to end near two-decade reign as top shareholder Read More »
By Marc Jones LONDON, Dec 2 (Reuters) – Ukraine’s GDP warrants leapt to their highest level in over four years on Tuesday after the government launched a formal plan to restructure the fixed income instruments that could otherwise cost Kyiv billions of dollars in the coming years. Ukraine wants to retire the $3.2 billion of …
Ukraine’s GDP warrants leap on restructuring proposal Read More »
LONDON, Dec 2 (Reuters) – Banks should increase their lending to boost the economy following a reduction in the amount of capital they need to set aside, the Bank of England Governor Andrew Bailey said on Tuesday. Bailey told a press conference that while it was not for the BoE to dictate how banks run …
Bank of England’s Bailey urges banks to boost lending after capital change Read More »
By Catarina Demony LONDON, Dec 2 (Reuters) – The financial system risks undermining global trade if it fails to adapt to the economy’s needs, with developing countries likely to suffer the most, the UN Trade and Development Agency said on Tuesday. Shifts in financial markets now drive global trade almost as much as real economic …
Global financial system must adapt to better serve economy, UN trade agency says Read More »
