LONDON (Reuters) -Bank of England Governor Andrew Bailey said earlier this month that he was sticking with a “gradual and careful” approach to cutting interest rates as uncertainty from U.S. tariffs clouds the outlook. In May, the BoE’s Monetary Policy Committee voted 5-4 to cut interest rates by a quarter of a percentage point to …
Bank of England policymakers’ comments on the UK outlook Read More »
By Suban Abdulla LONDON (Reuters) – The Bank of England is set to keep rates on hold next week, sticking with its gradual approach to cuts after a reduction in May, but investors will look for hints on whether a slowing economy and weaker wage growth could speed up the pace of easing. All 60 …
Bank of England to keep rates steady despite slower job market Read More »
MILAN (Reuters) -Prosecutors in Milan are looking into the Italian government’s sale of a 15% stake in Monte dei Paschi di Siena last November to a small group of investors, two sources with knowledge of the matter said. Italy’s economy ministry sold the stake via an accelerated bookbuilding (ABB) procedure. The sources did not provide …
Italian prosecutors probe government sale of Monte dei Paschi stake, sources say Read More »
LONDON (Reuters) -Drugmaker Novo Nordisk is once again Europe’s largest company by market capitalisation, rising above German software firm SAP on Friday. The Danish company reached $367.91 billion in market value, including its unlisted shares, according to LSEG data. Chipmaker ASML is in third place. (Reporting by Alun John and Samuel Indyk; Editing by …
Novo Nordisk regains crown as Europe’s most valuable company Read More »
LONDON (Reuters) -The British public’s expectations for inflation over the medium term remained at their highest in several years although short-term expectations fell, according to a Bank of England survey on Friday ahead of its interest rates decision next week. The central bank looks closely at surveys of the inflation expectations among the public and investors for …
UK public’s medium-term inflation expectations stay high in May Read More »
FRANKFURT (Reuters) -Euro zone industry and trade took major hits in April, likely reflecting U.S. tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil. Industrial production fell by 2.4% on the month in April, more than the already-weak expectations for a 1.7% fall in …
Euro zone industry, trade take big hits in April amid tariff turmoil Read More »
By Iain Withers LONDON (Reuters) -Demand for premium office space in cities like London and Paris is heating up as more companies order staff back to the office, but investment is lagging and could worsen a supply crunch, property sources said. Many businesses are rolling out stricter return-to-office mandates, including JPMorgan, Amazon and Royal Bank …
Return-to-office mandates fuel hopes of London property market revival Read More »
By Maria Martinez BERLIN (Reuters) -A conflict between Israel and Iran could dampen the outlook for the German economy if it leads to an increase in oil prices, the economic institute DIW Berlin said on Friday. Germany is the only G7 nation that has recorded no economic growth for two consecutive years, depressing business and …
High oil prices due to Israeli strikes on Iran would hurt German economy, DIW says Read More »
(Reuters) -British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading (FPSO) located offshore Northern Israel due to the geopolitical escalation in the Middle East. Israel launched widescale strikes against Iran on Friday, prompting a retaliation from Iran. The company, which has …
UK’s Energean suspends production offshore Northern Israel Read More »
DUESSELDORF (Reuters) -Germany’s Lufthansa is bracing for weaker demand in the third quarter for flights to the United States after a boom in the summer, according to CEO Carsten Spohr. Speaking at a business journalists’ event late Thursday, Spohr said “the first quarter was better than the previous year, but we are seeing a levelling-off …
Lufthansa braces for dip in demand for flights to US in third quarter Read More »
