By Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank is expected to cut interest rates once again in June but the case is growing for a pause beyond that as the economy is holding up better than feared and an inflation challenge is starting to creep up on the horizon. The ECB has been easing …
Analysis-Case growing for summer pause in ECB easing cycle Read More »
A look at the day ahead in European and global markets from Johann M Cherian Markets have been dealing with the steep selloff in Treasuries worried about the U.S. fiscal health, and in Europe the next test will be how businesses have been faring in the face of an uncertain trade environment. Manufacturing and services …
Morning Bid: After bond market tremors, now for the data test Read More »
By Jonathan Stempel NEW YORK (Reuters) – Adidas, known for shoes with three parallel stripes, was sued on Wednesday by Steven Madden over its alleged effort to stop the American shoe company from selling fashion sneakers with two non-parallel bands. In a complaint filed in federal court in Brooklyn, New York, Steve Madden, as the …
Steve Madden sues Adidas to thwart challenges to shoe designs Read More »
(Reuters) -Nike is planning to raise prices of some products from next week and will sell items on Amazon after six years, the company said on Wednesday. The footwear retailer will increase prices on apparel and equipment for adults between $2 and $10, while those priced between $100 and $150 will see a $5 hike, …
Nike set to raise prices next week, plans to sell on Amazon again Read More »
By Andre Romani SAO PAULO (Reuters) -Marcos Galperin, who founded e-commerce giant MercadoLibre and built it into Latin America’s most valuable listed company, will step down as CEO at the end of the year, the company said on Wednesday. Galperin will be replaced by the company’s current commerce head, Ariel Szarfsztejn, beginning on January 1. …
By Samuel Indyk, Alun John, Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month’s tariff-induced selloff. The world’s largest cryptocurrency touched a high of $109,760.08, and was last up 1.1% at $108,117. Its ascent …
Bitcoin surges to all-time peak as crypto sentiment improves Read More »
By Paul Sandle and James Davey LONDON (Reuters) -Marks & Spencer said hackers broke into its systems by tricking employees at a third-party contractor, skirting its digital defences to launch a cyberattack that will disrupt the British retailer for months. Giving the first details since disclosing the breach on April 22, Chief Executive Stuart Machin …
M&S says cyber hackers broke in through third-party contractor Read More »
By Christian Kraemer BANFF, Alberta (Reuters) -There has been progress towards a solution on a damaging tariff dispute with the United States but there are more hurdles to overcome, the Bundesbank’s President Joachim Nagel told German television on Wednesday from the G7 meeting in Canada. Speaking to the ARD broadcaster, European Central Bank policymaker Nagel …
Bundesbank’s Nagel sees progress on tariffs but work to be done Read More »
(Reuters) -Finnish forestry group Stora Enso said on Wednesday it is divesting 12.4% of its Swedish forest holdings for an enterprise value of 900 million euros ($1.02 billion). The divestiture is anticipated to reduce the group’s adjusted EBITDA by about 25 million euros per year and is expected to reduce net debt by 790 million …
Finland’s Stora Enso to sell 12.4% of Swedish forests for about $1 billion Read More »
By Blake Brittain (Reuters) -Alphabet’s Google and artificial-intelligence startup Character.AI must face a lawsuit from a Florida woman who said Character.AI’s chatbots caused her 14-year-old son’s suicide, a judge ruled on Wednesday. U.S. District Judge Anne Conway said the companies failed to show at an early stage of the case that the free-speech protections of …
Google, AI firm must face lawsuit filed by a mother over suicide of son, US court says Read More »
