Dollar shines against battered yen; Aussie dragged by jobs data, China woes
SINGAPORE (Reuters) – The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy under..
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PayPal to halt UK crypto sales until 2024
LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from Octob..
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Rouble strengthens towards 96 vs dollar after emergency rate hike
(Reuters) -The Russian rouble strengthened towards 96 to the dollar on Wednesday, one day after the central bank hiked interest rates ..
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HKEX remains committed to LME – CEO
LONDON (Reuters) -Hong Kong Exchanges and Clearing (HKEX) remains committed to the London Metal Exchange (LME), HKEX’s CEO said ..
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German solar battery firm sonnen sees bigger role backing up grid
By Vera Eckert FRANKFURT (Reuters) – Germany’s sonnen, which provides storage batteries for rooftop solar systems, has co..
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Industrial output jump gives euro zone growth small boost
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end..
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UK house prices rise by least since 2020 and fall in London – ONS
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) sai..
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Bank of Ireland says it has fixed glitch that sparked flurry of withdrawals
DUBLIN (Reuters) -Bank of Ireland has fixed technical problems that affected its services and allowed some customers to withdraw or tr..
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General, health insurance help Aviva to H1 profit beat
LONDON (Reuters) -British insurer Aviva posted an 8% rise in first-half operating profit to 715 million pounds ($909 million) on Wedn..
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ESA chief sees Ariane 6 debut launch delayed to next year
PARIS (Reuters) – The first launch of Europe’s new Ariane 6 rocket has slipped into 2024 after an incomplete recent ground..
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UK inflation rate slows to 6.8% in July
LONDON (Reuters) – British annual consumer price inflation slowed to 6.8% in July, figures from the Office for National Statisti..
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Marketmind: Stock markets tense as China gloom builds
A look at the day ahead in European and global markets from Brigid Riley China’s new home prices fell in June for the first tim..
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Norway wealth fund to firms: use AI, but do it responsibly
OSLO (Reuters) – Norway’s $1.4 trillion wealth fund, the world’s single largest stock market investor, is urging fir..
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As World Cup breaks records, Adidas, Nike navigate bumps in retail demand
LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. knocked out early and a first-tim..
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Lufthansa’s Eurowings sees positive operating result in FY 23
FRANKFURT (Reuters) – Lufthansa’s budget subsidiary Eurowings expects a positive operating result this year, chief execut..
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No sustained recovery on horizon for German economy -econ min
BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indica..
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Agnelli family’s Exor buys $2.8 billion stake in Philips
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Dutch investment firm Exor NV, controlled by Italy’s Agnelli family, h..
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German network regulator names 2nd managing director of Rosneft Deutschland
BERLIN (Reuters) – Germany’s network regulator on Monday said it had appointed Udo Giegerich as a second managing director..
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Italy PM Meloni takes ‘full responsibility’ for bank tax
MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock d..
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Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
LONDON/NEW YORK (Reuters) – Global investors are losing confidence in securities linked to shares of companies in the world̵..
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UK employers plan 5% pay rises, many resort to counteroffers: CIPD
LONDON (Reuters) – British employers expect to raise pay by 5% over the coming year and are increasingly making counteroffers to..
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Lloyd’s of London insurer Hiscox profit spikes on premium rise
By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates..
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Bottler Coca-Cola HBC lifts sales outlook
(Reuters) -Coca-Cola HBC lifted its annual revenue forecast on Wednesday as the bottler benefited from higher prices despite a dip in ..
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Germany’s Delivery Hero hikes 2023 revenue guidance
(Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a pr..
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Greek EU-harmonised inflation rises to 3.5% y/y in July
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesda..
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No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists
SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of rising global temperat..
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Fund manager abrdn’s assets hit by market volatility, shares dive
(Reuters) -Fund manager abrdn’s shares fell nearly 9% on Tuesday after it reported a drop in assets under management in the firs..
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Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
(Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony’..
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WeWork rival IWG’s half-year profit surges on high demand, improved pricing
(Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48% surge in half-year profit..
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Germany’s Fraport sees earnings boost on higher passenger volumes
(Reuters) -Frankfurt Airport operator Fraport on Tuesday updated its 2023 core profit and net income forecasts, after first-half earni..
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Asian markets down, dollar up after weak China trade data
By Scott Murdoch SYDNEY (Reuters) – Asian share markets were mostly weaker on Tuesday but the dollar strode higher as investors..
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UBS shuffles bank bosses in bid to better compete with Wall Street
LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s ..
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TSMC to decide in favour of German factory on Tuesday – Handelsblatt
BERLIN (Reuters) – Taiwanese semiconductor manufacturer TSMC’s board of directors will decide in favour of building a fac..
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After heatwave, looming typhoon forces scouts to evacuate South Korea campsite
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the Worl..
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Heatwave caused higher than normal death rate in southern Italy
ROME (Reuters) – The central and southern regions of Italy recorded 7% more deaths than normal in July after a baking heatwave, ..
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BioNTech reduces drug development spend as COVID vaccine sales plunge
FRANKFURT (Reuters) -Germany’s BioNTech, Pfizer’s partner on COVID-19 vaccines, cut its drug development budget for this y..
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German regulator rejects request for postage stamp price hike
BERLIN (Reuters) -Germany’s federal network regulator has rejected a request by postal service operator Deutsche Post to raise t..
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