Hedge fund borrowing hits five-year peak, Goldman Sachs says
LONDON (Reuters) – Global hedge fund borrowing rose to a five-year high in the week to April 19, a Goldman Sachs note showed, as..
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London shares rebound as fears of wider Middle East conflict ebb
(Reuters) -London stocks gained 1% on Monday, following last week’s sharp selloff, as fears of the Middle East crisis escalating..
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UK’s struggling Thames Water proposes spending more on environmental improvements
LONDON (Reuters) -Britain’s Thames Water has proposed spending an additional 1.1 billion pounds ($1.36 billion) on environmental..
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Automakers hope for a cut as two-way EV charging becomes real
LONDON (Reuters) – Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating ..
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UK supermarket Asda says 2023 underlying profit up 24%
LONDON (Reuters) – Asda, Britain’s third biggest supermarket group, reported a 24% rise in annual earnings on Monday that ..
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Prince Harry’s privacy case against Murdoch tabloids to proceed as planned
LONDON (Reuters) – Prince Harry’s privacy case has avoided a major delay after London’s High Court rejected an appli..
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Scotland ditches 2030 climate target to cut emissions by 75%
LONDON (Reuters) -Scotland on Thursday scrapped its target of cutting climate-damaging greenhouse gas emissions by 75% by 2030, blamin..
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Meta releases early versions of its Llama 3 AI model
NEW YORK (Reuters) – Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an imag..
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Industrials boost STOXX 600 as earnings season rolls in
(Reuters) -European shares rose on Thursday, boosted by industrials after Swiss engineering company ABB touched a record high followin..
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Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
(Reuters) -Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this ye..
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ABB more confident about 2024 despite China slowdown
ZURICH (Reuters) -ABB expects faster revenue growth in the coming months, with growth in markets such as the United States and India h..
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Danone beats first-quarter sales forecasts, keeps 2024 goals
PARIS/LONDON (Reuters) -Danone posted stronger-than-expected quarterly sales on Thursday, with all businesses delivering volume growth..
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Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(This April 16 story has been refiled to correct the grammar in paragraph 6) HONG KONG (Reuters) – Morgan Stanley and HSBC are c..
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EU considers bringing emissions removal credits into carbon market
FLORENCE (Reuters) – The European Union is looking into whether to bring emissions removal credits into its carbon market, a mov..
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Prince Harry says travel industry must do more for local communities
Prince Harry says travel industry must do more for local communities
LONDON (Reuters) – Britain’s Prince Harry said it was crucial the travel industry did better by the local communities in vacation destinat..
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Navigation firm TomTom posts operating loss as auto sales slow
(Reuters) -Digital mapping company TomTom’s operating result turned to a wider-than-expected loss in the first quarter, hit by s..
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Just Eat Takeaway’s Q1 orders ‘disappoint’, shares fall
(Reuters) -Just Eat Takeaway reported first-quarter orders below expectations on Wednesday, sending its shares 5% lower. Favoured by i..
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LVMH shares rise after luxury giant’s Q1 sales offer element of reassurance
PARIS (Reuters) – LVMH shares rose on Wednesday, after the first quarter sales figures from the world’s largest luxury gro..
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UK inflation slows by less than expected to 3.2% in March
LONDON (Reuters) -British consumer price inflation slowed by less than expected to a two-and-a-half-year low of 3.2% in annual terms i..
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Analysis-Painful high rates wake-up call threatens global markets
LONDON (Reuters) – Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painfu..
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Superdry plans to go private as it kicks off three-year turnaround plan
(Reuters) -British fashion chain Superdry announced a three-year restructuring plan on Tuesday and said a fund raising backed by its C..
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Jaguar develops energy-storage unit using Range Rover batteries
LONDON (Reuters) – Jaguar Land Rover has developed a mobile energy storage unit for sale in partnership with UK startup Allye En..
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Ericsson’s Q1 profit grows unexpectedly, eyes stabilisation of sales in H2
(Reuters) -Telecom equipment maker Ericsson reported on Tuesday a first-quarter adjusted profit that beat expectations and said sales ..
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Swiss chemicals maker Sika posts 13.8% jump in Q1 sales
(Reuters) -Swiss chemicals maker Sika AG on Tuesday reported a 13.8% increase in its first-quarter sales and confirmed its outlook for..
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Stocks tumble, dollar firms amid geopolitical risk, mixed central bank views
NEW YORK/LONDON (Reuters) -U.S. stocks sold off sharply on Friday while the dollar jumped as investors grappled with rising geopolitic..
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Oil slips as risk premium eases after Iran attack
NEW YORK (Reuters) -Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less dam..
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Dollar jumps, yen weakest since 1990 after strong U.S. retail sales
NEW YORK (Reuters) – The dollar reached its highest since early November against a basket of currencies on Monday, and sent the ..
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Greece to spend 780 million euros to protect marine biodiversity, PM says
ATHENS (Reuters) – Greece is pushing ahead with 21 initiatives worth 780 million euros ($830.9 million) to protect marine biodiv..
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UK fintechs ask government for help to ease capital shortages
LONDON (Reuters) -Leaders of the UK’s financial technology industry are urging the British government to increase tax relief a..
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BNP Paribas to become top investor in Belgian insurer Ageas
PARIS/HONG KONG (Reuters) -BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in the Belgian insurer Ageas ..
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Hungary to consider fuel price intervention, says economy minister
BUDAPEST (Reuters) – Hungary’s government will consider whether to enforce lower fuel prices after a review by the Central..
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Recruiter PageGroup’s quarterly profit slumps 13% as hiring remains subdued
(Reuters) – UK’s PageGroup reported on Monday a nearly 13% drop in group gross profit in the first three months of 2024 du..
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Home improvement retailer Kingfisher names Claudia Arney as new chair
LONDON (Reuters) – European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in Jun..
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Analysis-Europe stands firm against US-driven ESG backlash
(Reuters) – Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation ..
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ECB holds rates, signals rate cut on horizon
LONDON (Reuters) -The European Central Bank kept interest rates unchanged on Thursday, but signalled that it may be preparing to eas..
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Oil prices edge up on escalation in Middle East tensions
SINGAPORE (Reuters) -Oil prices ticked up during trade on Thursday, after rising a dollar a barrel in the prior session, as investors ..
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Asian shares fall on U.S. rate scare, yen plumbs 34-yr low
SYDNEY (Reuters) – Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on h..
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