Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
(Reuters) – German food delivery company Delivery Hero said on Wednesday that the ongoing talks for the potential sale of its fo..
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German economy in stormy waters as government slashes forecast
BERLIN (Reuters) -The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak ..
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London’s iconic BT Tower to become a hotel
LONDON (Reuters) -London’s iconic BT Tower is set to become a luxury hotel after the owner BT Group agreed to sell the 177-metre..
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UK sees record monthly budget surplus, but tough picture ahead of budget
LONDON (Reuters) -Britain chalked up its highest ever monthly budget surplus in January due to record seasonal tax inflows, official f..
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Coffee group JDE Peet’s posts surprise growth in 2023 operating profit
(Reuters) -JDE Peet’s, one of the world’s largest coffee companies, on Wednesday reported an organic rise in 2023 operatin..
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Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
SINGAPORE (Reuters) – Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal R..
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Beijing shuts highways after heavy snowfall
BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than-expected snowfall hit the Chinese capital overnig..
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Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
LONDON (Reuters) – Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision ..
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UK employers offer smaller pay rises at start of 2024, XpertHR survey shows
LONDON (Reuters) – British employers scaled back the annual pay settlements they offered to staff at the start of 2024, a survey..
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Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million
(Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lende..
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Barclays plans cost cuts, bumper buybacks in bid to boost shares
LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds ..
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Dialysis firm FMC sees robust 2024 earnings growth after strong Q4
GDANSK (Reuters) – Fresenius Medical Care on Tuesday forecast its core earnings to grow by a mid- to high-teens percentage this ..
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China slashes mortgage reference rates to revive property market
SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sou..
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Air Liquide tops profit forecast, hikes 2025 margin target
(Reuters) -French industrial gases firm Air Liquide on Tuesday posted a better-than-expected annual operating profit and said it had r..
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Marketmind: Wages will test wagers on rates
A look at the day ahead in European and global markets from Tom Westbrook Europe’s central bank has singled out wages as the sin..
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German homes are still overvalued despite price drop – Bundesbank
FRANKFURT (Reuters) – German homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the ..
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Sterling inches higher after last week’s fall
LONDON (Reuters) – The pound edged slightly higher on Monday after falling last week, as investors waited for new impetus from s..
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Oppenheimer’ triumphs at BAFTA Film Awards with most win
LONDON (Reuters) -“Oppenheimer”, a three-hour epic about the making of the atomic bomb in World War Two, was the big winne..
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Marketmind: China markets look like they need another holiday
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. High hopes China’s markets would retur..
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UK property prices show first annual rise since August – Rightmove
LONDON (Reuters) – The prices of homes being put up for sale in Britain have risen in annual terms for the first time in six mo..
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France cuts 2024 growth forecast as outlook darkens
PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had lowered its forecast for 2024 GDP growth to 1% from 1...
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Factbox-Main winners at the 2024 BAFTA Film Awards
LONDON (Reuters) – Britain’s top movie honours, the BAFTA Film Awards, were handed out on Sunday at a ceremony in London. ..
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England’s NHS to trim main healthcare wait list ahead of election
LONDON (Reuters) -England’s health service will move about 40,000 pending child consultations for ADHD, autism and other conditi..
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Swedish January inflation up as expected, rate cut set for mid-year
STOCKHOLM (Reuters) – Headline Swedish inflation picked up pace as expected in January, data showed on Monday, and if the increa..
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Dollar stands firm as sticky US inflation dents rate cut expectations
SINGAPORE (Reuters) -The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when t..
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Asia shares sputter as China returns with low energy
SYDNEY (Reuters) -Asian shares struggled to make much ground on Monday as fading chances for early rate cuts globally soured the mood ..
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Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops
(Reuters) -Westpac Banking Corp said it sees scope for monetary policy in Australia to become less restrictive within the next year, w..
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Spanish conservatives retain majority in Galicia regional vote
MADRID (Reuters) -Spain’s opposition conservative People’s Party retained its absolute majority in its stronghold in the n..
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UK shoppers pick up their spending, signalling quick end to recession
LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for s..
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Eni beats Q4 profit forecasts helped by favourable arbitration
MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), ..
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Swiss Re 2023 net profit surges, in line with expectations
FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Friday that net profit for 2023 surged 580%, in line with expectations, as i..
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Mahindra to use Volkswagen electric components, battery cells
BERLIN (Reuters) -Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of t..
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ECB’s Villeroy: should not hold off first rate cut for too long
PARIS (Reuters) – There are several compelling reasons why the European Central Bank should not hold off for too long on an init..
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Britain’s Labour Party wins by-election in southwestern English town
LONDON (Reuters) -Britain’s opposition Labour Party won a contest for a new lawmaker in the southwestern English town of Kingswo..
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Australia’s QBE Insurance annual profit more than doubles but misses view
(Reuters) -Australia’s QBE Insurance Group’s full-year profit more than doubled on Friday, helped by higher income from pr..
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UK’s Costa Coffee to give workers 9% pay rise
LONDON (Reuters) – Britain’s Costa Coffee will give over 15,000 hourly-paid workers an average 9% pay increase from April ..
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Jet engine maker Safran raises dividend on profit jump and growth outlook
PARIS (Reuters) -French jet engine maker Safran posted sharply higher revenue and operating profit for 2023, raised its dividend and p..
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