Headlines

Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia

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..

German economy in stormy waters as government slashes forecast

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 ..

London’s iconic BT Tower to become a hotel

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..

UK sees record monthly budget surplus, but tough picture ahead of budget

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..

Coffee group JDE Peet’s posts surprise growth in 2023 operating profit

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..

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

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..

Beijing shuts highways after heavy snowfall

Beijing shuts highways after heavy snowfall

BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than-expected snowfall hit the Chinese capital overnig..

Crypto firm Circle to end support for USDC stablecoin on Tron blockchain

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 ..

UK employers offer smaller pay rises at start of 2024, XpertHR survey shows

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..

Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

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..

Barclays plans cost cuts, bumper buybacks in bid to boost shares

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 ..

Dialysis firm FMC sees robust 2024 earnings growth after strong Q4

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 ..

China slashes mortgage reference rates to revive property market

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..

Air Liquide tops profit forecast, hikes 2025 margin target

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..

Marketmind: Wages will test wagers on rates

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..

German homes are still overvalued despite price drop – Bundesbank

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 ..

Sterling inches higher after last week’s fall

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..

Oppenheimer’ triumphs at BAFTA Film Awards with most win

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..

Marketmind: China markets look like they need another holiday

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..

UK property prices show first annual rise since August – Rightmove

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..

France cuts 2024 growth forecast as outlook darkens

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...

Factbox-Main winners at the 2024 BAFTA Film Awards

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. ..

England’s NHS to trim main healthcare wait list ahead of election

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..

Swedish January inflation up as expected, rate cut set for mid-year

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..

Dollar stands firm as sticky US inflation dents rate cut expectations

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..

Asia shares sputter as China returns with low energy

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 ..

Westpac sees monetary policy ‘less restrictive’ over next year, Q1 profit drops

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..

Spanish conservatives retain majority in Galicia regional vote

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..

UK shoppers pick up their spending, signalling quick end to recession

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..

Eni beats Q4 profit forecasts helped by favourable arbitration

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), ..

Swiss Re 2023 net profit surges, in line with expectations

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..

Mahindra to use Volkswagen electric components, battery cells

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..

ECB’s Villeroy: should not hold off first rate cut for too long

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..

Britain’s Labour Party wins by-election in southwestern English town

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..

Australia’s QBE Insurance annual profit more than doubles but misses view

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..

UK’s Costa Coffee to give workers 9% pay rise

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 ..

Jet engine maker Safran raises dividend on profit jump and growth outlook

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..