Sterling rises vs dollar, euro boosted by strong UK retail sale data
By Linda Pasquini (Reuters) – Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provide..
Finance
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Oil prices set to end week higher after US rate cut
By Arunima Kumar (Reuters) -Oil prices eased on Friday, but were on track to register gains for a second straight week following a lar..
Headlines
Stocks pinned near all-time highs, yen slips after Ueda’s comments
By Sruthi Shankar and Stella Qiu (Reuters) – World stocks hovered near record highs on Friday, underpinned by a big interest rat..
Investment
European shares slip but set for weekly gains; Mercedes drops
By Shubham Batra (Reuters) -European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserv..
Investment
London blue-chips slip as sterling jumps after retail sales beat
(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains r..
Finance
Global investors brace for turmoil as big Fed cut sows confusion
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Big global investors are on alert for wild market swings after a jumbo U.S. rate ..
Headlines
Morning Bid: BOJ brings yen into sharper focus
A look at the day ahead in European and global markets from Wayne Cole. It was left to the Bank of Japan (BOJ) to end “central b..
Headlines
Analysis-Investors shun European car stocks despite rock bottom valuations
By Sruthi Shankar and Danilo Masoni (Reuters) – European auto stocks are so unpopular right now that investors keep reduc..
Business
BOJ keeps interest rates steady, sticks to upbeat economic view
TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on ..
Headlines
German tax revenue rose by 5.3% in August
By Maria Martinez BERLIN (Reuters) – Germany’s federal and state governments’ tax revenue rose 5.3% in August..
Headlines
Germany considering ways to support VW, economy minister says
FRANKFURT/BERLIN (Reuters) -Germany’s government is considering ways to support Volkswagen, German economy minister and v..
Headlines
Dollar edges lower in choppy trading after Fed rate cut
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar edged slightly lower in choppy trading on Wednesday as market..
Finance
Fed rate cut glow spreads to Wall Street, jobs data helps
By Isla Binnie NEW YORK (Reuters) – U.S. stock indexes sailed higher in the wake of their global counterparts and the dollar wob..
Investment
Bavarian says mpox vaccine approved by EU regulator for adolescents
LONDON (Reuters) -Bavarian Nordic said on Thursday its mpox vaccine was approved by the EU’s drug regulator for use in adolescen..
Headlines
Bank of England leaves rates at 5%, pound hits highest since March 2022
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British governme..
Finance
Analysis-After jumbo Fed rate cut, market hopes ride on US soft landing
By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) – One of the most consequential Federal Reserve meetings in re..
Headlines
UK reports sharpest rise in health-related welfare claims, study shows
LONDON (Reuters) – Britain has seen the biggest rise in health-related welfare benefits among a group of similar economie..
News
Bank of England set to hold rates with bond sales in spotlight
By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs tha..
Headlines
Britain needs finance sector strategy to tap foreign billions, report says
LONDON (Reuters) – Britain could attract up to 7.7 billion pounds ($10.2 billion) in additional foreign sovereign investment by ..
Headlines
Global health fund says health, climate, conflict ‘triple whammy’ hits world’s poorest
By Jennifer Rigby LONDON (Reuters) – Climate change and conflict risk overshadowing efforts to improve people’s hea..
Headlines
ING bank tightens restrictions on oil and gas lending
By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies a..
Headlines
Hims & Hers offers compounded Wegovy for $99 a month to select professions
By Amina Niasse NEW YORK (Reuters) – U.S. telehealth company Hims & Hers Health on Wednesday said it will sell compou..
Headlines
Fed’s Powell: Central bank forecasts don’t point to urgent action
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecast..
Headlines
Fed policymakers see end-2024 policy rate at 4.4%: projections
WASHINGTON (Reuters) – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, ..
Headlines
Artificial heart maker Carmat’s shares slide on $11.5 million capital hike
(Reuters) -Artificial heart maker Carmat announced a capital increase of an initial 10.3 million euros ($11.5 million) on Wednesday ..
Headlines
UK supermarket sales growth slows after summer holidays
LONDON (Reuters) – British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer ..
Business
French millers face long grind as rain-hit wheat harvest comes in
PARIS (Reuters) – Flour mills in France are facing higher costs and a long search for grain as they feel the effects of a dire w..
Business
London stocks drop after inflation data, focus shifts to Fed
By Lisa Pauline Mattackal and Medha Singh (Reuters) -British stock indexes dropped on Wednesday as investors reined in bets on interes..
Investment
Sterling rises after UK inflation data and ahead of Fed
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the ..
Finance
With Fed’s rate cut at hand, debate swirls over how large a move
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve on Wednesday will lower interest rates for the first time in more than f..
Headlines
US stocks flat, dollar lower as traders brace for Fed easing
By Isla Binnie and Sruthi Shankar NEW YORK (Reuters) -Wall Street’s main stock indexes were broadly flat in early trade on Wedne..
Headlines
US dollar edges lower as traders await Fed rate cut decision
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overni..
Finance
How some hedge funds would trade a rate cutting cycle
By Nell Mackenzie LONDON (Reuters) -While many investors hope falling interest rates will usher in a soft economic landing, others for..
Investment
UK’s Asda says retail veteran Stuart Rose to lead business
By James Davey LONDON (Reuters) -British supermarket group Asda, which has been losing market share, said its chairman, veteran..
Business
Oil prices edge higher on US crude stocks, market awaits Fed decision
By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Wednesday on falling crude inventories in the United States, whiles the mar..
Headlines
Spain allows BlackRock to take 20% stake in Naturgy, Cinco Dias reports
MADRID (Reuters) – The Spanish government has authorised BlackRock to take the 20% stake in power utility Naturgy it boug..
Headlines
UK inflation holds at 2.2% but services prices keep BoE on alert
By Suban Abdulla LONDON (Reuters) -British inflation held steady in August but sped up in the services sector which is closely ..
Headlines