BIS warns of $80 trillion of hidden FX swap debt
By Marc Jones LONDON (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non..
Finance
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ECB’s Makhlouf expects 50 bps rate hike in December
(Corrects first paragraph to say rates ‘may have to move into restrictive territory’, not ‘would have to’) By ..
Finance
Analysis-Energy hungry Europe can’t look to U.S. shale to fill any OPEC gap
By Laila Kearney, Liz Hampton and Arathy Somasekhar NEW YORK/DENVER/HOUSTON (Reuters) – U.S. shale oil drillers turned from scra..
Headlines
Take Five: Ready for that Santa rally?
(Reuters) – Swiss lender Credit Suisse faces a litmus test over its rights issue, just one several trials markets must work thro..
Headlines
U.S., EU to address Inflation Reduction Act fears constructively -draft
By Foo Yun Chee BRUSSELS (Reuters) – The United States and the European Union will seek to tackle EU concerns about a new U.S. g..
Headlines
Stocks fall as strong U.S. payrolls muddies rate bets
By Sinéad Carew NEW YORK (Reuters) – Equities took a dip on Friday while U.S. Treasury yields climbed as investors bet on a more..
Finance
Euro zone bond yields rise after U.S. jobs data
By Alun John LONDON (Reuters) – European government bond yields rose after Friday data showed U.S. employers hired more workers ..
Finance
Reckitt expects U.S. infant formula shortage until spring
By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of t..
Headlines
Factbox-Global banks take axe to jobs as cost pressures mount
LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and la..
Headlines
Irish corporate tax boom breaks more records in November
DUBLIN (Reuters) – Ireland took in more corporate tax in November than it used to collect in entire years a decade ago, as a rec..
Finance
Pfizer to invest more than $2.5 billion to expand European manufacturing
By Michael Erman NEW YORK (Reuters) -Pfizer Inc is investing more than $2.5 billion at its drug making plants in Belgium and Ireland, ..
Headlines
Global central banks extend rate hike push in November
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks in Novem..
Headlines
EU countries consider lower gas price cap – documents
By Kate Abnett BRUSSELS (Reuters) -European Union countries will consider on Friday a proposal for a gas price cap slightly lower than..
Headlines
Factbox-What European companies are doing as workers face high inflation
(Reuters) -Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bi..
Headlines
The clear need for effective estate planning to mitigate effects of another ‘nil-rate band freeze’
By Jack Rose, Strategic Sales Director at Triple Point In a bid to plug the £54 billion hole in public finances, Chancel..
Business
EU sets recycling, reuse targets to cut packaging waste
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission proposed on Wednesday new rules to reduce packaging waste thro..
Headlines
BYD set to be China’s top-selling car brand for Nov, Tesla gains -data
SHANGHAI (Reuters) – BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outp..
Headlines
Portugal’s Q3 growth accelerates with consumption but future not shining
By Sergio Goncalves LISBON (Reuters) – Portugal’s economy expanded 0.4% in the third quarter from 0.1% in the previous qua..
Headlines
FTX collapse shows urgent need to finalise EU crypto rules, says European Commission
By Huw Jones LONDON (Reuters) -The “questionable practices” at now collapsed crypto exchange FTX would not have been allow..
Headlines
World stocks upbeat on hopes for China re-opening, inflation peaking
By Dhara Ranasinghe LONDON (Reuters) -World equity markets rallied on Wednesday lifted by hopes that inflation is peaking and a re-ope..
Headlines
Global stocks to grind higher, lacklustre year ahead: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The global economy needs to find a more solid footing before most stock markets break out o..
Headlines
Economic headwinds set to push oil below $100 in 2023: Reuters Poll
By Seher Dareen (Reuters) – Brent oil prices will hold above the $100 level for the rest of 2022 as an impending EU ban on Russi..
Headlines
German inflation eased in November but too soon for ‘all-clear’
By Miranda Murray and Balazs Koranyi BERLIN (Reuters) – Germany’s inflation cooled slightly in November, but remained near..
Headlines
UK royals in U.S. spotlight as William and Kate visit
By Michael Holden and Sarah Mills LONDON (Reuters) – Prince William and his wife Kate fly out to the United States on Wednesday ..
Headlines
London’s West End regains pre-pandemic buzz, boosting sales
By Aby Jose Koilparambil and Suban Abdulla (Reuters) -London’s West End has seen retail, hospitality and leisure venue sales ret..
Headlines
UK mortgage approvals hit lowest since June 2020
By Andy Bruce LONDON (Reuters) -The number of mortgages approved by lenders in Britain fell in October to its lowest since June 2020, ..
Headlines
Greek residential property price recovery picks up in third quarter
By George Georgiopoulos ATHENS (Reuters) – A recovery in Greece’s residential real estate market picked up pace in the thi..
Headlines
Hyundai Motor, SK On sign EV battery supply pact for N. America
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – South Korea’s Hyundai Motor Group has signed an agreement to source elect..
Headlines
Swiss GDP growth lags expectations in Q3
ZURICH (Reuters) – The Swiss economy grew a real 0.2% in the third quarter versus the second three months of 2022 and 0.5% year-..
Headlines
Nestle nudges 2022 sales outlook higher again
ZURICH (Reuters) -Nestle has nudged its 2022 sales outlook higher again, the world’s largest packaged food company said ahead of..
Headlines
Europe on course to end winter with plenty of gas: Kemp
By John Kemp LONDON (Reuters) -Europe’s gas inventories are on course to end the winter of 2022/23 at one of the highest levels ..
Headlines
UK royals in U.S. spotlight as William and Kate visit
By Michael Holden and Sarah Mills LONDON (Reuters) – Prince William and his wife Kate fly out to the United States on Wednesday ..
Headlines
Ford recalls 634,000 vehicles worldwide over fire risks
By David Shepardson (Reuters) -Ford Motor Co is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from possibl..
Headlines
Italy seeks fresh options for TIM as bid for network seen fading
By Elvira Pollina and Giuseppe Fonte MILAN/ROME (Reuters) -Italy’s new government will likely need to seek fresh options for ail..
Headlines
Greece PM senses “momentum” in “Elgin Marbles” talks with Britain
LONDON (Reuters) – Greece’s Prime Minister Kyriakos Mitsotakis said on Monday there was “progress” and a sense..
Headlines
European retailers downbeat despite Black Friday boost
By Maria Sheahan, Toby Sterling and Alvise Armellini BERLIN/AMSTERDAM/MILAN (Reuters) -Europeans snapped up smartphones, Christmas dec..
Headlines
EU sets out plans to shift derivatives clearing from London to Frankfurt
By Huw Jones LONDON (Reuters) -Banks and other market participants in the European Union will have to prove to regulators that they ar..
Headlines