Dollar drops after inflation data, Yen rebounds on Ishiba win
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened on Friday after a reading of U.S. inflation indicated price pressures con..
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Oil steady but on track for weekly drop on firmer supply outlook
By Paul Carsten LONDON (Reuters) -Oil prices held on Friday but remained on track for a weekly fall as investors weighed expect..
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Moncler CEO strengthens grip on company with LVMH deal
By Elisa Anzolin and Mimosa Spencer MILAN/PARIS (Reuters) -Moncler’s Chairman and CEO Remo Ruffini is tightening his cont..
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Aeffe sells ‘Moschino’ brand for perfumes to Euroitalia
MILAN (Reuters) – Italian fashion group Aeffe has agreed to transfer the ownership of its ‘Moschino’ brand in..
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Exclusive-African countries eye world’s first joint ‘debt-for-nature’ swap
LONDON (Reuters) – At least five African countries are working on what could be the world’s first joint “debt..
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UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally
By Lisa Pauline Mattackal and Shashwat Chauhan (Reuters) -UK’s FTSE 100 closed up on Thursday, though lagging its Europea..
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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..
Finance
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..
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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..
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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..
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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..
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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 ..
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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..
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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..
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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..
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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..
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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, ..
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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 ..
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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..
Finance
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..
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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..
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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..
Finance
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..
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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..
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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 ..
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With Fed’s rate cut at hand, debate swirls over how big a move
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve on Wednesday almost certainly will lower interest rates fo..
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Morning Bid: Traders still guessing in final Fed countdown
A look at the day ahead in European and global markets from Kevin Buckland With just hours until one of the most highly anticip..
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UAW to hold strike votes at Stellantis local chapters, union president says
By Nora Eckert and Abhirup Roy DETROIT (Reuters) -The United Auto Workers union plans to hold strike authorization votes at one..
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French central bank sees consumer gains easing budget pains
PARIS (Reuters) – France’s economy is set to gain momentum in the coming two years as lower inflation boosts consum..
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Instagram rolls out teen accounts with privacy, parental controls as scrutiny mounts
(Reuters) – Meta Platforms is rolling out enhanced privacy and parental controls for Instagram accounts of users under 18 in a s..
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