Headlines

Stocks gain on rate-cut wagers as ECB meeting looms

Stocks gain on rate-cut wagers as ECB meeting looms

By Danilo Masoni and Ankur Banerjee MILAN (Reuters) – World shares rose on Wednesday and the dollar inched up, with a European C..

Euro zone business activity expands at fastest rate in a year, PMI shows

Euro zone business activity expands at fastest rate in a year, PMI shows

BENGALURU (Reuters) – Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc’s d..

Boeing to try again to launch first Starliner crewed mission

Boeing to try again to launch first Starliner crewed mission

By Joey Roulette WASHINGTON (Reuters) – Boeing’s Starliner spacecraft is set for a third attempt to fly astronauts to spac..

UK new car sales grows in May despite drop in private consumer purchases – SMMT

UK new car sales grows in May despite drop in private consumer purchases – SMMT

(Reuters) -New car registrations in Britain rose in May helped by higher fleet vehicle demand, industry data showed on Wednesday, coun..

Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says

Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says

Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says By Jesús Aguado LONDON (Reuters) – Spain’s BBV..

Nike cutting jobs at European headquarters in the Netherlands -Bloomberg

Nike cutting jobs at European headquarters in the Netherlands -Bloomberg

AMSTERDAM (Reuters) – Nike [NKE.N] is cutting jobs at its European headquarters in the Dutch city Hilversum, Bloomberg reported ..

Oil near 4-mth low after OPEC+ supply plan, US stock build

Oil near 4-mth low after OPEC+ supply plan, US stock build

By Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decisio..

Headlines

UK discounter B&M profit up 10%, boosted by new store openings

UK discounter B&M profit up 10%, boosted by new store openings

LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise ..

Zara owner Inditex reports slowing quarterly sales growth

Zara owner Inditex reports slowing quarterly sales growth

MADRID (Reuters) -Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with ..

Microsoft takes its AI push to customer service call centers

Microsoft takes its AI push to customer service call centers

By Stephen Nellis (Reuters) – Microsoft on Tuesday said it will introduce new artificial intelligence tools for customer service..

Roaring Kitty’s GameStop options up millions, but cashing in may be tricky

Roaring Kitty’s GameStop options up millions, but cashing in may be tricky

By Saqib Iqbal Ahmed NEW YORK (Reuters) – “Roaring Kitty” Keith Gill, the stock influencer behind the 2021 meme stoc..

Regulators lack resources to tackle greenwashing, says EU watchdog

Regulators lack resources to tackle greenwashing, says EU watchdog

By Huw Jones LONDON (Reuters) -Market watchdogs across the European Union have punished few instances of “greenwashing” by..

EU clears 1.75 billion euro compensation for eastern German coal exit

EU clears 1.75 billion euro compensation for eastern German coal exit

By Riham Alkousaa BERLIN (Reuters) -Germany’s economy ministry said it won the European Commission’s clearance in principl..

Oil drops more than $1 as OPEC+ decision spotlights shaky demand

Oil drops more than $1 as OPEC+ decision spotlights shaky demand

By Paul Carsten LONDON (Reuters) -Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later ..

Dollar stands tall as traders mull Fed outlook; focus on ECB

Dollar stands tall as traders mull Fed outlook; focus on ECB

By Amanda Cooper LONDON (Reuters) -The dollar held steady on Monday, as investors warmed to the idea that U.S. inflation may have slow..

Morning Bid: Markets in upbeat mood as factories hum

Morning Bid: Markets in upbeat mood as factories hum

By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Share markets have started the..

OPEC+ extends deep oil production cuts into 2025

OPEC+ extends deep oil production cuts into 2025

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output c..

London stocks edge higher ahead of ECB rate decision; GSK slumps

London stocks edge higher ahead of ECB rate decision; GSK slumps

By Pranav Kashyap (Reuters) -London stocks rose on Monday, mirroring counterparts in Asia, ahead of the highly anticipated rate cut by..

Downturn in German manufacturing may be bottoming out, PMI shows

Downturn in German manufacturing may be bottoming out, PMI shows

BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s bigg..

Asian factory activity expands in May on robust global demand

Asian factory activity expands in May on robust global demand

By Leika Kihara TOKYO (Reuters) -Asian factory activity expanded in May as manufacturers benefited from broadening global demand, priv..

What S&P’s ratings downgrade means for France

What S&P’s ratings downgrade means for France

By Leigh Thomas PARIS (Reuters) -Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign de..

Italian banks must invest more in technology, central bank says

Italian banks must invest more in technology, central bank says

ROME (Reuters) – Technology investments by larger Italian banks lag behind those of their European peers, the central bank said ..

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales set for Euro 2024 fillip, says NIQ

LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for..

Euro zone inflation rises in fresh signal for ECB caution

Euro zone inflation rises in fresh signal for ECB caution

By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation rose in May, data showed on Friday, in a sign the European Central Bank s..

Pound heads for best monthly gain of 2024 ahead of US inflation

Pound heads for best monthly gain of 2024 ahead of US inflation

LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectati..

Dell shares slump as heavy AI investments expected to dent margin

Dell shares slump as heavy AI investments expected to dent margin

(Reuters) -Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent it..

Dollar slides after US inflation meets expectations in April

Dollar slides after US inflation meets expectations in April

By Hannah Lang and Joice Alves NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 20..

Oil set for weekly loss ahead of OPEC+ meeting

Oil set for weekly loss ahead of OPEC+ meeting

By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Su..

Stocks lose steam after U.S. data

Stocks lose steam after U.S. data

By Sinéad Carew and Huw Jones LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed m..

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rise after US inflation data keeps Fed rate cut hopes alive

By Shubham Batra and Shashwat Chauhan (Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of inte..

London stocks end higher for third month

London stocks end higher for third month

By Pranav Kashyap and Purvi Agarwal (Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as inve..

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia set to overtake Apple as world’s second-most valuable company

By Medha Singh (Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest ben..

EU approves Italian aid for $5.4 billion STMicro chip plant

EU approves Italian aid for $5.4 billion STMicro chip plant

By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to buil..

German retail sales fall more than expected in April

German retail sales fall more than expected in April

(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes t..

Renault, Geely create joint venture for hybrid, combustion engines

Renault, Geely create joint venture for hybrid, combustion engines

(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develo..

Investors hold their breath for inflation data

Investors hold their breath for inflation data

A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports f..

Analysis-Aircraft shortages turn into cash bonanza for some airlines

Analysis-Aircraft shortages turn into cash bonanza for some airlines

By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of s..