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Fonterra’s annual profit falls 25%; shares rise on dividend declaration

Fonterra’s annual profit falls 25%; shares rise on dividend declaration

  By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by ..

Soccer-‘I thought it was AI,’ says Wimbledon director of flooding images at stadium

Soccer-‘I thought it was AI,’ says Wimbledon director of flooding images at stadium

  (Reuters) – AFC Wimbledon’s managing director thought he was looking at AI-created images when he saw pictures of f..

Solvay to cut 68 jobs in Salindres site throughout 2025

Solvay to cut 68 jobs in Salindres site throughout 2025

  (Reuters) – Belgian chemicals group Solvay announced on Tuesday plans to enter into talks with labour unions to cease pro..

ECB started issuing fine notices to banks not meeting climate expectations

ECB started issuing fine notices to banks not meeting climate expectations

  NEW YORK (Reuters) – The European Central Bank has started issuing fine notices to lenders not meeting its long-defined e..

Spotify expands AI Playlist feature to new markets including US, Canada

Spotify expands AI Playlist feature to new markets including US, Canada

  (Reuters) – Spotify is expanding its tool that helps create playlists using generative artificial intelligence for premiu..

UK employers give joint-lowest pay rises since June 2022, Brightmine says

UK employers give joint-lowest pay rises since June 2022, Brightmine says

  LONDON (Reuters) – British employers gave staff the joint-lowest pay rises since June 2022 in the three months to the end..

TUI confirms guidance after strong summer season, shares rise

TUI confirms guidance after strong summer season, shares rise

  By Andrey Sychev (Reuters) -Europe’s biggest tour operator TUI on Tuesday confirmed its annual guidance and mid-term targ..

China stimulus pushes global shares to new peak, boosts commodities

China stimulus pushes global shares to new peak, boosts commodities

  By Ankur Banerjee and Sruthi Shankar SINGAPORE/LONDON (Reuters) – World stocks hit a record high on Tuesday after China u..

Miniso shares slump on plans to buy stake in Yonghui Superstores

Miniso shares slump on plans to buy stake in Yonghui Superstores

  HONG KONG (Reuters) -Shares of Miniso Group Holding plunged as much as 39.2% to HK$20 ($2.57) on Tuesday after the company said..

Unilever CEO looking for first-ever global plastics treaty with “teeth”

Unilever CEO looking for first-ever global plastics treaty with “teeth”

  By Jessica DiNapoli NEW YORK (Reuters) – Unilever CEO Hein Schumacher hopes to see a global plastics treaty that “h..

Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns

Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns

  By Aditya Soni and Yuvraj Malik (Reuters) -A potential deal to buy Intel could accelerate Qualcomm’s diversification but ..

Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

  By Marie Mannes STOCKHOLM (Reuters) – Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its gl..

Almost 30,000 suspected mpox cases in Africa this year, WHO says

Almost 30,000 suspected mpox cases in Africa this year, WHO says

  LONDON (Reuters) – Nearly 30,000 suspected mpox cases have been reported in Africa so far this year, most of them in Demo..

Sterling at two-year peak versus euro after PMI data

Sterling at two-year peak versus euro after PMI data

  (Reuters) – Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business acti..

European shares edge higher as traders brace for data-packed week

European shares edge higher as traders brace for data-packed week

  By Pranav Kashyap (Reuters) -European shares edged higher on Monday, though gains were capped by caution as investors tread car..

Siemens to carve out EV charging business

Siemens to carve out EV charging business

  BERLIN (Reuters) – Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to open opp..

Oil climbs on Middle East escalation fears, US Fed rate cut

Oil climbs on Middle East escalation fears, US Fed rate cut

  By Gabrielle Ng and Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, buoyed by concerns that heightened conflict in t..

A Guide To Cryptocurrency Trading For Beginners

A Guide To Cryptocurrency Trading For Beginners

Discover a detailed cryptocurrency trading guide for beginners. Crypto trading includes speculating on future price movements and buyi..

BNP Paribas signs deal to buy HSBC private banking unit in Germany

BNP Paribas signs deal to buy HSBC private banking unit in Germany

  PARIS (Reuters) -BNP Paribas <BNPP.PA> has signed a deal to buy HSBC’s private banking unit in Germany as it contin..

Novo Nordisk faces US congressional grilling over price of weight loss drugs, FT reports

Novo Nordisk faces US congressional grilling over price of weight loss drugs, FT reports

  (Reuters) – Novo Nordisk’s chief executive is preparing for a showdown next week with U.S. Senator Bernie Sanders o..

Asia stocks, Wall St futures edge up; China trims repo rate

Asia stocks, Wall St futures edge up; China trims repo rate

  By Wayne Cole SYDNEY (Reuters) -Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to delive..

CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid

CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid

  SAO PAULO (Reuters) – French shipping giant CMA CGM agreed to buy 47.6% of port terminal operator Santos Brasil for 6.3 b..

Bitcoin jumps while Japan holiday dulls most currencies

Bitcoin jumps while Japan holiday dulls most currencies

  SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally aft..

Analysis-SocGen&#8217;s CEO Krupa tightens screws on costs as bank&#8217;s turnaround plan falls flat

Analysis-SocGen’s CEO Krupa tightens screws on costs as bank’s turnaround plan falls flat

By Mathieu Rosemain PARIS (Reuters) – Societe Generale’s CEO Slawomir Krupa is set to turn the screws further on costs a..

Nike veteran Hill to replace Donahoe as CEO; shares jump

Nike veteran Hill to replace Donahoe as CEO; shares jump

By Juveria Tabassum, Nicholas P. Brown (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the comp..

EU regulator backs use of Novo&#8217;s Wegovy for obesity-related heart condition

EU regulator backs use of Novo’s Wegovy for obesity-related heart condition

(Reuters) -The European Medicines Agency backed the use of Novo Nordisk’s popular drug Wegovy to help ease heart failure in peop..

Analysis-Extreme weather adds to fiscal strains in central Europe

Analysis-Extreme weather adds to fiscal strains in central Europe

By Jan Lopatka, Karol Badohal and Gergely Szakacs PRAGUE/WARSAW (Reuters) – Just a week ago, before deadly floods swept throug..

Yen slides as BOJ governor steers clear of rate hike talk

Yen slides as BOJ governor steers clear of rate hike talk

By Linda Pasquini and Wayne Cole LONDON/SYDNEY (Reuters) – The yen weakened on Friday after the Bank of Japan signalled it was i..

Nike&#8217;s next CEO Hill brings a bootstraps mentality

Nike’s next CEO Hill brings a bootstraps mentality

By Nicholas P. Brown (Reuters) – Elliott Hill started at Nike as an intern in 1988 but steadily scaled its ranks, banking on v..

Sterling rises vs dollar, euro boosted by strong UK retail sale data

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..

Oil prices set to end week higher after US rate cut

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..

Stocks pinned near all-time highs, yen slips after Ueda&#8217;s comments

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..

European shares slip but set for weekly gains; Mercedes drops

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..

London blue-chips slip as sterling jumps after retail sales beat

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..

Global investors brace for turmoil as big Fed cut sows confusion

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 ..

Morning Bid: BOJ brings yen into sharper focus

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..

Analysis-Investors shun European car stocks despite rock bottom valuations

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..