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UK house prices edge up in October, Nationwide says

UK house prices edge up in October, Nationwide says

LONDON (Reuters) – British house prices rose by a marginal 0.1% in October, slowing sharply from a 0.6% monthly increase in Sept..

Oil climbs more than $1 on reports of Iran preparing strike on Israel

Oil climbs more than $1 on reports of Iran preparing strike on Israel

By Florence Tan SINGAPORE (Reuters) – Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses,..

Asia markets start big month on cautious footing as US jobs data looms

Asia markets start big month on cautious footing as US jobs data looms

By Stella Qiu SYDNEY (Reuters) -Asian markets started what could be a momentous month warily, with shares mostly lower and Treasury yi..

Morning Bid: A November to remember..

Morning Bid: A November to remember..

A look at the day ahead in European and global markets from Stella Qiu Asian markets started what promises to be a momentous month on ..

Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama

Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama

By James Pomfret and Jessie Pang (Reuters) -Top Chinese research institutions linked to the People’s Liberation Army have used M..

Asia’s factory activity stagnates, taking shine off rebound in China

Asia’s factory activity stagnates, taking shine off rebound in China

By Leika Kihara TOKYO (Reuters) – Asia’s manufacturing activity stagnated in October as a rebound in China failed to give ..

Virgin Money UK picks insider Gergely Zaborszky as next CFO

Virgin Money UK picks insider Gergely Zaborszky as next CFO

(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, a..

Amundi’s Q3 net inflows profit from ETF demand, Asian operations

Amundi’s Q3 net inflows profit from ETF demand, Asian operations

By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted in-line quarterly inflows on Wednesday..

French economy expanded 0.4% in Q3, INSEE says

French economy expanded 0.4% in Q3, INSEE says

  PARIS (Reuters) -French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the secon..

Ericsson signs 5G ORAN deal with Spain’s MasOrange

Ericsson signs 5G ORAN deal with Spain’s MasOrange

  By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson has signed a 5G deal with Spain’s largest telecoms operator, M..

More companies planning price hikes in Germany, survey finds

More companies planning price hikes in Germany, survey finds

  BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price..

Covestro trims 2024 profit target again in a tough economy

Covestro trims 2024 profit target again in a tough economy

(Reuters) -German chemicals maker Covestro lowered the upper end of its full-year core profit forecast range on Tuesday for the second..

Volkswagen’s Traton reports higher sales in weak truck market

Volkswagen’s Traton reports higher sales in weak truck market

  (Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for comm..

Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs

Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs

  (Reuters) – Swiss pharmaceutical giant Novartis will pay Monte Rosa Therapeutics $150 million upfront payment for a globa..

Analysis-Markets gear up for two wild weeks of elections and rate moves

Analysis-Markets gear up for two wild weeks of elections and rate moves

By Harry Robertson and Naomi Rovnick LONDON (Reuters) – Investors globally are piling into the U.S. dollar and betting on rising..

Norway’s wealth fund falls short on climate ambitions, NGO says

Norway’s wealth fund falls short on climate ambitions, NGO says

By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectati..

G20 welcomes recommendations to unlock funding for climate transition projects

G20 welcomes recommendations to unlock funding for climate transition projects

  By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing cli..

Accor adjusts guidance as it sees strong demand at luxury hotels

Accor adjusts guidance as it sees strong demand at luxury hotels

  By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bo..

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

  By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those c..

European shares end flat as economic woes overshadow upbeat earnings

European shares end flat as economic woes overshadow upbeat earnings

  By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on ..

Tesla promises paid robotaxis next year, but significant hurdles remain

Tesla promises paid robotaxis next year, but significant hurdles remain

  By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hail..

Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson lowers full-year revenue forecast on weak demand

  By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrow..

FTSE 100 closes higher on earnings boost

FTSE 100 closes higher on earnings boost

  By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings..

Allianz weighs options for AllianzGI unit, sources say

Allianz weighs options for AllianzGI unit, sources say

  By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options fo..

ECB hawks push back against bets on more and bigger cuts

ECB hawks push back against bets on more and bigger cuts

  By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger intere..

Europe struggling to meet offshore wind targets, industry heads and lawmakers say

Europe struggling to meet offshore wind targets, industry heads and lawmakers say

  By Jacob Gronholt-Pedersen and Stine Jacobsen ODENSE, Denmark (Reuters) – Europe is falling behind its own ambitious targ..

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

Global commercial insurance rates show first quarterly fall in seven years, Marsh says

  LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline re..

Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition

Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition

  (Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earn..

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand

  (Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectat..

IBM misses third-quarter revenue estimates as consulting drags; shares fall

IBM misses third-quarter revenue estimates as consulting drags; shares fall

  By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wedn..

Wolfspeed shelves plans to build chip factory in Germany

Wolfspeed shelves plans to build chip factory in Germany

  (Reuters) -Wolfspeed has shelved plans to build a semiconductor factory in Ensdorf, Germany, due to slower electric vehicle ado..

IMF says UK should shield investment while curbing debt

IMF says UK should shield investment while curbing debt

  By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves..

Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry

Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry

  (Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, ci..

French bond investors brace for Moody’s rating review

French bond investors brace for Moody’s rating review

  By Stefano Rebaudo (Reuters) – Rating agency Moody’s will review France’s sovereign rating on Friday in what ..

Euro zone consumer confidence rises to -12.5 in October

Euro zone consumer confidence rises to -12.5 in October

  (Reuters) – Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on We..

Air Liquide confirms full-year targets after in-line quarter

Air Liquide confirms full-year targets after in-line quarter

  By Olivier Cherfan (Reuters) -French industrial gases supplier Air Liquide reported third-quarter revenue in line with market e..

Goldman sees oil prices holding around $76/bbl in 2025 on ample supply

Goldman sees oil prices holding around $76/bbl in 2025 on ample supply

  (Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare ..