PARIS (Reuters) – The European Central Bank is keeping its options fully open at upcoming interest rate meetings as the risk of undershooting its inflation target is now as big as of overshooting it, ECB policymaker Francois Villeroy de Galhau said on Friday. The ECB cut interest rates for the third time this year on …
ECB to keep options open in face of undershooting risk, Villeroy says Read More »
By Andres Gonzalez and Ron Bousso LONDON (Reuters) -BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company’s focus on renewables. The company has faced pressure from shareholders over its energy …
BP weighs sale of minority stake in offshore wind business, sources say Read More »
By Marie Mannes STOCKHOLM (Reuters) -Swedish truck maker AB Volvo forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and construction activity limited vehicle sales. Truck makers have experienced a slowdown in demand as markets have normalised following historically high sales in 2023 when customers …
AB Volvo profit misses forecast and expects flat truck sales next year Read More »
MULTAN, Pakistan (Reuters) – Pakistan captain Shan Masood termed their series-levelling victory in the second test against England “special” as the hosts snapped their nearly four-year winless run on home soil in this format. The 152-run victory in Multan on Friday is Pakistan’s first in a home test since they defeated South Africa in Rawalpindi …
Cricket-Captain Shan hails ‘special’ win as Pakistan snap winless home run Read More »
BEIJING/SHANGHAI (Reuters) – China’s central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People’s Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September, …
China rolls out $112 billion funding schemes to bolster stock market Read More »
By Tom Westbrook, Dhara Ranasinghe and Naomi Rovnick SINGAPORE/LONDON (Reuters) – Global investors are buying China and betting last month’s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve. The sentiment shift has been fast and furious, spurring billions of …
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year’s hefty increase, although economists doubt that another such bump is realistic. The announcement by Rengo means debate about pay rises for next year will …
Japan’s biggest union group targets 5% wage hikes next year Read More »
By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said its CEO John Lyttle would step down as the group announced a strategic review that could see it broken up. The company, which trades as boohoo, boohooMAN, PrettyLittleThing, Debenhams and Karen Millen, said on Friday that Lyttle, CEO for five years, had …
Boohoo CEO to step down as strategic review launched Read More »
By Suban Abdulla LONDON (Reuters) -British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs that consumers were downbeat about possible tax rises ahead of the new government’s first budget later this month. Sales volumes increased by 0.3% in September, beating economists’ expectations for a monthly 0.3% fall. …
UK consumers defy their budget worries to shop more Read More »
By Rajendra Jadhav and Daksh Grover (Reuters) – Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed. In India domestic prices hit a record high of 77,641 rupees ($923.85) per 10 grams, up more …
Record prices dull India demand ahead of key festival Read More »
