FRANKFURT (Reuters) – Euro zone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed on Friday. Per capita productivity was unchanged compared to the same quarter a year earlier while it expanded by 0.5% based on …
Euro zone productivity growth remains weak in Q3, data shows Read More »
By Stefano Rebaudo (Reuters) – French debt risk premiums versus safe-haven German Bunds fell on Friday, after French President Emmanuel Macron said he would appoint a new prime minister in the coming days and his top priority would be getting a 2025 budget adopted by parliament. Meanwhile, hopes for joint funding at the European Union …
French debt risk premium drops as Macron says he will appoint new prime minister Read More »
By Tassilo Hummel and Ingrid Melander PARIS (Reuters) -French President Emmanuel Macron will appoint a new prime minister in the coming days whose top priority will be getting a 2025 budget adopted by parliament, he said on Thursday after the government was toppled by lawmakers. Michel Barnier, a veteran conservative, became the shortest-serving prime minister …
France’s Macron says he will appoint a new prime minister in the coming days Read More »
LONDON (Reuters) -British house prices jumped in November by much more than expected, adding to signs of a strengthening property market mortgage lender Halifax said on Friday, but it warned that affordability challenges for buyers remain. House prices rose by 1.3% in monthly terms in November after an upwardly revised 0.4% increase in October to …
UK house prices surge in November as market gains steam, Halifax says Read More »
LONDON (Reuters) -Some British rail services including connections to London’s Heathrow Airport were disrupted on Friday due to a nationwide fault with the communication system used between train drivers and signallers, a statement from National Rail said. Departure information available online showed services delayed into and from stations in London and other major cities. In …
UK rail services disrupted due to communications fault Read More »
(Reuters) – Shares in Puig dropped sharply in early Friday trade after the luxury beauty and fashion company said its Charlotte Tilbury brand was voluntarily withdrawing select batches of its make-up setting spray. Puig, which listed in Madrid in May, said on Thursday the withdrawal was expected to impact performance of its makeup segment, but …
Puig shares drop after withdrawal of some batches of Charlotte Tilbury spray Read More »
(Reuters) -Embattled Swiss solar panel maker Meyer Burger said on Friday it had secured nearly $40 million in bridge financing to stabilise its business after its largest customer, DESRI, revealed last month it was pulling out. Meyer Burger said in November its future looked uncertain after DESRI’s move was announced, which came on the heels …
Meyer Burger secures $40 million bridge loan after top client’s exit Read More »
BERLIN (Reuters) – German construction companies expect to see sales slump for a fifth year running in 2025 but there is some relief on the horizon, the ZDB industry association said on Friday. “Companies are no longer looking deeper into the valley of the crisis, but are increasingly orientating themselves along the bottom of the …
Slowdown in German construction reaching ‘bottom of trough’, industry group says Read More »
BUDAPEST (Reuters) – German carmakers have agreed to not shut down their factories in Hungary, the Central European country’s Prime Minister Viktor Orban said on Friday. A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected …
German carmakers vow to keep factories in Hungary running, Hungary PM Orban says Read More »
LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday. They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold …
Cash draws biggest weekly inflow since March 2023, BofA says Read More »
