Category Archives:
French economy contracted in November – flash PMI
PARIS (Reuters) - France's private sector economy contracted in November for the first time since February 2021, according to a monthly survey, as lower new orders weighed on the euro zone's second-bi...
Nov 23, 2022
Russian rouble firms ahead of three OFZ bond auctions
MOSCOW (Reuters) - The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil expor...
Nov 23, 2022
Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) - German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy i...
Nov 23, 2022
Gucci’s creative director Michele is exiting the brand – WWD
PARIS (Reuters) - Creative director Alessandro Michele is leaving Italian fashion house Gucci, the biggest brand of French luxury group Kering, Women's Wear Daily (WWD) reported late on Tuesday. "Coul...
Nov 23, 2022
Tech investor Prosus reports 82% fall in H1 profit
AMSTERDAM (Reuters) - Technology investor Prosus NV on Wednesday reported an 82% drop in earnings per share for the half year ended Sept. 30, due to higher investment costs and a smaller contribution ...
Nov 23, 2022
Analysis-Investors warm to European corporate bonds after a brutal year
By Harry Robertson LONDON (Reuters) - Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that central bank...
Nov 23, 2022
German residential property market faces risk of price drop – DIW study
BERLIN (Reuters) - The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. "We are not facing the bursting o...
Nov 23, 2022
U.S. FBI joins Continental cyberattack investigation – Handelsblatt
BERLIN (Reuters) - The U.S. Federal Bureau of Investigation (FBI) is involved in an investigation of a recent cyberattack on German automotive supplier Continental, German business daily Handelsblatt ...
Nov 23, 2022
Bank of England to raise Bank Rate by 50 bps in Dec, peak at 4.25% in Q1- Reuters poll
By Jonathan Cable LONDON (Reuters) - The Bank of England will press on with interest rate rises to battle inflation even though Britain is heading into a long albeit shallow recession, with consumers ...
Nov 23, 2022
Credit Suisse expects Q4 pre tax loss of around 1.5 billion Sfr
ZURICH (Reuters) -Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said on Wednesday, as it prepares t...
Nov 22, 2022
Peoria, IL, USA
54 °F Overcast
