Category Archives:
German downturn eases in Nov, bringing hope for milder recession -flash PMI
BERLIN (Reuters) - The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from recent highs, offering hope that an e...
Nov 23, 2022
Euro zone growth will likely be negative in Q4, inflation high, ECB’s De Guindos Says
MADRID (Reuters) - The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the first quarter, European...
Nov 23, 2022
European shares hover near 3-month highs ahead of PMI data
(Reuters) - European stocks hovered near three-month highs on Wednesday, as rallying commodity shares offset weakness in Credit Suisse following its profit warning, with investors awaiting business ac...
Nov 23, 2022
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
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