Multilateral banks could lend up to $480 billion more before rating downgrades, Fitch says
(Reuters) – A dozen of the largest multilateral development banks could collectively lend a further half-trillion dollars..
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Insurer Aviva secures $2 billion pensions buy-in
LONDON (Reuters) – British insurer Aviva has completed a 1.5 billion pound ($1.96 billion) bulk annuity buy-in deal with ..
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Stocks, US yields up after Fed minutes; inflation data on deck
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks advanced on Wednesday along with U.S. Treasury yields, as minutes from t..
Finance
Ratan Tata, who put India’s Tata Group on the global map, dies at 86
By Abhirup Roy (Reuters) – Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate o..
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Online shopping returns to growth in Europe amid fierce competition
By Helen Reid LONDON (Reuters) – Recovering consumer confidence has boosted online shopping in Europe this year, industry group ..
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Nobel chemistry prize 2024 goes to trio of protein pioneers
By Johan Ahlander, Niklas Pollard, Marie Mannes STOCKHOLM (Reuters) -U.S. scientists David Baker and John Jumper and Briton Demis Hass..
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Spain grants $146 million subsidy to Stellantis for potential EV battery plant
MADRID (Reuters) – Spain has granted automaker Stellantis a 133 million euro ($146 million) subsidy for its potential bat..
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Dollar steady, focus on Fed path, China, Middle East
By Alden Bentley and Medha Singh NEW YORK/LONDON (Reuters) – The dollar held steady near seven-week highs against major currenci..
Finance
UK population rises to 68.3 million, driven by immigration
LONDON (Reuters) – The United Kingdom’s population grew by 1% in annual terms to 68.3 million as of mid-2023, mainly due t..
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Online retailer Shein’s 2023 sales hit $2 billion in UK
By Helen Reid (Reuters) -Shein’s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the on..
Business
Bank of Portugal cuts growth forecast for this year and next
By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Tuesday lowered the economic growth outlook for this year to 1.6% from t..
Finance
Thirty marathons in 30 days: Briton tests his stamina to raise funds for rare disease
By Horaci Garcia and Nacho Doce BARCELONA (Reuters) – When Mike Humphreys finished his 42 kilometre (26.1 miles) run in B..
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Europe launches Hera asteroid probe on SpaceX rocket
PARIS (Reuters) – Europe’s Hera asteroid probe blasted off from Florida on a SpaceX rocket on Monday, beginning a t..
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Global money market funds draw large inflows in the week to Oct. 2
(Reuters) – Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U...
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Greece’s growth seen nearly unchanged in 2025, draft budget shows
By Lefteris Papadimas ATHENS (Reuters) – The Greek government is forecasting economic growth of 2.3% in 2025, outperformi..
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Exclusive-Samsung Electronics says it is not interested in spinning off foundry business
By Neil Jerome Morales and Heekyong Yang MANILA/SEOUL (Reuters) – Samsung Electronics is not interested in spinning off i..
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Pfizer wins bid to invalidate GSK’s patents over RSV vaccine
LONDON (Reuters) – Pfizer on Monday won a bid in a London court to invalidate two of GSK’s patents relating to a re..
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Manchester-based mobile network sees unprecedented growth and attracts major investment.
With over 45% of adults in the UK struggling to manage their domestic bills and credit commitments, millions are left without access t..
Finance
Italgas sees double-digit income growth to 2030, ups minimum dividend rise
By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s biggest gas distributor Italgas expects double-digit..
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Adani Group in talks to buy Heidelberg’s Indian cement operations, paper says
BENGALURU (Reuters) -The Adani Group is in talks to buy the Indian cement operations of Germany’s Heidelberg Materials in..
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Japan leads Asia stock rally, dollar firms after blowout US payrolls
By Kevin Buckland TOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Mon..
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Factbox-2024 Nobel prizes announced this week
STOCKHOLM (Reuters) – The Nobel prizes are to be announced this week, starting with the award for medicine or physiology ..
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Soccer-Beleaguered Man United battle to 0-0 draw at Villa
BIRMINGHAM, England (Reuters) -Manchester United ground out a 0-0 draw at Aston Villa on Sunday with the club suffering their w..
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UK pay growth weakest since February 2021, REC survey show
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the s..
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ECB will probably cut rates in Oct on risk of too low inflation: Villeroy
FRANKFURT (Reuters) – The European Central Bank will probably cut interest rates on Oct 17 as economic growth is weak and..
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Dollar hovers near six-week high ahead of US jobs report; sterling attempts recovery
By Ankur Banerjee and Medha Singh SINGAPORE/LODNON (Reuters) – The dollar hovered near a six-week high on Friday ahead of..
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Bayer sees Intacta2 Xtend GMO seed covering 30% of Brazil’s soybeans
SAO PAULO (Reuters) – Germany’s Bayer forecasts that some 30% of Brazil’s soybean area will be sowed with its..
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England’s NHS to offer Lilly’s weight-loss drug to some patients
(Reuters) – England’s National Health Services will offer Eli Lilly’s weight-loss drug to nearly a quarter mi..
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Telecom Italia board to meet Friday over bid for Sparkle unit, sources say
MILAN (Reuters) – Telecom Italia (TIM) will hold a board meeting on Friday over a 700 million euro ($772 million) non-bin..
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Exclusive-Germany to vote against EU tariffs on Chinese electric vehicles, sources say
By Andreas Rinke FRANKFURT (Reuters) -Germany on Friday will vote against the introduction of European Union tariffs on Chinese..
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Sabadell CEO says 2024 full-year profit could top 1.6 billion euros
MADRID (Reuters) – The CEO of Spain’s Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more tha..
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Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings i..
Business
SWIFT to trial live digital currency transactions next year
By Alun John LONDON (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital..
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Levi Strauss shares fall on weak holiday-quarter forecast
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored ..
Business
Stocks lose ground, oil extends gains amid Middle East tension
By Iain Withers and Chibuike Oguh NEW YORK/LONDON (Reuters) – Global stocks fell on Thursday, weighed down by tepid trading in e..
Finance
Britain’s Tesco lifts profit outlook after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after..
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Britain’s Tesco lifts annual profit forecast after strong first half
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursda..
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