Headlines

Oil slips on US gasoline stocks buildup; traders eye weekend OPEC+ meet

Oil slips on US gasoline stocks buildup; traders eye weekend OPEC+ meet

By Siyi Liu SINGAPORE (Reuters) -Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investo..

UK’s Direct Line surges after rejecting Aviva’s $4.16 billion takeover offer

UK’s Direct Line surges after rejecting Aviva’s $4.16 billion takeover offer

(Reuters) -Shares in UK’s Direct Line Insurance soared over 36% in early trade on Thursday after it rejected a 3.28 billion poun..

ASML and peers climb on hopes for less severe US curbs on China chips

ASML and peers climb on hopes for less severe US curbs on China chips

(Reuters) -Shares of ASML and its peers in the European computer chip equipment sector climbed on Thursday after Bloomberg News report..

Bitcoin options trade shows more bets on retreat after failing to breach $100,000

Bitcoin options trade shows more bets on retreat after failing to breach $100,000

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) –     Investors in the world’s largest cryptocurrency are anticipating a si..

French tightening plans credible, Dutch want to spend too much, says Commission

French tightening plans credible, Dutch want to spend too much, says Commission

By Jan Strupczewski BRUSSELS (Reuters) -France’s draft 2025 budget and medium-term plan to bring down public debt are in line wi..

Asian stocks slide amid Trump tariff worries, yen gains

Asian stocks slide amid Trump tariff worries, yen gains

By Kevin Buckland TOKYO (Reuters) -Asian stocks fell on Wednesday and currencies were volatile as investors fretted over whether other..

UK shop prices fall less sharply in November, survey shows

UK shop prices fall less sharply in November, survey shows

LONDON (Reuters) –     Prices in British shops fell less sharply this month, according to a survey from the British Retail Conso..

Britain’s parliament to vote on strict anti-smoking rules

Britain’s parliament to vote on strict anti-smoking rules

By Catarina Demony LONDON (Reuters) –     British lawmakers will on Tuesday debate and vote on plans to introduce some of the wo..

Italy’s Bending Spoons to take Brightcove private in $233 million deal

Italy’s Bending Spoons to take Brightcove private in $233 million deal

(Reuters) –     Cloud-based streaming platform Brightcove said on Monday Bending Spoons will buy the company in a transaction va..

LightOn to become Europe’s first listed GenAI startup with Paris IPO

LightOn to become Europe’s first listed GenAI startup with Paris IPO

(Reuters) – French generative AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Pari..

Audi unveils new EV brand in China without four ring logo

Audi unveils new EV brand in China without four ring logo

By Brenda Goh SHANGHAI (Reuters) – Audi on Thursday unveiled a new electric vehicle brand in China whose cars will sport just th..

Diamond necklace possibly linked to Marie Antoinette’s demise up for auction

Diamond necklace possibly linked to Marie Antoinette’s demise up for auction

By Cecile Mantovani and Denis Balibouse GENEVA (Reuters) – A diamond-studded necklace thought to be involved in a scandal that l..

Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump

Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump

By Akash Sriram (Reuters) -Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sa..

Coty sees annual profit at low end of forecast as mass beauty demand slows

Coty sees annual profit at low end of forecast as mass beauty demand slows

(Reuters) –     Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for be..

Italy opens procedure against Sinochem over Pirelli possible governance breach

Italy opens procedure against Sinochem over Pirelli possible governance breach

MILAN (Reuters) –     Pirelli said on Wednesday that Italy’s Prime Minister’s Office opened an administrative proced..

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

Safran appoints new CEOs for its Aircraft Engines, Electrical & Power units

(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in th..

UK orders China-registered firm to sell stake in Scottish chip company

UK orders China-registered firm to sell stake in Scottish chip company

LONDON (Reuters) –     The British government on Wednesday ordered China-registered Future Technology Devices International Hold..

Cycling-Britain’s Froome dreaming of one last Tour de France

Cycling-Britain’s Froome dreaming of one last Tour de France

(Reuters) – Four-times Tour de France champion Chris Froome says he dreams of competing in the world’s greatest cycling ra..

Shein’s European entity reports 68% sales growth in 2023

Shein’s European entity reports 68% sales growth in 2023

By Helen Reid LONDON (Reuters) -Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68% in 2023, hittin..

KPMG to lay off less than 4% of US audit workforce, source says

KPMG to lay off less than 4% of US audit workforce, source says

(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with th..

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

Ryanair H1 profit falls 18% on lower fares, but price weakness moderating

By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended Septemb..

Swedish government commission recommends easing mortgage repayment rules

Swedish government commission recommends easing mortgage repayment rules

STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to g..

German companies’ hiring plans drop to four-year low, Ifo finds

German companies’ hiring plans drop to four-year low, Ifo finds

BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the ..

Morning Bid: A November to remember..

Morning Bid: A November to remember..

A look at the day ahead in European and global markets from Stella Qiu Asian markets started what promises to be a momentous month on ..

Virgin Money UK picks insider Gergely Zaborszky as next CFO

Virgin Money UK picks insider Gergely Zaborszky as next CFO

(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, a..

Amundi’s Q3 net inflows profit from ETF demand, Asian operations

Amundi’s Q3 net inflows profit from ETF demand, Asian operations

By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted in-line quarterly inflows on Wednesday..

French economy expanded 0.4% in Q3, INSEE says

French economy expanded 0.4% in Q3, INSEE says

  PARIS (Reuters) -French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the secon..

More companies planning price hikes in Germany, survey finds

More companies planning price hikes in Germany, survey finds

  BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price..

Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs

Novartis to pay Monte Rosa $150 million upfront to develop a new class of drugs

  (Reuters) – Swiss pharmaceutical giant Novartis will pay Monte Rosa Therapeutics $150 million upfront payment for a globa..

G20 welcomes recommendations to unlock funding for climate transition projects

G20 welcomes recommendations to unlock funding for climate transition projects

  By Marcela Ayres WASHINGTON (Reuters) -A group of funds backed by the world’s 20 largest economies aimed at financing cli..

Accor adjusts guidance as it sees strong demand at luxury hotels

Accor adjusts guidance as it sees strong demand at luxury hotels

  By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bo..

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say

  By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those c..

European shares end flat as economic woes overshadow upbeat earnings

European shares end flat as economic woes overshadow upbeat earnings

  By Paolo Laudani, Ankika Biswas and Johann M Cherian (Reuters) -European shares gave up early gains to close little changed on ..

Tesla promises paid robotaxis next year, but significant hurdles remain

Tesla promises paid robotaxis next year, but significant hurdles remain

  By Chris Kirkham (Reuters) -Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hail..

Harley-Davidson lowers full-year revenue forecast on weak demand

Harley-Davidson lowers full-year revenue forecast on weak demand

  By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrow..

FTSE 100 closes higher on earnings boost

FTSE 100 closes higher on earnings boost

  By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings..

Allianz weighs options for AllianzGI unit, sources say

Allianz weighs options for AllianzGI unit, sources say

  By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON (Reuters) – Allianz is weighing options fo..