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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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 ..
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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 ..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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 ..
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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..
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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..
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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..
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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..
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