(Reuters) – Chemicals company LyondellBasell Industries N.V. on Friday increased its greenhouse gas (GHG) reduction target for direct emissions, as well as indirect emissions from purchased energy, to 42% by …
Reuters
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ECB’s Centeno sees very low probability of more 75 bps rate hikes
by Reutersby ReutersLISBON (Reuters) -The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now “very low”, ECB Governing Council member Mario Centeno said on Friday, warning …
- Business News
Investors expect BoE to finish raising rates in March: BoE survey
by Reutersby ReutersLONDON (Reuters) -Major financial market participants expect the Bank of England’s interest rate rising cycle to come to an end in March next year, with rates peaking at 4.25%, up …
- Business News
Polish fashion retailer LPP has no plans for ‘significant’ job cuts
by Reutersby ReutersBy Patrycja Zaras GDANSK (Reuters) – Poland’s biggest fashion retailer LPP is not planning “significant” job cuts as it reduces costs, finance chief Przemyslaw Lutkiewicz told Reuters. “Despite the expected …
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By Ebrahim Harris and Rozanna Latiff BATANG KALI, Malaysia (Reuters) -A landslide killed at least 21 people, including children, while they slept in their tents at an unlicensed campsite in …
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(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to …
- Business News
Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News
by Reutersby Reuters(Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on …
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Hungary central bank to keep EU’s highest rate steady as inflation shows no respite
by Reutersby ReutersBy Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is likely to leave its base rate unchanged at 13% next Tuesday, the highest in the European Union, amid a continued …
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ECB bars policymakers from speculating after backlash, Fed scandals
by Reutersby ReutersFRANKFURT (Reuters) – The European Central Bank has banned its top officials from picking stocks and bonds or making short-term trades after a string of scandals at the Federal Reserve …
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By Nick Carey LONDON (Reuters) – Europe’s car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to …
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(Reuters) – Advent International has agreed to buy Maxar Technologies Inc in a deal that values the satellite owner and operator at about $4 billion, the Wall Street Journal reported …
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By Thomas Escritt BERLIN (Reuters) -The German Foreign Office tweeted screenshots on Friday of the accounts of journalists suspended by Twitter, warning the platform that the ministry had a problem …
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By Alvise Armellini and Francesco Canepa ROME/FRANKFURT (Reuters) – Italian ministers lashed out at the European Central Bank on Friday, labelling as “baffling” and “crazy” a decision to hike borrowing …
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By Vera Eckert and Tom Sims FRANKFURT (Reuters) – Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it …
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Airbus, Dassault, Indra, Eumet win $3.4 billion fighter jet contract
by Reutersby ReutersPARIS (Reuters) – Airbus, Dassault Aviation, Indra and the Eumet joint venture between Safran and MTU Aero Engines said on Friday they had won a 3.2 billion euros ($3.4 billion) …
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PARIS (Reuters) -Searches were conducted on Thursday at U.S conglomerate General Electric’s Belfort site in France as part of an ongoing probe into possible tax fraud, France’s financial prosecutor said …
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Extreme bear sentiment over as investors buy stocks and bonds – BofA
by Reutersby ReutersBy Lucy Raitano LONDON (Reuters) -Investors ploughed cash into stocks and bonds and sold cash and gold in the week to Wednesday, BofA Global Research said on Friday, hailing the …
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By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Friday lowered its 2023 economic growth forecast to 1.5% from 2.6% predicted in June, expecting a sharp slowdown after this …
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By Alexander Marrow and Hilary Russ MOSCOW/NEW YORK (Reuters) – McDonald’s Corp regularly engages with its successor brand in Russia following its exit from the market earlier this year, communications …
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A look at the day ahead in U.S. and global markets from Mike Dolan. As the world’s major central banks turned the interest rate screw this week and insisted on …
- Business News
China issues plan to increase flights, boost air passenger volumes – Caixin
by Reutersby ReutersSHANGHAI (Reuters) -China plans to increase flights with a goal to restore the country’s average daily passenger flight volumes to 70% of 2019 levels by Jan. 6, financial news outlet …
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By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday appointed a committee to represent FTX accountholders and other junior creditors in the collapsed crypto exchange’s …
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Euro zone business activity falls at slower rate in Dec, inflation eases -PMI
by Reutersby ReutersBy Indradip Ghosh BENGALURU (Reuters) – Euro zone business activity shrank at the slowest pace in four months in December, suggesting a likely recession ahead will be shallower than previously …
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Japan approves tax-code revision, more funds for defence build-up
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO (Reuters) -Japan’s ruling bloc formally agreed on Friday to revise the national tax code for the next fiscal year starting in April, aiming to shift household …
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Italy’s Fincantieri sees scope to expand naval sales on security fears
by Reutersby ReutersBy Elisa Anzolin MILAN (Reuters) – Italian shipbuilder Fincantieri expects to increase sales in its naval business in the coming years as countries spend more on defence following Russia’s invasion …