Silver Spring Resident Hits $30K Mega Millions Prize, Eyes European Cruise
SILVER SPRING, MD — John Doe of Silver Spring, a dedicated Maryland Lottery player since its inception, recently won a $30,000 Mega Millions prize. The Montgomery County resident plans to spend his…
European companies confront IPO risks as Renk cancels float
By Emma-Victoria Farr and Pablo Mayo Cerqueiro FRANKFURT/LONDON (Reuters) -Buoyed by positive investor feedback and growing optimism around new stocks, German gearbox supplier Renk was on track to make its Frankfurt market…
European shares end worst quarter in a year with minor gain
By Bansari Mayur Kamdar and Shubham Batra (Reuters) -European shares rose on Friday after a drop in euro zone inflation in September cemented hopes the European Central Bank will pause its interest…
European shares fall for fifth day as real estate stocks tumble
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on UK landlords,…
Borrowing pressures to push European default rates to 3.75%-5.5% – S&P Global
By Marc Jones LONDON (Reuters) -Higher interest rates and a near stalling of Europe’s economy will put pressure on the credit ratings of the region’s companies, property firms and banks and drive…
Higher yields weigh on European shares, luxury stocks enter bear market territory
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate stocks pressured by surging bond yields, while fears over…
Traffic at Spain’s Aena airports outperforms European peers
(Reuters) – Passenger traffic at Spain’s Aena airports exceeded pre-pandemic levels for an eighth consecutive month in August, while traffic in other European terminals still lagged. The number of passengers travelling through…
European Commission cuts growth forecast for Germany in 2023
BERLIN (Reuters) – The German economy is expected to contract in 2023, the European Commision said on Monday, cutting its forecasts for the euro zone’s biggest economy. Germany’s gross domestic product is…
European private loan market falters as corporate credit stress mounts
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of…
Xpeng says it plans to expand into more European markets next year
MUNICH (Reuters) – Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the IAA…
European car sales rise 15% in July, EVs up nearly 61%
LONDON (Reuters) – European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile…
Most European banks’ deposits hit as savers hunt for deals -S&P
By Iain Withers LONDON (Reuters) – A majority of large European banks reported a fall in deposits over the year to June 2023 as customers shopped around for better savings deals, according…
Bounce in European property stocks: false start or turning point?
By Danilo Masoni MILAN (Reuters) – It’s hard to be bullish about real estate in an environment of sharply higher interest rates. Yet unloved property stocks in Europe staged a surprise rally…
Cheap European shares to struggle before testing record high in 2024 – Reuters poll
By Samuel Indyk LONDON (Reuters) – A slowdown in global growth is likely to offset an attractively valued European equity market for the rest of 2023, but with price pressures easing, a…
Analysis-Bulging warehouses mean lean times for longer for US, European companies
By Siddharth Cavale and Josephine Mason NEW YORK/LONDON (Reuters) – Lean times faced by many U.S. and European companies may last longer than expected as they try to sell off their bulging…
European battery maker ACC in ‘exploratory’ talks about North America battery plant
By Divya Rajagopal and Gilles Guillaume TORONTO/PARIS (Reuters) – Automotive Cells Co (ACC) is in early talks with officials in Canada and the United States on setting up a battery manufacturing plant…
European credit hedge funds top investor most-wanted list- Barclays
By Nell Mackenzie LONDON (Reuters) – European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this year, according to a report by Barclays…
European banks flag bad loan risks as global economy falters
By Iain Withers, Valentina Za and Jesús Aguado LONDON/MILAN/MADRID (Reuters) – Europe’s major banks, including Deutsche Bank and Lloyds Banking Group, on Wednesday pointed to the rising risk of bad loans as…
European Union agrees post-Brexit rules for hedge funds
By Nell Mackenzie LONDON (Reuters) – The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry…
Tesla wants to double the size of its European assembly plant- NYT
(Reuters) – Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe’s largest…
European sovereign bond funds pull in record $15 billion in second quarter
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the year, lured in by high yields and…
European assets jump after U.S. inflation slows
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest…
European firms look for footing in China-U.S. spat, French execs say
By Mathieu Rosemain and Leigh Thomas AIX-EN-PROVENCE, France (Reuters) – European firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with…
Amazon rolls out first European Rivian vans in Germany
By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans…
U.S. debt investors as climate-focused as European peers, survey finds
By Tommy Wilkes LONDON (Reuters) – U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey…
France’s European Mistral missile order worth 500 million euros – ministry
PARIS (Reuters) – France’s defence ministry said on Tuesday that it could order 1,000 Mistral air defence missiles worth about 500 million euros ($545.6 million) as part of a joint purchase with…
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