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…
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
LONDON (Reuters) – Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse’s future path would put pressure…
‘Utter Incompetence’: European Officials Accuse US Of Ripping Up Banking Rules With SVB Bailout
‘Utter Incompetence’: European Officials Accuse US Of Ripping Up Banking Rules With SVB Bailout Nino Cambria on March 16, 2023 European officials are enraged at the U.S. for their decision to bail…
ECB’s Villeroy: rate hike signals strong confidence in European banks
PARIS (Reuters) – The European Central Bank’s decision to raise interest rates by half a point on Thursday reflects the central bank’s priority of fighting inflation and also signals strong confidence in…
Panama sees limited risk from US, European bank problems
PANAMA CITY (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said on Thursday, adding that local…
European junk bond index hits three-month high; financials indices rise
LONDON (Reuters) – The cost of insuring exposure to European junk bonds hit its highest in three months on Wednesday, as shares in banking stocks plummeted following a 20% drop in embattled…
No all-clear yet for European banks after SVB collapse – German economist
BERLIN (Reuters) – European banks are not completely in the clear after the collapse of Silicon Valley Bank and Signature Bank even though they do not face a systemic risk, the president…
European arms imports climb, U.S. dominance in exports grows – think tank
STOCKHOLM (Reuters) – European states increased their imports of major weaponry by 47% in the five years to 2022, while the United States’ share of global arms exports rose to 40% from…
European bank shares tumble day after U.S. market turmoil
LONDON (Reuters) – European banking stocks headed for their largest one-day fall in nine months on Friday, a day after a sharp sell-off in U.S. banks. Europe’s STOXX banking index fell 4.2%,…
European chemicals firms downbeat on 2023 prospects
By Bartosz Dabrowski, Andrey Sychev and Tristan Chabba (Reuters) – European chemical producers painted a bleak picture of their prospects for 2023 on Thursday, citing the continuing fallout from Russia’s invasion of…
European banks, asset managers study halving stocks settlement time
By Huw Jones LONDON, Mar 2 (Reuters) – Banks and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time…
European high yield debt looks increasingly vulnerable, Deutsche Bank says
By Chiara Elisei LONDON (Reuters) – European high yield corporate debt is increasingly vulnerable as the global economy slows, suggesting a higher risk of defaults, Deutshe Bank said in a note on…
Ray-Ban maker EssilorLuxottica’s sales rise on solid European growth
(Reuters) -Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions. The maker…
New year rally in European stocks to run out of steam: Reuters Poll
By Lucy Raitano and Samuel Indyk London (Reuters) – Potential downward earnings revisions and uncertainty over the outlook for monetary policy are leading analysts and strategists to take a cautious view on…
Jaguar Land Rover opens three European self-driving tech hubs
By Nick Carey LONDON (Reuters) – Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its…
European court rules in favour of whistleblower in Luxembourg leaks case
PARIS (Reuters) -The European Court of Human Rights on Tuesday ruled in favour of a former employee of accounting firm PwC, saying his 2016 conviction for leaking data about Luxembourg’s tax deals…
Aerospace engine makers work with European regulators after delays in U.S. rules
By Allison Lampert (Reuters) – Aerospace companies are pushing U.S. regulators to simplify domestic rulemaking, after delays led the country’s aircraft engine makers to a European agency to meet a global emissions…
Florida state court system, US, EU universities hit by ransomware outbreak
By James Pearson and Raphael Satter LONDON/WASHINGTON (Reuters) -A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to…
European shares gain on earnings boost, focus on Powell comments
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares eked out slim gains on Tuesday, helped by some upbeat earnings reports though investors grew increasingly jittery about interest rates staying higher…
Germany to drag on European growth this decade – Scope ratings agency
BERLIN (Reuters) – Germany will act as a drag on growth in Europe until at least 2030, as it faces pressure to address a declining workforce and sluggish investment, according to a…
Steelmaker SSAB flags improving shipments in more stable market
By Niklas Pollard STOCKHOLM (Reuters) -Swedish steelmaker SSAB expects to increase shipments in a more stable market in the first quarter, it said on Friday as it reported earnings in line with…
Germany’s education advantage over European peers at risk – IW Study
BERLIN (Reuters) – Germany is well positioned in education levels when compared with its European peers, but a study conducted by the IW economic institute showed that this privileged position could be…
European junk debt sales spring back to life as sentiment improves
By Chiara Elisei LONDON (Reuters) – Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia’s war…
European Country Moves To Ban ‘Conversion Therapy’ For Transgender People
European Country Moves To Ban ‘Conversion Therapy’ For Transgender People Laurel Duggan on January 18, 2023 British culture minister Michelle Donelan announced that the government would soon introduce legislation banning what she…
European airlines to invoke EU freedoms to challenge flight bans
By Joanna Plucinska and Tim Hepher DUBLIN (Reuters) – The airline industry plans to invoke EU rights to freedom of movement to push back against environmental restrictions on short-haul flights, officials in…
European car sales jump in December
BERLIN (Reuters) – European new car registrations increased sharply in December, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered in the European Union, Britain and…
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