Stocks wilt, dollar marches higher as central banks spring surprises

Stocks wilt, dollar marches higher as central banks spring surprises

[1/2]A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert Acquire Licensing Rights World stocks on longest losing streak since March Dollar highest since March Swiss franc tumbles on surprise SNB rate hold Fed signals another hike possible Traders see close Bank of England call later LONDON, Sept 21 … Read more

Deutsche Bank to see ‘normalization’ in FIC business in Q3, CFO says

Deutsche Bank to see ‘normalization’ in FIC business in Q3, CFO says

Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights FRANKFURT, Sept 21 (Reuters) – Deutsche Bank (DBKGn.DE) will see a “normalisation” of its fixed income and currency trading business in the third quarter from a strong performance a year ago, the lender’s finance chief James von … Read more

Berlin’s Brandenburg Gate spray-painted by climate activists

Berlin’s Brandenburg Gate spray-painted by climate activists

FRANKFURT, Sept 17 (Reuters) – Climate activists sprayed orange and yellow paint on the columns of Berlin’s landmark Brandenburg Gate on Sunday to push demands for a stop to the use of fossil fuels by 2030. “Members of the so-called ‘Last Generation’ sprayed the columns on the east side of the Brandenburg Gate with orange … Read more

Take Five: A central bank bonanza

Take Five: A central bank bonanza

Sept 15 (Reuters) – Central banks take centre stage with five of those overseeing the 10 most heavily traded currencies – including the U.S. Federal Reserve – holding rate-setting meetings, plus a swathe of emerging market ones as well. Here’s your week ahead in markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, … Read more

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

FRANKFURT/LONDON, Sept 7 (Reuters) – German advertising group Stroeer is considering possible options for the sale of Statista in 2024, in a process which could value the data gathering business at up to 1.5 billion euros ($1.6 billion), four sources familiar with the matter said. Private equity firms are looking at Statista ahead of a … Read more

France’s Macron wants German-style public transport subscription

France’s Macron wants German-style public transport subscription

French President Emmanuel Macron walks with France’s assistant coach Raphael Ibanez and Mayor of Rueil-Malmaison Patrick Ollier as he arrives for a meeting with France’s rugby team at their base camp’s training pitch in Rueil-Malmaison, outside Paris, France September 4, 2023. Ludovic MARIN/Pool via REUTERS Acquire Licensing Rights PARIS, Sept 4 (Reuters) – French President … Read more

Volkswagen is ready for Europe’s 2035 fossil-fuel car ban – CEO

Volkswagen is ready for Europe’s 2035 fossil-fuel car ban – CEO

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo Acquire Licensing Rights MUNICH, Sept 4 (Reuters) – Volkswagen (VOWG_p.DE) is ready for Europe’s planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle … Read more

Novo Nordisk launches weight-loss drug Wegovy in Britain

Novo Nordisk launches weight-loss drug Wegovy in Britain

A 0.25 mg injection pen of Novo Nordisk’s weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing Rights Novo announces launch of Wegovy in the United Kingdom Novo says launch will be “controlled and limited” Drug to be available through specialist NHS scheme and … Read more

Wall St gains, Treasury yields drop as data raises potential for Fed pause

Wall St gains, Treasury yields drop as data raises potential for Fed pause

[1/2]Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing Rights NEW YORK, Aug 29 (Reuters) – Wall Street extended the previous day’s gains on Tuesday while the dollar see-sawed amid light, pre-Labor Day trading as investors continued to … Read more

Shares jump as Nvidia results shine, bond yields retreat

Shares jump as Nvidia results shine, bond yields retreat

Weaker than expected euro zone data sends euro lower Nvidia jumps in trading after the bell on bullish forecast Investors eye Powell’s Jackson Hole speech Japanese yields hit new high, yen still in intervention zone U.S. Treasury yields pull back further from 16-year highs NEW YORK/LONDON, Aug 23 (Reuters) – The euro clung to a … Read more