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World stocks gain, US yields fall at start of jam-packed week
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Surging yen upends popular global FX carry trades
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Factbox-Britain shakes up listings rules to attract investment
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EU short-term rental bookings surged 28% in first quarter – Eurostat
UK public sector workers get above-inflation pay rises, worth 9 billion pounds
Date: July 29, 2024
LONDON (Reuters) -British public sector workers such as teachers and doctors are set to receive inflation-busting pay rises worth 9.4 billion pounds ($12.1 billion) that will pressure the public purse but help avoid disruptive industrial action, the government said on Monday. The new Labour government said it would make cuts to public spending in other...
NatWest first-half profit down 16% as mortgage competition bites
Date: July 26, 2024
LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products. The British bank said this month that the government’s stake in it fell below 20%,...
Global investors scramble to dodge US election curveballs
Date: July 25, 2024
By Naomi Rovnick LONDON (Reuters) – Investors are scrambling to shore up global portfolios against wild market swings ahead of the Nov. 5 U.S. presidential election and backing out of assets stuck in the crosshairs of uncertainty, from big tech stocks to European government debt. With Republican Donald Trump and Democrat Vice-President Kamala Harris in...
Explainer-How Germany’s hydrogen economy could transform energy use
Date: July 25, 2024
By Vera Eckert FRANKFURT (Reuters) – German utility EnBW this week pledged 1 billion euros ($1.08 billion) to build pipelines to carry clean hydrogen as part of a plan for a nationwide grid that will start commercial operations by 2032. Germany is betting on green hydrogen, produced through electrolysis driven by wind and solar power,...
German, French companies less hopeful over economic recovery
Date: July 25, 2024
By Francesco Canepa and Maria Martinez FRANKFURT/BERLIN (Reuters) – Companies in the euro zone’s two largest economies are growing more pessimistic, surveys showed on Thursday, raising concerns over the bloc’s already sluggish recovery. The euro zone has struggled to hold on to a post-pandemic economic rebound led by the United States due to issues such...
Nvidia supplier SK Hynix posts 6-year high profit on AI boom
Date: July 25, 2024
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursday as the Nvidia supplier said strong AI chip demand will only get stronger, such as for high bandwidth memory (HBM) used in generative AI chipsets. “AI demand continues to grow above expectations… We expect...