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ECB delivers its first rate cut in five years
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Sterling ticks lower as wage growth expectations ease
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World leaders, veterans, commemorate D-Day’s 80th anniversary in Normandy
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French jet engine maker Safran gets Italy’s clearance to buy Microtecnica
Salesforce to open first AI centre in London
Date: June 6, 2024
Salesforce to open first AI centre in London LONDON (Reuters) – Salesforce has picked London for its first AI centre, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills. The U.S. cloud software company, which is hosting 18,000 people at its annual London World Tour...
Trafigura’s first-half net profit falls in calmer market
Date: June 6, 2024
Trafigura’s first-half net profit falls in calmer market By Natalie Grover LONDON (Reuters) – Trading house Trafigura posted a more than 74% drop in net profit in the first half of its 2024 financial year, the lowest since 2020 for the same period, as the extreme turbulence that defined commodity markets in recent years fizzled...
German industrial orders unexpectedly fall in April
Date: June 6, 2024
German industrial orders unexpectedly fall in April (Reuters) – German industrial orders unexpectedly fell in April, marking the fourth month in a row of decreases, due to a significantly smaller number of large-scale orders compared with the previous month, according to federal statistics office data on Thursday. New orders were down by 0.2% month on...
UK services firms report slower growth and weaker inflation, PMI shows
Date: June 5, 2024
UK services firms report slower growth and weaker inflation, PMI shows By David Milliken LONDON (Reuters) – Growth among Britain’s services businesses eased in May from April’s 11-month high and inflation pressures dropped to their lowest in three years, a survey showed on Wednesday, potentially easing the way for a Bank of England rate cut...
Oil comes off four-month low as US jobs data fuels rate cut bets
Date: June 5, 2024
Oil comes off four-month low as US jobs data fuels rate cut bets By Deep Kaushik Vakil and Ahmad Ghaddar LONDON (Reuters) -Oil prices edged up from four-month lows on Wednesday after a fillip from a U.S. jobs report that firms up the case for a September cut to interest rates while markets weighed OPEC+...
Stocks gain on rate-cut wagers as ECB meeting looms
Date: June 5, 2024
Stocks gain on rate-cut wagers as ECB meeting looms By Danilo Masoni and Ankur Banerjee MILAN (Reuters) – World shares rose on Wednesday and the dollar inched up, with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the...