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Regulators lack resources to tackle greenwashing, says EU watchdog
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EU clears 1.75 billion euro compensation for eastern German coal exit
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Oil drops more than $1 as OPEC+ decision spotlights shaky demand
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London stocks down as energy stocks drag
Dollar stands tall as traders mull Fed outlook; focus on ECB
Date: June 3, 2024
Dollar stands tall as traders mull Fed outlook; focus on ECB By Amanda Cooper LONDON (Reuters) -The dollar held steady on Monday, as investors warmed to the idea that U.S. inflation may have slowed enough for the Federal Reserve to cut rates in 2024, while the euro was calm ahead of an expected cut from...
Morning Bid: Markets in upbeat mood as factories hum
Date: June 3, 2024
Morning Bid: Markets in upbeat mood as factories hum By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Share markets have started the week in a positive mood, helped in part by signs of accelerating factory activity across Asia where the private Caixin survey showed...
OPEC+ extends deep oil production cuts into 2025
Date: June 3, 2024
OPEC+ extends deep oil production cuts into 2025 By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S....
Spotify raises U.S. prices of its premium plans in margin push
Date: June 3, 2024
Spotify raises U.S. prices of its premium plans in margin push (Reuters) -Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins. On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99,...
Euro zone manufacturing sees potential signs of recovery in May, PMI shows
Date: June 3, 2024
Euro zone manufacturing sees potential signs of recovery in May, PMI shows LONDON (Reuters) – The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years, leading to improved business confidence. HCOB’s final euro zone manufacturing...
London stocks edge higher ahead of ECB rate decision; GSK slumps
Date: June 3, 2024
London stocks edge higher ahead of ECB rate decision; GSK slumps By Pranav Kashyap (Reuters) -London stocks rose on Monday, mirroring counterparts in Asia, ahead of the highly anticipated rate cut by the European Central Bank due later this week, while drugmaker GSK kept gains in check. The blue-chip FTSE 100 index was up 0.1%...