top-stories
Top Stories
Stocks lose steam after U.S. data
Top Stories
European shares rise after US inflation data keeps Fed rate cut hopes alive
Top Stories
London stocks end higher for third month
Top Stories
Nvidia set to overtake Apple as world’s second-most valuable company
EU approves Italian aid for $5.4 billion STMicro chip plant
Date: May 31, 2024
EU approves Italian aid for $5.4 billion STMicro chip plant By Toby Sterling CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to build a 5 billion euro ($5.4 billion) chip plant, as Europe battles to reduce its reliance on Asian imports for vital manufacturing components. The plant in Catania,...
German retail sales fall more than expected in April
Date: May 31, 2024
German retail sales fall more than expected in April (Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe’s largest economy. Analysts polled by Reuters had predicted a 0.1% decrease. Year on year, retails sales...
Renault, Geely create joint venture for hybrid, combustion engines
Date: May 31, 2024
Renault, Geely create joint venture for hybrid, combustion engines (Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, hoping to improve the competitiveness of their legacy auto business. The venture is aimed at developing more efficient gasoline engines and hybrid systems,...
Investors hold their breath for inflation data
Date: May 31, 2024
Investors hold their breath for inflation data A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports from Europe and the U.S. headline the day’s agenda, with any kind of surprise likely to sway markets as investors weigh the shifting expectations...
Analysis-Aircraft shortages turn into cash bonanza for some airlines
Date: May 31, 2024
Analysis-Aircraft shortages turn into cash bonanza for some airlines By Rajesh Kumar Singh CHICAGO (Reuters) – Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they paid. Carriers such as Denver-based Frontier Airlines and Hungary’s...
India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports
Date: May 31, 2024
India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports BENGALURU (Reuters) – India’s central bank has moved a little more than 100 metric tons of gold from the UK to its domestic vaults, the Times of India newspaper reported on Friday, citing sources. A similar quantity of the precious metal...