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Stable dollar has yen pinned close to key level of 152
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Shares rebound, yields stay high as services data sends mixed signals
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Novo says Ozempic starter kits still not available in Germany in Q2
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Euro zone inflation unexpectedly eases, boosting rate cut case
UK supermarket sales rise 5.4%, NIQ market researcher says
Date: April 3, 2024
UK supermarket sales rise 5.4%, NIQ market researcher says LONDON (Reuters) – British supermarket total sales rose by 5.4% year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday. The increase was slightly stronger than the 5.3% rise reported a month earlier, market...
UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes
Date: April 3, 2024
UK’s Topps Tiles flags persistent weak demand in 2024 after lower H1 volumes (Reuters) -Britain’s largest tile retailer Topps Tiles said on Wednesday subdued demand in the domestic repair and maintenance sector, especially for big-ticket projects, persisted into 2024, with lower volumes impacting its half-year profit. Fortunes of companies such as Topps Tiles are firmly...
Swiss Re appoints Andreas Berger as new CEO from July
Date: April 3, 2024
Swiss Re appoints Andreas Berger as new CEO from July ZURICH (Reuters) -Reinsurance company Swiss Re said on Wednesday Andreas Berger would become group chief executive officer from July, replacing Christian Mumenthaler, who will be stepping down after eight years at the helm. “The board unanimously determined that Andreas Berger is the right person to...
CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says
Date: April 3, 2024
CMA CGM acquires 10% in stake in Volvo-Renault EV joint venture, Renault says (Reuters) – French car manufacturer Renault on Wednesday announced that shipping group CMA CGM officially joined Flexis, its partnership with Volvo Group on electric vans. CMA CGM, through its energy fund, acquired a 10% stake in Flexis and has confirmed its interest...
Renault’s Ampere starts development of new electric Twingo, sources say
Date: April 2, 2024
Renault’s Ampere starts development of new electric Twingo, sources say By Gilles Guillaume PARIS (Reuters) – Renault will start engineering work on a more affordable version of its electric Twingo model this month, two sources told Reuters, with production targeted in two years as it seeks to stave off intense competition from Chinese rivals. China’s...
Euro zone factory downturn deepened again in March, PMI shows
Date: April 2, 2024
Euro zone factory downturn deepened again in March, PMI shows LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace than in February, as demand continued to fall, according to a survey which nevertheless showed an uptick in optimism. HCOB’s final euro zone manufacturing...