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Stocks rise in volatile trade after US inflation as yields climb
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Oil prices steady as OPEC retains demand forecasts
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New Bank of England liquidity backstop to first focus on gilts, insurers
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Tapestry celebrating Olympic athletes unveiled in Paris
Porsche sees lower returns in year of major model launches
Date: March 12, 2024
Porsche sees lower returns in year of major model launches By Christoph Steitz and Rachel More FRANKFURT/BERLIN (Reuters) -Porsche expects its profit margins to dip this year as the German luxury carmaker funds the launch of four new models to help it tackle tougher competition. The company said it would avoid a bigger hit to...
Explainer-What the EU’s $149 billion boost means for Poland
Date: March 12, 2024
Explainer-What the EU’s $149 billion boost means for Poland By Karol Badohal and Jan Strupczewski WARSAW/BRUSSELS (Reuters) – Polish Prime Minister Donald Tusk has secured the release of funds worth up to 137 billion euros from the European Union, ending years of feuding with Brussels over democratic standards in a boon to central Europe’s largest...
Leonardo to boost cybersecurity, space and AI in 5-year plan
Date: March 12, 2024
Leonardo to boost cybersecurity, space and AI in 5-year plan By Giulia Segreti ROME (Reuters) -Italy’s Leonardo will invest in digitalisation, artificial intelligence and interconnected platforms over the next five years as it focuses on security activities, the defence group said on Tuesday. “The world geopolitical scenario calls for a new global security paradigm, where...
UK electric vehicle delivery company Packfleet raises $10 million in funding
Date: March 12, 2024
UK electric vehicle delivery company Packfleet raises $10 million in funding By Nick Carey LONDON (Reuters) – UK package delivery startup Packfleet, which runs an all-electric fleet of vans in London, has raised $10 million in Series A funding to expand within the city and to other British cities later this year, it said on...
Column-Black Sea grain exports beating early market ideas by substantial degree -Braun
Date: March 12, 2024
Column-Black Sea grain exports beating early market ideas by substantial degree -Braun By Karen Braun NAPERVILLE, Illinois (Reuters) – Ukraine, particularly in the last few months, has been exporting much more grain than anyone expected despite more than two years of war with neighboring Russia. This, combined with two bumper Russian wheat crops, has led...
Stocks decline from record highs with US inflation data eyed
Date: March 11, 2024
Stocks decline from record highs with US inflation data eyed By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was lower for a second straight session on Monday, retreating further from a record high as investors braced for U.S. inflation data this week which could heavily influence the Federal Reserve’s path of interest...