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Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
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Dell forecasts upbeat fiscal 2025 on AI server demand
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UK’s Rwanda plan for asylum seekers could cost more than 600 million pounds
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AirAsia operator Capital A records loss in Q4 as higher costs weigh
Bitcoin barrels to best month since 2020, Wall Street points higher after PCE
Date: February 29, 2024
Bitcoin barrels to best month since 2020, Wall Street points higher after PCE By Marc Jones LONDON (Reuters) – World stocks were near record highs on Thursday amid a monthly round of European and U.S. inflation data, while cryptomarkets were roaring bitcoin on to its best month in over three years. Wall Street was pointing...
German inflation eases to 2.7% in February, as expected
Date: February 29, 2024
German inflation eases to 2.7% in February, as expected By Miranda Murray BERLIN (Reuters) -Cheaper energy prices pushed German inflation down to 2.7% in February, according to data on Thursday that supports the case for the European Central bank to start cutting interest rates later this year. German consumer prices, harmonised to compare with other...
Euro zone inflation dips but stubborn core prices may worry ECB
Date: February 29, 2024
Euro zone inflation dips but stubborn core prices may worry ECB FRANKFURT (Reuters) -Euro zone inflation dipped further this month, strengthening the case for the European Central Bank to start easing interest rates from record highs later this year, even if data suggest a much slower decline in underlying price pressures. The ECB has kept...
Grifols’ shares tumble as restructuring costs hit annual profit
Date: February 29, 2024
Grifols’ shares tumble as restructuring costs hit annual profit By Joan Faus BARCELONA (Reuters) -Shares of Grifols dropped almost 10% on Thursday after the drugmaker reported a 72% plunge in 2023 profit due to restructuring costs and rising expenses, though it said it cut its debt ratio and was on track to reduce it further....
CMA CGM caps logistics push with $5 billion Bollore deal
Date: February 29, 2024
CMA CGM caps logistics push with $5 billion Bollore deal By Gus Trompiz PARIS (Reuters) – France’s CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping. The acquisition of the logistics division of...
Analysis-Bayer investors weigh need for cash call amid stifling debt
Date: February 29, 2024
Analysis-Bayer investors weigh need for cash call amid stifling debt By Ludwig Burger and Emma-Victoria Farr FRANKFURT (Reuters) – Bayer may have to ask shareholders for fresh capital to shore up its finances even after the debt-laden German drugmaker slashed dividends last week in its latest effort to get wiggle room, analysts said. But new...