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Stocks slip, yields rise after strong US labor data
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IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook
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Oil slips on China economic headwinds
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Consumer goods giants could see margin recovery halt as price hike benefits abate
Euro zone economy lags global growth as Germany struggles
Date: January 30, 2024
Euro zone economy lags global growth as Germany struggles By Francesco Canepa and Jan Strupczewski FRANKFURT/BRUSSELS (Reuters) – The euro zone’s economy stagnated last year, underperforming the rest of the world as former powerhouse Germany struggled with an industrial malaise that has no end in sight, data showed on Tuesday. The 20 countries that share...
Holcim takes ‘rock star’ North American business to Wall Street
Date: January 29, 2024
Holcim takes ‘rock star’ North American business to Wall Street By John Revill ZURICH (Reuters) – Holcim Chief Executive Jan Jenisch on Monday described his company’s North American operation, which the Swiss building materials firm plans to spin off next year, as a “rock star business.” Although he would hardly say much else about a...
European stocks surge, dollar gains as Fed decision looms
Date: January 29, 2024
European stocks surge, dollar gains as Fed decision looms By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -European shares surged to their highest since January 2022 and bond yields on both sides of the Atlantic eased on Monday even as markets scaled back what investors deemed had been overly ambitious bets on policy rate...
Financiers grapple with plane shortages amid Boeing MAX crisis
Date: January 29, 2024
Financiers grapple with plane shortages amid Boeing MAX crisis By Tim Hepher and Padraic Halpin DUBLIN (Reuters) -Airlines face years of plane shortages, driving up costs and setting the stage for higher fares, as increased oversight in the wake of a Boeing 737 MAX 9 cabin blowout exacerbates delays caused by weak supply chains, industry...
Dollar gains before Fed, March rate cut seen less likely
Date: January 29, 2024
Dollar gains before Fed, March rate cut seen less likely By Karen Brettell and Samuel Indyk NEW YORK (Reuters) – The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday. Traders have...
Global watchdog proposes new ethics code to combat greenwashing
Date: January 29, 2024
Global watchdog proposes new ethics code to combat greenwashing By Simon Jessop and Huw Jones LONDON (Reuters) – Firms that check environmental, social and governance claims made by companies will be asked to follow a proposed new ethics code to help combat greenwashing, the chief of a global standards body told Reuters. Trillions of dollars...