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Stocks gain, oil falls, traders focus on rates outlook
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High inflation and slowdown signs: the BoE’s tough trade-off
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Britain’s post-Brexit carbon pricing could cost Treasury billions – report
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Siemens Energy shares recover as guarantee talks continue
Swarm of quakes besets Italian town as supervolcano rumbles
Date: October 27, 2023
Swarm of quakes besets Italian town as supervolcano rumbles By Yesim Dikmen, Antonio Denti and Philip Pullella POZZUOLI, Italy (Reuters) – The talk in shops and coffee bars in Pozzuoli, a port town outside Naples, is not about soccer or politics, but of the fear that has gripped residents since a supervolcano sparked a swarm...
Emergency EU oil meeting focused on securing diesel supply -EU official
Date: October 27, 2023
Emergency EU oil meeting focused on securing diesel supply -EU official By Julia Payne BRUSSELS (Reuters) – European Union officials discussed diversifying oil stocks and creating a buffer for diesel and gasoil during an emergency meeting of the bloc’s oil coordination group, one told Reuters. Friday’s meeting was called by the EU commissioner for energy...
Dollar edges down as month-end flows weigh
Date: October 27, 2023
Dollar edges down as month-end flows weigh By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar eased against a basket of currencies on Friday, pulled-down by month-end rebalancing flows, but was on track to finish the week higher as fresh data reinforced the view the U.S. economy remains on a firm footing. U.S. consumer spending...
Volkswagen plans job cuts, further launch delays at software unit -manager magazin
Date: October 27, 2023
Volkswagen plans job cuts, further launch delays at software unit -manager magazin BERLIN (Reuters) -Volkswagen wants to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan which will see its long-awaited new software architectures delayed even further, news outlet manager magazin reported on Friday. The board of directors approved...
Italy to soften plans to hike retirement age in 2024, draft budget shows
Date: October 27, 2023
Italy to soften plans to hike retirement age in 2024, draft budget shows ROME (Reuters) – Italy’s government has softened plans to hike the retirement age from next year, under a draft budget seen by Reuters on Friday. Prime Minister Giorgia Meloni’s government this month said it planned to tighten in 2024 a temporary regime...
Analysis-Europe’s hard-pressed payment firms face investor exodus
Date: October 26, 2023
Analysis-Europe’s hard-pressed payment firms face investor exodus By Elizabeth Howcroft LONDON (Reuters) – A bleak economic outlook and tougher regulatory scrutiny are proving a final straw for investors in European payments company stocks, with signs some are giving up on the industry. Sector valuations, which ballooned during the COVID-19 pandemic as the market for digital...