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Oil prices fall again; demand worries outweigh tight supply
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Analysis-When, not if, Europe copies Wall Street share trading reform
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UK to examine Amazon and Microsoft’s cloud dominance
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Citigroup outlines layoff process, reassignments as overhaul takes shape
Dollar, stocks slip amid still tight U.S. labor market
Date: October 5, 2023
Dollar, stocks slip amid still tight U.S. labor market By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar eased and a gauge of global equities slipped on Thursday as investors grappled with U.S. unemployment benefits data pointing to a still-tight labor market and a Federal Reserve intent on keeping interests rates higher for...
Explainer-Why are British lender Metro Bank’s shares plunging?
Date: October 5, 2023
Explainer-Why are British lender Metro Bank’s shares plunging? By Lawrence White LONDON (Reuters) – Mid-sized British lender Metro Bank saw its shares plunge more than 25% on Thursday following reports it is trying to raise as much as 600 million pounds ($729 million) to strengthen its capital levels. It is another setback for the upstart...
‘Greedy beast’ of inflation not yet defeated, Bundesbank chief says
Date: October 5, 2023
‘Greedy beast’ of inflation not yet defeated, Bundesbank chief says FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth remains worrisome, Bundesbank President Joachim Nagel said on Thursday. The ECB has raised its deposit rate to a record high 4% from...
Sentiment among small German businesses near pandemic lows -survey
Date: October 5, 2023
Sentiment among small German businesses near pandemic lows -survey BERLIN (Reuters) – Sentiment among small and mid-sized businesses in Germany, hard-hit by massive cost increases, weak demand and high interest rates, is back near pandemic lows, a survey showed on Thursday. A study by credit agency Creditreform showed morale among the “Mittelstand” companies that form...
Pound dips after weak UK construction data, BoE survey
Date: October 5, 2023
Pound dips after weak UK construction data, BoE survey By Samuel Indyk LONDON (Reuters) – The British pound dipped against the U.S. dollar and the euro on Thursday after data showed the biggest slump in UK construction activity since 2020, while a Bank of England survey showed British firms see prices rising more slowly. The...
Alstom cash flow warning wipes $3 billion off train maker’s value
Date: October 5, 2023
Alstom cash flow warning wipes $3 billion off train maker’s value (Reuters) -Alstom’s shares plunged by as much as 38% in Paris on Thursday after the French train maker slashed its full-year free cash flow target, raising concerns over its debt levels. The shares were heading for their worst one-day drop in over 20 years...