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Economist Odor picked as Slovakia’s caretaker prime minister
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Euro zone industry output falls sharply, with Ireland plunge
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Record orders, strong sales drive strong Q2 for Siemens Energy
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Oil slips as economic worries take focus off tighter supplies
France’s AXA Q1 sales rise 2% as property policy demand grows
Date: May 15, 2023
PARIS (Reuters) -AXA, Europe’s second-biggest insurance company, said first quarter sales rose 2% from the same period a year earlier, as growth of its property and casualty policies offset a fall in revenue from savings products in France and Italy. Group revenue over the three-month period ending in March amounted to 31.8 billion euros ($35.01...
Swedish central bank’s Jansson considered bigger rate hike in April
Date: May 12, 2023
Swedish central bank’s Jansson considered bigger rate hike in April STOCKHOLM (Reuters) – Swedish central bank Deputy Governor Per Jansson weighed the need for a bigger hike than the half-percentage point raise adopted by rate-setters at the Riksbank’s most recent meeting in April, he said on Friday. “We had a very big miss when it...
Analysis-Jet orders boom as airlines fear shortage
Date: May 12, 2023
Analysis-Jet orders boom as airlines fear shortage By Tim Hepher PARIS (Reuters) – Planemakers can’t build them but airlines can’t stop buying them. Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of dollars of new orders stretching beyond 2030 amid...
Oil prices head for fourth weekly drop as demand fears weigh
Date: May 12, 2023
Oil prices head for fourth weekly drop as demand fears weigh By Rowena Edwards LONDON (Reuters) -Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the United States and China revived concern about fuel demand growth in the world’s two largest oil consumers. Brent crude futures fell 43...
G7 finance heads face tricky trade-off in debating steps to counter China
Date: May 12, 2023
NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies will debate this week the idea of implementing targeted controls on investments to China, which analysts see as a double-edged sword that could make little headway. China is much on the minds of G7 finance leaders gathering in the Japanese city of...
Orpea slides to annual loss of 4 billion euros on asset depreciation
Date: May 12, 2023
(Reuters) -French nursing care provider Orpea, hit by multiple scandals including allegations of malpractice at its care homes, on Friday reported an annual net loss, in line with the anticipated strong depreciation of its assets. Orpea witnessed a tough 2022, following the publication of a book by journalist Victor Castanet, which sent shockwaves through France...