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Oil climbs almost 3% as recession fears begin to fade
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Pound hits one-year high against struggling dollar
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Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
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Volkswagen to name Bentley production chief as new Cariad head – sources
“A great treat”: King Charles heralds weekend of coronation celebrations
Date: May 8, 2023
“A great treat”: King Charles heralds weekend of coronation celebrations LONDON (Reuters) – King Charles thanked singers who performed at a coronation concert in his honour at Windsor Castle for a “great treat” as a long holiday weekend of celebrations drew to a close on Monday. Amid pomp and pageantry, Charles and his wife Camilla...
Italy open to selling down MPS stake on market if terms, buyers are right – sources
Date: May 8, 2023
Italy open to selling down MPS stake on market if terms, buyers are right – sources By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter...
German industrial output slumps, recession fears rise
Date: May 8, 2023
German industrial output slumps, recession fears rise By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe’s largest economy. Production decreased by 3.4% on the previous month following a slightly revised increase of 2.1% in...
Asia shares edge higher, wary of US bank data
Date: May 8, 2023
Asia shares edge higher, wary of US bank data By Wayne Cole SYDNEY (Reuters) – Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar....
Analysis-Battle for China’s electric SUV market heats up at home and abroad
Date: May 8, 2023
Analysis-Battle for China’s electric SUV market heats up at home and abroad SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD. The market, crowded with more than 90 models, is...
King Charles greets wellwishers outside palace before coronation
Date: May 5, 2023
King Charles greets wellwishers outside palace before coronation LONDON (Reuters) -Britain’s King Charles and his son William greeted wellwishers outside Buckingham Palace in central London on Friday, a day before Charles’ formal coronation ceremony. Charles left the palace gates in his royal car before stopping halfway down the Mall, where fans are camped out ahead...