Top Stories
Top Stories
GE HealthCare rises 8% in market debut, eyes small deals
Top Stories
Emirati FM meets Syria’s Assad in Damascus in further sign of thawing ties
Top Stories
Stellantis to build U.S. firm Archer’s air taxi, up stake
Top Stories
UK public’s inflation expectations fell in December: Citi/YouGov
Stocks, bonds extend rally on hopes rate hikes ease
Date: January 4, 2023
By Lawrence White LONDON/NEW YORK (Reuters) – Shares rose and bonds rallied worldwide on Wednesday as investors tiptoed into the new year with tentative optimism after a brutal 2022, looking to encouraging inflation data for hope that rate hikes might be less aggressive than feared. The MSCI All-World index jumped 0.75% in early trade, helped...
Sanofi sees decision on Zantac dispute with Boehringer in Q1 at earliest
Date: January 4, 2023
By Natalie Grover and Silvia Aloisi PARIS (Reuters) -French drugmaker Sanofi said on Wednesday its dispute with Germany’s Boehringer Ingelheim over potential liability for cancer claims in the United States, linked to heartburn drug Zantac, would be decided this quarter at the earliest. The two companies are in arbitration to decide what Sanofi’s obligations might...
Surprise French inflation drop adds to signs Europe prices are cooling
Date: January 4, 2023
PARIS (Reuters) -Inflation in France unexpectedly dropped well below 7% in December from a record high a month earlier, data showed on Wednesday, the latest sign that slowing energy price rises are helping Europe overcome the worst of the inflation crisis. The French data added to recent evidence of easing price pressures in the euro...
Sterling rises against weakening dollar, slightly up versus euro
Date: January 4, 2023
By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar and was slightly higher versus the euro as a relaxation of COVID rules in China sent investors bidding for risky currencies. Chinese state media played down the severity of a surge of COVID-19 infections on Tuesday, triggering hopes that a post-pandemic recovery in China...
UK housing market stalls, credit card borrowing accelerates: BoE data
Date: January 4, 2023
By Andy Bruce LONDON (Reuters) -Britain’s housing market slowed dramatically in November and people ramped up borrowing on credit cards, according to Bank of England data on Wednesday that underscored the effects of rising interest rates and the cost-of-living crisis. British lenders approved 46,075 mortgages in November, down from 57,875 in October and marking the...
Norway says fund to reduce Amazon deforestation in Brazil back in business
Date: January 4, 2023
BRASILIA (Reuters) – Norway, the major donor to the Amazon Fund, said the initiative for backing forest protection had been re-activated now that Brazilian President Luiz Inacio Lula da Silva was back in office and vowing to halt deforestation. “Brazil’s new President has signaled a clear ambition to stop deforestation by 2030,” Norwegian Minister of...