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Alibaba nears $4 billion JV deal with S.Korea’s E-Mart, Bloomberg News reports
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UK’s FTSE 100 set for worst week in 16 months
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ECB’s Wunsch says weaker euro may take edge off US tariffs
Analysis-Italy’s growth bubble bursts to reveal fragile outlook
Date: December 17, 2024
By Gavin Jones ROME (Reuters) – Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’s third largest economy. After gross domestic product unexpectedly stagnated in the third quarter, national statistics bureau ISTAT said this month...
Morning bid: Investors look past politics to central bank moves
Date: December 17, 2024
A look at the day ahead in European and global markets from Ankur Banerjee Political upheaval is jolting governments from South Korea to Germany to Canada, but for now investors are keeping cool and Europe’s markets are set for a sedate open, waiting patiently for cues from this week’s slate of central bank meetings. The...
UK Business Leaders struggle to recognise cyber risk as financial threat amid rising breaches
Date: December 10, 2024
A staggering 74% of mid-to-large UK businesses have experienced cybercrime, yet many business leaders lack a clear understanding of cyber risks as financial threats, reveals a new survey by cyber risk solutions provider Resilience in partnership with YouGov. The survey, which polled 206 financial and IT decision-makers at UK firms with annual turnovers above £100m,...
Asian stocks see heavy outflows for second straight month in November
Date: December 5, 2024
By Gaurav Dogra (Reuters) – Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia,...
French consumer morale hits 5-month low as political crisis looms
Date: November 27, 2024
PARIS (Reuters) -French consumer confidence fell to a five-month low in November as households fretted over the outlook for the economy and the job market in the face of a looming political crisis, a survey showed on Wednesday. Statistics agency INSEE said its consumer confidence index fell to 90 from a downwardly-revised 93 in October,...
Novo, Lilly shares rise as Biden proposes obesity care coverage
Date: November 26, 2024
By Ludwig Burger and Stine Jacobsen (Reuters) – Shares of weight-loss drugmakers Novo Nordisk and Eli Lilly rose on Tuesday after U.S. President Joe Biden proposed expanding coverage of anti-obesity drugs under state-run health plans and as a potential rival drug missed expectations in a trial. Under the proposal, out-of-pocket expenses for the drugs would...