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BusinessBehind a Potential Honda and Nissan Tie-Up, the Existential Threat Posed by Chinese EVs
BusinessVolkswagen, Unions Continue Talks Over Plant Closures and Pay Cuts, Sources Say
Top StoriesMarathon Vw Talks to Resume in Search for pre-Christmas Deal With Unions
FinanceUK Employers Hold Pay Deals at 4% Before Expected Fall in 2025, Survey Shows
QUOTES-Economists on German Parties’ Election Programmes
Date: December 17, 2024
BERLIN (Reuters) -Germans are preparing to go to the polls on Feb. 23 after Chancellor Olaf Scholz lost a confidence vote, and their emphasis will be on the parties’ proposed solutions for the stuttering economy. The election catches Germany at a testing time, with the economy set to shrink for a second straight year, industrial...
Investors Brace for US Payrolls Data, Euro Flat Amid France Turmoil
Date: December 6, 2024
By Iain Withers and Stella Qiu LONDON/SYDNEY (Reuters) -Investors awaited U.S. payrolls data on Friday to see if it challenged or cemented expectations of a Federal Reserve rate cut this month, while the euro stumbled towards a flat week versus the dollar as France was gripped by political turmoil. European stocks edged up 0.2% after...
Morning Bid: Risk-Wary Markets Count Down to Payrolls
Date: December 6, 2024
A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors’ nerves as they awaited a crucial U.S. nonfarm payrolls report that could alter the odds of a Federal Reserve rate cut this month....
Asian Shares Slip on South Korea Risk, Dollar on Guard Ahead of Payrolls
Date: December 6, 2024
By Stella Qiu SYDNEY (Reuters) – Asian stocks slipped on Friday on political ructions in South Korea, while dollar bulls waited anxiously to see if U.S. payrolls challenged or cemented expectations of a rate cut this month. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3% in part due to a 1.7% drop in...
UK Firms Flag Over $1.4 Billion in Labour Costs From Increase in National Insurance, Wages
Date: December 5, 2024
(This Nov. 27 story has been corrected to say that Pets At Home and Halfords expect an increase in costs from a rise in both NIC and minimum wages, not just NIC) (Reuters) – British companies have flagged an increase of 1.1 billion pounds ($1.40 billion) in labour costs related to a rise in employers’...
Over Half UK Firms Plan to Raise Prices, Cut Jobs After Budget, BoE Survey Shows
Date: December 5, 2024
LONDON (Reuters) -More than half of British employers plan to raise their prices and cut jobs in response to the new government’s first budget, according to a survey published by the Bank of England on Thursday. Almost 60% of firms expected to lower their profit margins to cope with an increase in social security contributions...