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News
Bank of England to hold rates, show patience with war-driven inflation: Reuters poll
6+ day, 3+ hour ago (577+ words) LONDON, Sept 8 (Reuters) – The Bank of England will hold Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a…...
Novo scraps two more heart drug trials, further dimming growth beyond obesity
6+ day, 20+ hour ago (191+ words) Sept 7 (Reuters) – Novo Nordisk said on Monday it had halted two additional trials of its experimental cardiovascular drug ziltivekimab, further denting the Danish drugmaker’s efforts to diversify beyond its blockbuster obesity and diabetes franchise. In July, Novo said ziltivekimab failed…...
Oil prices rise as latest fighting resurrects Middle East supply disruption risks
1+ week, 6+ day ago (452+ words) By Noel John and Sumit Saha Sept 1 (Reuters) – Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude…...
German chemical industry mood turns positive for first time in four years, Ifo says
2+ week, 2+ day ago (329+ words) By Anastasiia Kozlova and Amir Orusov Aug 28 (Reuters) – Germany’s chemical industry saw a sharp improvement in business sentiment in August, with companies turning positive on current conditions for the first time in four years, though the rebound remains heavily dependent…...
UK inflation expectations rise in August after recent falls, Citi/YouGov survey shows
2+ week, 5+ day ago (146+ words) LONDON, Aug 25 (Reuters) – Public inflation expectations in Britain rose in August, changing course after falling in recent months, a survey from U.S. bank Citi and pollsters YouGov showed on Tuesday. Expectations for inflation over the next 12 months jumped to…...
As war strands Qatari gas for 6 months, US sales rise and European stocks plummet
2+ week, 5+ day ago (218+ words) By Marwa Rashad and Nora Buli LONDON/OSLO, Aug 26 (Reuters) – Six months into the U.S.-Iran war, Qatar is among the conflict’s biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows. Saudi Arabia, the UAE, Iraq…...
ECB set for September rate hike with no appetite to signal more, sources say
2+ week, 5+ day ago (325+ words) FRANKFURT, Aug 25 (Reuters) – European Central Bank policymakers are ready to raise interest rates at their next meeting in September to contain the side-effects of the Iran war but they have little appetite to signal further tightening after that, three sources…...
Factbox-Companies face backlash over controversial products and advertisement campaigns
2+ week, 5+ day ago (461+ words) Aug 25 (Reuters) – Backlash over a Halloween costume sold by Target spilled into the retailer’s shares on Tuesday, drawing fresh attention to a string of similar controversies that have plagued global brands over cultural missteps. Here are some examples: Brand Product…...
IMF’s Georgieva says global economy weathering energy shock, sees fiscal concerns
2+ week, 5+ day ago (640+ words) WASHINGTON, Aug 25 (Reuters) – The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising…...
German business sentiment rises more than expected in August, Ifo survey finds
2+ week, 6+ day ago (198+ words) BERLIN, Aug 25 (Reuters) – German business morale grew more than expected in August, a survey showed on Tuesday, adding to signs that Europe’s largest economy is on track for a long-awaited recovery. The Ifo institute said its business climate index rose…...