Norway keeps rates on hold, may extend tight policy
OSLO (Reuters) - Norway's central bank kept its key policy interest rate on hold at 4.50% on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned in order to curb inflat...
1h ago
German engineering orders deepen decline in March, reports VDMA
BERLIN (Reuters) - German manufacturers deepened a decline in their order books in March, but economists pointed to a high comparative base of the previous year's period and hinted at potential signs of easing, the VDMA association reported on Frid...
2h ago
Turkey inflation up near 70%, highest since 2022
ISTANBUL (Reuters) - Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices. Month-on-m...
3h ago
ECB's Stournaras sees just three rate cuts in 2024 on strong growth
FRANKFURT (Reuters) - The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis Stournaras said in an interview with a Greek medi...
3h ago
Holiday Inn owner IHG reports 2.6% rise in quarterly room revenue
(Reuters) - Holiday Inn owner Intercontinental Hotels Group (IHG) said on Friday its first-quarter room revenue rose 2.6%, helped by performance in Japan, Australia, Europe and the Middle East. (Reporting by Chandini Monnappa and Yadarisa Shabong ...
4h ago
Analysis-Heavy oil shortage spells higher cost for shippers, road builders
By Robert Harvey and Arathy Somasekhar LONDON/HOUSTON (Reuters) - Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on ...
4h ago
Yen poised for best week in over a year; dollar waits on US jobs data
By Rae Wee SINGAPORE (Reuters) - The yen was headed for its best week in more than a year on Friday, helped by Tokyo's suspected intervention this week to pull the Japanese currency away from 34-year lows, which also left the dollar broadly on the ...
5h ago
North America drives Daimler Truck to core profit beat
(Reuters) - Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros ($1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North Ame...
5h ago
Credit Agricole's Q1 earnings jump as investment banking beats rivals
By Mathieu Rosemain PARIS (Reuters) - Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. Net ...
5h ago
SocGen's investment bank limits Q1 profit plunge
By Mathieu Rosemain PARIS (Reuters) - French bank Societe Generale reported a better-than-expected 22% slide in first-quarter net income on Friday, as profits on equity derivative sales offset more weakness at its retail bank and in fixed-income tr...
5h ago