Headlines

UK’s Barclays to sell German consumer finance business

UK’s Barclays to sell German consumer finance business

(Reuters) -Barclays is selling its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets..

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

(Reuters) -Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swed..

Dollar on defensive after soft data, battered yen under watch

Dollar on defensive after soft data, battered yen under watch

TOKYO (Reuters) – The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, off..

World stocks rise on rate cut bets, yen flounders at 38-year lows

World stocks rise on rate cut bets, yen flounders at 38-year lows

LONDON (Reuters) -Shares around the world rose on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectatio..

Sterling set for fifth daily rise ahead of UK election

Sterling set for fifth daily rise ahead of UK election

LONDON (Reuters) – The pound rose on Wednesday, taking advantage of a softening in the dollar and a reading of business activit..

Development banks get ratings boost on climate clauses and hybrid bonds

Development banks get ratings boost on climate clauses and hybrid bonds

By Marc Jones LONDON (Reuters) – The World Bank and other top development banks got a double boost on Tuesday as Fitch said deb..

Spain to crack down on holiday rentals to address housing crisis

Spain to crack down on holiday rentals to address housing crisis

MADRID (Reuters) – Spain’s government on Wednesday announced a crackdown on short-term and seasonal holiday lettings amid ..

Oil rises on US crude inventory draw, Mideast tensions

Oil rises on US crude inventory draw, Mideast tensions

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude..

UK’s Vodafone and Virgin Media agree new network sharing deal

UK’s Vodafone and Virgin Media agree new network sharing deal

LONDON (Reuters) – Britain’s Vodafone and Virgin Media O2 agreed a new network sharing agreement to extend their existing..

Rivian says no plans to produce vehicles with VW after media report on early talks

Rivian says no plans to produce vehicles with VW after media report on early talks

SAN FRANCISCO (Reuters) -Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S...