A look at the day ahead in U.S. and global markets from Mike Dolan. Pumped-up hopes for U.S. tech sector…
Primark cautious on 2023 after ‘very strong’ Christmas
By James Davey LONDON (Reuters) -Clothing retailer Primark reported better-than-expected trading over the Christmas quarter as shoppers returned to stores,…
Japan’s Nidec slashes full-year operating profit forecast on weak demand, restructuring costs
By Daniel Leussink TOKYO (Reuters) -Japanese electric motor maker Nidec Corp slashed its full-year operating profit forecast by nearly half…
Drop in business activity flags UK recession risk – flash PMI
By David Milliken LONDON (Reuters) -British private-sector economic activity fell at its fastest rate in two years in January, a…
Germany won’t reallocate energy crisis funds – finance minister
BERLIN (Reuters) – Germany might not use the full 200 billion euros ($217.50 billion) earmarked for the government’s response to…
European investors cut allocations to real estate -survey
(This Jan. 18 story has been corrected to say 800 billion, not million euros, in the second paragraph) LONDON (Reuters)…
Swatch positive on recovery in luxury demand from China
By John Revill ZURICH (Reuters) – Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after…
India’s top carmaker Maruti’s profit doubles on strong demand
BENGALURU (Reuters) -Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country’s biggest…
China development loans to emerging economies hit 13-year low in 2021 – study
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) -Loans committed by China’s two main trade policy banks fell to…
German consumer sentiment consolidates upward trajectory -GfK
BERLIN (Reuters) – German consumer sentiment is set to improve for a fourth consecutive month in February as energy prices…