(Corrects paragraph 1 to say sales in the period were at 103% of pre-pandemic levels, not rose 103%; changes headline…
Sticky inflation prompts EBRD to trim 2023 growth outlook for its region
By Jorgelina do Rosario LONDON (Reuters) – High gas prices and persistent inflation eroding real wages will limit growth in…
Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023
By Jorgelina do Rosario LONDON (Reuters) – The potential economic effects of the earthquake in Turkey could result in a…
Marketmind: What landing?
A look at the day ahead in European and global markets from Wayne Cole. Forget soft landing, equities seem to…
Slowdown in UK inflation eases pressure on Bank of England
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation fell by more than expected in January and there…
Barclays tightens lending for dirtiest fossil fuels
LONDON (Reuters) -Barclays on Wednesday said it was tightening lending criteria for coal power and would stop financing oil sands…
Oil drops on huge U.S. stock build; demand outlook limits losses
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a one-week low on Wednesday on a much…
Biogen CEO bets on Alzheimer’s drug, pipeline to return to growth
By Manas Mishra (Reuters) -Biogen Inc Chief Executive Officer Christopher Viehbacher said on Wednesday he is banking on high-profile launches…
Bond euphoria grinds to a halt as inflation lingers
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Just like that, euphoria in the world’s biggest bond markets has…
Barclays shares tumble 9% as profit disappoints
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays reported a 14% fall in full-year pretax profit on Wednesday…