USD Breaking News: CB Consumer Confidence Declines Ahead of FOMC
CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook.
Italys Post Office Invests 1.3 bln to Refurbish Branches
ROME, Jan 30 Reuters Italy39;s post office Poste Italiane plans to invest 1.2 billion euros 1.3 billion of mostly public money to renovate 7,000 outlets across the country, aiming to help older people in small towns who are struggling to access public services online. Poste said it would tap a fund financed by the Italian state […]
Toyota Defends Title, Worlds TopSelling Automaker in 2022
TOKYO, Jan 30 Reuters Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world39;s topselling automaker for a third straight year. Global sales for the group, including truck unit Hino Motors and smallcar maker Daihatsu, inched down 0.1 as record overseas sales of 8.6 million vehicles helped offset […]
Philips to Cut 13 of Jobs in Safety and Profitability Drive
Philips to cut another 6,000 jobs Increases number of layoffs since October to 13 of current workforce Shares up 5.5 as Q4 results beat expectations AMSTERDAM, Jan 30 Reuters Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a […]
UniCredit Hikes Payout Goal by 40 after Record Profit
MILAN, Jan 31 Reuters UniCredit pledged on Tuesday to return 5.25 billion euros 5.69 billion to investors based on its 2022 results, further hiking one of the most ambitious payout target among European banks, after posting its best profit in over a decade. The bank said net profit came in at 2.46 billion euros in the […]
Oil Slips on Rate Hike Worries, Russian Export Flows
OPEC seen sticking with oil output policy at Feb. 1 meeting Investors watch for central bank rate hikes Positive China data caps weakness Jan 31 Reuters Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures declined […]
Britain to Shake Up Private Pensions with Value for Money Test
LONDON, Jan 30 Reuters Britain said on Monday it will launch a public consultation on new rules requiring higher disclosure standards from private pensions schemes to give savers better value for money and prevent providers from gaming the system. Pensions minister Laura Trott said the shakeup of private pensions will also include reform of the charge cap […]
German Industry to Pay 40 more for Energy than PreCrisis
FRANKFURT, Jan 30 Reuters German industry is set to pay about 40 more for energy in 2023 than in 2021, before the energy crisis triggered by Russia39;s invasion of Ukraine, a study by Allianz Trade said on Monday, citing contract expiries and delayed wholesale pricing effects. The large energyprice shock still lies ahead for European […]
Euro Zone Economic Sentiment Rises in January to 7mth High
BRUSSELS, Jan 30 Reuters Euro zone economic sentiment rose to a sevenmonth high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday. The European Commission39;s Economic Sentiment Index ESI rose to 99.9 this month, above an upwardly revised 97.1 in […]
Crucial Euro Zone Inflation Data will only Include Estimate for Germany
BERLINFRANKFURT, Jan 30 Reuters Crucial euro zone inflation data due a day before the European Central Bank39;s Thursday meeting will only include an estimate for Germany after the bloc39;s biggest country delayed the release of its own figures, Eurostat said on Monday. German statistics agency Destatis unexpectedly pushed back the publication of German data to […]