Chinas Factories Fall Deeper into Contraction, more Policy Support Expected

Nov manufacturing PMI falls further to 49.4 Nonmanufacturing index expands at slower pace New export orders extend decline for ninth month Factory managers losing confidence in policy support analysts BEIJING, Nov 30 Reuters China39;s manufacturing activity shrank for a second straight month in November and at a quicker pace, suggesting more stimulus will be needed […]
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Euro Zone Inflation Tumbles, Pitting ECB Against Markets

FRANKFURT, Nov 30 Reuters Euro zone inflation tumbled far more than expected this month, a challenge to the European Central Bank39;s narrative that price growth remains stubborn and likely fuelling bets on early spring rate cuts in defiance of the bank39;s explicit guidance. Consumer price growth in the 20 nations sharing the euro currency dropped […]
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UKs Metro Bank Eyes Axing 1 in 5 Jobs, SevenDay Banking

LONDON, Nov 30 Reuters Metro Bank on Thursday announced sweeping costcutting plans aimed at bolstering its finances, which could see the British lender lay off 20 of its staff and axe some of its biggest customer perks including sevenday opening hours. Metro, which this week received shareholder approval for the equity portion of a 925 million […]
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BP to Buy Remaining 50 in Solar JV Lightsource BP

BP to acquire 50 stake for 322 million Deal part of BP39;s lowcarbon growth strategy LONDON, Nov 30 Reuters BP has agreed to take full ownership of Lightsource BP, buying the remaining 50 stake in its solar power joint venture as part of the British oil giant39;s drive to build up its renewable energy capacity. Under […]
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Robinhood Opens in Britain with LowCost US Trading to Woo Clients

LONDON, Nov 30 Reuters Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan aimed to democratise finance and increase access to markets. Robinhood grabbed the attention of millions during a 2021 retail trading frenzy in the United States, when momandpop investors […]
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Dutch State to Sell Down Stake in ABN Amro

AMSTERDAM, Nov 30 Reuters The Dutch government on Thursday said it would sell some of its shares in lender ABN Amro , reducing its stake to around 40. The Dutch state currently holds 49.5 of the shares in ABN Amro, one of three dominant banks in the Netherlands, following a bailout in the 2008 financial crisis. […]
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