FRANKFURT (Reuters) – Friday’s unexpectedly weak survey on the health of the German economy merely confirm the country’s predicament and discussion on the possible size of the next ECB interest rate cut needs to wait, Bundesbank chief Joachim Nagel said on Friday. “They are more or less confirming the overall picture that the German economy…
OTTAWA (Reuters) -Canada’s retail sales in September grew at a strong pace as consumers spent more at grocery stores and supermarkets, data showed on Friday, the first quarterly increase in sales this year. The solid pace in September which took the overall third quarter growth in retail sales to 0.9%, is likely to be followed…
By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit…
Investing.com — Huawei Technologies is set to release its most advanced domestically produced phone chip next week, demonstrating the company’s progress in chip manufacturing despite enduring U.S. sanctions, according to a report from The Wall Street Journal. The report states that the chip will feature in select models of Huawei’s upcoming Mate 70 series smartphones, scheduled…
Investing.com– Oil prices steadied Friday, heading for a positive week as increased concerns over Russia and Ukraine saw traders attach a greater risk premium to crude. At 09:25 ET (14:25 GMT), Brent oil futures expiring in January fell 0.1% to $74.19 a barrel, while West Texas Intermediate crude futures rose 0.1% to $70.19 a barrel….
WASHINGTON (Reuters) – The United Parcel Service (NYSE:UPS) will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday. The SEC said UPS misrepresented “its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst…
By Balazs Koranyi FRANKFURT (Reuters) – Some of the European Central Bank’s most influential policymakers urged the European Union on Friday to resurrect long-stalled economic integration to protect its model of prosperity from a looming trade war with the United States. U.S. President-elect Donald Trump has promised to impose tariffs on most if not all…
(Reuters) – Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping season. The Banana Republic parent’s expectations of strong tidings during the holiday period…
FRANKFURT (Reuters) – Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate the bloc, Bundesbank President Joachim Nagel said on Friday. Nagel joins a long list of policymakers arguing…
Investing.com — Gold prices are expected to continue their upward momentum in 2025, as per analysts at UBS, driven by two key factors: declining interest rates and persistent geopolitical risks. These elements are set to reinforce gold’s status as a safe-haven asset while also benefiting from broader economic conditions anticipated in the coming year. The…
