By Andreas Rinke and Belén Carreño MADRID/BERLIN (Reuters) – German Chancellor Olaf Scholz and Spanish Prime Minister Pedro Sanchez will seek consensus during talks in Madrid on Monday over more left-leaning policies for Europe on areas ranging from fiscal policy to migration. The visit of Scholz, who took over from conservative chancellor Angela Merkel last…
By Gilles Guillaume and Dominique Vidalon PARIS (Reuters) -A solid performance by Renault’s higher-value brands helped soften an overall drop in annual worldwide group sales at the French carmaker, as its focus on more profitable models pays off. Renault’s worldwide group sales fell for the third year in a row in 2021, due notably to…
ISTANBUL (Reuters) – Turkey’s Halkbank shares climbed more than 8% on Monday after a U.S. appeals court put its prosecution by the federal government, for allegedly helping Iran evade American sanctions, on hold while the bank appeals to the U.S. Supreme Court. Halkbank shares were 8.5% higher at 5.59 lira at 0727 GMT. “The Bank…
By Emma Farge GENEVA (Reuters) – The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at least 2023 due to uncertainty about the pandemic’s course and duration, the International Labour Organization said in a report on Monday. The U.N. agency estimates the…
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them, a euro zone official said. The European Union’s Stability and Growth Pact is meant to stop governments borrowing too much in order to safeguard…
By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China’s economy rebounded in 2021 with its best growth in a decade helped by robust exports but there are signs momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support. Growth in the fourth quarter hit a one-and-a-half-year low,…
By Elizabeth Howcroft LONDON (Reuters) – European shares were slightly higher in early trading on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking…
(Reuters) -Unilever signalled on Monday it would pursue a deal for GlaxoSmithKline’s consumer health business, calling it a “strong strategic fit” after its 50-billion-pound ($68.4 billion) offer was rejected, sending its shares down 6%. GSK confirmed over the weekend that it had rejected the Dove soap maker’s bid for its consumer healthcare business, which is…
PARIS (Reuters) -French carmaker Renault said its worldwide group sales had fallen for the third year in a row in 2021, due notably to problems over chips supplies. Renault said sales of passenger cars and light vehicles fell 4.5% to 2,696,401 units last year. Sales of the Renault brand were down 5.3% although sales of…
By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. His exit comes less than a year after he was hired…
