By Nick Carey LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 times higher than the European Commission’s forecasts, Europe’s car industry group said on Tuesday, citing a new study. The European Automobile Manufacturers Association (ACEA) said a study by consultancy Frontier Economics…
By Doyinsola Oladipo and Philip Blenkinsop NEW YORK/BRUSSELS (Reuters) – As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev from a backlash against Bud Light, rival Heineken is spending $100 million to promote a new light beer to Americans. The Dutch brewer sees Heineken Silver driving fresh momentum into its U.S….
By Joe Cash BEIJING (Reuters) -A majority of British companies are taking a “wait and see approach” on new investments in China amid their pessimism hitting record levels, according to the British Chamber of Commerce in China. Increasingly strained geopolitical relationships, a slowing global economy, growing talk of self-sufficiency, and shifting investor perceptions were the…
By Julien Pretot PARIS (Reuters) – Paris 2024 organisers have been planning to install the Olympic flame on the Eiffel Tower, a source with direct knowledge of the matter told Reuters on Monday. The source added that the flame would not be put at the top of the Eiffel Tower, for technical reasons, and it…
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in April, higher than forecast, official data showed on Tuesday. Core inflation – which excludes private road transport and accommodation costs – rose 5% year-on-year in April whereas a Reuters poll of economists had forecast a 4.7% increase. Lower inflation for electricity,…
By Rae Wee SINGAPORE (Reuters) – The dollar touched a six-month high against the yen on Tuesday as expectations grew that U.S. rates will remain higher for longer and as the debt ceiling impasse kept risk sentiment fragile. Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank…
By Jennifer Rigby DUBLIN (Reuters) – Weight loss drug Wegovy has transformed the obesity market and pharmaceutical companies with existing treatments are hoping the resulting demand will boost demand for their older, less effective but cheaper, drugs. A weekly injection of Wegovy, which was launched in the U.S. in June 2021, leads to an average…
By Lewis Krauskopf NEW YORK (Reuters) – Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about potential market fallout from the standoff over raising the U.S. debt ceiling, even as stocks continue grinding higher. The S&P 500 is up more than 9% this year and stands around its highest point since…
By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection. The industry, which typically only has to comply with anti-money laundering checks, has been calling for…
A look at the day ahead in European and global markets from Tom Westbrook Last month, better-than-expected PMI surveys helped pep markets’ mood and kept stocks levitating near recent highs. This time, economists are expecting another bullish take on the world from supply-chain managers and for services to again make up for lacklustre manufacturing. European…
