By Huw Jones LONDON (Reuters) -Pan-European stock and derivatives exchange Euronext on Thursday said it would launch a 200 million euro ($219.88 million) share buyback that would not crimp its ability to make acquisitions if need be. Euronext, which operates bourses across the continent including in Paris, Amsterdam and Dublin, said its adjusted earnings per…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday said it settled with Surescripts over a lawsuit accusing the health information technology firm of using illegal methods to maintain monopolies over two parts of the electronic prescriptions market. The settlement will prohibit Surescripts “from engaging in exclusionary conduct and executing or enforcing…
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rose in June, suggesting business spending on equipment could continue to grow after rebounding in the second quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.2% last month, the Commerce Department said on Thursday. Data…
By Kannaki Deka (Reuters) – Harley-Davidson said on Thursday that pre-orders were “exceeding expectations” for a new model the U.S. big-bike maker launched this month in India in partnership with a local manufacturer. Harley and British rival Triumph have unveiled their cheapest models globally in India, the largest motorbike market by sales, to tap into…
By Tom Polansek CHICAGO (Reuters) – U.S. poultry producers say they face prolonged economic pain from avian flu despite going months without infections in flocks, as China and some smaller importers fail to lift trade bans implemented during the nation’s worst-ever outbreak of the virus. The lingering bans, imposed last year to prevent the spread…
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises. The euro has been on a stellar run, up roughly 3.5% against the dollar so far this year…
FRANKFURT (Reuters) – The European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. Thursday’s hike, the ninth in a row, increases the rate that the ECB pays on banks’ deposits…
By Elisa Anzolin MILAN (Reuters) – Italian fashion group Prada posted 20% growth in first half sales on Thursday as a strong performance in Asia and Europe helped to offset a slowdown in its Americas region. The group reported double figure growth from all product categories, with ready-to-wear the strongest part, ahead of footwear and…
(Reuters) -Mobileye Global said on Thursday it expects a smaller operating loss for the full year as resilient demand for the company’s driver-assistance technology helped it report a better-than-expected quarterly revenue. Mobileye, which counts BMW, Nissan and Volkswagen among its customers, benefited from strong demand for its technology in North America and Europe, which helped…
AMSTERDAM (Reuters) – A burning car carrier was drifting off the Dutch coast on Thursday, the coastguard said, a day after the Panamanian-registered ship caught alight, causing the death of an Indian crew member and injuring several others. The 199-metre (653 ft) Fremantle Highway caught fire overnight Tuesday and several of the 23 crew jumped…
