Analysis-Euro’s stellar run in doubt as ECB muddies rate outlook
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Euro bulls are set for an anxious summer ahead as doubts…
2023
ECB raises key rate to historic high, keeps options open
FRANKFURT (Reuters) – The European Central Bank raised its deposit rate to a historic high on Thursday and kept its…
Asia, Europe power Prada’s sales, offset Americas slowdown
By Elisa Anzolin MILAN (Reuters) – Italian fashion group Prada posted 20% growth in first half sales on Thursday as…
Mobileye lowers annual operating loss outlook after quarterly revenue beat
(Reuters) -Mobileye Global said on Thursday it expects a smaller operating loss for the full year as resilient demand for…
Car carrier still burning off Dutch coast as hunt for cause begins
AMSTERDAM (Reuters) – A burning car carrier was drifting off the Dutch coast on Thursday, the coastguard said, a day…
Royal Caribbean cruises to three-year high on record revenue, strong outlook
By Granth Vanaik and Doyinsola Oladipo (Reuters) – Cruise giant Royal Caribbean raised its full-year profit forecast on Thursday after…
Netflix reworks Microsoft pact, lowers ad prices – WSJ
(Reuters) -Netflix is restructuring its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan and is also cutting ad…
Labcorp cuts 2023 profit forecast after clinical development unit spin-off
By Mariam Sunny (Reuters) -Laboratory Corp of America Holdings cut its annual profit forecast on Thursday following the spin off…
New building starts nosedive in Germany in latest sign of property stress
By Tom Sims, John O’Donnell and Emma-Victoria Farr FRANKFURT (Reuters) – New construction plunged in Germany during the first half…
ECB debated raising banks’ mandatory reserves in inflation fight – sources
FRANKFURT (Reuters) – European Central Bank policymakers debated raising banks’ mandatory reserves to 2% from 1% of their deposits at…