Euro zone core inflation stubborn but ECB policy starting to work: Knot
FRANKFURT (Reuters) – Underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is…
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GSK’s cancer drug Jemperli gets file acceptance from US FDA
(Reuters) – GSK said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer…
Hungary’s easing inflation may lead to single-digit rates by 2024 – minister
BUDAPEST (Reuters) – Hungary’s inflation will slow to single digit by end-2023 from 24% in April, allowing the central bank…
AB Foods to boost agri-food unit with $60 million bolt-on
LONDON (Reuters) -Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy…
German industrial orders fall unexpectedly in April
(Reuters) -German industrial orders fell unexpectedly in April, dragged down by large-scale orders, data from the federal statistics office showed…
Zara owner Inditex faces margin test
By Corina Pons and Helen Reid MADRID (Reuters) – Investors will closely watch Zara owner Inditex’s profit margins for any…
BlackRock’s China head Tang leaving the company
By Selena Li HONG KONG (Reuters) – BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager,…
Spend the recession away? Not the thrifty Germans
By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell…
China’s property shares surge as investors bet on stimulus hopes
By Clare Jim and Liangping Gao HONG KONG (Reuters) -China property stocks listed in Hong Kong jumped as much as…
Panasonic to boost battery output at Tesla’s Nevada Gigafactory by 10%
(Reuters) – Panasonic Holdings plans to expand production of electric vehicle batteries at a factory in Nevada jointly operated with…