ROME, May 3 (Reuters) – Italy’s unemployment rate edged down to 7.8% in March from 7.9% in February, data showed on Wednesday, as some 22,000 jobs were created in the month. The March jobess rate was below the median forecast of 8.0% in a Reuters survey of 11 analysts and was the lowest reading since…
PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to break the food price inflation “spiral” by autumn, which is a major concern for cash-strapped consumers. Le Maire also told Franceinfo radio that economic growth remained solid in France despite…
By Isla Binnie and Ross Kerber (Reuters) – Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales. The bill is one of the furthest-reaching efforts yet by U.S. Republicans against sustainable investing efforts, and…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its…
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Pierre Andurand’s Commodities Discretionary Enhanced Fund ended March down 15% and 34% lower for the year so far, eliminating over half of the fund’s 2022 gains, said a client note from Societe Generale seen by Reuters. March saw a wild ride in commodities prices with crude…
(Reuters) -British luxury carmaker Aston Martin Lagonda on Wednesday reported a narrower quarterly pretax loss and maintained its 2023 outlook, benefiting from the strong sales of its sport utility vehicle DBX and higher selling prices. Aston Martin, whose models were favoured by fictional British spy James Bond, had said in March that it expects profitability…
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March on a revival in demand for mortgage loans. For Metro Bank, which in 2010 became the first lender to be granted a high-street banking licence in Britain in 150 years,…
By Jamie McGeever ORLANDO, Florida (Reuters) – The Fed may well hike U.S. interest rates again on Wednesday but cracks appearing on multiple fronts – jobs, lending, the banking system and debt ceiling – strongly suggest it will be the last of the cycle. Elements of all four have come together this week ahead of…
MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence….
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and slowing growth prospects amid a dearth of meetings on monetary policy decisions. April saw two interest rate hikes across five meetings by central…
