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…
(Reuters) – A fuel depot was on fire early on Wednesday near a crucial bridge linking Russia’s mainland with Crimea, a Russian official said, days after Moscow blamed Ukraine for an attack that set fire to an oil depot in Sevastopol. Flames and black smoke billowed over what appeared to be large tanks emblazoned with…
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) – 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,…
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…
By Maggie Fick LONDON (Reuters) – Positive trial data showing Novo Nordisk’s obesity drug helps save and extend lives, not just lose weight, could propel Europe’s best-performing stock even higher, according to 10 investors and industry analysts interviewed by Reuters. Demand for the Danish company’s weight-loss treatment Wegovy is soaring in the United States, leading…
By Richa Naidu and Helen Reid LONDON/BARCELONA (Reuters) – A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries – from pasta to beer to toothpaste – are also finding gaps on the shelves. Top industry executives, consultants and analysts told Reuters…
A look at the day ahead in European and global markets from Ankur Banerjee For the second time this year, Fed Chair Jerome Powell will take the stage in the wake of a bank failure (that’s three in the US for those keeping count: SVB, Signature Bank and First Republic) and as worries over the…
