By Andy Bruce LONDON (Reuters) -Britain’s government borrowed less than predicted in the financial year that ended in March, according to data on Tuesday which showed finance minister Jeremy Hunt may be able to adopt a less austere stance ahead of the next general election. The Office for National Statistics (ONS) reported borrowing of 139.2…
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year guidance for sales and profit on Tuesday, dispelling some of the recent gloom which has gathered around the industrial sector. The Swiss maker of factory robots and chargers for electric vehicles said it had seen a strong start to the year as it reported first-quarter…
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
By Jonathan Stempel NEW YORK (Reuters) -A former JPMorgan Chase & Co executive who befriended Jeffrey Epstein urged a U.S. judge to throw out the bank’s lawsuit against him, accusing JPMorgan of deflecting blame for its own failures in working with the late sex offender. In a Monday night filing in Manhattan federal court, Jes…
(Reuters) – North Dakota Governor Doug Burgum on Monday signed into law a bill that would ban most abortions, creating an exception for rape and incest victims but only during the first six weeks of pregnancy. The law, which makes it a felony for a doctor to perform an abortion, provides other exceptions including to…
By Mehnaz Yasmin and Nupur Anand (Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. The deposit slump overshadowed profits that beat expectations for…
TAIPEI (Reuters) -Guatemalan President Alejandro Giammattei pledged his unconditional support on Tuesday for the “Republic of Taiwan” on a trip that comes as China steps up pressure on the handful of countries that still maintain formal ties with the island. Guatemala is one of only 13 countries with official diplomatic ties with China-claimed Taiwan. Honduras…
(Reuters) -Sentiment among German exporters has rebounded to the highest point seen since the outbreak of war in Ukraine last year, according to a survey by the Ifo economic institute released on Tuesday. The institute’s export expectations indicator rose to 6.9 points in April, its highest level since February 2022 and up from 4.1 in…
LONDON (Reuters) – First-quarter job opportunities in London’s financial sector plunged by almost a third year-on-year, recruiter Morgan McKinley said on Tuesday, as firms struggle with economic and geopolitical headwinds. The collapse of U.S. lender Silicon Valley Bank and the rescue takeover of Credit Suisse by UBS last month has put thousands of UK-based finance…
By Nick Carey LONDON (Reuters) -Chile’s move to nationalise its lithium industry adds fresh supply chain uncertainty for global carmakers facing a shortage of electric vehicle (EV) battery materials and could provide fresh urgency to find new sources of the metal. Chilean President Gabriel Boric announced plans last Thursday to create a new state-owned company…
