• Intesa kicks off Italian bank consolidation with $5.3 billion bid for UBI
    Reuters

    Intesa kicks off Italian bank consolidation with $5.3 billion bid for UBI

    Intesa Sanpaolo kicked off on Monday long-awaited consolidation among Italian banks with a surprise 4.86 billion euro (4.05 billion pounds) takeover bid for smaller rival UBI Banca . Italy's top retail bank said it would offer 1.7 newly issued shares for every UBI share tendered to create a European-sized

  • Reuters - UK Focus

    FOREX-Euro struggles near 3-year low as traders fret about economic slowdown

    The euro struggled near 3-year lows on Monday as investors worried about weakening growth in the region, while Chinese efforts to limit the damage from a coronavirus outbreak appeared to calm markets, with the yuan and Australian dollar supported. Sterling slipped 0.3% to $1.3012, reversing some of

  • Reuters - UK Focus

    FOREX-Euro struggles near 3-year low as traders fret about economic slowdown

    The euro struggled near 3-year lows on Monday as investors worried about weakening growth in the region, while Chinese efforts to limit the damage from a coronavirus outbreak appeared to calm markets, with the yuan and Australian dollar gaining. "For China, our new base case is 3.0% GDP growth

  • Reuters - UK Focus

    FOREX-Euro struggles near 3-year lows on economic worries

    The euro struggled near 3-year lows on Monday as investors worried about weakening growth in the region, while Chinese efforts to limit the damage from a coronavirus outbreak appeared to calm markets, with the yuan and Australian dollar gaining. Monday is light on economic data but traders are looking

  • Reuters - UK Focus

    Euro zone bond yields edge up as China takes more steps to support economy

    Government bond yields in the euro area inched up on Monday as efforts by Chinese authorities to cushion the blow from the coronavirus outbreak supported sentiment in world markets. China on Monday lowered one of its key interest rates and at the weekend said it would roll out targeted and phased tax

  • Euro zone GDP slows as expected in Q4
    Yahoo UK Finance Video

    Euro zone GDP slows as expected in Q4

    Yahoo Finance's Tom Belger has the latest from London.

  • Reuters - UK Focus

    GLOBAL MARKETS-European stocks climb to record on hopes of limited coronavirus economic hit

    Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China's coronavirus outbreak would not be long-lasting. Europe's broad Euro STOXX 600 hit a record high, gaining 0.1% to mirror gains in Asia after a choppy start to the day.

  • Reuters - UK Focus

    FOREX-Euro drops to new low as GDP data confirm weak growth

    The euro fell again to a nearly three-year low on Friday amid worries about slowing growth in the euro zone, as fourth-quarter data confirmed the economy's sluggish performance. Euro zone gross domestic product grew 0.1% quarter-on-quarter in the fourth quarter, in line with forecasts. It was unchanged

  • Reuters - UK Focus

    GLOBAL MARKETS-European shares hit record even as coronavirus shows no signs of peaking

    Stock markets across the world ticked higher on Friday, even as investors debated whether China's coronavirus outbreak would cause long-lasting damage to the global economy. Europe's broad Euro STOXX 600 hit a record high, gaining 0.2% to mirror gains in Asia after a choppy start to the day.

  • Euro zone GDP slows as expected in fourth quarter, but employment beats consensus

    Euro zone GDP slows as expected in fourth quarter, but employment beats consensus

    Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday. The European Union's statistics office Eurostat

  • Reuters - UK Focus

    MORNING BID EUROPE-Virus victim count rises -- and so do global stocks

    China's announcement of more than 5,000 new coronavirus cases and 121 new deaths indicate the epidemic hasn't peaked yet. A pan-European index is in fact opening at record highs, buoyed by … answers on a postcard. The thinking appears to be the virus impact will not last, it’s not spreading

  • Reuters - UK Focus

    FOREX-Euro skids to new low ahead of GDP data, dollar shines

    Concerns about the extent of the coronavirus in China after officials in Hubei announced a sharp increase in new infections and deaths has kept both the safe-haven yen and the dollar well supported. The dollar index., which measures the currency against a basket of rivals, rose to its strongest since

  • Reuters - UK Focus

    CORRECTED-GLOBAL MARKETS-Asian shares aim for second week of gains amid virus scare

    Asian shares inched higher on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. European shares are expected to rise, with pan-European Euro Stoxx 50 futures up 0.21%, German

  • Reuters - UK Focus

    GLOBAL MARKETS-Asian shares tick up, aim for second week of gains amid virus scare

    Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.3%, led by gains in

  • Dollar Pause ‘Just Temporary,’ Says Bullish Rabobank FX Strategist
    Bloomberg UK

    Dollar Pause ‘Just Temporary,’ Says Bullish Rabobank FX Strategist

    Feb.13 -- Christian Lawrence, rates and FX strategist at Rabobank, discusses the dollar pause and explains why he remains bullish on the currency. He speaks with Bloomberg’s Vonnie Quinn on "Bloomberg Markets."

  • Reuters - UK Focus

    FOREX-Yen, Swiss franc gain as China virus cases jump; U.S. data eyed

    The euro fell to a four-and-a-half-year low against the Swiss franc on Thursday and the yen strengthened as investors sought safe havens after China's Hubei province, the epicentre of the coronavirus outbreak, reported a sharp rise in the number of new cases.

  • Reuters - UK Focus

    Further positive data underpins sterling resilience below $1.30

    Sterling strengthened slightly on Thursday as traders unwound short positions after recent economic data which some analysts said justified last month's Bank of England decision not to cut interest rates. Reuters analysts saw the currency pair gaining as other major currencies fell and noted recent

  • Reuters - UK Focus

    Euro zone bond yields falls as coronavirus death toll jumps

    Euro zone government bond yields fell on Thursday, as investors flocked back to safe-haven debt markets after the Chinese province at the epicentre of the coronavirus outbreak reported a record rise in the death toll under a new diagnostic method. World stocks slipped, 10-year U.S. Treasury yields tumbled

  • Reuters - UK Focus

    FOREX-Yen gains, yuan and Aussie down as virus cases and deaths rise

    The yen rose from a three-week low against the dollar on Thursday as investors sought safe havens after China's Hubei province, the epicentre of a coronavirus outbreak, reported a sharp jump in the number of new cases. The Chinese yuan slipped against the dollar as the latest update on the spread

  • Sterling firms, holding above 2-1/2 month lows vs. dollar
    Reuters

    Sterling firms, holding above 2-1/2 month lows vs. dollar

    Sterling was a touch firmer on Wednesday, holding its ground against other major currencies in the absence of any major economic data or news related to trade talks with the European Union. It has gained roughly 0.8% from Monday's 2-1/2-month low hit amid uncertainty over Britain's future trade

  • 'Germany is not safe' despite smaller trade surplus with U.S. - trade experts
    Reuters

    'Germany is not safe' despite smaller trade surplus with U.S. - trade experts

    Germany's trade surplus with the United States narrowed slightly last year, data showed on Wednesday, but that is unlikely to assuage U.S. President Donald Trump who has stepped up his attacks on the European Union over trade. German exports of goods to the United States in 2019 hit an all-time

  • Reuters - UK Focus

    FOREX-Hedge funds spur dollar demand as hopes coronavirus will stabilise grow

    The dollar held near a four-month high on Wednesday on growing hopes the spread of the coronavirus had slowed, encouraging hedge funds to step up purchases of the relatively higher-yielding greenback. Across mainland China 2,015 new cases of coronavirus were confirmed as of Tuesday, the lowest daily

  • French wine and spirits exports hit record in 2019, tougher year looms
    Reuters

    French wine and spirits exports hit record in 2019, tougher year looms

    French wine and spirits exports hit a record in 2019 as exporters booked sales ahead of U.S. tariffs and Brexit but the business faces a tougher year in 2020, industry group FEVS said. Sales abroad of wines and spirits -- France's second-biggest export after the aerospace industry -- rose 5.9% in

  • Reuters - UK Focus

    REFILE-Sterling a tad firmer, holds above 2-1/2 month lows vs dollar

    Sterling was a touch firmer on Wednesday, holding its ground against other major currencies in the absence of any major economic data or news related to trade talks with the European Union. In early Wednesday trade, sterling was up 0.1% at $1.2970 and roughly 0.75% above Monday's 2-1/2-month low

  • Reuters - UK Focus

    FOREX-Dollar near four-month high on hopes virus is stabilising

    The dollar held near a four-month high on Wednesday amid hopes the spread of the coronavirus had slowed, with the New Zealand dollar gaining after the central bank dropped a bias towards lowering interest rates. Across mainland China 2,015 new cases of coronavirus were confirmed as of Tuesday, the

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