The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending.Markets had on Wednesday fully priced in a quarter-point rate...
Maersk shares jumped more than 10% after the shipping giant posted better-than-expected fourth-quarter results on Thursday, putting shares on course for their best daily performance since 2016. Earnings before interest, depreciation, taxes and amortization (EBITDA) rose 26% to $12.13 billion in the full-year stretch and came in at $3.6...
Sweden's Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs.The automaker, which is majority-owned by China's Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04...
U.S. President Donald Trump this weekend announced hefty tariffs on his country's three biggest trading partners, leaving investors scrambling to position themselves for a global trade war.Canada and Mexico face 25% duties on their exports to the U.S., with a lower 10% levy imposed on Chinese goods. Canada has...
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve.Money markets on Wednesday were pricing in 35 basis points worth...
The march higher in U.K. government bond yields since the launch of the Labour government's debut budget plan in October sparked widespread concern last week, as borrowing costs rose to breach numerous decade highs.The prospect of public spending cuts or further tax rises came into focus as 30-year gilt...
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty ImagesAnnual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday.The preliminary reading...
UK firms are planning to raise prices to cover higher tax payouts as confidence among businesses tumbled to its lowest level since the market-rocking "mini-budget" crisis of fall 2022, according to a survey by the British Chambers of Commerce.The trade group said sentiment had "declined significantly" in its largest poll since the Labour...
The Bank of England pictured in December 2024.Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high.Economists had widely expected a rate...
The columns of Royal Exchange are dressed for Christmas, at Bank in the City of London, the capital's financial district, on 20th November 2024, in London, England.Richard Baker | In Pictures | Getty ImagesLONDON — U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday,...