Business
Euro zone consumers lower inflation expectations again, ECB survey shows
FRANKFURT (Reuters) - Euro zone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank's 2% target further out, the ECB's Consumer Expectations Survey ...
Huawei's smart car tech offers automakers route to China sales
BEIJING (Reuters) - It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the ...
Take Five: Fed straight ahead
(Reuters) - A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming ...
Thoma Bravo to buy UK's Darktrace for about $5.32 billion
(Reuters) - Private equity firm Thoma Bravo has agreed to buy British cybersecurity firm Darktrace for about $5.32 billion in cash, the companies said on Friday. The agreed price of $7.75, or around 620 pence per share represents a 44% premium to ...
Russia's Sberbank reports profit rise to $4.3 billion in Q1
MOSCOW (Reuters) - Russia's dominant lender Sberbank on Friday reported a first-quarter net profit of 397.4 billion roubles ($4.32 billion), up 11.3% from a year earlier. Sberbank made record profits of 1.5 trillion roubles in 2023, a more than ...
Pakistan's economic indicators are positive, says PM
ISLAMABAD (Reuters) - Pakistan's economic indicators are showing positive signs, with an agenda of painful reforms and privatization on track, Prime Minister Shehbaz Sharif said on Friday, ahead of an IMF board meeting to decide on a $1.1 billion ...
Italy sets conditions for Vitol's takeover of Saras
ROME (Reuters) - Italy's government has given a conditional green light to Vitol's plan to take over oil refiner Saras, the global commodity trader said in a statement on Friday. Saras's controlling shareholder - the Moratti family - said in ...
Exclusive-Country Garden plans to present debt revamp plan in second half, sources say
By Clare Jim and Xie Yu HONG KONG (Reuters) - Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to ...
BOJ Governor Ueda's comments at news conference
(Reuters) - The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2% in coming years, signalling its readiness to hike borrowing costs later this year. The ...
Japan factory output likely rebounded in March, while retail sales held firm: Reuters poll
TOKYO (Reuters) - Japan's factory output likely staged a strong rebound in March from the previous month's decline, with retail sales probably holding firm on booming inbound tourism and easing worry about weak domestic consumption, a Reuters' ...