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Banking

European shares rise on strong earnings, pharma boost

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File photo Acquire Licensing RightsEuro zone retail sales fall in Sept, as expectedVestas rises after Q3 profit beatUK's Marks & Spencer jumps on HY beatSTOXX 600 up 0.3%Nov 8 (Reuters) - European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while investors assessed a slew of economic data and comments from central bankers for cues on European Central Bank's rate hike path.The pan-European STOXX 600...
Currencies

European shares slip after strong week

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 24, 2023. REUTERS/Staff Acquire Licensing RightsEZ economy starts Q4 on back foot, stoking recession fears - PMITIM shares lose early shine after KKR grid dealEvotec at STOXX 600 bottom after RBC rating downgradePostNL slumps after Q3 miss, EBIT forecast cutSTOXX 600 slips 0.2%Nov 6 (Reuters) - European shares eased on Monday after the benchmark index posted its biggest weekly jump since March, with the real estate sector losing steam, while Ryanair jumped following...
Banking

EU asks Alibaba’s AliExpress for details on measures against illegal products

Shopping trolley is seen in front of AliExpress logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 6 (Reuters) - The European Commission on Monday ordered Alibaba's (9988.HK) AliExpress to provide information on how it tackles illegal products, such as counterfeit goods, sold on its platform by Nov. 27 or face an investigation that could result in fines.The EU executive said it had sent a request for information to AliExpress in line with newly adopted EU rules called the Digital Services Act (DSA), which requires...
Banking

World Bank poised to host climate loss and damage fund, despite concerns

Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
Cryptocurrency

The other crypto bosses in US authorities’ crosshairs

Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry.But he's not the only one in regulators' sights. As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs.Investigations are not necessarily an...
Banking

Real estate stocks lead European shares to biggest weekly gain since March

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsReal estate stocks post strongest week since at least 2008BMW reports higher margin in Q3Outlook comment, buyback review drag MaerskECB hopeful on inflation; cannot close door on hikes -SchnabelSTOXX 600 up 0.2%, adds 3.4% this weekNov 3 (Reuters) - Europe's benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by interest rate-sensitive real estate stocks as signs of an end to monetary...
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