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1 month ago | 
gurutrade.com | Gertrude Chavez-Dreyfuss |Mark Potter |Susan Fenton
US nonfarm payrolls rise by 177,000 in March
Report does not reflect fallout from tariffs -analyst
US rate futures reduce bets on June cut
NEW YORK, May 2 (Reuters) - The U.S. dollar was down on Friday but trimmed some losses against the euro and yen after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor market that remained on stable footing.
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1 month ago | 
gurutrade.com | Mark Potter |Kate Mayberry
Retail sales fall for 13th consecutive month
March tourist arrivals up 12.2% y/y vs Feb's 8.3% drop
March jewellery sales down 3.9% vs Feb's 13.5% drop
Changing consumption patterns among the challenges - government
HONG KONG, May 2 (Reuters) - Hong Kong's retail sales fell 3.5% by value in March from a year earlier, marking the 13th consecutive month of declines, government data showed on Friday.
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2 months ago | 
gurutrade.com | Victoria Waldersee |Sonia Cheema |Mark Potter |Susan Fenton
BMW 2024 net profit down 36.9% at 7.68 billion euros
Autos earnings margin for 2025 expected at 5-7%
Carmaker in firing line of escalating U.S., EU trade war
Forecast takes tariffs imposed by March 12 into account
BERLIN, March 14 (Reuters) - BMW expects trade tariffs to cost the carmaker 1 billion euros ($1.09 billion) this year, its CEO said on Friday, factoring in EU duties on its China-made EV and newly imposed U.S. tariffs which are upending global trade.
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Jan 8, 2025 | 
gurutrade.com | Mark Potter |Peter Graff
Jan 8 (Reuters) - Sterling slid for a second day on Wednesday against a generally firmer U.S. dollar, despite British long-term borrowing costs sitting at around their highest since 1998.
Solid U.S. data on Tuesday confirmed investors' view that U.S. interest rates will stay higher for longer, pushing up Treasury yields and boosting the dollar against most major currencies.
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Nov 26, 2024 | 
gurutrade.com | Andy Bruce |Mark Potter
LONDON, Nov 26 (Reuters) - British retailers' optimism has fallen to a two-year low following finance minister Rachel Reeves' first budget as they brace for higher employment costs and soft consumer demand, the Confederation of British Industry said.
Reeves announced a 25 billion pound ($31 billion) increase in employment taxes in her Oct. 30 budget and a 7% rise in the minimum wage, both of which will particularly hurt retailers with low margins and large numbers of staff.
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Nov 6, 2024 | 
gurutrade.com | Mark Potter
FRANKFURT, Nov 6 (Reuters) - Europe should go ahead and implement new regulation for banks known as Basel III, which aims to make lenders more resilient to possible economic shocks, Claudia Buch, the European Central Bank's top supervisor, said on Wednesday.
"The Basel framework needs to remain the cornerstone of internationally agreed rules," Buch said in a speech.
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Nov 5, 2024 | 
gurutrade.com | Jacob Gronholt-Pedersen |Louise Breusch Rasmussen |Mark Potter
Orsted flags higher costs at US offshore wind project
Harris supports offshore wind; Trump has vowed to scrap projects
Orsted's Q3 operating profit fell 14%
COPENHAGEN, Nov 5 (Reuters) - Demand for green power in the United States will grow regardless of who ends up in the White House, renewable energy group Orsted said on Tuesday, even as it flagged construction problems and higher costs at a large U.S. offshore wind project.
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Sep 11, 2024 | 
gurutrade.com | James Davey |Sarah Young |Mark Potter
Boohoo to cease operations at Pennsylvania centre by Nov. 11
Boohoo had previously called site 'complete gamechanger'
Will return to fulfilling US orders direct from UK
To take writedown
Shares down 2%
LONDON, Sept 11 (Reuters) - Online fashion retailer Boohoo said on Wednesday it would stop supplying U.S. customers from a site in Pennsylvania and return to fulfilling orders from Britain, in a strategy reversal it said would lead to an unquantified writedown.
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Aug 29, 2024 | 
gurutrade.com | Stefano Rebaudo |Mark Potter
Aug 29 (Reuters) - Sterling hit a one-month high versus the euro after inflation data from Germany and Spain led investors to increase their bets on European Central Bank interest rate cuts.
Inflation fell in six important German states in August due to lower energy prices, and dropped to its slowest pace in a year in Spain.
The pound was up 0.25% to 84.05 pence per euro, after hitting 84.00, its strongest since July 25.
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Aug 8, 2024 | 
gurutrade.com | David Goodman |Mark Potter
MOSCOW, Aug 8 (Reuters) - Russia's dominant lender Sberbank on Thursday reported second-quarter profit of 418.7 billion roubles ($4.88 billion), up 10.1% from the same period last year, boosted by a growing loan portfolio.
The state-controlled bank made a record 1.5 trillion rouble profit in 2023, a more than fivefold increase on the previous year, as Russia's banking sector recovered from the impact of financial sanctions over the country's actions in Ukraine.
