Germany
European markets head for higher open as traders focus on data, earnings
Thyssenkrupp books $1 billion impairment on struggling steel unit A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the […]
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Former French president calls for a united Europe after Trump election win
French President Francois Hollande delivers a speech as he attends the inauguration of the new ‘Sud Europe Atlantique’ (South Europe Atlantic) high-speed rail line, linking Tours and Bordeaux, on February 28, 2017, in Villognon, central France. Yohan Bonnet | AFP | Getty Images Former French President François Hollande underlined the importance of Europe sticking together in […]
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Smart ring leader Oura plans international push as CEO touts new features and thinking on hardware
The Oura Ring 4 Courtesy: Oura LISBON — Samsung’s foray into smart rings isn’t concerning the boss of the product category’s pioneer, Oura — in fact, Tom Hale says he’s seeing a boost in business. “I’m sure that a major tech company making an announcement saying: ‘Hey, this is a category that matters. It’s going to be […]
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European markets head for mixed open as traders assess Fed’s rate cut path after downbeat inflation data
European markets were heading for a mixed open on Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts. The U.K.’s FTSE 100 index is expected to open 24 points higher at 8,041, Germany’s DAX 1 point higher at 18,975, France’s CAC up 12 points at 7,223 and Italy’s […]
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Europe markets decline with U.S. inflation data in focus; Just Eat Takeaway, Siemens Energy soar
European stocks traded slightly lower Wednesday, with global markets focused on upcoming U.S. inflation data. The pan-European Stoxx 600 index was down 0.1% in early deals, with the majority of sectors in negative territory. Shares of Just Eat Takeaway stock soared 20% shortly after the open Wednesday after the company said it had struck a deal to […]
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European markets fall as mining stocks slide; Bayer shares at 20-year lows; Mediobanca down 8%
Infineon sees revenue decline in next fiscal year Semiconductor company Infineon on Tuesday said it was expecting its revenue in its 2025 fiscal year to be slightly lower than that recorded in its 2024 fiscal year, which ended on Sept. 30. The company reported that its revenue in the fiscal year 2024 came in at […]
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Germany sets early election date for February after collapse of the ruling coalition
German Chancellor Olaf Scholz attends a session of the Bundestag in which new Finance Minister Joerg Kukies was sworn in the day after Scholz fired previous Finance Minister Christian Lindner on November 7, 2024 in Berlin, Germany. Sean Gallup | Getty Images Germany is set to hold a federal election in February, earlier than Chancellor […]
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Europe markets rally to start the week on a positive note; auto supplier Continental up 7%
There are no winners if Trump imposes universal tariffs, Citi strategist says President-elect Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov. 6, 2024. Jim Watson | AFP | Getty Images Donald Trump’s pledge to impose universal tariffs on all imports into […]
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Germany appoints new finance minister as pressure for quick snap elections mounts
Olaf Scholz, Germany’s chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Islam Safwat | Bloomberg | Getty Images Jörg Kukies was appointed as Germany’s new finance minister on Thursday, as pressure mounts on Chancellor Olaf […]
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European markets trade higher as Trump win settles in; Fed, BoE decisions in focus
Climate change prevention is critical for insurers, CFO says Climate change prevention is becoming far more significant for insurance companies as they face rising losses from destructive weather events, such as hurricanes and floods. Zurich Insurance Group’s Chief Financial Officer Claudia Cordioli told CNBC that the insurer had seen “very severe cat [catastrophe] and weather […]
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