Germany
German Chancellor Olaf Scholz fires Finance Minister Christian Lindner, leaving ruling coalition in disarray
German Chancellor Olaf Scholz and Finance Minister Christian Lindner in the Bundestag on June 26, 2024 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Chancellor Olaf Scholz announced Wednesday he had dismissed Finance Minister Christian Lindner, possibly bringing an end to Germany’s ruling coalition after months of political wrangling. The three-year-old […]
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European stocks head for lower open as global markets focus on U.S. vote count
Novo Nordisk quarterly profit meets expectations Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance. The Danish pharmaceutical giant said that its […]
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European markets little changed as traders focus on U.S. Election Day; Schroders falls 11%
Schroders shares tumble 13% after third-quarter trading update Shares of Schroders tumbled by more than 13% soon after markets opened on Tuesday, hitting levels last seen in March 2020, according to LSEG data. Schroders on Tuesday reported quarterly net outflows of client funds worth £2.3 billion ($2.99 billion). The company attributed this to market volatility […]
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Germany’s government is on the brink of collapse — here’s what could happen now
German Finance Minister Christian Lindner, Economy and Climate Action Minister Robert Habeck and Chancellor Olaf Scholz attend debates about the 2024 federal budget at the Bundestag on January 31, 2024 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s ruling coalition has long been on shaky ground, amid increasing divisions over […]
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European leaders breathe a sigh of relief as pro-EU candidate wins Moldova election
Moldova’s President Maia Sandu in 2020 in central Chisinau. Bogdan Tudor | Afp | Getty Images European leaders congratulated pro-Western incumbent Maia Sandu on winning a runoff vote in Moldova’s presidential election over the weekend, with the result seen as further step on the former Soviet republic’s road to integration with the bloc. The second […]
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European markets set for lackluster open as traders continue to focus on earnings
Novartis sales rise 10% in third quarter, raises guidance Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Novartis reported 10% sales growth and 20% core operating income growth in its third-quarter results Tuesday, prompting the Swiss pharmaceutical […]
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European markets rise as trading begins; Philips shares tumble more than 12%
European markets rise as trading kicks off European markets were higher as trading began on Monday, with the pan-European Stoxx 600 last adding 0.24% at 8:15 a.m. London time. Travel and leisure stocks were up around 1.1%, while oil and gas stocks lost 1.7%. Regional bourses were also mostly higher with France’s CAC 40 adding […]
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European stocks set to slip at open; Mercedes car earnings plummet
European markets: Here are the opening calls European markets are seen opening mixed on Friday, according to IG data. Germany’s DAX is set to open 33 points lower at 19,416, with France’s CAC 40 down 11 points at 7,497. The U.K.’s FTSE 100 is seen heading for a cautiously brighter start, up 5 points at […]
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European markets move higher; Renault shares up 6% after quarterly revenue jump
European stocks were slightly higher on Thursday, as investors reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment. The pan-European Stoxx 600 was up 0.53% by 10:05 a.m. London time, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 2.85% while […]
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European stocks close lower as traders focus on earnings and bond yields
Canada’s central bank cuts interest rates by 50 basis points Canada’s central bank on Wednesday took a big step in easing monetary policy by cutting its key benchmark rate by 50 basis points to 3.75%. The Bank of Canada said it expects the global economy to expand at a rate of about 3% over the […]
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