"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them to refocus on the likelihood of an early Fed rate cut," Rabobank analyst Jane Foley told AFP.

The company said orders nearly doubled in mobility division.

The deal gives Novartis access to new blood cancer treatment.

Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central banks prepare a series of interest-rate cuts as inflation cools. Oil prices rallied 2.5 percent on supply concerns after Iran dispatched a warship to the Red Sea in response to...

Frankfurt, Germany - The postponement of a Palestinian author's award ceremony at the Frankfurt Book Fair due to the Israel-Hamas conflict triggered condemnation Monday from high-profile authors, while several Arab publishing groups withdrew.The annual fair is the world's biggest publishing trade event, bringing together thousands of book industry players and authors.After...

The group expects full-year net loss of around $4.94bn.

Commercial launch of self-driving vehicles is planned for 2026.

FRANKFURT, GERMANY -  Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought.The group scrapped its full-year profit target and said it was setting aside more than US$1.1 billion (1 billion euros) over the coming years to...

The hike was the highest since 2001, despite a darkening economic outlook. The ECB increased rates by another 25 basis points, taking the closely watched deposit rate to 3.50 percent -- its highest level since 2001. "Inflation has been coming down but is projected to remain too high for too...

European Central Bank president Christine Lagarde said that a closely watched measure of eurozone inflation does not appear to have peaked yet, fueling expectations of further interest rate hikes. She told a hearing of the European parliament that the latest data suggests "indicators of underlying inflationary pressures remain high.

Firm said the profit was driven by higher prices for policies.

The firm says sales declined in Europe and China.

FRANKFURT, GERMANY -  Eurozone banks tightened lending criteria in the first quarter at their fastest pace since the 2011 sovereign debt crisis, while demand for loans fell heavily, according to a European Central Bank survey released Tuesday.The results highlight the impact of aggressive monetary tightening combined with recent banking sector turmoil,...

FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the European Central Bank's chief economist said Wednesday.The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening to bring soaring consumer...

LSG Group is to be sold to private equity group Aurelius.

FRANKFURT, GERMANY -  The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse."The European banking sector is resilient, with robust levels of capital and liquidity," the ECB said in...

Firm booked profit despite supply chain disruptions.

FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high."At this point in time, it's possible that we continue on that path," Lagarde told Spain's Antena 3 television...

The setback comes despite a record 4.7 percent drop in energy consumption last year, partly in response to soaring fuel prices because of the war in Ukraine. But the energy saving gains were wiped out by the government's decision to burn more coal and oil to make up for the...

Upon the approval of the European Commission, the Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout for Uniper.

Firm posts FY 2021-22 net profits of around US$4.6 billion.

Profit was due to high demand for pricier luxury models.

Global stock markets slid Friday after the Federal Reserve warned of an aggressive tightening of monetary policy to tame runaway inflation. Wall Street was also glum shortly after the opening bell as the Dow sank 0.9 percent while the S&P index and the tech-rich Nasdaq were showing smaller losses.

Global stock markets wavered Friday as dealers awaited vital US jobs data and mulled the Federal Reserve's readiness to hike interest rates aggressively. London stocks edged higher in late morning deals, while Frankfurt nudged lower and Paris was flat nearing midday in the eurozone. The dollar was under pressure before...

Experts caution against too much optimism around early indications that Omicron causes less severe disease than previous strains, pointing out that it is spreading so fast it could still overwhelm health systems.