Easing energy costs curb Spanish April price rises but core inflation jumps

Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March's near 40-year high, preliminary data showed on Thursday, although core inflation, which strips out more volatile components, hit its highest since 1995.

newspaper

28-04-2022

European stocks climb on strong earnings reports

European shares extended gains for a second straight session on Thursday, as a slew of forecast-beating earnings reports helped set aside fears around slowing global economic growth.

newspaper

28-04-2022

China to cut coal import tariffs to zero from May 1

China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the Ministry of Finance said in a statement on Thursday.

newspaper

28-04-2022

Unilever hikes prices as costs pressure builds

(Reuters) -Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry's ice cream hiked prices by over 8% to offset higher supply chain and energy costs, more than outweighing a dip in sales volumes.

newspaper

28-04-2022

Nearly one in three ECB bosses is German as France lags

One in three managers at the European Central Bank is German, giving the ECB's host country an ever bigger representation than its size would imply, ECB data showed on Thursday.

newspaper

28-04-2022

Capgemini posts quarterly revenue jump as it competes for workers

Capgemini's employee turnover is still higher than it would like as it competes for workers in a tight labour market, the French IT consulting company said on Thursday after posting strong quarterly revenue driven by its cloud and data activity.

newspaper

28-04-2022

Key currency marks tumble as dollar climbs over 130 yen, euro falls past $1.05

The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of $1.05.

newspaper

28-04-2022

Nokia results beat on 5G demand amid supply chain shortage

STOCKHOLM (Reuters) -Telecom equipment maker Nokia reported stronger-than-expected quarterly results on Thursday, helped by demand for 5G gear despite supply chain constraints and higher prices of components.

newspaper

28-04-2022

Swiss National Bank posts $34 billion loss as bond losses bite

The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments.

newspaper

28-04-2022