ASML warning shocks global chip investors - Yahoo Finance
6 days ago · Investors and analysts are reviewing their assessments of computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders. The position of ASML, Europe's most valuable technology company, as an essential supplier to chipmakers is not in question. …
Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget
6 days ago · (Bloomberg) -- Chancellor of the Exchequer Rachel Reeves faces growing Cabinet disquiet over the scale of spending cuts she wants to help raise £40 billion ($52.3 billion) to put Britain’s public finances on a stable footing.Most Read from BloombergHow Mexico City Averted All-Out DroughtInside the ‘Utopias’ of Mexico CityDubai’s Allure to Expats Is Weighing on …
Interest rate cut in November near certain after inflation drops
6 days ago · UK inflation has plummeted to 1.7%, below the Bank of England's (BoE) target for the first time in three years, sending shockwaves through the money markets, which now indicate a 91% probability of a quarter-point interest rate cut at the BoE’s upcoming meeting in early November.. Just before the latest inflation figures came out, traders saw an 80% chance of the …
Ferguson to leave Man Utd ambassador role as club cuts costs
6 days ago · AFP. Tue, 15 Oct 2024, 8:14 pm GMT-4 2-min read. Former Manchester United manager Alex Ferguson (Oli SCARFF) Alex Ferguson is leaving his reported £2 million-a-year ($2.6m) ambassador role with Manchester United at the end of the season as part of a cost-cutting exercise. The former United manager, 82, won 13 Premier League titles and two ...
Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever
4 days ago · Lloyds Banking Group — Reports third-quarter results on Wednesday 23 OctoberThree big UK banks are set to report this week, with Lloyds kicking things off on Wednesday, followed by Barclays on Thursday and NatWest on Friday."The banking sector has shown good performance in the past year, despite the shallow recession in the UK in the …
European Central Bank cuts interest rates for the third time this year
5 days ago · The European Central Bank (ECB) has cut interest rates by 25 basis points. It's the third time this year that the rates have been cut. The move lowers the rate that the ECB pays on banks' deposits to 3.25%, from 3.5%, and is the first back-to-back interest rate cut in 13 years. Money markets are also nearly fully pricing in three further ...
ECB cuts rates as expected, says well on track to tame inflation
5 days ago · The ECB cut its deposit rate by 25 basis points to 3.25% as forecast in a Reuters poll of analysts, in a tacit acknowledgement that inflation, now below 2%, could settle around its 2% target quicker than previously thought. "The incoming information on inflation shows that the disinflationary process is well on track," the ECB said in a statement. "The inflation outlook is …
Frasers Group backs N Brown takeover as Mulberry pursuit …
4 days ago · Mike Ashley’s Frasers Group has backed a takeover deal for Simply Be owner N Brown, as it also told shareholders it will continue efforts to strike a deal to buy luxury brand Mulberry. Frasers Group, which runs Sports Direct and Flannels, currently owns 20.3% stake in London-listed N Brown. On Thursday, the group, which also owns JD Williams ...
Chinese robotaxi firm Pony AI files for US IPO - Yahoo Finance
5 days ago · Chinese robotaxi firm Pony AI files for US IPO. Logo of the autonomous driving technology startup Pony.ai is seen on a screen, in Beijing · Reuters. Reuters. Thu, 17 Oct 2024, 11:19 am GMT-7.
BHP first-quarter iron ore output rises 3% - Yahoo Finance
6 days ago · The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 71.6 million tonnes (Mt) in the three months to Sept. 30, beating a Visible Alpha consensus estimate of 70.7 Mt compiled by Macquarie. The global miner recorded Western Australia iron ore output of 69.4 Mt in the same quarter of last year.