Norway’s December core inflation lower than expected
OSLO (Reuters) – Norway’s core inflation rate eased more than expected in December, Statistics Norway (SSB) data showed on Friday, supporting forecasts that interest rates will begin to decline this year. Core inflation, which strips out changing energy prices and…
Analysis-China central bank is moving faster towards its policy limits
By Kevin Yao BEIJING (Reuters) – China’s central bank is expected to deploy its most aggressive monetary tactics in a decade this year as it tries to stimulate the economy and soften the blow of impending U.S. tariff hikes, but…
Prada among suitors looking at Versace, newspaper reports
MILAN (Reuters) -Italy’s Prada (OTC:PRDSY) is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings (NYSE:CPRI) has put up for sale, daily Il Sole 24 ore reported on Friday. In November Coach-owner Tapestry (NYSE:TPR) dropped a…
Edison denies LA wildfire involvement as insurers ask it to preserve evidence
(Reuters) – Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton (NYSE:ETN) Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s…
Japan stocks lower at close of trade; Nikkei 225 down 1.04%
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Power and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.04%. The best performers of the session on…
Holcim names Chairman Jenisch as CEO and chairman of North American spin-off
By John Revill ZURICH (Reuters) – Holcim (SIX:HOLN) has named its chairman and former chief executive Jan Jenisch as chairman and CEO of its North American company following its multi-billion dollar spin-off, the Swiss building materials maker said on Friday….