By Robert Harvey and Ashitha Shivaprasad (Reuters) -Global commodity trading house Gunvor said on Tuesday its earnings fell in 2024 as energy markets normalised from the extreme conditions that enabled trading houses to make record earnings in previous years. Gunvor’s net profits after tax reached $729 million in 2024, down from $1.25 billion the previous …
Commodity trader Gunvor’s net profit fell 42% in 2024 Read More »
MILAN (Reuters) – U.S. fund KKR, the main shareholder in Italian fibre optic grid operator FiberCop, is analysing a possible tie-up with Italy’s Open Fiber as part of a broader government plan to create a single broadband network, KKR Partner Alberto Signori said at conference in Milan on Tuesday. WHY IT’S IMPORTANT Under the terms …
KKR partner says fund is analysing FiberCop-Open Fiber tie-up Read More »
PARIS (Reuters) – Boeing on Tuesday denied a media report of fluctuations in 737 MAX production, saying that output had not reached 38 per month so far this year and nor had production recently fallen. Industry publication The Air Current reported earlier that the widely watched production level for Boeing’s best-selling jet had reached 38 …
Boeing denies fluctuations in 737 MAX jet production Read More »
HAMBURG (Reuters) -Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany with surcharges added to the usual freight rates, commodity traders said on Tuesday. Low water is hampering shipping on all of the river south of Duisburg and Cologne, including the chokepoint of …
Low water hampers Rhine river shipping in Germany Read More »
AMSTERDAM (Reuters) – Tesla’s sales in the Netherlands almost halved in the first quarter of 2025 from the year earlier period, data showed on Tuesday. A total of 3,443 new Teslas were registered in the Netherlands in the January-March period, down from 6,842 in the first three months of 2024. (Reporting by Bart Meijer; Editing …
Tesla sales in Netherlands fall almost 50% in Q1 Read More »
PARIS (Reuters) – French supermarket group Carrefour announced on Tuesday the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France. Carrefour also plans to open 400 of its own convenience stores this year, compared with the 250 initially planned, the company added in a statement. (Reporting by Gianluca Lo …
Carrefour acquires convenience retailer Magne, to open more stores this year Read More »
LONDON (Reuters) -Britain handed Italian defence company Leonardo a 165 million pound ($213 million) contract extension on Tuesday to maintain the Royal Navy’s fleet of 54 Merlin helicopters, a deal which it said would help support 1,000 jobs across the country. Britain, which plans to boost defence spending to 2.5% of economic output by 2027, …
UK signs $213 million helicopter maintenance deal with Leonardo Read More »
ZURICH (Reuters) -Swiss financial market watchdog FINMA has revamped its organisational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up regulation of the banking sector since UBS bought Credit Suisse in an emergency takeover in 2023 …
Swiss market regulator FINMA restructures, deputy CEO to step down Read More »
WARSAW (Reuters) – The presidential candidate supported by Poland’s largest opposition party, Law and Justice (PiS), has joined other election hopefuls in urging the central bank to cut interest rates, partly to bring down borrowing costs for consumers. “Poles must finally get lower loan instalments. That is why I am calling on the Monetary Policy …
Polish opposition presidential candidate Nawrocki calls for rate cut Read More »
By Marie Mannes and Nick Carey STOCKHOLM/LONDON (Reuters) -Volvo Car’s abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump’s tariff turbulence and a wobbly transition to electric cars, analysts and investors said. Samuelsson, who led the Swedish automaker …
Volvo goes back to car industry basics with surprise CEO switch Read More »
