By Manya Saini and Arasu Kannagi Basil (Reuters) -Swedish fintech company Klarna on Friday reported a 24% surge in 2024 revenue, as the buy now, pay later pioneer made public its paperwork for a long-awaited stock market debut in the U.S. Fintech listings soared in 2021 but lost momentum due to rising interest rates and …
Sweden’s Klarna discloses 24% revenue surge in much-awaited U.S. IPO filing Read More »
(Reuters) -U.S. chipmaker Intel’s new CEO Lip-Bu Tan will receive a salary of $1 million and be eligible for an annual cash bonus of up to $2 million, the company said in a regulatory filing on Friday. The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition …
Intel’s new CEO to receive $1 million as base salary Read More »
(Reuters) – Global ratings agency Moody’s upgraded Greece’s rating to “Baa3” from “Ba1” on Friday, citing quicker-than-expected improvement in public finances and the country’s greater resilience to potential future shocks. “Based on the government’s policy stance, institutional improvements that are bearing fruit, and a stable political environment, we expect Greece to continue to run substantial …
Moody’s upgrades Greece to investment grade on strong fiscal recovery and stability Read More »
By Christoph Steitz, Balazs Koranyi and David Lawder FRANKFURT/WASHINGTON (Reuters) -German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while European officials warned the U.S. economy would be the biggest loser if President Donald Trump pursues an “idiotic” trade war. BMW is directly in the …
BMW sees earnings hit from US tariffs as EU warns against escalation Read More »
FRANKFURT (Reuters) – Thyssenkrupp is moving ahead with a planned spin-off of a minority stake in its warship division, the group said on Friday, adding the newly created holding would be listed on the Frankfurt stock exchange. The company also said that talks with the German government about potential participation in its marine division, Thyssenkrupp …
Thyssenkrupp ploughs ahead with spin-off of warship division Read More »
HOUSTON (Reuters) – (This March 13 story has been corrected after Devon Energy amended data to say that it saw a 15% improvement in drilling efficiency, not a 25% improvement in productive life of its oil and gas wells, in paragraph 12, and to remove garble from headline) Artificial intelligence is speeding up oil and …
AI leading to faster, cheaper oil production, executives say Read More »
By Polina Devitt LONDON (Reuters) – Investors seeking shelter from political and economic volatility triggered by the new U.S. administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market’s record rally. Since U.S. President Donald Trump took office in January, his radical policy shift, including trade tariffs, comments he aims to annex …
Trump-driven turbulence draws new investors into gold Read More »
BRUSSELS (Reuters) – The European Union and the United States have a lot of work to do before they can ease trade tensions, EU trade chief Maros Sefcovic said on Friday after talks with his American counterparts. “Important exchange with U.S. Secretary Howard Lutnick and ambassador Jamieson Greer – a key part of better understanding …
EU and U.S. have much work to do on trade tensions, EU trade chief says Read More »
(Reuters) – British stocks closed higher on Friday, driven by gains in defence and mining shares, ending a choppy week filled with uncertainty around U.S. tariffs. The benchmark FTSE 100 gained 1.1%, set for its best day in over one month. However, it fell on the week, pressured by U.S. President Donald Trump’s back and …
Mining, defence stocks lift FTSE 100 at end of volatile week Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European stocks rallied on Friday, with German equities leading gains after the country’s political parties agreed a historic deal to ramp up state borrowing. The pan-continental STOXX 600 climbed 1.1%. Germany’s benchmark index gained 1.9%, while mid-caps advanced 2.4%. Small-caps climbed 3.3%. Conservative chancellor-in-waiting Friedrich Merz said he …
German stocks lead European gains after Merz secures support for historic debt reform Read More »
