LONDON (Reuters) – Britain’s government will not “put a number on” how much risk of consumer harm it is willing to accept in return for requiring regulators to cut costly red tape and help spark economic growth, its new financial services minister said. Prime Minister Keir Starmer’s government, in step with a global trend, blames …
UK City minister declines to quantify regulatory risks in growth push Read More »
By Anuja Bharat Mistry (Reuters) -Capri Holdings forecast revenue for this financial year and 2026 below Wall Street estimates on Wednesday, as the Michael Kors owner looks to rebuild its business amid slowing luxury demand, especially in Asia and the Americas. Shares fell about 14% in early trading as the company also missed third-quarter profit …
Michael Kors-owner Capri’s bleak forecast signals slow luxury demand recovery Read More »
By Pratima Desai LONDON (Reuters) – Two financial industry groups have raised concerns with the London Metal Exchange (LME) about its plans to require private deals between members and clients to be carried out on its own platform, five sources with knowledge of the matter said. The LME wants its members to transact so-called over-the-counter …
Financial industry groups raise concern on LME’s OTC trade plans, sources say Read More »
SAO PAULO (Reuters) -Santander Brasil on Wednesday reported a 75% jump in fourth-quarter net profit, sending its shares higher as it surpassed market expectations on the back of stronger margins and increased fees. The lender, a unit of Spain’s Banco Santander, said net profit totaled 3.85 billion reais ($668.62 million) in the October-December quarter, above …
Santander Brasil shares up as Q4 net profit beats forecasts Read More »
FRANKFURT (Reuters) – Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk. German road traffic agency KBA’s website on Wednesday showed the number of newly registered Tesla cars …
DUBLIN (Reuters) – Ireland on Wednesday said it was setting up an advisory panel of senior U.S.-based businesspeople as it braces for possible tax or tariff measures from the administration of U.S. President Donald Trump. Ireland’s low-tax business model is uniquely exposed to any tariff or tax policy changes from the United States and its …
Ireland to tap senior U.S.-based businesspeople for advice amid Trump threats Read More »
By Toby Sterling AMSTERDAM – European data centres will expand capacity by 22% this year and yet struggle to meet demand, raising the risk Europe will be left be further behind in the race for artificial intelligence (AI), industry analysts told a conference on Wednesday. China’s DeepSeek delivered a shock to markets last week by …
European data centre space shortage expected in 2025 as AI booms Read More »
By America Hernandez PARIS (Reuters) -French oil major TotalEnergies beat expectations for fourth-quarter earnings on Wednesday as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand. Adjusted net income for the final three months of 2024 was $4.4 billion, down 15% from …
TotalEnergies beats expectations for fourth-quarter profit, signals stronger 2025 Read More »
By Elviira Luoma (Reuters) – Sweden’s Assa Abloy plans to raise its prices if U.S. President Donald Trump moves ahead with the tariffs on Canada and Mexico, the CEO of the world’s biggest lockmaker said on Wednesday. Trump on Monday paused his threat of 25% tariffs on Mexico and Canada for 30 days, while his …
Assa Abloy to hike prices if US implements tariffs on Canada and Mexico, CEO says Read More »
By Nathan Vifflin (Reuters) – Melexis, Belgium’s largest semiconductor supplier, on Wednesday forecast lower margin and sales for the first half of 2025, sending its shares to nearly five-year lows, as inventory corrections by automotive clients continue into the new year. Melexis, whose automotive semiconductor business made up 90% of its total sales in 2024, …
Melexis forecasts lower sales and margin for 1st half of 2025, shares slump Read More »
