MILAN (Reuters) – UniCredit on Sunday disclosed a 4.1% stake in Generali, a move that the bank said had no strategic intentions but which increases CEO Andrea Orcel’s bargaining power in the game of chess taking place in Italian finance. UniCredit said it had acquired 4.1% of Italy’s biggest insurer by buying shares on the …
UniCredit discloses 4.1% Generali holding, denies any strategic interest Read More »
AMSTERDAM – Klaas Knot, a member of the European Central Bank’s governing council, said on Sunday that he expects new tariffs imposed by U.S. President Donald Trump will lead to higher inflation and interest rates in the United States that will likely weaken the euro. Knot, who is also the Netherlands’ Central Bank President, said …
ECB’s Knot on US tariffs: a trade war only has losers Read More »
BERLIN (Reuters) – Volkswagen is counting on talks to avoid trade conflict, Europe’s biggest carmaker said on Sunday, after U.S. President Donald Trump ordered tariffs on goods from Mexico, Canada and China. The company’s Puebla factory is Mexico’s largest and one of the biggest in the Volkswagen Group, making nearly 350,000 cars in 2023, including …
Volkswagen counts on talks to avoid trade conflict after Trump tariffs Read More »
BERLIN (Reuters) -Porsche’s supervisory board has started talks to end finance chief Lutz Meschke’s and sales executive Detlev von Platen’s contracts early, the German luxury carmaker said in a statement late on Saturday, as it struggles to boost flagging earnings and weak sales in China. German large circulation newspaper Bild was first to report on …
Porsche starts talks to end CFO, sales chief contracts Read More »
MILAN (Reuters) – UniCredit remains focused on its takeover bid for Banco BPM and its stake in Commerzbank, a spokesperson for the Italian bank said, after two sources confirmed a report about an investment in Generali. Italy’s top insurer Generali is under the spotlight as CEO Philippe Donnet faces a battle for reappointment in May. …
UniCredit says focused on BPM, Commerzbank as sources confirm small Generali stake Read More »
By Blake Brittain (Reuters) -The estate of one of Superman’s co-creators has filed a copyright lawsuit in a U.S. court against Warner Bros. Discovery ahead of the release of its new movie, “Superman,” part of a planned reboot of the DC Comics superhero film franchise. The lawsuit was filed on Friday in federal court in …
Warner Bros hit with Superman copyright lawsuit ahead of new movie Read More »
(Reuters) – Austria’s OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada’s Nova Chemicals if its owner, the Abu Dhabi sovereign wealth fund Mubadala, agrees. The proposed acquisition would create a global polyolefin group, which would combine Nova Chemicals, Borealis and Borouge, according to …
Austria’s OMV, ADNOC mull acquiring Nova Chemicals Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday acknowledged that tariff costs are sometimes passed along to consumers, and said his plans to impose tariffs may cause a short-term disruption. But the Republican president told reporters in the Oval Office that he was not concerned about the reaction of financial markets to his plans …
Trump says tariff may cause short-term disruption Read More »
By Yadarisa Shabong and Aby Jose Koilparambil (Reuters) – Britain’s Smiths Group said on Friday it plans to spin off its Smiths Detection business, known for its baggage-screening kit in airports and explosive detectors, lifting the engineering group’s shares to a record high. Under pressure from U.S. activist investor Engine Capital, Smiths Group also said …
Smiths Group to break up after activist pressure, shares hit record high Read More »
By Shariq Khan, Sheila Dang and Seher Dareen (Reuters) -Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course, and the downtrend is set …
Chevron profit disappoints as refining posts first loss in four years Read More »
