By Karin Strohecker LONDON (Reuters) – Some of the world’s smallest economies, especially in Africa, could be at increased risk of being unable to pay their debts in the medium term, even as developing nations have emerged from a series of sovereign defaults, financial adviser Lazard said. The pandemic, the Ukraine war, and domestic strife …
Smaller economies’ medium term default risk could have risen Read More »
By Helen Reid STOCKHOLM (Reuters) – Swedish fast-fashion retailer H&M is working to buy more of its clothes and accessories from suppliers closer to its key markets in Europe and the U.S., its finance chief told Reuters on Thursday, in part to prepare for potential U.S. import tariffs. “For many reasons we need to create …
H&M speeds up shift to regional supply chains amid tariff threat Read More »
By Helen Reid and Agata Rybska STOCKHOLM (Reuters) -H&M reported weaker-than-expected fourth-quarter sales on Thursday due in part to a late Black Friday, but said sales were up 4% in December and January, indicating a better start to the new fiscal year for the Swedish fast-fashion retailer. CEO Daniel Erver, who took over a year …
H&M’s fourth-quarter sales dented by late Black Friday Read More »
(Reuters) – Trane Technologies on Wednesday beat Wall Street estimates for fourth-quarter revenue and profit, helped by rising demand for heating and air-conditioning for commercial buildings. Shares of the company were up 2.5% in premarket trade. Last year was the hottest on record, prompting homes and businesses to crank up their air conditioners. Scientists have …
Trane Technologies beats estimates on demand for commercial air-conditioning Read More »
By Nora Buli OSLO (Reuters) – Norway’s $1.8 trillion wealth fund, the world’s largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with …
Norway’s wealth fund sticks to investments in renewables despite market setbacks Read More »
By John Revill ZURICH (Reuters) – ABB expects increased demand from the data centre market for its electrification products, CEO Morten Wierod said on Thursday, despite the promise of lower-energy AI models from China’s DeepSeek. DeepSeek, a low-cost alternative to U.S. rivals, sparked a tech stock selloff on Monday as its free AI assistant overtook …
ABB CEO sees growth in data centre business despite rise of DeepSeek Read More »
LONDON (Reuters) -Britain is considering proposals to reduce the amount that pension schemes have to pay into an industry-wide bailout fund, the government said on Thursday, as it searches for new ways to free up cash for investment in the economy. The Pension Protection Fund (PPF) charges a levy on corporate schemes to build up …
UK, seeking investment boost, plans to reduce pension bailout levy Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russian banks made record annual profits of 4 trillion roubles ($40.7 billion) in 2024, the central bank said on Thursday, as Russia’s financial sector continued to rebound from sanctions, riding a wave of high interest rates and solid loan growth. The central bank’s high key rate, now …
Russian banks reap record profits in 2024, helped by high rates and loan growth Read More »
(Reuters) -Home appliance maker Electrolux on Thursday posted a better than expected operating profit for the final quarter of 2024, but warned potential U.S. tariffs could mean further uncertainty for the North American market. The Swedish group reported an operating profit excluding non-recurring items of 1.25 billion Swedish crowns ($113.6 million) for the fourth quarter, …
Electrolux says US tariffs could hit demand after N.America improves in Q4 Read More »
By Vera Eckert MUKRAN, Germany (Reuters) – Private German liquefied natural gas (LNG) terminal operator Deutsche ReGas says the potentially lower prices offered by state-owned Deutsche Energy Terminal to attract buyers are a threat to its business. Germany’s quest to increase LNG capacity for regasification on its shores has intensified as it seeks to replace …
Germany’s private LNG terminal fears state operator may undercut it Read More »
