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(Reuters) -Italian lender Monte dei Paschi (MPS) is considering a potential deal for investment bank Mediobanca, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Mediobanca has a market value of about 12.63 billion euros ($13.16 billion), while state-backed MPS is valued at about 8.9 billion euros, according to LSEG data. MPS …

Italian lender Monte dei Paschi explores deal for Mediobanca, Bloomberg News reports Read More »

(Reuters) – British consumer confidence sank this month to its lowest level in over a year, marking the steepest drop between the months of December and January since 2011, according to a survey that added to signs of a slowdown in the economy. The monthly consumer confidence index published by market research firm GfK fell …

UK consumer morale sinks to lowest since late 2023: GfK survey Read More »

(Reuters) -Elon Musk’s Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday, weeks after it was first released in China. The new Model Y, a long range all-wheel drive variant, will cost $59,990 in the U.S., according to the electric vehicle maker’s …

Tesla launches new Model Y in US, Canada, Europe weeks after China Read More »

By Divya Chowdhury and Bansari Mayur Kamdar DAVOS, Switzerland (Reuters) – Despite watching Bitcoin’s scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a “crypto president” in the U.S., some of the world’s largest investors said this week they still plan to stay on the sidelines. “I am not …

Crypto’s charms leave some investors in Davos cold Read More »

(Reuters) -Rio Tinto warned on Friday that its first-quarter shipments could be affected by disruptions to its rail operations following record rainfall along Western Australia’s Pilbara coastline due to tropical cyclone Sean. A railcar dumper at the East Intercourse Island (EII) port facility, which handled 45 million metric tons of total iron ore shipments in …

Rio Tinto flags Q1 shipments hit after cyclone-induced rail disruptions Read More »

By Timothy Gardner (Reuters) – President Donald Trump said on Thursday the United States would guarantee supplies of liquefied natural gas to Europe, even amid worries that the booming export industry could boost prices of gas for U.S. consumers. TotalEnergies CEO Patrick Pouyanne asked Trump, who was speaking remotely at the World Economic Forum on …

Trump says US will guarantee LNG supplies for Europe Read More »

By Divya Chowdhury and Mehnaz Yasmin DAVOS, Switzerland (Reuters) -The CEO of Germany’s Merck KGaA on Thursday said a recovery in sales growth at its existing business means it can take a cautious approach to buying other companies, which are expensively priced. “We need to stay prudent and patient because our business is returning to …

Merck KGaA says high asset prices call for prudent M&A approach Read More »