By Pratima Desai LONDON -The London Metal Exchange (LME) plans to launch a consultation on revamping its warehouse storage rules, four sources with knowledge of the matter said, after bottlenecks resurfaced last year despite a previous overhaul. Nearly a decade ago, the LME thought it had solved the problem of gridlock in its approved storage …
LME plans to consult on tackling warehouse gridlock Read More »
By Joanna Plucinska, Sergio Goncalves and Andres Gonzalez DUBLIN (Reuters) – British Airways-owner IAG is likely to be a frontrunner to buy a stake in Portuguese carrier TAP, valued at about $1 billion, bankers and analysts said, marking the next phase in consolidation of the European market. Aviation executives highlighted at the Airline Economics finance …
A look at the day ahead in European and global markets from Rae Wee After drowning for days in headlines about Donald Trump’s return to the White House, investors were delivered a bit of a diversion on Thursday with the announcement of new Chinese measures to boost its ailing stock market. Beijing plans to channel …
Morning bid: China’s shot in the arm for markets Read More »
By Marco Aquino LIMA (Reuters) -DP World is interested in investing more than $1 billion to expand port infrastructure in Peru, the country’s government said on Wednesday following a meeting between President Dina Boluarte and the UAE port and logistics firm’s top executive. DP World CEO Sultan Ahmed bin Sulayem told Boluarte the potential investment …
Port operator DP World weighs $1 billion investment in Peru, says government Read More »
By Medha Singh (Reuters) -Oracle’s shares jumped nearly 9% before the bell on Wednesday after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank. The joint venture, called Stargate, plans to invest $500 billion to help the United States stay ahead of China and …
Oracle surges, chip stocks rise as Trump unveils $500 billion AI plan Read More »
By Susanna Twidale (Reuters) – Solar power overtook coal in the European Union’s electricity mix for the first time last year, while wind power’s share plateaued, data from energy think tank Ember showed on Thursday. The EU is seeking to increase its renewable power generation as part of efforts to cut emissions and reach its …
Solar power overtook coal in EU’s electricity mix in 2024, Ember says Read More »
(Reuters) – Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the “medium term”, according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.5% margin by 2026. The investor call was held before a …
Volkswagen says 6% margin target for brand realistic in medium term, analyst says Read More »
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Global chief executives see much more corporate dealmaking in 2025, with an increased number expecting to pursue mergers and acquisitions after U.S. President Donald Trump was elected to a second term in November, a survey showed. Some 56% of CEOs expect to actively pursue …
CEOs ramp up deal outlook under Trump, EY survey shows Read More »
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) – Buyout groups Permira and Blackstone are weighing a multi-billion-euro initial public offering of German online auto marketplace Mobile.de, three people with knowledge of the situation said. Mobile.de is a subsidiary of Norway’s Adevinta, which was taken private in a 2023 $13.1-billion buyout by a consortium led …
Permira, Blackstone weigh multi-billion-euro Mobile.de IPO, sources say Read More »
By Helen Reid LONDON (Reuters) – Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year’s level, missing its expectations. Net profit was 282 million euros ($294 million) for the year, compared to 305 million euros in 2023, Puma said in preliminary results released after markets closed, …
Puma launches cost-cutting drive after 2024 net profit disappoints Read More »
