DAVOS, Switzerland (Reuters) -Private equity sales of their investments may recover under Donald Trump’s second term as president to levels not seen in several years, the executive president of buyout firm Ardian said on Wednesday. “If you went back six months ago, the discourse was all about what’s going to happen (in the U.S. election),” …
Private equity exits set to recover under Trump, says Ardian exec Read More »
DAVOS, Switzerland (Reuters) – The CEO of German insurer Allianz said on Wednesday that he expected fewer regulatory fines under U.S. President Donald Trump than under Joe Biden’s administration, which he called “extortion”. Allianz in 2022 settled with U.S. authorities and agreed to pay $6 billion over allegations that its U.S. asset management unit defrauded …
Allianz CEO says he expects less ‘extortion’ from fines under Trump govt Read More »
By Elisa Martinuzzi DAVOS, Switzerland (Reuters) -The Swiss National Bank still has room to cut interest rates again and even take rates below 0% if Swiss inflation falls too far, Chairman Martin Schlegel said on Wednesday, although he could not say how likely such a step would be. “At the moment (rates) are at 0.5%,” …
Swiss National Bank can cut rates further or go negative, chairman says Read More »
FRANKFURT (Reuters) – European Central Bank interest rates will keep falling as policymakers are confident that inflation will stabilise at the bank’s 2% target, Finnish central bank chief Olli Rehn said on Wednesday. “We are now confident that inflation will stabilise at the target as predicted and monetary policy will stop being restrictive in the …
ECB’s Rehn says inflation confidence will allow for rate cuts Read More »
(Reuters) – TE Connectivity forecast second-quarter profit below analysts’ expectations on Wednesday, as the sensor maker continues to face demand uncertainty in its largest division, the transportation unit. The transportation segment, which produces components for automotive technologies, saw sales decline by 6.3% to $2.24 billion, making up 58.4% of the total revenue for the quarter. …
TE Connectivity forecasts Q2 profit below expectations as demand uncertainty weighs Read More »
BERLIN (Reuters) -Germany’s Volkswagen plans to sell 15% of its shares in truck unit Traton in the first half of this year, hoping to raise about 2 billion euros ($2.09 billion), manager magazin reported on Wednesday, citing unnamed company sources. Volkswagen declined to comment. A spokesperson for Traton said they could not comment on Volkswagen’s …
VW plans to sell 15% of Traton shares in H1, manager magazin says Read More »
BERLIN (Reuters) – Germany’s gas market trading hub is in talks with the economy ministry and regulator about the possibility of contractors receiving subsidies to refill gas storage sites, the Trading Hub Europe (THE) website showed. Traders are concerned that German gas storage is not sufficiently refilled during summer months ready for the following winter …
Germany considers plan to subsidise storage refills, says gas trading hub Read More »
By Vera Eckert and Tom Käckenhoff BERLIN (Reuters) -More U.S. exports of liquefied natural gas (LNG) to Europe as called for by President Donald Trump will relieve tight global markets, reduce prices, and help traders diversify their supplies, the head of German utility Uniper said on Wednesday “When Trump sends more gas to Europe it …
More US LNG exports to Europe will help market, Uniper CEO says Read More »
By Paul Sandle and Kate Holton LONDON (Reuters) – Britain forced out the chair of its antitrust regulator after he failed to prioritise its growth agenda, replacing him with a former Amazon boss, in a sign the UK’s attempt to rein in big tech could be over. Marcus Bokkerink was replaced at the Competition and …
UK boots out antitrust boss for failing to back growth agenda Read More »
By Joanna Plucinska and Yadarisa Shabong (Reuters) -EasyJet’s shares dropped to their lowest level since October on Wednesday as the company flagged weaker revenue expectations for the second quarter, but the airline cut losses in the first quarter and kept its profit guidance for the year. European airlines are hoping that stable fuel prices and …
EasyJet cuts losses, shares drop on expectations of second-quarter weakness Read More »
