PARIS (Reuters) – Christel Bories will step down as chief executive of French mining group Eramet in May while remaining chairwoman, the company said on Tuesday. Bories, CEO since 2017, has overseen a shift in Eramet’s strategy towards minerals used for electric vehicle batteries, notably by developing a lithium mine in Argentina that began production …
Eramet’s Bories to step down as CEO, stay on as chair Read More »
LONDON (Reuters) – Baillie Gifford U.S. Growth Trust, battling plans by U.S. activist Saba Capital to shake up its board, unveiled fresh data on Tuesday to show it had outperformed the S&P 500 Index in sterling terms in the six months to Nov. 30. In response to Saba’s allegations of consistent underperformance, Baillie Gifford said …
Baillie Gifford posts fresh performance data as activist spat deepens Read More »
OSLO (Reuters) – Norway’s sovereign wealth fund, a major global investor, said on Tuesday it is proposing that publicly listed companies should stop reporting quarterly earnings and instead opt for half-year results in order to encourage better long-term decision-making. The $1.8 trillion fund holds stakes in close to 9,000 companies in more than 70 countries, …
Companies should end quarterly earnings reports, Norway sovereign wealth fund says Read More »
(Reuters) -British crypto miner Argo Blockchain on Tuesday said Thomas Chippas is resigning from his roles as CEO and director. This marks the firm’s second CEO change in less than two years, following Chippas’ appointment to the role in November 2023 when he replaced founder and CEO, Peter Wall. Jim MacCallum, who became CFO in …
UK’s Argo Blockchain says CEO Thomas Chippas to step down Read More »
By Alessandro Parodi (Reuters) -New car sales in Europe were up by 0.9% in 2024, led by double-digit growth in hybrid car registrations, which exceeded petrol for a fourth consecutive month in December, industry data showed on Tuesday. Renault’s market share in the continent overtook Stellantis’ for the first month since the Franco-Italian group was …
European car sales up 0.9% in 2024, Renault overtakes Stellantis in Dec, ACEA says Read More »
OSLO (Reuters) – The Swedish government on Tuesday said it has proposed raising the property tax on wind farms to 0.5% of the taxation value from 0.2% currently, bringing it in line with that of other forms of electricity generation. The amendment to the law is proposed to enter into force on Jan. 1 of …
Sweden seeks to raise property tax on wind farms Read More »
A look at the day ahead in European and global markets from Kevin Buckland Everything that investors feared about another Donald Trump presidency was proven true in the first hours of day one, and currency traders in particular were left with a case of whiplash. A lack of tariff threats in Trump’s inauguration speech was …
By Foo Yun Chee BRUSSELS (Reuters) – Meta’s Facebook, Elon Musk’s X, Google’s YouTube and other tech companies have agreed to do more to tackle online hate speech under an updated code of conduct that will now be integrated into EU tech rules, the European Commission said on Monday. Other signatories to the voluntary code …
Facebook, X, YouTube to do more against online hate speech, EU says Read More »
VIENNA (Reuters) -A Russian court awarded more than 2 billion euros ($2.1 billion) of damages against the biggest Western bank in Russia, Austria’s Raiffeisen Bank International, in a landmark ruling underscoring the perils of doing business in Russia. The case, in which lawyers for Raiffeisen accused the court of using intimidation tactics, is one of …
Russian court imposes 2 billion euro damages on Austrian bank Raiffeisen Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The return of U.S. President Donald Trump to the White House is a wake-up call for European Union countries to fix their economies and become more competitive, the EU’s senior financial officials said on Monday as Trump was sworn in for a second term. The 27-nation EU became increasingly …
EU ministers see Trump as wake-up call to fix economy Read More »
