(Reuters) – Mercedes-Benz’s core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in China, the German luxury carmaker said on Friday. Despite this, Mercedes stock inched higher after the results and was up 4% by 1120 GMT, topping the German blue-chip index …
Mercedes-Benz 2024 car sales fall in tough year for automakers Read More »
By Amanda Cooper LONDON (Reuters) – Traders’ confidence in the pound has taken its biggest dive this week since the 2022 UK budget crisis, according to the options market, as a global bond selloff added to growing unease over Britain’s finances and sent bond yields to 16-year highs. The options market shows traders are positioned …
Trader confidence in sterling takes a dive on bond market turmoil Read More »
(Reuters) -Dutch paint and coatings maker AkzoNobel plans to lay off of up to 211 staff in France, about 16% of its workforce in the country, under a reorganisation plan, it said on Friday. The maker of Dulux paints, which currently employs 1,300 people in France, said the reorganisation would be carried out from May …
AkzoNobel to lay off up to 16% of workforce in France Read More »
LONDON (Reuters) – Wind power provided 20% of the electricity consumed in Europe last year, but the capacity built during the year was less than half of what is needed to meet the European Union’s 2030 energy and climate targets, industry group WindEurope said on Friday. WHY IT’S IMPORTANT Wind has been a growing part …
LONDON (Reuters) – Deutsche Bank said investors should sell the pound on a broad trade-weighted basis, in a Friday note, as Britain’s current account deficit is no longer improving, and the currency is vulnerable to the recent increase in volatility. The pound has lost nearly 2% this week against a strong dollar to a 14-month …
Deutsche recommends selling sterling on broad, trade-weighted basis Read More »
(This Jan. 9 story has been corrected to say 50:50, not 51:49, in paragraph 9) By America Hernandez and Christoph Steitz PARIS/FRANKFURT (Reuters) – Austrian energy company OMV’s Romanian business has struck a deal to supply Uniper with gas from its Black Sea project from 2027, three people familiar with the matter told Reuters, as …
OMV’s Romanian business agrees to supply gas to Germany, sources say Read More »
FRANKFURT (Reuters) – Shares in E.ON fell on Friday after Romania’s energy minister told the Financial Times that a planned disposal of a local division to Hungary’s MVM was under review, partly due to fears of potential Russian influence. Sebastian Burduja was quoted by the FT as saying that the planned sale of E.ON’s 68% …
Romania puts local disposal of E.ON under review over Russian fears Read More »
By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second biggest supermarket group, is on track to deliver full-year profit growth of around 7%, it said on Friday, after robust food sales over the Christmas quarter offset weakness in general merchandise. The group, which trails only Tesco by market share, reported a 2.8% rise in underlying sales …
Britain’s Sainsbury’s set for profit growth after Christmas sales rise Read More »
KYIV (Reuters) – Ukraine’s steel output rose by 21.6% in 2024 to 7.58 million metric tons, its producers union said late on Thursday, though fighting that is closing in on the country’s only coking coal mine threatens to slash volumes this year. Steel production has already suffered since Russia’s invasion on Feb. 24, 2022, which …
Ukraine’s steel output up but fighting threatens coking coal supply Read More »
By Rene Wagner BERLIN (Reuters) – The German trade surplus with the United States is heading towards a record level just before U.S. President-elect Donald Trump arrives at the White House, an analysis of statistics office data showed. While the German statistics office published trade data for November on Thursday, Reuters calculations of 11 month …
Germany’s trade surplus with US reaches record high as Trump tariffs loom Read More »
