By Divya Chowdhury and Francesco Canepa MUMBAI (Reuters) -A weaker euro falling to parity with the dollar would cushion the impact of any new U.S. tariffs on euro zone growth although it would push up inflation, European Central Bank policymaker Pierre Wunsch told Reuters on Wednesday. The Belgian central bank governor said in an interview …
ECB’s Wunsch says weaker euro may take edge off US tariffs Read More »
LONDON (Reuters) – Small British discount retailer Shoe Zone on Wednesday highlighted “very challenging trading conditions” in the first half of December, potentially unsettling nerves across the wider sector with just a week to go in the countdown to Christmas. Shoe Zone, which trades from 297 stores across the UK and online, warned on profit …
UK retailer Shoe Zone says December trading conditions ‘very challenging’ Read More »
ZURICH (Reuters) – ABB has agreed to acquire the power electronics unit of Gamesa Electric in Spain from Siemens Gamesa to boost its position in the renewable power conversion technology market, the Swiss engineering group said on Wednesday. The transaction is expected to close in the second half of 2025, ABB said. Financial terms were …
ABB to buy power electronics business from Siemens Gamesa Read More »
By William Schomberg and David Milliken LONDON (Reuters) -British inflation hit an eight-month high in November, but the rise in services prices – watched closely by the Bank of England as an underlying measure of inflationary pressures – held steady, offering the central bank a little bit of relief. Investors added slightly to their bets …
UK inflation hits 8-month high but underlying pressures steady Read More »
(Reuters) – Patriot Battery Metals said on Wednesday automotive giant Volkswagen has invested approximately C$69 million ($48.18 million) for a 9.9% stake in the Canadian lithium developer. The German automaker paid C$4.42 per share, a 66.8% premium to Patriot’s Tuesday closing price, valuing the developer at C$625.8 million. In addition to the equity investment, Patriot …
Volkswagen takes 9.9% stake in lithium developer Patriot Battery Metals for C$69 million Read More »
(Reuters) -Slovak Prime Minister Robert Fico will meet European Commission President Ursula von der Leyen on Thursday to discuss his hopes to continue gas supplies via Ukraine, Fico said on Wednesday. Fico told a parliamentary committee that while the Ukrainian government rejected extending a transit contract with Russia’s Gazprom amid war between the two countries, …
Slovak PM to meet EU Commission head on Ukraine gas transit Read More »
LONDON (Reuters) -European home improvement retailer Kingfisher will exit the Romanian market after agreeing the sale of its loss-making Brico Depot Romania business to Altex Romania for an enterprise value of 70 million euros ($74 million). It said the sale, including a network of 31 stores in 24 cities, distribution operations, and head office in …
Home improvement retailer Kingfisher sells Romania business Read More »
ROME (Reuters) – Five independent Monte dei Paschi board members, who had all been picked by the Italian Treasury, resigned on Tuesday, the Siena-based lender said on Wednesday. Paolo Fabris De Fabris, Lucia Foti Belligambi, Laura Martiniello, Annapaola Negri-Clementi, Donatella Visconti, were all part of the list presented in March 2023 by Italy’s Economy Minister, …
(Reuters) – Britain’s National Grid said on Wednesday it would invest up to 35 billion pounds ($44.45 billion) over the five years to March 2031 as per its business plan for its transmission business. The company, which runs Britain’s energy systems and operates electricity and gas businesses in New York and Massachusetts, said investments include …
UK’s National Grid to invest up to $44 billion in transmission business Read More »
(Reuters) -Heathrow said on Wednesday it planned to invest 2.3 billion pounds ($2.92 billion) over the next two years to upgrade Britain’s busiest airport. The investment is an uplift of 244 million pounds on previously forecasted investments, it said, and comes just days after Saudi Arabia’s sovereign wealth fund PIF and French investment firm Ardian …
London’s Heathrow to invest nearly $3 billion to upgrade airport Read More »
