By Libby George LONDON (Reuters) – The European Bank for Reconstruction and Development is launching a 110 million euro guarantee to jumpstart war risk reinsurance for inland transport in Ukraine. The bank estimates the scheme could facilitate insurance cover for over 1 billion euro worth of goods and vehicles in transit each year – its …
EBRD launches 110 million euro guarantee for Ukraine war-risk insurance Read More »
(Reuters) – Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX. Musk is Tesla’s largest shareholder with about a 13% stake in the company. The EV …
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows Read More »
By Giulia Segreti ROME (Reuters) – Italy’s state-owned railway Ferrovie dello Stato (FS) will spin off its high-speed network into a dedicated company, the group’s chief executive said, paving the way for a later stake sale to outside investors. The plan is part of Prime Minister Giorgia Meloni’s efforts to sell state assets to cut …
Italian railways to woo investors for high-speed network spin-off Read More »
(Reuters) -Volkswagen’s supervisory board is leaning away from closing large plants in Germany to tackle the automaker’s cost crisis, a report by business monthly manager magazin said on Thursday, though no final agreement has been reached. Board members discussed stopping production at the 300-person Dresden plant and selling the plant in Osnabrueck which employs around …
Volkswagen’s board leaning away from closing big plants in Germany, media report says Read More »
By Selena Li HONG KONG (Reuters) – HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade. IFC and HSBC said on Thursday they would equally share the risk …
HSBC, World Bank’s IFC launch $1 billion trade finance programme for emerging markets Read More »
By Naomi Rovnick LONDON (Reuters) – Central banks in the euro area and Switzerland cut rates on Thursday, a day after Canada slashed rates by a hefty 50 bps. Australia, meanwhile, eased its previously dovish tone this week, while Japan remains an outlier. Here’s where major rate-setters stand and what traders expect next. 1/ SWITZERLAND …
Rate cuts come thick and fast in Europe and Canada as Trump tariffs loom Read More »
FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes in on its goal and the economy remains weak. The central bank for the 20 countries that share the euro reduced the rate it pays …
ECB cuts interest rates for fourth time this year Read More »
By Anita Komuves BUDAPEST (Reuters) – Hungarian pharmaceutical company Richter expects a slowdown in sales growth for its flagship product, Vraylar, next year while supply chain disruptions continue to pose challenges, CEO Gabor Orban told Reuters on Wednesday. Orban said 2025 would be a difficult year for Richter as supply chain disruptions that started with …
Vraylar sales growth seen slowing in 2025, says Richter CEO Read More »
By Isabel Demetz (Reuters) -Swiss contract drugmaker Lonza plans to simplify its structure and exit its capsules and health ingredients (CHI) business after a decline in demand for pharmaceutical supplies since the end of the COVID-19 pandemic. “We need to come to the conclusion that Lonza is not the best owner at this point in …
Lonza seeks deals as it exits health and ingredients to focus on contract development Read More »
LONDON (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead, as inflation closes in on its goal and the economy remains weak. The euro was trading steadily at $1.0493, roughly where it was before the decision. Europe’s STOXX …
Instant view: ECB cuts rates again, euro stabilises Read More »
