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ZURICH (Reuters) – Swiss Finance Minister Karin Keller-Sutter said she had on Thursday discussed the outlook for banking regulation in the United States with her British counterpart Rachel Reeves following Donald Trump’s presidential election win this week. Speaking after a meeting with Reeves in London, Keller-Sutter said the two officials had talked about efforts to …

UK, Switzerland eye US bank rules after Trump win, Swiss minister says Read More »

(Reuters) – Ayvens, the car leasing unit of the French bank Societe Generale, is drawing interest from investment firms who are studying a potential bid for the company, Bloomberg News reported on Thursday, citing people familiar with the matter.  Blackstone, Brookfield Asset Management and CVC Capital Partners are among the firms interested in a potential …

SocGen’s car leasing unit Ayvens attracting buyout interest, Bloomberg News reports Read More »

By Anna Peverieri (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, could more than double annual production by at least 3 million metric tons in war-torn Ukraine if the situation stabilises there, the steelmaker’s Chief Financial Officer Genuino Christino told investors during a quarterly conference call on Thursday. Christino did not elaborate on what conditions the …

ArcelorMittal could boost Ukraine steel output if situation stabilises Read More »

LISBON (Reuters) – Portugal’s largest utility EDP posted on Thursday a stronger-than-expected 14% rise in nine-month net consolidated profit, benefiting from strong rainfall in Iberia and additional earnings from its Brazilian unit after a full takeover. EDP ​​​​​pocketed a net 1.08 billion euros ($1.17 billion), beating the average analysts’ forecast of 993 million euros in …

EDP’s profit rises 14% to beat estimates, helped by rainfall, Brazil Read More »

By Andy Bruce LONDON (Reuters) – Bank of England Governor Andrew Bailey stuck to his script outlining gradual interest rate cuts on Thursday, but Donald Trump’s White House return and threats to impose tariffs could force a hasty rewrite, economists said. The BoE’s Monetary Policy Committee (MPC) voted to cut interest rates to 4.75% from …

Trump tariffs loom over Bank of England’s best-laid rate cut plans Read More »