Reuters UK Business Archives - Page 1684 of 3179

Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO

7 Nov 2024 7 Nov 2024

AMSTERDAM (Reuters) – Dutch-headquartered semiconductor maker NXP expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday. Speaking at the company’s investor day in Boston, Sievers said the automotive chipmaker’s gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform. NXP reported third-quarter …

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WK Kellogg beats third-quarter estimates on demand, higher prices

7 Nov 2024 7 Nov 2024

(Reuters) – WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks. Shares of the Battle Creek, Michigan-based company rose about 10% in premarket trading as higher product pricing and cost-cutting efforts bolstered results. Despite raising prices, …

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Stellantis, Infineon announce cooperation on architecture for next-generation cars

7 Nov 2024 7 Nov 2024

MILAN (Reuters) – Automaker Stellantis and German chipmaker Infineon said on Thursday they would cooperate to further develop power architecture for the automaker’s next generation vehicles. The two companies said in a joint statement they signed supply and capacity agreements that will serve as a base for their cooperation. These include Infineon’s smart power switches, …

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Ukraine dollar bonds and GDP warrants extend Trump-win rally

7 Nov 2024 7 Nov 2024

By Libby George and Karin Strohecker LONDON (Reuters) – Ukraine’s sovereign dollar bonds and GDP warrants extended a post-U.S. election rally on Thursday on optimism that Donald Trump’s return to the White House could end the country’s war with Russia. Longer-dated maturities saw the biggest gains, with 2035 paper rising by more than 2 cents …

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BoE’s Bailey says downside inflation surprises could spur faster rate cuts

7 Nov 2024 7 Nov 2024

LONDON (Reuters) – The Bank of England could move less gradually in cutting interest rates if inflation continues to surprise to the downside, Governor Andrew Bailey said on Thursday. Bailey said the BoE’s central view was that it would only be able to cut rates gradually, but he added that inflation had fallen faster than …

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Bank of England policymakers speak after cutting rates

7 Nov 2024 7 Nov 2024

LONDON (Reuters) -The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government’s first budget. Here’s what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND …

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Three Finnish airports mitigate Russian GPS interference with radio navigation

7 Nov 2024 7 Nov 2024

By Anne Kauranen HELSINKI (Reuters) – Three airports in Eastern Finland are reintroducing radio navigation equipment to facilitate aircraft landings during times that authorities believe Russia is interfering with satellite navigation, their operators told Reuters. Finland believes Russia is disturbing signals used in navigation, the Global Navigation Satellite System (GNSS) and Global Positioning System (GPS), …

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Italy calls for EU support to meet NATO spending target

7 Nov 2024 7 Nov 2024

By Angelo Amante and Giuseppe Fonte ROME (Reuters) -Italy urged the European Union on Thursday to guarantee bond issuance needed to finance defence, saying a NATO spending target of at least 2% of gross domestic product (GDP) by 2028 clashed with the EU’s revamped fiscal rules. Donald Trump insisted during his first term as U.S. …

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Analysis-Germany’s coalition collapse brings more pain to its ailing economy

7 Nov 2024 7 Nov 2024

By Maria Martinez BERLIN (Reuters) – The collapse of Germany’s ruling coalition is set to bring more economic pain in the months ahead and just a glimmer of hope for Europe’s ailing economic giant if, and that is a big if, it can lead to a less fractious government and more coherent policies. The break-up …

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Trade barriers create financial risks, ECB’s Knot says

7 Nov 2024 7 Nov 2024

AMSTERDAM (Reuters) – Increasing geopolitical tensions and rising trade barriers create economic risks and make it harder to counter new shocks to the international financial system, European Central Bank governing council member Klaas Knot said on Thursday. “We just had a presidential debate in the U.S. where the word tariff was used frequently, and there …

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