BERLIN (Reuters) – Global shipping company Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday. Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group, while the other 12, with a …
Hapag-Lloyd orders 24 new container ships from two Chinese firms Read More »
FRANKFURT (Reuters) – Europe should go ahead and implement new regulation for banks known as Basel III, which aims to make lenders more resilient to possible economic shocks, Claudia Buch, the European Central Bank’s top supervisor, said on Wednesday. “The Basel framework needs to remain the cornerstone of internationally agreed rules,” Buch said in a …
Europe must not water down bank regulation, top supervisor says Read More »
ZURICH (Reuters) – Switzerland has made good progress on most of its negotiation with the European Union on updating economic relations, though work remains to be done on free movement of people, electricity and financial contributions, the government said on Wednesday. Switzerland’s Federal Council said it had taken stock of talks with Brussels on the …
Switzerland ‘well advanced’ on most of EU negotiation, government says Read More »
(Reuters) -Italian asset manager Anima Holding on Wednesday reported a 78% rise in its nine month net profit helped by new business it acquired which helped to drive up revenues. Net profit totalled 172 million euros ($184 million). The company results were bolstered by the contribution of real estate management company Vita, acquired in August …
Profit at Italy’s Anima rises as acquisitions boost revenue Read More »
By Angelo Amante ROME (Reuters) – Energy groups Enel, Ansaldo and defence company Leonardo are in talks to set up a state-backed company to build nuclear reactors in Italy, the country’s energy minister Gilberto Pichetto Fratin said on Wednesday. Pichetto confirmed the talks with the companies, first reported by newspaper Il Foglio, were taking place, …
Enel, Ansaldo, Leonardo in talks to set up nuclear reactors firm, minister says Read More »
BERLIN (Reuters) – Rheinmetall extended the contract of Chief Executive Armin Papperger for another five years on Wednesday as part of a reshuffle to better respond to high demand facing the German defence company following Russia’s invasion of Ukraine. Papperger, who has been CEO since 2013, will remain in his position for another five years …
Rheinmetall extends CEO Papperger’s contract, names new CFO Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is considering options to appease Donald Trump on his return to the White House as it braces for a resumption of U.S. tariffs and other trade threats plus tough exchanges on how to treat China. Trump warned shortly before his U.S. presidential victory that the 27-nation …
Facing tariff threat, Europe eyes options to appease Trump Read More »
FRANKFURT (Reuters) – Europe needs truly continental banks to operate effectively, European Central Bank President Christine Lagarde said on Wednesday, as Germany’s Commerzbank tries to fight off a potential takeover attempt by Italy’s UniCredit. “Reducing the ring-fencing of capital and liquidity along national lines would allow funds to flow freely within banking groups and facilitate …
‘Truly European’ banks needed for effectiveness, Lagarde says Read More »
(Reuters) – Britain’s competition watchdog said on Wednesday it has ended its investigation into Unilever’s environmental claims about certain household essential items, saying the consumer goods giant has made positive changes to its claims. The Competition and Markets Authority (CMA) had opened the probe in December 2023 amid a wider crackdown on greenwashing, after an …
UK regulator ends probe into Unilever’s environmental claims Read More »
LONDON (Reuters) – Novo Nordisk’s sales growth next year could be in the high teens in percentage terms, Chief Financial Officer Karsten Munk Knudsen said on an analyst call following the release of third-quarter earnings on Wednesday. “This is a forward-looking statement, mathematically based, and we’ll come back with the more detailed guidance come early …
Novo Nordisk CFO says 2025 sales could see high-teens percentage growth Read More »
