COPENHAGEN (Reuters) – Volvo Cars’ sales rose 3% year-on-year in October to 61,686 cars driven primarily by an increase in sales of fully electric and plug-in hybrid models in Europe, the Sweden-based automaker said on Monday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement that sales in Europe, its biggest …
BERLIN (Reuters) – German companies are less willing to hire new staff than at any point in more than four years, data from the Ifo institute showed on Monday, as weakness in Europe’s largest economy has left its mark on the country’s labour market. Ifo’s employment barometer fell to 93.7 points in October from 94.0 …
German companies’ hiring plans drop to four-year low, Ifo finds Read More »
STOCKHOLM (Reuters) – Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to get into the housing market, a government-appointed commission recommended on Monday. “There is room to ease these measures without undermining financial stability,” the head of the commission Peter England told reporters. The government will …
Swedish government commission recommends easing mortgage repayment rules Read More »
MILAN (Reuters) – Italian energy group Eni said on Monday it pocketed $1 billion from a planned sale of the Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp. Eni disclosed the value of the deal in a statement announcing its finalisation of the sale. Under its business plan, Eni aims …
Eni pockets $1 billion from Alaska upstream assets sale Read More »
By Iain Withers LONDON (Reuters) – British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery. M&G told Reuters it had acquired a 65% stake in BauMont Real Estate Capital, an 18-strong property …
M&G buys stake in European property firm as it bets on turnaround Read More »
A look at the day ahead in European and global markets from Wayne Cole. The early action Monday has been in currencies as the dollar took a knock from a new poll in Iowa showing Democratic presidential contender Kamala Harris leading Republican Donald Trump. That was enough to see the dollar down 0.9% on the …
By Roushni Nair and Rishav Chatterjee (Reuters) -Mineral Resources said on Monday its billionaire founder Chris Ellison would exit the Perth-based mining services firm within 18 months after an internal probe found he used company resources for his personal benefit and evaded taxes. The board’s investigation found Ellison, who led MinRes through its initial public …
MinRes’ billionaire founder Ellison to exit after board probe finds misconduct Read More »
SHANGHAI (Reuters) – Chinese electric vehicle maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets, including the Middle East, North Africa and Europe, according to two people with knowledge of the matter. Nio to date has only manufactured pure electric vehicles. It is building …
China’s Nio plans to sell its first hybrid car overseas only, sources say Read More »
By Renju Jose SYDNEY (Reuters) – Australian police on Monday searched the PwC Australia office in Sydney as part of a probe into a former partner who leaked confidential government tax plans to the firm and its clients. A parliamentary inquiry earlier this year concluded the firm had shared the data internally and covered up …
Australian police search Sydney PwC office over tax leak probe Read More »
LONDON (Reuters) – Sainsbury’s said it has become the first UK supermarket group to extend a scheme matching the prices of German-owned discounter Aldi on hundreds of products into its convenience stores, upping the competitive ante ahead of the key Christmas trading season. The group, which has an over 15% share of Britain’s grocery market, …
Britain’s Sainsbury’s extends Aldi price match scheme to convenience stores Read More »
