Reuters UK Business

(Reuters) -British finance minister Rachel Reeves is expected to impose national insurance on employers’ pension contribution in her Oct. 30 budget, in a move that would largely exempt public sector workers, The Times reported on Tuesday. The move is expected to raise 15.4 billion pounds ($19.99 billion) and will reimburse public sector employers, including the …

UK’s Reeves to impose national insurance on employers’ pension contributions, The Times reports Read More »

By Gwladys Fouche OSLO (Reuters) -European companies that deal closely with China would be most negatively affected by a Republican victory at the upcoming U.S. election given Donald Trump has said he would hike tariffs on Chinese products, a top official at Norway’s sovereign wealth fund said on Tuesday. Republican Trump and Democratic candidate Vice …

European firms exposed to China at most risk from Trump presidency, Norway fund official says Read More »

By Muvija M and Paul Sandle LONDON (Reuters) – Britain will on Wednesday launch an independent commission tackling the crisis in its water utility sector after years of under-investment and pollution scandals affecting rivers, lakes and seas. The commission, to be headed by Jon Cunliffe, former deputy governor of the Bank of England, will aim …

UK begins sweeping review of scandal-ridden water utility sector Read More »

By Arsheeya Bajwa (Reuters) -Texas Instruments beat third-quarter profit estimates on Tuesday, helped by a recovery in orders for its analog chips across segments and improving demand from China’s automotive market, sending its shares up 4% in extended trading. Sales of TI’s semiconductors, which help power electronic devices, have been bolstered by improving orders from …

TI profit beats points to China automotive chip rebound as industrial weakness persists Read More »

By Amy-Jo Crowley, Andres Gonzalez, Mathieu Rosemain and Anousha Sakoui LONDON (Reuters) – Buyout fund CD&R’s keenly awaited 16 billion euro ($17.36 billion) deal to take control of Sanofi’s consumer health unit, could herald an upsurge in big private equity transactions in Europe, investors and analysts say. A record amount of uninvested capital at funds, …

Analysis-Dealmakers expect bigger European private equity buyouts and more of them Read More »

NEW YORK (Reuters) – The European Central Bank could undershoot its inflation target, especially if growth remains sluggish, and the bank could then be at risk of acting too late in unwinding past rate hikes, French central bank chief Francois Villeroy de Galhau said on Tuesday. The ECB cut rates three times already this year …

ECB must be agile to not fall behind rate cut curve, Villeroy says Read More »

(Reuters) -German automaker Volkswagen’s China chief marketing officer and head of product strategy, Jochen Sengpiehl, was deported back to Germany after being detained in China for about 10 days, the Financial Times reported on Tuesday. Sengpiehl allegedly tested positive for drugs after a holiday abroad, the newspaper said, citing people familiar with the matter, adding …

Senior Volkswagen executive Jochen Sengpiehl deported from China, FT reports Read More »