Reuters UK Business

(Reuters) -The European Commission said it has opened an investigation into possible market distortion by China’s state-owned CRRC in a bid for railway construction works in Portugal’s capital Lisbon. Based on a preliminary inquiry, the Commission said it found that the Portuguese unit of the Chinese rolling stock manufacturer might have benefited from foreign subsidies …

Europe probes Chinese bidder in Lisbon railway project over possible market distortion Read More »

By Gergely Szakacs DEBRECEN, Hungary (Reuters) -China poses a “very significant” competitive challenge to German carmakers, the head of luxury carmaker BMW’s new Hungarian plant said on Wednesday, with Chinese rival BYD soon to start production in the country. Under right-wing Prime Minister Viktor Orban, Hungary has become an important trade and investment partner for …

China poses ‘very significant’ challenge to German brands, BMW leader says Read More »

BERLIN (Reuters) -Germany is lobbying China in the interests of German customers of the now-blocked semiconductor maker Nexperia through all available channels, a spokesperson for the economy ministry told Reuters on Wednesday. Nexperia, Chinese-owned but based in the Netherlands, makes billions of simple but ubiquitous chips for cars and other electronics. “We take the situation …

Germany lobbying China in interest of customers of Nexperia components Read More »

By Sarupya Ganguly BENGALURU (Reuters) -Traders will be net short on the U.S. dollar through November as the currency weakens over coming months on continued bets of multiple Federal Reserve interest rate cuts, a Reuters survey of foreign exchange strategists showed on Wednesday. Rate futures are currently pricing three to four cuts by end-2026 on …

Traders to stay net short the US dollar, say FX forecasters clinging to bearish views: Reuters poll Read More »

By Laura Contemori (Reuters) -Italy’s Nexi, one of Europe’s top two payments groups, sounded a note of caution about its profit margin on Wednesday, after reporting a lower than expected core profit for the third quarter and sending its shares down as much as 10%. Analysts have raised concerns about the business model of Nexi, …

Nexi cautious on profit margin outlook as bank contracts weigh Read More »