ZURICH (Reuters) – UBS’s CEO lamented the perception that the lender is too big for Switzerland and pushed back against the need for tougher regulation at an event held at the University of Zurich on Wednesday. “To be honest, it’s quite surprising how quickly UBS went from being perceived as a saviour to a potential …
UBS’s CEO criticises the Swiss bank’s public perception Read More »
By Ankika Biswas and Johann M Cherian (Reuters) -Europe’s main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK’s Experian and Germany’s Commerzbank, while rate-sensitive stocks got a boost after a softer-than-expected U.S. inflation print. The pan-European STOXX 600 was up 0.6%, with Germany’s DAX and …
Upbeat earnings lift STOXX 600 to record high, real estate stocks shine Read More »
SEOUL (Reuters) – Planemakers Airbus and Boeing need to put more pressure on their suppliers to reduce the delivery delays of new aircraft that are hindering airlines’ ability to meet travel demand, Qatar Airways CEO said on Wednesday. “We are … really trying our best to assist both Boeing and Airbus and try to find …
Boeing, Airbus need to do more to reduce new jet delays, Qatar Airways CEO says Read More »
FRANKFURT (Reuters) – A new Chief Executive will take over at Daimler Truck after Martin Daum’s contract ends next year, the head of the German truck maker’s supervisory board said on Wednesday. “Martin’s contract ends in February 2025, so today is his last Annual General Meeting,” Supervisory Board Chairman Joe Kaeser told shareholders at a …
By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission will launch calls within days for projects to improve EU supply of critical minerals and hopes soon to begin joint EU purchases along the lines of its existing scheme for gas, a senior commissioner said on Wednesday. The EU Critical Raw Materials Act is designed to …
EU to call for mineral projects, eyes joint purchases Read More »
FRANKFURT (Reuters) – The euro zone economy grew by 0.3% in the first quarter of the year, suggesting a slow recovery is now underway after six straight quarters of stagnant or negative growth, Eurostat said on Wednesday, confirming a preliminary estimate. In the previous quarter, however, growth was confirmed at minus 0.1%, indicating that the …
Euro zone economy, employment expands by 0.3% in first quarter Read More »
By Andrey Sychev and Ilona Wissenbach BERLIN (Reuters) -Europe’s largest tour operator TUI forecast strong summer season demand on Wednesday, despite higher prices, after reporting stronger-than-forecast results in the typically less busy winter period. Shares in TUI, which operates holidays, hotels, cruises and an airline, reversed early losses and were up around 2% at 0811 …
Tour giant TUI expects bright summer despite higher prices Read More »
BERLIN/ZURICH (Reuters) -Germany’s Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), business daily Handelsblatt reported on Wednesday, citing financial sources. Siemens will announce the deal on Thursday along with its financial results, said Handelsblatt. Siemens declined to comment on the report. …
Siemens to sell drive division to KPS for $3 billion, Handelsblatt reports Read More »
DOHA (Reuters) – TotalEnergies will continue to be listed in France, Chief Executive Patrick Pouyanne said on Wednesday, as the company considers a listing in the United States. On April 26, Pouyanne had told analysts TotalEnergies was “seriously” looking at a possible primary listing in New York to ensure easier access for U.S. investors, adding …
TotalEnergies to stay in France, CEO says as it studies US listing Read More »
By John O’Donnell and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings, according to a person who has seen the correspondence. On May 6, Deputy Secretary of the Treasury Wally Adeyemo sent …
