MILAN (Reuters) – Shares in French carmaker Renault rose more than 4% on Monday, with traders citing media speculation over a potential combination with rival Stellantis. Citing unnamed financial sources, Italian daily Il Messaggero reported on Sunday that France is considering a merger between the two to strengthen its grip on the sector and counter …
Renault shares rise on media talk over Stellantis combination Read More »
(Reuters) – European shares edged higher at open on Monday as more upbeat earnings reports rolled in, although broader sentiment remained subdued as investors reassessed their interest rate cut expectations. The pan-European STOXX 600 index was up 0.2%, as of 0835 GMT. Delivery Hero gained 2.8% after the German online takeaway food company posted an …
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s unemployment rate was much lower late last year than previously thought, the Office for National Statistics said on Monday, citing re-weighted survey results that might add to the Bank of England’s caution about cutting interest rates quickly. The new data – which reflect the latest estimates …
UK unemployment rate much lower than thought in late 2023 Read More »
By Paul Sandle LONDON (Reuters) -Vodafone said on Monday it was in “active discussions” about a deal in Italy, its worst performing major market, as it reported a sharp slowdown in growth in its biggest, Germany, in the third quarter. The British group rejected a merger offer from rival Iliad in Italy last month in …
Vodafone in ‘active’ Italy deal talks as German recovery slows Read More »
By Maria Martinez BERLIN (Reuters) -German exports fell more than expected in December due to weak global demand, data from the federal statistics office showed on Monday. Exports fell by 4.6% in December compared with the previous month. The result compared with a forecast 2.0% decrease in a Reuters poll. Exports to EU countries fell …
German exports fall more than expected in December Read More »
STOCKHOLM (Reuters) -Volvo Cars’ sales increased 10% to 53,402 cars in January from a year earlier, helped by a 40% jump for fully electric models in Europe, the Sweden-based group said on Monday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales of fully electric cars were in all up …
FRANKFURT (Reuters) -Germany’s economy and finance ministers on Sunday floated the idea of reforming the country’s corporate taxes as one way to take pressure off companies that are facing numerous challenges, including high energy costs. Germany has “an overall corporate taxation that is no longer competitive and conducive to investment”, Economy Minister Robert Habeck told …
Germany should consider corporate tax reform, say economy and finance ministers Read More »
ZURICH (Reuters) – A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, defending his response to the Swiss banking crisis. “The state would suddenly have to run a globally active bank that is dirty everywhere and involved in legal cases. How …
Former Swiss finance minister defends role in Credit Suisse collapse Read More »
(Reuters) -Swedish private equity giant EQT is reviving plans for an initial public offering of Swiss skincare group Galderma, the Financial Times reported on Sunday, citing people familiar with the matter. Galderma is preparing for an IPO in Switzerland as soon as the first half of this year, the report said, adding the unit could …
Private equity giant EQT revives plans for $20 billion Galderma IPO- FT Read More »
SYDNEY (Reuters) – Australia on Sunday released a “preferred model” for new standards on vehicle emissions as the country moves closer to finalising rules to boost uptake of electric cars, in line with standards in most other developed economies. The road-map to fuel efficiency standards, a policy that advocates say will spur manufacturers to send …
Australia releases preferred option on pollution rules to boost EV uptake Read More »
