COPENHAGEN (Reuters) -Novo Nordisk has notified employees impacted by the drugmaker’s job cuts in the vast majority of its locations although the pace varies according to local laws, its CEO Mike Doustdar wrote in a post on LinkedIn on Friday. Doustdar launched a restructuring drive last month, including 9,000 job cuts globally as Novo faces …
Novo Nordisk CEO says job cuts affecting 9,000 staff almost complete Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal’s government expects the partial privatisation of flag carrier TAP to proceed smoothly, backed by a rare cross-party political consensus and interest from Europe’s largest airlines, Infrastructure Minister Miguel Pinto Luz said on Friday. He said that although the minority centre-right government had initially wanted to sell 100% of TAP, …
Portugal says planned TAP airline sale has cross-party backing Read More »
BERLIN (Reuters) -German automotive supplier ZF has a secure supply of chips in the short term but it is making adjustments at its site in the city of Schweinfurt due to changes in customer demand, a company spokesperson said on Friday. Bloomberg had reported earlier that the company was reducing production there due to a …
Germany’s ZF confirms capacity adjustments, denies chip crunch as reason Read More »
By Javi West Larrañaga (Reuters) -The boss of Spanish steelmaker Acerinox praised on Friday recently announced steel import quotas by the European Commission but said the company was working to get the measures adopted more quickly. “We are pushing and trying to accelerate the process as much as we can,” Chief Executive Officer Bernardo Velazquez …
Acerinox hails recent EU measures, urges urgent adoption Read More »
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) -OPEC+ will likely agree on Sunday another small hike in oil output targets for December, three sources familiar with the talks said, as the group moderates its drive to regain market share amid predictions of a supply glut next year. OPEC+ has raised output targets …
OPEC+ likely to agree small oil output increase for December, sources say Read More »
PARIS (Reuters) -The European Central Bank must keep its options open for interest rate moves at upcoming meetings to react to risks, including from financial markets, ECB policymaker Francois Villeroy de Galhau said on Friday. The ECB kept interest rates unchanged at 2% for the third meeting in a row on Thursday, which Villeroy described …
ECB should keep “full optionality” at upcoming meetings: Villeroy Read More »
ROME (Reuters) -The European Union’s top trade official said on Friday he had intervened directly to help Italy resolve a row with the United States over extra tariffs on pasta. Thirteen Italian pasta companies – including the biggest and well-known brand Barilla – face an extra 92% duty, on top of the regular 15% rate …
EU’s Sefcovic says he is helping Italy in pasta tariff war with US Read More »
By Amanda Cooper LONDON (Reuters) -The pound headed for its worst performance against the dollar since July on Friday, while also wallowing at 2-1/2-year lows against the euro, reflecting growing investor nervousness about the outlook for UK government finances. Sterling, which has fallen 2.3% in October, set for its biggest monthly decline since July and …
Pound heads for worst monthly performance since July Read More »
By Charlie Conchie LONDON (Reuters) -Princes Group made a subdued trading debut on Friday after the food producer priced its IPO at the lower end of a marketed range, in a sign of investor caution for one of London’s largest listings this year. Princes’ shares rose 1% at the start of trading before reversing course …
Princes Group makes subdued start to trading in London IPO Read More »
(Reuters) -LyondellBasell Industries said on Friday it is on track to achieve $1.1 billion in cost savings by 2026, as improving demand and a tight lid on costs helped the chemicals maker beat quarterly profit estimates and signal a steady recovery. The company’s shares rose nearly 4% in premarket trading as the better-than-expected results eased …
LyondellBasell profit tops forecasts as cost cuts, demand recovery boost outlook Read More »
