(Reuters) – Spain’s cabinet has given American buyout firm Apollo the green light to take over industrial testing company Applus Services without conditions, Apollo’s investment vehicle said on Friday in a filing to stock market regulator CNMV. The decision followed a favourable report by the country’s Foreign Investment Board, Manzana Spain Bidco – which is …
Spain greenlights Apollo’s bid for Applus Services Read More »
By Yoruk Bahceli (Reuters) – Borrowers looking for relief from higher interest rates may be set for disappointment with financial markets indicating rates will stay elevated for years to come. However much they fall in 2024, pricing in money markets highlights a view that the decade of near-zero interest rates prevailing after the great financial …
Higher forever? Markets see few rate cuts after 2024 Read More »
By Khushi Singh and Shubham Batra (Reuters) – Britain’s FTSE 100 advanced on Friday, led by personal goods and auto stocks, with the index heading for its third annual gain bolstered by bets of early rate cuts next year by global central banks. The blue-chip FTSE 100 edged 0.1% higher to log its fifth weekly …
UK’s FTSE 100 gains for third year, but lags global peers Read More »
MILAN (Reuters) – Italy’s government late on Thursday dropped a draft proposal that would have extended until the end of February tax breaks of up to 50% on the wages of sport clubs’ new signings from abroad, drawing criticism from the country’s top soccer league. The measure, which is now due to expire on Dec. …
Italy scraps plans to extend tax breaks for clubs’ foreign signings Read More »
By Sachin Ravikumar LONDON (Reuters) -British house prices fell by 1.8% in the 12 months to December, recording the biggest decline over the course of a year since 2008 during the global financial crisis, mortgage lender Nationwide said on Friday. A Reuters poll of economists had pointed to a drop of 1.4%. In month-on-month terms, …
UK house prices fall in 2023, to stay subdued next year, says Nationwide Read More »
FRANKFURT (Reuters) -Signa Development, a key division of European property company Signa, filed for insolvency on Friday in a Vienna court with debts of around 1.16 billion euros ($1.28 billion), the KSV creditor protection association said. Signa on Thursday had said that the development division, as well as its big business Signa Prime, would be …
Signa Development files for insolvency with $1.3 billion in debts -KSV Read More »
(Reuters) – Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the second month running. The S&P Global Purchasing Managers’ Index (PMI) for manufacturing rose to 54.6 in December from 53.8 in November, moving further above …
Russian factory activity expands at fastest pace in seven years in Dec -PMI Read More »
BEIJING (Reuters) – Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The figure indicates around 9% year-over-year revenue growth from the 642.3 billion yuan reported in 2022. The forecast …
Huawei forecasts 9% revenue growth in 2023 as smartphones surge Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. Suppliers for the likes of IKEA, Home Depot, Amazon and retailers …
Red Sea shipping workarounds add costs, delays for suppliers, retailers Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production. The United States suspended import tariffs of 25% on EU steel and 10% on EU aluminum for two years from January …
Biden extends EU steel, aluminum tariff exemption for 2 years Read More »
