(Reuters) – German automotive supplier Schaeffler AG said on Monday it has increased its offer price in a voluntary public tender offer for Vitesco Technologies shares. Schaeffler decided to increase the offer price to 94 euros ($102.53) from a previous 91 euros per share, the family-controlled company said in a statement. “The decision was made …
A look at the day ahead in European and global markets from Wayne Cole. Asia started Monday in hesitant fashion and has turned steadily grimmer, although there is no obvious catalyst for the risk-off mood. Most regional share markets are modestly lower, as are Wall Street and European futures. Treasury yields are a few basis …
Marketmind: Markets turn risk-averse after bumper month Read More »
(This story has been refiled with a change to the headline) By Pawel Florkiewicz, Gergely Szakacs and Marc Jones WARSAW/BUDAPEST (Reuters) – The central bank governors of Poland and Hungary are caught up in noisy disputes with opponents over their rate-setting policy, raising new hazards for investors willing to brave central Europe’s bitterly polarised politics. …
Political noise distracts central Europe’s rate-setters Read More »
(Reuters) -Investors are torn over when global interest rates are likely to start falling, which is weighing on the dollar at a seasonally tricky time of year, meaning upcoming inflation data will be more important than ever, while China mulls its growth outlook. World leaders gather in Dubai for a summit on climate change, but …
(Reuters) -Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, the first Monday after the Thanksgiving holiday, is set to be the biggest U.S. online shopping day of the year as …
Shoppers click ‘buy’ as retailers slash prices ahead of Cyber Monday Read More »
FRANKFURT (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne is examining a takeover of Signa Group’s abandoned Elbtower high-rise project in his hometown of Hamburg, Handelsblatt reported. Construction of the skyscraper halted in early November, when Signa stopped paying its builder. Discussions on the takeover by Kuehne are quite advanced, but no decision has been made, …
Germany’s Kuehne examines offer for Signa’s Hamburg skyscraper -report Read More »
AMSTERDAM – Amsterdam’s Schiphol airport said on Sunday it had appointed Pieter van Oord as its new CEO for a four-year period from June 1, 2024. Van Oord, who has managed international maritime contractor Royal Van Oord since 2008, will succeed Ruud Sondag, who has been interim CEO since Nov. 1, 2022 and will remain in office …
Schiphol names Pieter van Oord as new CEO from June 1 Read More »
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s budget crisis has given new momentum to reforming self-imposed borrowing limits even among the opposition conservatives, as hunger for sorely needed investment trumps an earlier political obsession with fiscal rectitude. A constitutional court ruling on Nov. 15 against a budget manoeuvre to get around Germany’s “debt …
Analysis-German budget row prises open debt brake debate Read More »
MOSCOW (Reuters) – Moscow and Ankara are set to reach agreement on the creation of a natural gas hub in Turkey in the nearest future, Russian Deputy Prime Minister Alexander Novak said on Saturday. He said Russia’s Gazprom and Turkey’s Botas were cooperating closely and had been discussing the project road map. “I am sure …
Russia expects to reach agreement on gas hub project with Turkey soon -deputy PM Read More »
FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the letter. In the document, Signa REM Germany informed its employees about the company opening insolvency proceedings. Der Spiegel first reported the court filing at the …
Signa unit confirms bankruptcy filing in letter to employees – Wirtschaftswoche Read More »
