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By Amanda Ferguson BELFAST (Reuters) – A U.S. business delegation dispatched to Northern Ireland by President Joe Biden talked up opportunities created by the region’s bespoke post-Brexit trade arrangements on Thursday, but members acknowledged a political stand-off had sown some doubts. The trade mission, announced by Biden during a visit to Belfast in April, was …

US business delegation probes post-Brexit opportunities in Northern Ireland Read More »

By Yoruk Bahceli and Naomi Rovnick (Reuters) – The European Central Bank steered clear on Thursday of signalling any big policy shifts that could have unsettled investors that are already grappling with a raft of risks from war, oil prices and tighter credit conditions. The ECB paused an unprecedented hiking cycle in which its main …

Analysis-ECB throws markets crumbs of comfort against a turbulent backdrop Read More »

(Reuters) -Air France-KLM announced on Thursday a new financing agreement between one of its affiliate and funds and entities managed by Apollo Global Management in a bid to strengthen its balance sheet. The 1.3 billion euros ($1.37 billion) financing will be accounted as quasi-equity under IFRS accounting standards, the airplane carrier said in a statement. …

Air France-KLM announces a 1.3 billion euros financing agreement with Apollo Read More »

By PierreJohn Felcenloben (Reuters) -French car parts maker Valeo on Thursday reported higher sales in the third quarter and reaffirmed its full-year guidance, supported by auto production in key regions and a strong divisional performance. The company, which focuses on the design and production of components and integrated systems for vehicles, reported a 4% like-for …

France’s Valeo third-quarter sales rise driven by key regions, businesses Read More »

FRANKFURT (Reuters) – Germany’s Covestro, the plastics and chemicals maker that is in talks with suitor Abu Dhabi National Oil Company (ADNOC) over a takeover approach, said on Thursday it had ended a share buyback program ahead of schedule. Covestro, whose buyback of 200 million euros ($210.96 million) falls short of the originally intended 500 …

Germany’s Covestro ends share buyback amid takeover talks with ADNOC Read More »

(Reuters) – U.S. defense contractor RTX Corp and Israel’s Rafael Advanced Defense Systems will build a missile manufacturing facility in East Camden, Arkansas, the companies said on Thursday. The facility will produce Tamir missiles for the Iron Dome weapon system and its U.S. variant, SkyHunter. The joint venture plans to break ground on the new …

RTX, Rafael to build missile facility in Arkansas Read More »

(Reuters) – French tire maker Michelin said on Thursday it intends to wind down tire production at its Ardmore site in Oklahoma in 2025, which will result in the loss of 1,400 jobs. The decision to wind down tire-making operations at Ardmore was made as the plant is not equipped to deliver tires at competitive …

Michelin winds down tire production at Ardmore, cuts 1,400 jobs Read More »