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By Lewis Krauskopf NEW YORK (Reuters) -Spending updates this week from U.S. megacap companies that are investing massively in artificial intelligence could jolt the AI trade that has been a primary driver of the record-breaking U.S. stocks rally. Capital spending is a crucial component of the AI trade that has propelled equities following the launch …

Analysis-Tech spending plans will test stock market’s AI trade Read More »

BERLIN (Reuters) -More than half of German and European machinery exports to the United States could be hit by new tariffs if Washington expands its list in December, the German Engineering Federation VDMA said on Wednesday, urging the European Union to renegotiate the tariff deal. The federation, which represents 3,600 machinery and plant engineering companies, …

German engineering body warns US tariff expansion could hit over half of machinery exports Read More »

By Jesús Aguado MADRID (Reuters) -Santander expects to meet its higher profit goals in 2025 after third quarter net profit beat forecasts thanks to lending growth in the U.S. and efficiency gains that offset weakness in Brazil. Santander’s Executive Chair Ana Botin has said the bank’s geographical spread – it operates in ten core markets …

Santander beats third quarter forecasts on US growth Read More »

By Jagoda Darlak (Reuters) -Finland’s Outokumpu reported a 60% slump in quarterly core earnings on Wednesday and warned of a further decline in the final quarter of 2025, weighed down by subdued steel demand in Europe and pressure from Asian imports. Shares of the stainless steel maker fell nearly 9% by 1000 GMT. European steelmakers have …

Outokumpu earnings slump, sees further decline in Q4 amid muted steel demand Read More »

FRANKFURT (Reuters) -BASF’s profit slipped in the third quarter, the German chemicals giant said on Wednesday, but it still beat expectations due to higher chemical sales volumes and strong precious metal trading, sending shares higher in early trade. Third-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell 4.8% to 1.54 billion euros ($1.80 …

BASF’s third-quarter profit beats consensus on better volumes, metals trading Read More »

(Reuters) -Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, after last week’s softer-than-expected inflation data and signs of labour market strain. British consumer inflation stood at 3.8% in September, below the central bank’s forecast of 4%, raising prospects for a rate …

Goldman Sachs revises BoE call, forecasts rate cut in November Read More »

By Gianluca Lo Nostro (Reuters) -Dutch payments group Adyen reported better-than-expected quarterly revenue on Wednesday, driven by robust retail transactions that offset concerns over the end of the U.S. tariff exemption for low-value imports. Shares of Adyen surged nearly 10% in early Amsterdam trading, ranking among the top performers on Europe’s benchmark STOXX 600 index. …

Adyen tops revenue estimates despite end of US tariff exemption for low-value packages Read More »