By Sam Tobin and Tim Hepher LONDON (Reuters) – Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court. Matthew Reeve, a lawyer for CFM and its co-owners …
UK firm sold thousands of unverified jet engine parts – CFM Read More »
By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with another rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected. As they did in June, Fed policymakers at the median still see the …
Fed leaves interest rates unchanged, sees tighter policy through next year Read More »
(Reuters) – D.R. Horton on Wednesday named its co-Chief Operating Officer Paul Romanowski as the successor of David Auld as chief executive. The transition, effective Oct. 1, comes as Auld, the company’s president and chief executive officer since 2014, becomes the executive vice chair of the U.S. homebuilder. Romanowski was named as D.R. Horton’s co-COO …
Homebuilder DR Horton names insider Paul Romanowski as its chief executive Read More »
By Sachin Ravikumar and Nick Carey LONDON (Reuters) -Carmakers, which have invested billions on electric vehicles, slammed Britain’s move to delay a 2030 ban on the sale of new petrol and diesel cars, saying it would disrupt supply chains and slow the transition to greener cars. Following weeks of speculation over the key net zero …
Auto industry slams Britain’s petrol car ban delay and confusion Read More »
ROME (Reuters) -Italy’s antitrust agency opened an investigation on Wednesday into low-cost carrier Ryanair “for possible abuse of a dominant (market) position”, the latest regulatory challenge in Italy for Europe’s largest airline. Ryanair, which has expanded to become the largest carrier in Italy, is already in a dispute with the Italian government which is trying …
Facing fares row, Ryanair hit by new antitrust probe in Italy Read More »
By Rodrigo Campos and Lucinda Elliott NEW YORK (Reuters) – Bolivia is open to tie-ups with European and other global companies for lithium exploration and extraction provided they adhere to the country’s conditions, president Luis Arce said on Wednesday. “We are open to any company that wants to come to Bolivia, but the conditions are …
Bolivia’s Arce open to EU lithium tie-ups to rev battery metal output Read More »
By Bansari Mayur Kamdar (Reuters) -Popular investor Cathie Wood is entering the European market with the acquisition of Rize ETF, but some investors are skeptical about the one-time pandemic darling’s foray into the region’s nascent ETF market. Wood’s ARK Invest acquired Rize ETF, a provider of thematic and sustainable investing, from British asset and wealth …
Cathie Wood’s ARK lands on European shores with Rize ETF acquisition Read More »
By Curtis Williams and Marwa Rashad HOUSTON (Reuters) – Spain’s Repsol SA has asked an international tribunal to require U.S. gas exporter Venture Global LNG to fulfill its contract for liquefied natural gas or compensate it, according to two people familiar with the matter. It is the fourth European customer to pursue an arbitration case …
Exclusive-Repsol challenges Venture Global LNG over failure to supply gas Read More »
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has disappointed customers with problems at its Postbank unit and is devoting additional resources to quickly regain trust, the lender’s CEO said on Wednesday. The comments by Christian Sewing, Germany’s top banker, come after its financial regulator termed as “unacceptable” the disruptions experienced in Postbank’s online offerings, the …
Deutsche Bank promises new steps to rectify Postbank’s service complaints Read More »
(Reuters) – Oxford Biomedica’s shares jumped as much as 16% on Wednesday after the British cell and gene therapy company said it would break even earlier than expected and that it was in exclusive talks to buy viral vector manufacturing firm ABL Europe. The stock was nearly 14% higher at 278 pence by 0908 GMT, …
Oxford Biomedica stock soars on rosy forecast, talks to buy ABL Europe Read More »
