ROME (Reuters) -Italy is working on ways to involve pension funds and insurance companies into high-impact projects as part of efforts to prevent domestic savings from flowing abroad, Economy Minister Giancarlo Giorgetti said on Tuesday. (Reporting by Giuseppe Fonte; Editing by Crispian Balmer)
By Ludwig Burger and Bhanvi Satija FRANKFURT (Reuters) -Novartis’ blockbuster heart treatment Entresto saw sales growth stall in the third quarter, dragging the Swiss company’s shares lower, as its top-selling drug comes under pressure from cheaper generics in the key U.S. market. The drugmaker, on a deal spree to boost its pipeline, posted quarterly earnings …
Novartis shares fall as generics dent blockbuster heart drug Read More »
(In a story published on October 21, corrects paragraph 6 to say Q3 revenue is expected to rise 0.2%, not 0.4%) By Javi West Larrañaga and Marleen Kaesebier (Reuters) -The outlook for European corporate health has slightly worsened, the latest earnings forecasts showed on Tuesday. European companies are expected to report an increase of 0.2% …
European third-quarter corporate outlook worsens slightly (Oct. 21) Read More »
(Reuters) -Apple suppliers Skyworks Solutions and Qorvo said on Tuesday that the chip firms will merge in a cash-and-stock deal that values the combined company at about $22 billion. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
By Bhanvi Satija LONDON (Reuters) -Swiss drugmaker Novartis is exploring options to add more medicines to its direct-to-patient platform that is expected to launch in the U.S. on November 1, CEO Vas Narasimhan told Reuters in an interview on Tuesday. “We’re certainly looking to see if we can add other medicines to the platform,” Narasimhan …
Novartis could expand direct-to-patient sales in US, CEO says Read More »
(Reuters) -Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND CAR PARTS MAKERS * BOSCH: The German home appliance manufacturer will cut 13,000 jobs as it battles sluggish demand, high costs and pressure from …
Factbox-European companies cut jobs in response to slowing economy Read More »
By Indradip Ghosh BENGALURU (Reuters) -The Bank of England will keep interest rates at 4.00% at its November meeting, and a small majority of economists polled by Reuters now expect no further policy easing this year. If correct, that would break a long streak of once-per-quarter 25-basis-point rate cuts, just ahead of a key government …
Bank of England to hold rates this quarter and resume cutting early 2026: Reuters Poll Read More »
ROME (Reuters) -Italian banks should use resources generated by the current favourable period to strengthen their capacity to cope with unfavourable scenarios, the country’s central bank governor Fabio Panetta said on Tuesday. Addressing a financial conference in Rome, Panetta also called on domestic lenders to invest more in innovation, IT security and support economic growth. …
Italy banks should set aside resources for unfavourable scenarios, central bank says Read More »
ROME (Reuters) -The appreciation of the euro is significantly eroding the price competitiveness of European products, the European Central Bank’s governing council member Fabio Panetta said on Tuesday. Addressing a financial conference in Rome, Panetta said falling Chinese exports to U.S. and increasing exports to the EU were confirming the risk of a “broad redirection” …
Euro appreciation significantly eroding EU competitiveness, ECB’s Panetta says Read More »
MOSCOW (Reuters) -Russia’s dominant lender Sberbank said on Tuesday that it expected the 2025 profit to be higher than last year’s earnings. Sberbank intends to maintain its quarter-on-quarter profit growth trend in the fourth quarter of 2025, said the bank’s vice president, Taras Skvortsov. (Reporting by Elena Fabrichnaya)
