LONDON (Reuters) -British finance minister Jeremy Hunt said on Saturday inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break. Britain’s inflation rate is forecast to fall to about 5% by the …
UK finance minister Hunt says inflation is on track to come down Read More »
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, is planning to ask investors to pay $47 to $51 for each of its shares when it begins marketing its initial public offering (IPO) next week, people familiar with the matter said on Saturday. …
Exclusive: SoftBank’s Arm to ask for $47 to $51 per share in IPO Read More »
FRANKFURT (Reuters) – German companies Schott Pharma and are planning initial public offerings in September as the environment for listings becomes more favourable again, Boersen-Zeitung reported, citing financial sources. German medicine container maker Schott Pharma, a division of Mainz-based glass group Schott, is expected to publish its so-called intention to float (ITF) on Sept. 5 …
Schott Pharma, Renk to announce IPOs in September – Boersen-Zeitung Read More »
CERNOBBIO, Italy (Reuters) – Italy’s Enel expects the solar panels to be produced at a gigafactory it is building in Sicily will be significantly more efficient than current models, helping compete with lower-cost output from China, a senior company executive said on Saturday. The comments at the Cernobbio 2023 conference by Nicola Lanzetta, head of …
Enel sees efficient home-built solar panels helping compete with China Read More »
By Christina Amann MUNICH (Reuters) -BMW’s “Neue Klasse” electric vehicle (EV) range will be at least as profitable as battery-powered cars already being sold by the German luxury carmaker, Chief Executive Oliver Zipse said on Saturday at the IAA car show in Munich. The Neue Klasse, to be launched in 2025, is at the heart …
BMW’s ‘Neue Klasse’ at least as profitable as current EVs – CEO Zipse Read More »
CERNOBBIO, Italy (Reuters) – Italy’s government may accelerate the planned sale of its stake in Monte dei Paschi di Siena (MPS) bank and make a proposal for the operation “in the short term”, the deputy prime minister said on Saturday. Antonio Tajani told reporters the state must not become a banker and said it was …
Italy could accelerate MPS stake sale, says deputy PM Read More »
By Joseph White MUNICH (Reuters) – BMW is once again turning to the “Neue Klasse” brand – this time as an electric vehicle – as the German automaker seeks to replicate past successes to catch up with trailblazer Tesla. During the early 1960s, BMW was a struggling enterprise with an uncertain future, overshadowed by Volkswagen, …
BMW bets on a ‘Neue Klasse’ revival to catch Tesla Read More »
MUNICH (Reuters) – BMW is planning to roll out six models within 24 months based on its upcoming “Neue Klasse” EV-only line that launches mid-decade, its Chief Executive Oliver Zipse said on Saturday in a keynote speech at the IAA auto show in Munich. Production of the Neue Klasse electric vehicle platform is scheduled to …
BMW plans to roll out six ‘Neue Klasse’ models within 2 years – CEO Read More »
By Echo Wang NEW YORK (Reuters) -Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer’s initial public offering, according to people familiar with the matter. Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc have …
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easing and cementing expectations that the Federal Reserve will not raise interest rates this month. The closely watched employment report from the Labor Department on …
US unemployment rate spikes to 3.8%; labor market still has momentum Read More »
