By Manas Mishra (Reuters) – Danaher Corp on Monday agreed to buy protein consumables manufacturer Abcam Plc in a $5.7 billion all-cash deal including debt, as the medical tools supplier looks to expand its portfolio of products and services. The deal will help Danaher cushion the hit from sluggish demand for some of its products …
Life sciences firm Danaher to buy Abcam in $5.7 billion deal Read More »
BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth. Lending to firms in the 20-nation currency bloc expanded by 2.2% year-on-year after a 3.0% reading a month earlier, while household …
Euro zone lending growth slows further as rate hikes bite Read More »
PARIS (Reuters) – French car maker Renault is looking to list its Ampere electric vehicle business on the stock market in the spring of 2024, CEO Luca de Meo said on Monday. De Meo told BFM TV that Renault was targeting Nov 1 of this year for the unit to be separated from the rest …
Renault looking at spring 2024 IPO for Ampere, CEO says Read More »
PARIS (Reuters) – There are signs of a slowdown in business activity in France and interest rates are also weighing on businesses, Patrick Martin, the head of France’s Medef business lobby group, said on Monday. France’s economic growth was resilient in the second quarter, Martin told France 2 TV, but he added that there were …
Head of France’s Medef business lobby: seeing some signs of business slowdown Read More »
PARIS (Reuters) – Sugar group Tereos has agreed to sell a factory site in northern France to fries maker Agristo following its announcement in March that it would end sugar production there, France’s industry ministry said on Monday. Belgian firm Agristo plans to invest around 350 million euros ($378.4 million) to develop a new factory …
French sugar maker Tereos sells factory site to fries maker Agristo Read More »
By Rachel More BERLIN (Reuters) -Thyssenkrupp Nucera on Monday reported strong growth in sales and operating income in its third quarter but warned that investment in plants for producing green hydrogen could weigh on earnings over the 2022/23 financial year. Reporting its first financial results since a blockbuster market debut in July, the German hydrogen …
Nucera sees Q3 sales almost double, targets further growth Read More »
A look at the day ahead in European and global markets from Wayne Cole Chinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These included halving the stamp duty on stock trading, slowing the pace of new offerings and approving the launch of 37 …
Marketmind: Beijing tries new ways to lift moribund markets Read More »
BERLIN (Reuters) – Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already forecast …
Credit Suisse posted $4 billion loss in 2Q, Sonntagszeitung reports Read More »
By Howard Schneider, Ann Saphir and Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – U.S. economic growth, still racing at a potentially inflationary pace as other key parts of the world slow, could pose global risks if it forces Federal Reserve officials to raise interest rates higher than currently expected. The Fed’s aggressive rate increases last …
Analysis-U.S. growth, a puzzle to policymakers, could pose global risks Read More »
JACKSON HOLE, Wyoming (Reuters) -Interest rates in Britain might have to stay high “for some time yet,” Bank of England Deputy Governor Ben Broadbent said on Saturday, as the central bank seeks to curb the highest inflation rate among the world’s big rich economies. Broadbent said in a speech that the knock-on effects of the …
BoE’s Broadbent: Rates may have to stay high ‘for some time yet’ Read More »
