By Stefano Rebaudo (Reuters) -Sterling was set to snap a three-session losing streak against the euro on Monday, as investors paused ahead of a week crowded with central bank policy decisions. Last week’s UK inflation data prompted markets to increase bets on Bank of England rate cuts, while 2-year gilt yields dropped by 7.5 basis …
Sterling snaps three-day falling streak against euro, up vs dollar Read More »
By Johann M Cherian (Reuters) -Investors are increasingly favoring U.S. companies that channel capital toward AI innovation over those offering traditional shareholder payouts such as dividends and buybacks, even as the debate over soaring valuations and an AI bubble rages on. The priority for investors is long-term growth over immediate profits, recognizing that companies neglecting …
Buybacks take backseat as AI drives record US capex spending Read More »
By Clara Denina LONDON (Reuters) -Angola has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana which is also seeking control of the diamond producer. De Beers, one of the world’s leading diamond companies, operates …
Angola bids for majority stake in De Beers, source says Read More »
FRANKFURT (Reuters) -Germany’s VDMA machinery and equipment manufacturers’ lobby said on Monday it welcomed a push by the European Union to reduce the region’s dependence on imports of critical raw materials from China, urging for a particular focus on permanent magnets. In a statement, the association said the entire sector of European small and medium-sized …
German engineering sector calls on EU to secure access to magnets in China Read More »
BERLIN (Reuters) -The trade dispute between China and the Netherlands over Dutch chipmaker Nexperia that is threatening to disrupt production in the automotive sector needs a quick diplomatic solution as industry alone cannot resolve it, a member of Volkswagen’s supervisory board said. Olaf Lies – who is also the premier of Volkswagen’s home state of …
VW’s Lies urges quick diplomatic solution to Nexperia dispute Read More »
(This Oct 25 story has been refiled without any changes to the text.) (Reuters) -The U.S. National Highway Traffic Safety Administration on Saturday said it has opened a probe into about 232,209 Chrysler 2020 model year Jeep Gladiator and Wrangler vehicles sold in the U.S. over concerns that a malfunction of the instrument panel cluster …
US opens probe into more than 232,000 Chrysler vehicles over instrument panel issue Read More »
FRANKFURT (Reuters) -Bank lending to euro zone firms edged down last month but remained near two-year highs, while credit to households expanded at its best pace since early 2023, the European Central Bank said on Monday. Credit growth to businesses eased to 2.9% in September from 3.0% a month earlier while loan growth to households …
Euro zone business credit growth slows but household lending rises Read More »
(Fixes timeframe in last paragraph to “In July”) By Padmanabhan Ananthan and Angela Christy M (Reuters) -Swiss drugmaker Novartis on Sunday said it agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio of treatments for rare muscle disorders. As per the terms …
Novartis to acquire Avidity Biosciences for about $12 billion Read More »
(Reuters) -Shares of Porsche AG gained more than 2% on Monday after the German luxury carmaker reported on Friday an adjusted operating loss that was smaller than the market had feared and confirmed its full-year guidance. The company’s third-quarter adjusted operating result swung to a loss of 967 million euros ($1.1 billion), but analysts from …
Porsche shares rise 3% after narrower than feared operating loss Read More »
By Hugo Lhomedet and Alban Kacher (Reuters) -Exosens said on Monday it would nearly double its planned capacity investment after the French defence technology firm’s nine-month revenue jumped 23%, driven by surging demand for night vision equipment from NATO members. The maker of night vision gear and components for scientific instruments expects to increase its …
Exosens jacks up capacity expansion plans on strong night vision gear demand Read More »
