By Luciana Magalhaes and Alberto Alerigi SAO PAULO (Reuters) -Dutch technology investor Prosus, which controls major firms including the food delivery app iFood, is set to begin trading Brazilian Depositary Receipts (BDRs) on the B3 Stock Exchange on Monday. The company, based in Amsterdam, is primarily owned by South Africa’s Naspers and concentrates on food …
Prosus will offer Brazilians access to tech giants via BDRs Read More »
By Marie Mannes, Alexander Marrow and Vera Dvorakova STOCKHOLM/LONDON/GDANSK (Reuters) -Some of the world’s biggest producers of food, consumer goods and cars delivered stronger-than-expected quarterly results on Thursday, easing investor concerns over the toll of U.S. President Donald Trump’s import tariffs. Ahead of the third-quarter earnings season, global companies had warned of more than $35 …
Early quarterly earnings reveal businesses adapting to Trump’s tariffs Read More »
By Guy Faulconbridge, Alexander Ershov and Vladimir Soldatkin MOSCOW (Reuters) -Russia, the world’s second largest oil exporter, is weighing how to respond to U.S. sanctions on top oil firms Rosneft and Lukoil and the prospect of lower sales to its biggest buyer, India. President Vladimir Putin, who sent troops into Ukraine in 2022, has been …
By Federico Maccioni DUBAI (Reuters) -HSBC said on Thursday it will conduct a strategic review of its Egyptian retail banking business as part of the wider restructuring of its global operations. The Asia-focused bank, which has been scaling back its worldwide operations as part of an overhaul started last year, said in a statement it …
HSBC to review Egypt retail business in global restructuring Read More »
By Raechel Thankam Job (Reuters) -InterContinental Hotels Group flagged persistent weakness in the U.S. market on Thursday, sending shares in the Holiday Inn owner 1.4% lower, despite a marginal third quarter rise in a key revenue metric. IHG said global revenue per available room (RevPAR) rose 0.1% in the quarter ended September 30, compared with …
Holiday Inn owner IHG hit by ongoing US weakness Read More »
LONDON (Reuters) -Higher U.S. tariffs on imports are weighing on growth in Britain and are likely to lead to downward pressures on British inflation over the medium term, Bank of England policymaker Swati Dhingra said on Thursday. “In my view, the primary transmission channel of tariffs to the UK in 2025 come through weaker demand, …
US tariffs to slow UK economy, lower inflation, BoE’s Dhingra says Read More »
LONDON (Reuters) -The pound steadied on Thursday having tumbled the day before after cooler-than-expected British inflation data caused traders to bring forward expectations on Bank of England rate cuts. Versus the dollar, sterling was last down 0.13% on the day at $1.3339 having dropped as low as $1.3307 on Wednesday in the aftermath of the …
Sterling steadies after soft inflation-driven fall Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union should make its removal of tariffs on many products from the United States conditional on concessions from Washington and insert safeguard and sunset clauses into legislation, a senior EU lawmaker said on Thursday. The European Commission’s proposal of a law to remove EU tariffs on U.S. products, part …
EU lawmaker pushes sunset clause, Washington concessions for US tariff deal Read More »
(Reuters) -Italian engineering group Maire reported a nearly 42% jump in its nine-month net profit to 204.8 million euros ($238.8 million) on Thursday, boosted by a timely execution of projects in the Middle East and North Africa. The company booked 5.8 billion euros worth of new orders in the first nine months of the year, …
Italy’s Maire posts 42% profit jump, sees 2025 results at top end of guidance Read More »
-Allegion raised its full-year profit forecast on Thursday, citing robust demand for its premium locks and electronic access systems in non-residential markets, which it expects will offset the impact of tariffs. The Dublin-based lockmaker, which also exceeded third-quarter Wall Street estimates, raised prices on commercial products to counter tariff pressures. Allegion has been actively expanding …
Lockmaker Allegion lifts 2025 profit forecast on strong non-residential demand Read More »
