By Lewis Krauskopf NEW YORK (Reuters) -A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices. The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an effort …
As markets churn, investors hide in cash despite surging inflation Read More »
BUDAPEST (Reuters) – Hungary on Sunday pledged to meet all of its commitments made to the European Commission to unlock European Union funding after the EU executive proposed suspending some 7.5 billion euros for Hungary over corruption. Development Minister Tibor Navracsics, in charge of negotiations with the EU, said he hoped Hungary’s measures would be …
Hungary to meet all commitments made to unlock EU funds -minister Read More »
FRANKFURT (Reuters) – Tesla is planning to double vehicle sales in Germany in 2022, German weekly Automobilwoche reported, citing a local executive. “Our goal is to double sales each year, which translates into around 80,000 units in 2022,” the executive was quoted as saying. In 2021, Tesla sold 39,714 vehicles in Germany, where the carmaker …
Tesla aims to double vehicle sales in Germany in 2022 – Automobilwoche Read More »
By Stephen Nellis SAN LUIS OBISPO, Calif. (Reuters) – Apple Inc’s iPhone 14 models contain a Qualcomm Inc chip that can talk to satellites, but have additional custom-designed Apple components used in the phone’s biggest new feature, according to an analysis of the phone by iFixit and an Apple statement. Apple released its iPhone 14 …
New iPhones have Qualcomm satellite modem, new Apple radio chips Read More »
By Padraic Halpin and Conor Humphries WEXFORD, Ireland (Reuters) -The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to depress demand that is now increasingly adding to sky high inflation, chief economist Philip Lane said on Saturday. With inflation approaching double digit territory, the ECB delivered …
ECB to inflict pain as it hikes rates into next year, Lane says Read More »
PARIS (Reuters) – France on Saturday denied reports that state-controlled utility EDF had warned Italy it may halt its power exports to the country and reaffirmed its commitment to “solidarity” with its neighbors as Europe grapples with an energy crisis. Italian newspaper La Repubblica reported earlier on Saturday that Italy had received written notification from …
France denies it may halt power exports to Italy Read More »
BUDAPEST (Reuters) -Hungary has extended price caps on fuels and basic foodstuff by three months until the end of the year in a bid to shield households from soaring costs, Prime Minister Viktor Orban’s chief of staff told a briefing on Saturday. Budapest has sharply criticised the European Union for imposing sanctions on Russia over …
Hungary extends energy and food price caps amid soaring inflation Read More »
FRANKFURT (Reuters) – Volkswagen is expected to announce the pricing range for the planned initial public offering of luxury sportscar division Porsche AG on Sunday. Here are key facts about the structure of the planned landmark listing: SHARE CAPITAL – Porsche’s share capital is being split in two: 455.5 million ordinary shares and the same …
Factbox-The structure of the planned Porsche IPO Read More »
MOSCOW (Reuters) -Russian mining giant Nornickel plans to increase the equity holdings of employees and other individuals to collectively comprise 25% of the company, up from 10% now, its largest shareholder Vladimir Potanin told RBC TV. Nornickel, the world’s top palladium and refined nickel producer, was one of the biggest prizes in the post-Soviet carve-up …
Nornickel plans to raise employees’ stake in mining giant, says top shareholder Read More »
By Carolyn Cohn, Danilo Masoni and Simon Jessop LONDON/MILAN (Reuters) -Porsche’s leadership set-up and the limited influence for stock market investors after its IPO are prompting some fund managers – particularly those focussed on governance issues – to think twice about whether to invest in the listing. Volkswagen has said it will list its Porsche …
Porsche poses governance dilemma for investors weighing IPO Read More »
