By Foo Yun Chee BRUSSELS (Reuters) -Anglo American has offered to buy ferronickel from MMG for resale in Europe for up to 10 years to ease EU antitrust concerns about the sale of its nickel business to a unit of the Hong Kong-listed company, a person with direct knowledge of the matter said on Wednesday. …
Anglo American offers remedies seeking EU approval for MMG deal, source says Read More »
SHANGHAI (Reuters) -Engine developer Horse Powertrain is working on vehicle projects with Chinese automakers Leapmotor, Chery and Jianghuai Automobile to tap global markets outside China, an executive said on Wednesday. Horse is a joint venture between Renault and Geely, which each own 45% of the company. Oil producer Saudi Aramco owns the remaining 10%. “We …
(Reuters) -Macquarie Group’s asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%, the Australian investment firm said on Wednesday, as it deepens its presence in UK infrastructure. Macquarie did not disclose the terms of the transaction. London City Airport, located in the UK capital’s financial …
Australia’s Macquarie to lift stake in London City Airport to 75% Read More »
(Corrects name of CMO in second paragraph from Dana to Dara) BERLIN (Reuters) -Ryanair said on Wednesday it will further cut its traffic in Germany this winter, blaming Berlin’s failure to reduce location charges, which are among the highest in Europe. The Irish low-cost airline’s move will result in a loss of 800,000 seats and …
Ryanair cuts German winter traffic, cites failure to lower taxes Read More »
By Maggie Fick and Dan Levine LONDON/SAN FRANCISCO (Reuters) -Drugmaker Novo Nordisk has begun a round of layoffs in its most important market, the United States, with affected staff set to be notified between this week and next, according to an email and two sources familiar with the matter. The time-frame for the layoffs has …
Novo Nordisk begins round of layoffs in United States, sources say Read More »
By Alessandro Parodi PARIS (Reuters) -After winning a major concession on pension reform from Prime Minister Sebastien Lecornu, France’s Socialists on Wednesday set their sights on including a tax on billionaires in the 2026 budget as talks over its passage began in parliament. Lecornu told lawmakers on Wednesday he would propose in November an amendment …
After winning pensions concession, France’s Socialists eye billionaire tax in budget Read More »
By Olesya Astakhova and Vladimir Soldatkin MOSCOW (Reuters) -Collective action within oil producer group OPEC+ is in the interest of both Russia and Saudi Arabia, Russia’s deputy prime minister Alexander Novak told Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman in Moscow on Wednesday, according to a Russian government statement. Saudi Arabia and Russia, the …
OPEC+ is key to strengthening Russia and Saudi interests, Russia says Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Optimism over the profit potential of artificial intelligence has helped drive the U.S. stock market to record highs, but investors are looking for weak spots that could emerge in the AI trade and have identified some risks to watch for. AI has been the dominant theme on Wall Street …
Analysis-Investors on guard for risks that could derail the AI gravy train Read More »
By Giselda Vagnoni ROME (Reuters) -Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central bank’s vast gold reserves track record-high prices. The country’s bullion stockpile reflects decades of determined safeguarding after it rebuilt reserves plundered by …
Italy’s tenacious stance on gold pays off as prices soar Read More »
INNSBRUCK, Austria (Reuters) -An Austrian court found former property billionaire Rene Benko guilty of one count of insolvency-related fraud on Wednesday, his first criminal conviction related to the collapse of his real estate group Signa, but cleared him on a second count. The court in his home city of Innsbruck handed him a sentence of …
Austrian court finds former property tycoon Benko guilty of fraud Read More »
