By Nora Eckert and Nathan Gomes (Reuters) -Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, which includes some previously disclosed investments, may help buffer …
Stellantis to invest $13 billion in the United States Read More »
By Gianluca Lo Nostro and Dominique Patton PARIS (Reuters) -Bouygues Telecom, Free-iliad Group and Orange said on Tuesday they had submitted a nonbinding offer to acquire a large part of Altice’s activities in France for a total enterprise value of 17 billion euros ($19.72 billion). Europe’s highly fragmented telecoms sector has been consolidating. The nonbinding …
Bouygues, Iliad, Orange offer $19.7 billion for most of Altice France assets Read More »
By David Milliken WASHINGTON (Reuters) -British finance minister Rachel Reeves wants to promote Britain as a fiscally responsible investment destination at meetings in Washington this week, three years after one of her predecessors was called home early to be sacked due to a market crisis. Britain’s Labour government, elected in July 2024, regularly contrasts itself …
UK finance minister seeks to promote Britain as safe bet in uncertain world Read More »
By David Milliken WASHINGTON (Reuters) -The Bank of England needs to be “very cautious” about future rate cuts as British inflation looks set to remain the highest in the Group of Seven advanced economies this year and next, the International Monetary Fund’s chief economist said on Tuesday. The advice from the IMF’s Pierre-Olivier Gourinchas comes …
IMF says Bank of England should be ‘very cautious’ on future rate cuts Read More »
By Patrick Wingrove (Reuters) -Johnson & Johnson said on Tuesday it plans to separate its orthopedics business into a standalone company within the next 18 to 24 months, marking its second major spinoff in two years as it sharpens focus on higher-growth healthcare segments. J&J also outlined expectations for faster growth into 2026, driven by …
J&J to spin off orthopedics business, sees 2026 sales growth of over 5% Read More »
By Dave Graham, John Revill and Oliver Hirt ZURICH (Reuters) -Writing off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a Swiss court ruled on Tuesday, boosting bondholders’ hopes of recouping losses and raising fresh questions about how authorities handled the bank’s rescue. Swiss market regulator FINMA’s decision in March 2023 …
Swiss court rules $20 billion Credit Suisse bond write-off unlawful Read More »
By Tatiana Bautzer and Pritam Biswas (Reuters) -Citigroup beat estimates for third-quarter profit, which rose as all of its divisions brought in record revenue, despite booking a loss from selling a stake in its Mexico unit. Citigroup CEO Jane Fraser said the earnings reflected the bank’s restructuring in recent years and a positive economic environment, underpinned by …
Citigroup profit climbs on strength across units, despite loss in Mexico sale Read More »
By Giuseppe Fonte, Gavin Jones and Valentina Za ROME/MILAN (Reuters) – Italy will garner resources from its banks and insurers to help fund its 2026-2028 budget, the Treasury said on Tuesday after the cabinet signed off on the draft package. Political sources said the financial sector would be called upon to contribute to state coffers …
Italy approves budget, seeks cash from banks and insurers Read More »
(Reuters) -Netflix said on Tuesday it will add a slate of Spotify’s most popular video podcasts to its service from early 2026, part of a new distribution partnership aimed at broadening the streaming giant’s entertainment lineup and drawing new audiences. The initial lineup will feature shows such as “The Dave Chang Show” and “The Bill …
Spotify video podcasts head to Netflix under new distribution tie-up Read More »
By Robert Harvey LONDON (Reuters) -The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on Tuesday. Rising output from OPEC+ – which groups the Organisation of Petroleum Exporting Countries and allies – as well as from other producers, …
Oil bosses expect market surplus to shrink over time Read More »
