By Antonella Cinelli ROME (Reuters) -Italian industrial output slumped in August by 2.4% from the month before, data showed on Friday, in a renewed sign of weakness for the country’s long-struggling manufacturing sector. A Reuters survey of 13 analysts had pointed to a 0.4% decrease, after a 0.4% month-on-month rise in July. August’s decline extended …
Italy industry output plunges in August as economy struggles Read More »
(Reuters) -Construction company Porr will acquire the Austrian project development business of VAMED and the Austrian thermal spa holdings from Fresenius as Austria’s Strabag withdrew from the deal, the companies said on Friday. Porr said the purchase price was one euro ($1.16). “Additionally the VAMED Group will capitalise the respective companies accordingly in order to …
Porr acquires parts of Fresenius’ VAMED as Strabag pulls out Read More »
By Marc Jones LONDON (Reuters) -Global financial regulators have laid out plans for closer monitoring of artificial intelligence risks as banks and other parts of the financial industry ramp up the use of AI. Banks have been broadly optimistic that AI will make them more productive, but regulators around the world have expressed concerns about …
Global financial watchdogs to ramp up monitoring of AI Read More »
AMSTERDAM (Reuters) -Lashers at the port of Rotterdam will continue their strike for an undefined period of time, labour union FNF said on Friday, after they rejected an offer for a wage increase made by the companies involved. The strike has created a growing backlog of container ships that can’t be loaded or offloaded in …
Rotterdam Port lashers to continue strike for undefined period of time, union says Read More »
(Refiles story to fix corporate RIC in first paragraph. No changes to the text) MILAN (Reuters) -Stellantis’ global vehicle shipments rebounded in the third quarter led by new models and North American demand, the carmaker said on Friday, recovering from a slump over the previous six quarters. The latest figures suggest that measures taken by …
Stellantis shipments rebound as CEO Filosa’s strategy starts to deliver Read More »
Moscow (Reuters) -Oil exports and transit from Russia’s western ports in October are expected to stay close to September’s record levels due to increased refinery activity, according to industry sources and Reuters calculations. Shipments of Urals, Siberian Light, and KEBCO grades from the ports of Primorsk, Ust-Luga and Novorossiysk may fall by around 200,000 barrels …
By Julie Zhu and Liam Mo HONG KONG/BEIJING (Reuters) -Chinese humanoid robot maker AgiBot plans to launch an initial public offering in Hong Kong next year, eyeing a valuation of HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion), sources with knowledge of the matter said. AgiBot’s listing plans, backed by investors such as …
Exclusive-Chinese robot maker AgiBot plans Hong Kong IPO next year, sources say Read More »
FRANKFURT (Reuters) -Only a small minority of euro zone workers fear that U.S. tariffs will jeopardise their jobs but that could still create a drag for an already sluggish economy, European Central Bank researchers wrote in a blog post on Friday. The Trump administration imposed a raft of tariffs on EU imports in July, raising …
US tariffs a drag on EU confidence, jobs, ECB study finds Read More »
By Tom Sims HANAU, Germany (Reuters) -Germany’s savings banks are turning to a leading U.S. financial firm to help customers with international payments, a move aimed at fending off upstart low-cost competitors that has raised concerns over the sovereignty of Europe’s financial services. The banks, or Sparkassen, are teaming up with BNY, formally The Bank …
German banks turn to US financial firm BNY for international money transfers Read More »
PARIS (Reuters) -France’s political uncertainty is costing the country at least 0.2 percentage points of economic growth and risks further sapping business and consumer confidence, central bank chief Francois Villeroy de Galhau said on Friday. While he warned that the markets would be scrutinising the situation, he told RTL radio the economy remained stable. President …
France’s political uncertainty hitting confidence and growth, Villeroy says Read More »
