MILAN (Reuters) -S&P Global will probably stay on hold on Friday in its review of Italy’s credit rating, currently ‘BBB+’ with a stable outlook, as weakening growth prospects offset progress in public finances, analysts said. The euro zone’s third-largest economy last week targeted its budget deficit to fall to 3% of output this year for …
S&P seen unlikely to follow Fitch with Italy ratings boost Read More »
By Anastasia Lyrchikova and Gleb Stolyarov MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia’s biggest industrial companies are putting employees on furlough or cutting staff as the war economy slows, domestic demand stalls and exports dry up. The efforts to reduce labour costs show the strain on Russia’s …
Exclusive-Russia’s industrial titans furlough workers as its war economy stalls Read More »
AMSTERDAM (Reuters) -Rotterdam, Europe’s largest port, faced a growing ship backlog on Thursday as lashers – who secure a vessel’s cargo – continued their strike for higher wages, a port spokesperson said. She added that the usual queue of six to seven ships had doubled to 13. While the increase was still mainly due to …
Lashers’ strike causes growing ship backlog at Rotterdam Port Read More »
(Reuters) -Polestar’s third-quarter vehicle sales jumped, bolstered by resilient demand in the Swedish electric-vehicle maker’s home market of Europe despite a tough macroeconomic backdrop marked by tariffs and cautious consumer spending. U.S.-listed shares of the company were up around 2% in premarket trading. The company sold an estimated 14,192 cars in the third quarter, a …
Polestar’s third-quarter vehicle sales jump on resilient EV demand Read More »
By Hakan Ersen and Charlie Conchie FRANKFURT -German prosthetics firm Ottobock began trading on the Frankfurt Stock Exchange at 72 euros ($83.61) per share on Thursday, exceeding its offer price in the country’s largest initial public offering in more than a year. The world’s leading manufacturer of artificial limbs planned to raise about 808 million …
Ottobock gains on debut after 4.2 billion euro Frankfurt IPO Read More »
By Stefano Rebaudo (Reuters) -Sterling clawed back some losses on Thursday after Bank of England policymaker Catherine Mann suggested rates could stay higher for longer, though the pound remained largely at the mercy of dollar crosses. BoE’s Mann said on Thursday that inflation expectations in Britain remain too high. Traders are fully pricing in a …
Sterling pares losses after comments from BoE’s Mann Read More »
MILAN (Reuters) -Eni has started the environmental approval process to transform its industrial site in Priolo, Sicily, into a biorefinery and a chemical recycling plant for plastics, the Italian energy group said on Thursday. Italy’s energy ministry recently cleared the application to proceed with the project, which will use the area currently occupied by Eni’s …
Eni seeks approval for Sicily biorefinery, recycling plant Read More »
COPENHAGEN (Reuters) -Maersk shares fell on Thursday on expectations a Gaza ceasefire deal could eventually restore container shipping routes through the Red Sea and Suez Canal, easing a capacity crunch that has supported freight rates. Israel and Hamas agreed on Wednesday to the first phase of U.S. President Donald Trump’s plan for Gaza, raising hopes Yemen’s …
Maersk shares hit three-month low on prospect of Gaza deal reopening Red Sea route Read More »
(Reuters) -Tottenham Hotspur’s majority owners ENIC have invested an extra 100 million pounds ($133.87 million) into the club, the Premier League side said on Thursday, as they aim to drive “long-term sporting success”. The capital injection comes a month after Spurs said they received and rejected two preliminary expressions of interest for a possible takeover …
Soccer-Spurs owners inject £100m to boost ‘long-term sporting success’ Read More »
STOCKHOLM (Reuters) -Swedish auto safety gear maker Autoliv said on Thursday it plans to form a joint venture with Chinese electric vehicle electronics group Hangsheng Electric to make safety electronics for the Chinese market. Autoliv said it expects the joint venture, in which it would hold a 40% stake, to be formally established in the …
Autoliv and Hangsheng Electric plan safety electronics JV for Chinese car market Read More »
