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WASHINGTON (Reuters) -The U.S. Energy Department is considering revoking nearly $1.1 billion awarded in retooling grants to Chrysler-parent Stellantis and General Motors last year by the administration of President Joe Biden, according to a document seen by Reuters. The projects are among a list of $12 billion in awards that could be canceled as the …

US may revoke $1.1 billion in auto plant funding for Stellantis, GM Read More »

(Reuters) -German prosthetics company Ottobock said on Tuesday it plans to raise about 807 million euros ($941.4 million) by pricing its planned initial public offering (IPO) at 66 euros per share. The world’s largest manufacturer of artificial limbs said that it will sell around 12.24 million shares at the upper end of its previously announced …

Prosthetics maker Ottobock plans to raise $941 million in German IPO Read More »

PARIS (Reuters) -EU institutions monitoring political developments in France hope France will be able to deliver a budget in time, European Central Bank President Christine Lagarde said on Tuesday in Paris. France’s deepening political crisis is disrupting the 2026 budget process, raising the likelihood that emergency legislation will be needed to keep the government running …

ECB’s Lagarde says she hopes France will produce a budget in time Read More »

By Stefania Spezzati and Elisa Martinuzzi LONDON (Reuters) -Financial institutions that dominate the $9.6 trillion currency market should hold the necessary liquidity and capital buffers and run enhanced stress tests to prevent disruptions to the financial system, according to an International Monetary Fund report released on Tuesday. “Although stress testing and systemic risk monitoring have …

IMF warns banks and supervisors of liquidity risks in $9.6 trillion FX market Read More »

BERLIN (Reuters) -BMW has cut its 2025 earnings forecast due to slow growth in China and U.S. import tariffs, the luxury automaker said on Tuesday. The German company said it expected a slight decline in group earnings before tax, compared with previous guidance that they would be around the same level as in 2024. It …

Automaker BMW cuts 2025 earnings forecast Read More »