By Joel Jose (Reuters) -Brokerages are largely bullish on buy-now-pay-later (BNPL) lender Klarna as they begin coverage on Monday, though some warn that rising costs could pressure near-term profitability. Shares of the Swedish fintech are up 6.5% in early morning trading. Klarna made its long-awaited U.S. public debut last month at $52 a share, above …
Brokerages back Klarna’s growth story, flag higher costs Read More »
(Reuters) -Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal that gives the chipmaker a financial stake in the world’s most prominent AI company, which is already an important customer. Investments in systems powering AI have surged since OpenAI launched ChatGPT in 2022, …
Factbox-Companies pouring billions to advance AI infrastructure Read More »
BERLIN/LONDON (Reuters) -Private equity firm Carlyle is a front-runner in talks to take over the coatings business of German chemicals maker BASF, a source close to the matter told Reuters on Monday. BASF wants to sell the business in a deal valuing it at roughly 7 billion euros ($8.17 billion), according to the Financial Times, …
Carlyle is front-runner to buy BASF’s coatings business, says source Read More »
By Rodrigo Campos NEW YORK (Reuters) -Emerging market economies have become better at weathering major global economic shocks thanks to their credible inflation targeting, improved foreign exchange regimes and strong fiscal guardrails, a study by the International Monetary Fund showed. External shocks such as the fallout of COVID-19 from 2020 or Russia’s full-scale invasion of …
Better policies, deeper markets help emerging economies weather shocks, says IMF Read More »
DUBAI (Reuters) -Blackstone and Abu Dhabi’s Lunate plan to set up a platform that will target investments in logistics assets in the Gulf region worth $5 billion, the two alternative investment managers said in a statement on Monday. Under a strategic partnership, the GLIDE platform will target “high-quality warehouse assets”, targeting mainly greenfield developments and …
Blackstone, Abu Dhabi’s Lunate team up to invest $5 billion in Gulf logistics Read More »
By Giancarlo Navach MILAN (Reuters) -RBRItalian furniture maker Natuzzi expects its U.S. revenues to undershoot its target by around 20% and come in at 85–90 million euros in 2025 due to a 15% tariff imposed by the Trump administration on furniture imports, and a weaker dollar. “The U.S. market was and remains fundamental for us, …
Italy’s Natuzzi sees 2025 US revenues 20% below target amid tariff impact, weak dollar Read More »
By Mateusz Rabiega (Reuters) -Saint-Gobain plans to spend around 12 billion euros ($14 billion) to grow its business through organic investments and acquisitions under its 2026-2030 strategy, while earmarking roughly 8 billion euros for shareholder returns, the French construction group said on Monday. The company will focus on growing its construction chemicals segment, as well …
Saint-Gobain plans to funnel $14 billion into investments, acquisitions by 2030 Read More »
(Reuters) -Tesla’s sales volume in Germany fell by 9.4% in September, the German road traffic agency KBA said on Monday, although overall sales of battery electric vehicles rose by 31.9% year on year. Registrations of new Tesla cars had risen in parts of Europe in September, lifted by its updated Model Y. But the U.S. …
Tesla’s German car sales fall in September though wider EV sales jump Read More »
ROME (Reuters) -Italy’s ITA Airways will extend the suspension of flights to and from Tel Aviv until the end of the year, it said on Monday. The decision also concerns two flights scheduled for New Year’s Day 2026, the company, part of the Lufthansa group, said in a statement. Israel’s two-year-old war on Gaza, triggered …
ITA Airways extends Tel Aviv flight suspension until end of year Read More »
(Reuters) -Ares Management said on Monday that a fund managed by its Infrastructure Opportunities unit has acquired a 49% stake in a diversified U.S. renewable energy platform from EDP Renovaveis (EDPR), valuing the business at about $2.9 billion. The deal brings the total capacity owned by Ares Infrastructure Opportunities funds to roughly 5.7 gigawatts across …
Ares Management buys stake in EDPR assets in about $2.9 billion deal Read More »
