A look at the day ahead in European and global markets from Rocky Swift With a U.S. government shutdown and the imposition of sweeping tariffs looming, President Donald Trump knew just what markets needed. More tariffs. In what’s becoming a regular ritual, Asian markets were the first to digest overnight announcements from the White House …
By Mike Colias DETROIT (Reuters) -Ford and General Motors are racing to sign up car dealers for programs that would effectively extend the use of a $7,500 U.S. tax credit on leases of electric vehicles beyond the Tuesday expiration of the federal subsidy, according to dealers and documents. Each company in recent days has rolled …
Exclusive-Ford, GM launch programs to extend use of $7,500 EV lease credit Read More »
(Reuters) -Liontown Resources said on Tuesday that it has agreed with Tesla to make changes to the pricing mechanism in their long-term offtake agreement. The pricing changes come as the lithium miner looks to move away from lithium hydroxide indices to spodumene concentrate, part of its bigger goal to be exposed to a “basket” of …
Australia’s Liontown Resources to revise Tesla offtake deal pricing, in talks with Ford Read More »
LONDON (Reuters) -Prices at British retailers rose at the fastest pace since February 2024 this month as food costs continued to increase rapidly and a decline for non-food items appeared close to an end, industry data showed on Tuesday. Overall shop prices in September were 1.4% higher than a year earlier, up from a 0.9% …
UK shop prices rise at fastest pace since February 2024 Read More »
(Reuters) -AbbVie said on Monday it would launch its ovarian cancer drug Elahere in the UK at a list price matching that in the U.S. President Donald Trump has been demanding that drugmakers align domestic prices with the lowest levels paid by comparable high-income countries under the “most-favored-nation” policy. The U.S. pays nearly three times …
AbbVie to launch ovarian cancer drug in UK at US price Read More »
(Reuters) -Carmat now deemed it “extremely probable” a French court would conclude its liquidation after a takeover bid by the company’s chairman fell through as he failed to secure funding, it said on Monday. WHY IT’S IMPORTANT The collapse of the French company would mark the end of one of the bigger companies worldwide that …
Carmat says imminent liquidation now ‘extremely probable’ Read More »
By Giuseppe Fonte ROME (Reuters) -Italy sees this year’s budget deficit at around 3% of national output (GDP) or slightly below, people familiar with the matter told Reuters on Monday, as the government finalises its new multi-year budget plan to be unveiled this week. Rome in April had estimated a deficit of 3.3% of GDP …
Italy sees 2025 deficit at around 3% of GDP, in line with EU rules Read More »
By Yadarisa Shabong (Reuters) -GSK’s CEO Emma Walmsley will step down at the end of the year and be replaced by insider Luke Miels, the drugmaker said on Monday, a surprise switch as the British firm looks to rev up its pipeline and navigate U.S. trade tariff uncertainty. The move caps Walmsley’s over eight years …
GSK CEO Walmsley to exit as insider Miels tapped to rev up pipeline Read More »
By Zaheer Kachwala (Reuters) -Videogame developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that values the maker of “Battlefield” and “Madden NFL” at $55 billion, which if completed would be the largest leveraged buyout in history. Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners and …
‘Battlefield’ maker Electronic Arts to go private in record-setting $55 billion LBO Read More »
By America Hernandez (Reuters) -TotalEnergies’ plan to cut annual capital spending by $1 billion and sell more power assets failed to ease market concerns over its recent rise in debt, with shares falling 2% after CEO Patrick Pouyanne hosted an investor day on Monday. The capex cut, to $15–17 billion a year for 2027 to …
TotalEnergies’ capex cuts fail to ease investor debt concerns Read More »
