(Reuters) -Mars, the maker of M&M’s and Skittles, said on Thursday it will invest 1 billion euros ($1.18 billion) in its European Union operations by the end of 2026 to boost manufacturing, sustainability and innovation pipeline in the region. The new investment builds on more than 1.5 billion euros that the candy maker has already …
Candy maker Mars plans $1.2 billion investment to boost EU operations Read More »
ZURICH (Reuters) -The world’s top chocolatier Barry Callebaut must reduce its debt and is working to achieve this, CEO Peter Feld was quoted as saying in an interview published on Thursday. Barry Callebaut in July cut its volume guidance for the third time this year as high cocoa prices and uncertainty over U.S. tariffs prompted …
FRANKFURT (Reuters) -Permits to build apartments in Germany rose 30% in July from a year earlier, statistics office data showed on Thursday, as the nation’s troubled property industry shows signs of stabilisation. The level in July a year earlier was the lowest for that month since 2009. (Reporting by Tom SimsEditing by Ludwig Burger)
By Libby George LONDON (Reuters) – Lebanon’s defaulted government bonds have nearly quadrupled in price over the past year as investors bet on signs of economic recovery but a wild variance in estimates of their likely worth after a restructuring could restrain any further rally. A “recovery value” for the bonds will not become clearer …
Analysis-Lebanon’s distressed debt soars to shaky new heights Read More »
By Rene Wagner and Miranda Murray BERLIN (Reuters) -The United States relies more heavily on imports from the European Union than commonly assumed, with the bloc surpassing China in both total value and the number of goods, according to a study from Germany’s IW economic institute. That dependence has grown significantly over the past 15 …
US import dependence on EU on the rise, outpacing China, study finds Read More »
By Valentina Consiglio ROME (Reuters) -Italy is likely to get a ratings boost from Fitch on Friday when the agency reviews the creditworthiness of the euro zone’s third largest economy, analysts say, reflecting the country’s political stability and improving public finances. Fitch raised the outlook on Italy’s BBB evaluation to positive a year ago, and …
Italy seen in line for Fitch upgrade as fiscal outlook improves Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter: As Vladimir Lenin had it, just as there are decades where nothing happens, there are weeks where decades happen. The same is broadly true in central banking, with this one towards the busier end of the spectrum. Markets are digesting …
Morning Bid: There are Fed weeks where decades happen Read More »
By Helen Reid LONDON (Reuters) -Burberry’s turnaround drive, which has tapped Oscar winner Olivia Colman and Oasis frontman Liam Gallagher to champion its British heritage and classic trench coats, faces a fresh test on Monday when it unveils its latest designs at London Fashion Week. CEO Joshua Schulman, an American, has overhauled Burberry’s marketing to …
Burberry to test revival on London Fashion Week runway Read More »
DUBLIN (Reuters) -Ireland’s central bank on Thursday said it had revised its forecast for domestic economic growth for 2025 upwards to 2.9% from 2.0%, boosted by government spending and new data that showed strong levels of investment and consumer activity. The central bank had cut its estimate for 2025 modified domestic demand (MDD) – its …
Irish economy resilient but challenges loom, central bank warns Read More »
By David Milliken LONDON (Reuters) -The Bank of England looks set to slow on Thursday the 100 billion-pound-a-year pace at which it reduces its government bond holdings following increased volatility in bond markets, while keeping its main interest rate on hold. Although the BoE views the pace of quantitative tightening as having little impact on …
Bank of England poised to slow quantitative tightening, leave rates unchanged Read More »
