(Reuters) – S&P Global raised Spain’s long-term sovereign credit rating to “A+” from “A” on Friday, citing a private sector driven improvement in the country’s external finances, supported by high savings and robust exports. A decade of private sector deleveraging has strengthened Spain’s external balance sheet, making the economy less vulnerable to sudden external financing …
S&P upgrades Spain’s rating to ‘A+’ from ‘A/A-1’ Read More »
By Leigh Thomas PARIS (Reuters) – Credit rating agency Fitch downgraded France’s sovereign credit score on Friday to the country’s lowest level on record, stripping the euro zone’s second-largest economy of its AA- status as it grapples with political crisis and ballooning debt. The move, bringing Fitch’s score to A+, heaps pressure on Prime Minister …
By Sinéad Carew and Iain Withers NEW YORK/LONDON (Reuters) – MSCI’s global equities index edged higher on Friday, after registering a record close in the prior session, while U.S. Treasury yields rebounded after sliding the day before when expectations climbed for U.S. rate cuts. The University of Michigan’s Surveys of Consumers showed that U.S. consumer …
Global stocks edge up with dollar, bond yields as Fed rate cuts loom Read More »
By Alistair Smout and Maggie Fick LONDON (Reuters) – Britain’s biggest company AstraZeneca has paused a planned 200 million pound ($271.26 million) investment in its Cambridge research site, a spokesperson said, the latest drugmaker to pull back on its business in Britain. The decision on the investment, which had been set to create 1,000 jobs, …
Exclusive-AstraZeneca pauses $270 million investment in Britain Read More »
By Amy-Jo Crowley, Mathieu Rosemain and Tim Hepher LONDON/PARIS/ROME (Reuters) – Europe’s aerospace groups Leonardo, Thales and Airbus have redoubled efforts to combine their satellite businesses into a 10 billion-euro ($11.7 billion), French-headquartered joint venture and are working towards hammering out an initial agreement in coming weeks, sources close to the matter said. Under “Project …
By Elisa Anzolin MILAN (Reuters) – Late designer Giorgio Armani instructed heirs to gradually sell the revolutionary fashion house he created 50 years ago or seek a market listing, his will said, setting off a race to control one of the world’s best-known brands and a major shift for a company highly protective of its …
In surprise twist, Armani’s will sets stage for sale of fashion empire Read More »
By Nora Eckert DETROIT (Reuters) -Stellantis is axing its Ram 1500 electric pickup, citing slow demand for full-size EV trucks, the company said Friday. “As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said. Automakers …
Stellantis stops development on electric Ram 1500 pickup Read More »
By Ateev Bhandari (Reuters) -Ticket reseller StubHub, which delayed its U.S. listing in April amid market volatility, has drawn over 20 times as many orders for its planned initial public offering as there are available shares, a source familiar with the matter said on Friday. The outsized demand for the IPO, which is set to …
Ticket reseller StubHub’s IPO 20 times oversubscribed, source says Read More »
(Reuters) -Eni’s Chief Executive Claudio Descalzi met the U.S. energy and interior secretaries on Friday as Washington pushes to seal energy supply deals that it hopes will strengthen its influence in the region while weakening Russia’s. In a series of meetings on the sidelines of the Gastech conference in Milan, Descalzi hosted U.S. Secretary of …
Eni CEO, US delegation meet to bolster energy ties Read More »
(Reuters) – Tesla board chair Robyn Denholm dismissed concerns that Elon Musk’s political activity had depressed sales at the electric-vehicle maker and said the billionaire was “front and center” at the company after several months at the White House. “What he does from a personal perspective in terms of his political motivations is up to …
Tesla chair says Musk’s political activity ‘up to him,’ dismisses sales concerns Read More »
