By Tassilo Hummel PARIS (Reuters) – Short sellers have made their biggest bets in more than a decade against Kering, data reviewed by Reuters shows, adding to the pressure on incoming CEO Luca de Meo to restore confidence in the French luxury group’s finances. Francois-Henri Pinault’s decision in June to step aside so the company …
Analysis-Short sellers’ bets pile pressure on Kering’s incoming CEO Read More »
SANTIAGO (Reuters) -The agreement between Anglo American and Teck brings together assets of “extraordinary value,” the chairman of Chile’s state-run copper producer Codelco, Maximo Pacheco, told Reuters on Tuesday. London-listed miner Anglo American and Canada’s Teck Resources announced their merger earlier on Tuesday, in what would be the biggest mining sector M&A deal in over …
Anglo Teck agreement binds assets of ‘extraordinary value’, says head of Chile’s Codelco Read More »
By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) -Dutch chip-gear maker ASML’s $1.5 billion investment in French artificial intelligence firm Mistral has given a shot in the arm to Europe’s AI ambitions and hopes for more regional tech sovereignty against the dominance of U.S. and Asian rivals. The deal, first reported by Reuters and …
Analysis-ASML-Mistral AI deal boosts Europe tech hopes as Trump rivalry heats up Read More »
By Gianluca Lo Nostro AMSTERDAM (Reuters) – Dutch chip equipment maker ASML has invested 1.3 billion euros ($1.5 billion) to become the biggest investor in French artificial intelligence startup Mistral AI in a significant boost to Europe’s AI ambitions. Mistral AI raised a total of 1.7 billion euros ($2 billion) in its latest funding round, …
ASML becomes biggest Mistral investor in boost to Europe’s AI ambitions Read More »
MILAN (Reuters) -Monte dei Paschi di Siena (MPS) has secured control of Mediobanca, with a 16 billion euro ($19 billion) share-and-cash offer. MPS shocked Italian finance in January with the bold move that pitted a bailed-out lender which for a decade epitomised the country’s banking woes against a former powerhouse that used to pull the …
How Monte dei Paschi went from near collapse to buying Mediobanca Read More »
OSLO (Reuters) -Norway’s Finance Minister Jens Stoltenberg said on Tuesday he hopes the country’s $2 trillion sovereign wealth fund, the world’s largest, can maintain its current investment policy in which about half the assets are invested in the U.S. President Donald Trump’s administration said last week it was “very troubled” by the Norwegian fund’s divestment …
Norway says it seeks to keep large US investments despite Caterpillar brawl Read More »
By Sarah Young and Tim Hepher LONDON (Reuters) -Britain’s BAE Systems and U.S. arms giant Lockheed Martin announced a tie-up between their secretive research units to develop a new uncrewed autonomous air system, a rare research partnership in the red-hot drone sector. The pair laid out plans for a “strategic collaboration” between BAE Systems’ Falcon …
Secretive Lockheed, BAE labs team up to study new drone Read More »
LONDON (Reuters) – Shell has signed a 10-year natural gas supply deal with Hungarian state-owned energy company MVM Group, the oil major said on Tuesday, in a move designed to strengthen its presence in central and eastern Europe. Shell, the world’s biggest liquefied natural gas trader, will sell approximately 200 million cubic metres of natural …
Shell inks 10-year gas deal with Hungary’s MVM CEEnergy Read More »
By Ilze Filks and Stine Jacobsen OSLO (Reuters) – Norway should continue to explore for oil and gas and remain a reliable energy supplier to Europe, the country’s newly re-elected Prime Minister Jonas Gahr Stoere said on Tuesday, despite having to rely on the Green Party for support. The minority Labour Party government narrowly won …
Norway must remain a reliable energy supplier, PM says after election win Read More »
By Alistair Smout and David Milliken LONDON (Reuters) – Britain’s finance minister Rachel Reeves said the government should focus on helping the Bank of England lower inflation, as well as boosting growth, ahead of a budget due later in the year which is expected to raise taxes. Reeves last week insisted the economy was not …
UK’s Reeves tells ministers to help Bank of England fight inflation Read More »
