(Reuters) – RWE said on Monday that investor Apollo Global Management had agreed to contribute 3.2 billion euros ($3.75 billion) for future power-grid upgrades that arise from its 25.1% stake in German transmission system operator Amprion. Power utility RWE said in a statement that the partners would set up a joint venture to take over …
RWE taps investor Apollo for 3.2 billion euros in grid funding Read More »
MUNICH (Reuters) -Franco-Italian carmaker Stellantis will no longer pursue a target of producing only electric vehicles by 2030, said Jean-Philippe Imparato, head of enlarged Europe, on Monday, adding that other goals in its upcoming strategic plan known as ‘Dare Forward” may remain. Speaking during a roundtable at the Munich car show, Imparato also said that …
Stellantis to scrap target of 100% EVs by 2030, says Europe chief Read More »
LONDON (Reuters) -The pound hovered largely unchanged on Monday, having posted its biggest one-day rally against the dollar in two weeks on Friday, following surprisingly weak U.S. employment data that has cemented expectations for a U.S. rate cut this month. Sterling was last unchanged on the day at $1.3513, having risen by 0.5% on Friday, …
Sterling holds firm against dollar after weak US jobs report Read More »
BERLIN (Reuters) -Investor morale in the euro zone plunged in September to its lowest level since April, a survey showed on Monday, as economic worries returned with full force across the currency bloc. The Sentix index for the euro zone unexpectedly fell to -9.2 in September from -3.7 in August. Analysts polled by Reuters had …
Euro zone investor morale unexpectedly plunges in September Read More »
KYIV (Reuters) -The introduction of a 10% duty on Ukrainian rapeseed and soybean exports has virtually halted Ukrainian exports due to a lack of clear government procedure on the documents needed for shipment, the country’s largest food producers union UAC said on Monday. The Ukrainian parliament passed a bill in July imposing the duty on …
Confusion over documents halts Ukrainian rapeseed, soybeans exports, union says Read More »
(Reuters) -Britain’s Project Glow Topco, the parent company of Beauty Tech Group, said on Monday that it is considering an initial public offering on the main market of the London Stock Exchange. The London stock market has faced challenges through 2025, weighed down by low valuations, a raft of companies seeking listings abroad, and investor …
Beauty Tech’s parent Project Glow Topco considers London IPO Read More »
(Reuters) -UK’s housing and regeneration agency Homes England said on Monday it agreed to a joint venture partnership with homebuilder Vistry to develop community homes, backed by a combined capital investment of 150 million pounds ($202.6 million). Homes England and Vistry’s Countryside Properties will form a new vehicle called Hestia, which will focus on identifying …
UK housing agency partners with homebuilder Vistry for community homes Read More »
By Rashika Singh and Joel Jose (Reuters) – Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its policy meeting this month, double its earlier projection of a 25-bp reduction, following a soft August jobs report. Data on Friday showed U.S. job growth weakened sharply in August and …
StanChart expects Fed to cut rates by 50 bps next week after weak jobs data Read More »
By Andres Gonzalez LONDON (Reuters) -Spanish telecoms group Telefonica is looking to buy telecom assets and free up resources by selling its Spanish-speaking Latin American assets, as CEO Marc Murtra plots a broader vision for Europe’s telco sector. The group is eyeing assets in Germany, the UK, Spain and Brazil, Murtra told Reuters as he …
Telefonica looks to M&A to give European telecoms broader vision Read More »
By Christoph Steitz and Christine Uyanik MUNICH (Reuters) -German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where a brutal pricing war has cost the group market share as local customers increasingly switch to cheaper domestic models. CEO Ola Kaellenius, speaking to Reuters ahead of the IAA auto show …
Mercedes keeps ‘value over volume’ approach in tough Chinese market Read More »
