By Nick Carey and Gilles Guillaume PARIS, Dec 9 (Reuters) – Renault will jointly develop small, cheaper electric vehicles for Ford for the European market and will also team up to produce commercial vans to cut costs and fend off rising competition from Chinese rivals, the companies said on Tuesday. “We know we’re in a …
Ford to use Renault tech, plants to battle cheap Chinese EVs in Europe Read More »
ROME, Dec 9 (Reuters) – Italy will tell European Central Bank head Christine Lagarde on Tuesday that Rome has no plans to undermine the independence of the country’s central bank by stating that its gold reserves belong to the Italian people, sources said. Economy Minister Giancarlo Giorgetti intends to send a letter to Lagarde to …
Italy to reassure ECB’s Lagarde over ownership of central bank gold Read More »
By James Davey LONDON, Dec 9 (Reuters) – British grocery inflation held steady at 4.7% in the four weeks to November 30, industry data showed on Tuesday, keeping the pressure on households who are facing higher bills as they head into the Christmas holiday period. The figure from Worldpanel by Numerator (formerly Kantar) provided an …
UK grocery inflation steady at 4.7%, keeps pressure on households, says Worldpanel Read More »
Dec 9 (Reuters) – British American Tobacco said on Tuesday it expects its 2026 results to scrape the lower end of its mid-term targets as pressure from regulation and competition in the U.S. vape market erode strong growth elsewhere in its portfolio. Shares of the company sank more than 4% in morning trading, after earlier …
BAT forecasts low 2026 growth as vape competition, regulation weigh Read More »
(Fixes paragraph 3 to remove repetition) By Phoebe Seers LONDON, Dec 8 (Reuters) – Britain’s financial regulator unveiled a package of reforms on Monday aimed at encouraging retail investors to buy more shares and bonds, setting out one of its clearest statements yet on the direction of post-Brexit investment regulation in the UK. The Financial …
Britain’s watchdog sets out retail investment reforms in post-Brexit shift Read More »
By Nell Mackenzie ABU DHABI, Dec 9 (Reuters) – Hedge fund Balyasny Asset Management’s managing partner said on Tuesday that the largest tail risk for the year ahead is if artificial intelligence surprises on the upside or the downside. Dmitry Balyasny, managing partner and the firm’s CIO, said if there was a fall-off in demand …
Hedge fund managing partner Dmitry Balyasny taps AI as largest tail risk for 2026 Read More »
PARIS, Dec 9 (Reuters) – Shipping group CMA CGM is seeking to raise around 325 million euros ($378.3 million) by issuing a three-year bond, which it will be able to reimburse with its shares in Air France-KLM, CMA CGM said on Tuesday. CMA CGM will also have the possibility of repaying the bond in cash, …
CMA CGM plans bond reimbursable with Air France-KLM stake Read More »
Dec 9 (Reuters) – British construction equipment rental firm Ashtead missed analyst expectations for half-year adjusted pretax profit on Tuesday, pressured by high costs from internal repairs and lower hurricane activity in the second quarter. The second-largest U.S. equipment rental firm kept its 2025 outlook and announced plans for a $1.5 billion share buyback programme, …
Ashtead misses profit view on high costs and low hurricane activity Read More »
BERLIN, Dec 9 (Reuters) – Two-thirds of German engineering companies expect a revenue knock due to U.S. tariffs, with almost half estimating such a revenue hit at more than 10%, according to a survey by the VDMA sector lobby. According to the survey of nearly 400 member companies, almost half (47%) reported a decline in …
Two-thirds of German engineering firms expect tariff hit, lobby finds Read More »
By Utkarsh Shetti and Tala Ramadan ABU DHABI, Dec 9 (Reuters) – Blackstone CEO Stephen Schwarzman said on Tuesday that he did not share market concerns over private credit relating to recent bankruptcies in the autos sector. “There were several bankruptcies that were popularized in October … and they were blamed on private credit,” Schwarzman …
Blackstone’s Schwarzman plays down private credit concerns over bankruptcies Read More »
