By John Revill ZURICH (Reuters) -The Swiss government is due to meet this week with pharmaceuticals firms that U.S. President Donald Trump has asked to lower their prices, as Switzerland seeks to negotiate down a new 39% tariff on its exports, two sources have told Reuters. Economy Minister Guy Parmelin and Health Minister Elizabeth Baume-Schneider …
Swiss government to meet pharma firms to discuss US tariffs Read More »
(Reuters) -Piero Landolfi, Tesla’s director of service for the North American market has left the EV maker after nearly nine years, joining an exodus of executives from the company grappling with a drop in sales. Leaving Tesla was hard due to “the first principle thinking and the getting stuff done mentality” at the company, Landolfi …
Tesla’s North American director of service leaves EV maker Read More »
By Nora Eckert LOUISVILLE (Reuters) -Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals. The new midsize four-door pickup will be assembled …
Ford’s new line of affordable EVs to start at about $30,000 Read More »
(Reuters) -Britain’s blue-chip index climbed on Monday, led by financials and consumer-related shares, while investors focused on upcoming economic releases and revived Russia-Ukraine peace efforts. The FTSE 100 gained 0.4%, while the FTSE midcap index was down 0.4%. Financial stocks emerged as the day’s stand out performers, with life insurers’ index reaching its highest level …
FTSE 100 rises as financial stocks gain; Ukraine talks in focus Read More »
(Reuters) -Martin Sorrell’s ad group S4 Capital is in early talks to potentially combine with marketing agency MSQ Partners, it said on Monday, sending its shares as much as 14% higher. S4 Capital, established in 2018 following Sorrell’s exit from rival WPP, said any potential transaction would see it acquire MSQ Partners, a firm majority-owned …
Martin Sorrell’s S4 Capital confirms merger talks with MSQ Partners Read More »
By Sruthi Shankar, Purvi Agarwal and Sukriti Gupta (Reuters) -European shares ticked lower on Monday, as investors refrained from making big bets ahead of an eventful week packed with tariff negotiations and ending with talks between the U.S. and Russia on the war in Ukraine. The pan-European STOXX 600 index closed 0.1% lower, retreating from …
European shares start pivotal week lower, Russia-US summit in focus Read More »
By Arasu Kannagi Basil (Reuters) -U.S. financial software provider MeridianLink said on Monday it would be acquired by investment firm Centerbridge Partners in a $2 billion deal, taking it private roughly four years after its New York debut. Optimism around potential rate cuts and easing economic uncertainty amid progress on trade deals have laid the …
Software firm MeridianLink to go private in $2 billion deal with Centerbridge Read More »
MOSCOW (Reuters) -Austrian lender Raiffeisen Bank International’s Russian subsidiary reported a 17.8% year-on-year increase in first-half profits, the unit said in a results filing. Raiffeisenbank, the subsidiary, reported first-half profit of 83.9 billion roubles ($1.05 billion), up from 71.3 billion roubles a year earlier, according to Russian accounting standards. With Western sanctions over the conflict …
Raiffeisen’s Russian unit reports H1 profit rise to $1.05 billion Read More »
By Jacob Gronholt-Pedersen and Soren Jeppesen COPENHAGEN (Reuters) -Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump’s hostility to wind power. The 60 billion crowns ($9.4 billion) …
Orsted plunges as it seeks $9.4 billion to cope with Trump’s hostility to wind power Read More »
By Matt Tracy (Reuters) -S&P Global has revised its credit outlook for luxury goods group Kering S.A. to negative from stable, the ratings agency said on Monday, after sales of Kering’s Gucci brand and other products declined in the first half of the year. In a report on Kering’s investment grade credit rating, S&P analysts …
S&P Global revises credit outlook for Gucci owner Kering to negative from stable Read More »
