Reuters UK Business Archives - Page 558 of 3179

Binance teams up with BBVA to let customers keep assets off exchange, FT reports

8 Aug 2025 8 Aug 2025

MADRID (Reuters) -Binance is working with Spanish bank BBVA to allow customers to hold their assets off the cryptocurrency exchange, Financial Times reported on Friday. The Spanish bank is working as one of only a small number of independent custodians for the world’s biggest crypto exchange, the report added, citing two people familiar with the …

Binance teams up with BBVA to let customers keep assets off exchange, FT reports Read More »

Romania proposes pension reforms as it moves to join OECD

8 Aug 2025 8 Aug 2025

BUCHAREST (Reuters) -Romanians will be limited to withdrawing a quarter of their private pension funds upon retirement and will receive the rest in monthly payments under a draft reform of the system unveiled on Friday that aims to boost the country’s OECD candidacy. The EU member state overhauled its communist-era pension system in 2008, making …

Romania proposes pension reforms as it moves to join OECD Read More »

Rolls-Royce nears deal to offload $5.37 billion of UK pension liabilities, Bloomberg News reports

8 Aug 2025 8 Aug 2025

(Reuters) -UK’s Rolls-Royce is close to announcing a deal with insurer Pension Insurance Corporation (PIC) to offload almost 4 billion pounds ($5.37 billion) in pension liabilities from the aircraft engine maker’s balance sheet, Bloomberg News reported on Friday. The deal may be announced as soon as this month but talks could still be delayed or …

Rolls-Royce nears deal to offload $5.37 billion of UK pension liabilities, Bloomberg News reports Read More »

Investors expectations for Bank of England QT edge lower

8 Aug 2025 8 Aug 2025

LONDON (Reuters) -Investor expectations for Bank of England quantitative tightening in the 12 months from October edged lower to a median 72 billion pounds ($97 billion), down from 75 billion pounds in a survey conducted by the central bank in May. The BoE’s quarterly Market Participants Survey also showed that a much smaller minority of …

Investors expectations for Bank of England QT edge lower Read More »

France expects wine output to rebound from weather-hit 2024 low

8 Aug 2025 8 Aug 2025

PARIS (Reuters) -Wine production in France is set to rebound by at least 10% this year from weather-hit 2024 output, though the recovery will be curbed by the loss of some vines in southwest France under an industry restructuring programme, the farm ministry said. France, which vies with Italy and Spain for the position of …

France expects wine output to rebound from weather-hit 2024 low Read More »

HSBC takes extra space in Canary Wharf due to HQ squeeze

8 Aug 2025 8 Aug 2025

By Iain Withers LONDON (Reuters) -HSBC has signed a lease to take extra space in Canary Wharf before shifting its global headquarters away from the East London financial district, according to a company memo seen by Reuters, owing to a shortage of space at its planned new base in the central City of London area. …

HSBC takes extra space in Canary Wharf due to HQ squeeze Read More »

Italy approves nearly $700 million in new subsidies for EVs

8 Aug 2025 8 Aug 2025

ROME (Reuters) -Italy has approved new subsidies worth almost 600 million euros ($698 million) for the purchase of electric vehicles as sales lag, the environment and energy ministry said on Friday. The ministry will offer up to 10,000 euros to individuals and up to 20,000 euros to small firms, covering up to 30% of the …

Italy approves nearly $700 million in new subsidies for EVs Read More »

Thyssenkrupp targets TKMS listing in mid-October

8 Aug 2025 8 Aug 2025

FRANKFURT (Reuters) -Thyssenkrupp expects the spin-off and separate listing of its defence division TKMS to become effective in mid-October, board member Volkmar Dinstuhl told the group’s extraordinary general meeting on Friday. Dinstuhl said the spin-off prospectus was expected to be approved by financial watchdog BaFin in early October, adding the TKMS spin-off would take effect …

Thyssenkrupp targets TKMS listing in mid-October Read More »

NN Group to consider further return of capital at end of year

8 Aug 2025 8 Aug 2025

By Jakob Van Calster and Mateusz Rabiega (Reuters) – Dutch insurer and asset manager NN Group on Friday reported first half earnings which beat market expectations and said it would consider returning further excess capital to shareholders at the end of its fiscal year. In a press release on Friday, NN said that its results …

NN Group to consider further return of capital at end of year Read More »

EnBW calls for reliable regulation as core profit drops 7%

8 Aug 2025 8 Aug 2025

FRANKFURT (Reuters) -EnBW posted a 7% drop in first-half core profit on Friday, and confirmed an ambitious 50 billion euro ($58.21 billion) investment push that the German utility said depended on favourable regulatory conditions in its home market. “For the continued sustainable transformation of the energy system, we need a clear and reliable policy framework,” …

EnBW calls for reliable regulation as core profit drops 7% Read More »