Dec 3 (Reuters) – Glencore said on Wednesday it had eliminated about 1,000 roles as the miner streamlines its industrial operating structure. (Reporting by Yamini Kalia in Bengaluru; Editing by Anil D’Silva)
By Giuseppe Fonte and Francesco Canepa ROME, Dec 3 (Reuters) – The European Central Bank has urged Italy to reconsider a parliamentary amendment asserting that the national central bank’s gold reserves belong to the Italian people, a document published on Wednesday showed. The Bank of Italy, a public institution independent of the government, owns the …
ECB urges Italy to reconsider proposal on central bank’s $300 billion gold Read More »
By Dimitri Rhodes and Tim Hepher Dec 3 (Reuters) – Airbus cut its full-year commercial delivery target by 4% to around 790 jets on Wednesday but maintained its financial goals, sending its shares bouncing higher as the European planemaker cleared the air over its latest industrial setback. The decision to act came a day after …
Airbus cuts delivery target after jet issues but profit outlook held firm Read More »
By Helen Reid and Kirsti Knolle BERLIN, Dec 3 (Reuters) – Hugo Boss shares dropped 11% on Wednesday after it warned that its sales and profit would fall next year, as the struggling German fashion brand embarks on a strategic reset. Days after its top shareholder Frasers withdrew support for its chairman, Hugo Boss slashed …
Hugo Boss stock slides as fashion brand warns on sales, profit Read More »
By Stefano Rebaudo Dec 3 (Reuters) – Sterling rose against the euro after two straight declines on Wednesday as investors weighed diverging rate outlooks with the single currency bloc against expectations of a stronger UK economy. The pound also hit a 5-week high versus a weakening dollar as markets remained focused on the Federal Reserve …
Sterling rises against the euro, hits 5-week high vs dollar Read More »
By John Revill ZURICH, Dec 3 (Reuters) – The Swiss National Bank will stick to its 0% interest policy next week and well into 2026 rather than opting for negative rates, economists said on Wednesday, despite inflation slipping below expectations to the bottom end of the SNB’s target range. Switzerland’s annual inflation rate unexpectedly slowed …
SNB expected to avoid negative rates despite inflation downturn Read More »
LONDON, Dec 3 (Reuters) – Shares in British supermarket group Sainsbury’s were down 4% on Wednesday after Qatar’s sovereign wealth fund moved to offload a further chunk of its stake, ending its near two-decade reign as the largest shareholder. The Qatar Investment Authority said late on Tuesday it planned to sell up to 83.6 million …
Sainsbury’s shares dip after Qatar cuts stake again Read More »
LONDON, Dec 3 (Reuters) – Lufthansa on Wednesday said it will inspect 11 recently delivered aircraft for a possible fuselage panel flaw flagged by manufacturer Airbus earlier this week. “Within the Lufthansa Group, this affects 11 recently delivered aircraft of this type as well as two production aircraft that have been successfully inspected by the …
Lufthansa to inspect 11 recently delivered Airbus aircraft for fuselage flaw Read More »
FRANKFURT, Dec 3 (Reuters) – Germany’s VDIK association of international motor vehicle makers expects new car registrations to increase slightly next year, to about 2.9 million vehicles, provided the government in Berlin goes ahead with planned support for electric vehicles. That would be up from 2.83 million new vehicle registrations in Germany, Europe’s biggest economy, …
German new car registrations to inch up in 2026, says VDIK Read More »
By Foo Yun Chee BRUSSELS, Dec 2 (Reuters) – Irish building materials maker Kingspan sought on Tuesday to counter EU charges of providing misleading information during its proposed bid for Slovenian rival Trimo at a closed-door hearing that could affect whether it gets a fine. The hearing attended by senior competition officials and lawyers at …
Kingspan fights EU antitrust charges of providing misleading data at hearing Read More »
