(Reuters) -Spanish engineering firm Sacyr has agreed to sell its stake in three toll roads in different regions of Colombia for $1.6 billion, the company said on Tuesday, as it raises cash to expand in the United States. Infrastructure fund Actis will take over the assets in Colombia, Sacyr said in a filing to the …
By Maria Martinez BERLIN (Reuters) -Rudolf Kiessling would like to retire after years spent building his heating, ventilation, and air conditioning business. But he faces a challenge common to many German company bosses: finding someone to take over. The 62-year-old is among thousands of owners of small and medium-sized enterprises (SMEs) – some 99% of …
Germany’s retiring Mittelstand owners struggle to find successors Read More »
PARIS (Reuters) -The European Central Bank stands ready to react as necessary to the flow of economic data in the face of currently high uncertainty, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB cut rates for the eighth time last Thursday and signalled that it may now pause after its fastest policy …
ECB will be as “agile” as needed in line with data flow- Villeroy Read More »
(Reuters) -Belgium’s Proximus and France’s Thales have won a major NATO contract to modernise the alliance’s IT infrastructure, the two companies said on Tuesday. The Belgian telecoms provider and the French defence group have been selected by the NATO Communications and Information Agency to manage and operate its core network until the end of 2029, …
Proximus, Thales win contract to modernise NATO IT infrastructure Read More »
HELSINKI (Reuters) -Truckmaker Volvo’s Construction Equipment unit will expand its crawler excavator production in Asia, Europe and the United States to reduce dependence on long-distance exports, the Swedish company said on Monday. Volvo CE will invest some 2.5 billion Swedish crowns ($260 million) in South Korea, Sweden and North America to facilitate the expansion, including …
Volvo Construction Equipment to build crawler excavators at regional plants Read More »
PARIS (Reuters) -France must put its finances into order or face the risk of being placed under the supervision of the International Monetary Fund (IMF) or of European institutions, Budget Minister Amelie de Montchalin said on Tuesday. “Today, we need to seize the budgetary weapon again, get our house in order, and put it back …
French budget minister warns of IMF, EU oversight risk Read More »
ZURICH (Reuters) -Swiss biotech firm Molecular Partners said on Tuesday that it plans to reduce its workforce by up to 40 positions, or around 24%, as part of a strategic review to boost operational efficiency and focus on key clinical assets. The company, which develops DARPin protein therapeutics – a new type of engineered protein …
Molecular Partners to cut workforce by a quarter Read More »
A look at the day ahead in European and global markets from Johann M Cherian With precious little to report out of Sino-U.S. trade talks in London, investors are ready to pounce on almost any sign a thaw in the frigid relationship between the two superpowers is just around the corner. Stocks in Asia are …
Morning Bid: Investors itching for progress in US-China talks Read More »
DUBLIN (Reuters) -Booming Irish corporate tax receipts could grow further in 2025 and 2026, even as the threat of potentially damaging tariffs hangs over the volatile source of revenue, the country’s independent fiscal watchdog said on Tuesday. A six-fold jump in corporate tax revenue since 2014 to 28 billion euros last year, or 29% of …
Irish corporate tax set for further short-term boost, fiscal watchdog says Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China’s dominance on the high seas and revive domestic shipbuilding. The revised proposal, unveiled by USTR on Friday, would remove LNG-related penalties for failing to export a percentage of …
USTR eases proposed penalties, fees for non-US LNG tankers, vehicle carriers Read More »
