By Oliver Griffin SAO PAULO (Reuters) -Finland’s Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt …
Wartsila bets flexibility key for ethanol power generation in Brazil Read More »
(Reuters) -Major companies across the world are laying out plans to tackle the fallout from the Trump administration’s trade war, highlighting how rapid tariff changes are deepening uncertainty around financial planning. An analysis by Reuters showed the impact stretches into billions of dollars. Sector bellwethers have slashed or withdrawn earnings forecasts, cautioned about rising costs, …
Factbox-How big global companies are dealing with tariff trauma Read More »
By Elvira Pollina MILAN (Reuters) -Poste Italiane has no short term plans to request changes at the helm of Telecom Italia (TIM) after becoming the main investor in the telecoms group, a regulatory filing showed. Poste on May 23 finalised the purchase of an additional 15% of TIM from France’s Vivendi , market regulator Consob …
Poste Italiane not promoting changes at the helm of Telecom Italia Read More »
By Francesca Landini MILAN (Reuters) -Italian utility Edison is confident of a positive outcome in an arbitration involving U.S. liquefied natural gas supplier Venture Global, which is expected by the end of the year, its chief executive said on Thursday. Edison is one of several European energy companies, including Shell, BP and Galp, that have …
Edison confident of positive outcome in Venture Global LNG arbitration Read More »
(Reuters) -British equities were mixed on Thursday, as losses in utilities offset positive sentiments on a U.S. court’s decision to block President Donald Trump’s proposed tariffs. The blue-chip FTSE 100 fell 0.1%, while the domestically focussed FTSE 250 rose 0.3%. On Wednesday, the U.S. Court of International Trade ruled that Trump overstepped his authority by …
British blue chips fall despite Trump tariff ruling Read More »
MILAN (Reuters) -Alfa Romeo is set to postpone the launch of the new version of its Stelvio large SUV as it reassesses its strategies amid tepid demand for electric vehicles, two sources told Reuters on Thursday. The new Stelvio, which is due to be produced in Cassino, central Italy, will not start deliveries before September …
Alfa Romeo could postpone launch of new Stelvio SUV, sources say Read More »
DUBLIN (Reuters) -Ryanair Chief Executive Michael O’Leary on Thursday hit a share-price target that could earn him over 100 million euros, a payout he told investors earlier this month would be good value compared to the salaries of football stars. The share price of Europe’s largest low-cost carrier on Thursday closed above 21 euros for …
Ryanair CEO O’Leary hits share-price target that could earn him 100 million euros Read More »
EVIA, Greece (Reuters) -Uncertainty over tariffs will not stall Holcim’s plans to expand into the United States, the chief executive officer of the Swiss building materials supplier said on Thursday. A Manhattan-based court ruled on Wednesday that U.S. President Donald Trump overstepped his authority by imposing across-the-board duties on imports from trading partners. The news …
Tariff uncertainty won’t affect Holcim’s US expansion, CEO says Read More »
PARIS (Reuters) -Maria Grazia Chiuri has left her job as creative director of Dior women’s collections, the luxury fashion brand owned by LVMH said on Thursday, with Dior menswear designer Jonathan Anderson widely tipped to take a bigger role. Chiuri’s departure marks the latest change in a big reshuffle of creative directors at top luxury …
Creative director Chiuri leaves Dior, Anderson tipped for wider role Read More »
By Charlie Conchie, Helen Reid and Anousha Sakoui LONDON (Reuters) -This time last year Britain was mounting a charm offensive on online retailer Shein, with ministers saying they had conversations with the seller of $5 t-shirts about the benefits of a London listing. A year later and efforts to win over what looked to be …
London listing advisers shrug off Shein IPO snub Read More »
