(Corrects last paragraph to say energy, not materials segment) By Sabrina Valle (Reuters) – Britain’s Johnson Matthey confirmed on Wednesday that it is in advanced discussions over a potential sale of its Catalyst Technologies division, in a deal that could be worth more than $2 billion. The London-based company, founded in 1817, has been exploring …
UK’s Johnson Matthey in talks to sell Catalyst Technologies unit Read More »
By Daina Beth Solomon SANTIAGO (Reuters) -Chile’s state-run mining body ENAMI has tapped Rio Tinto for a 51% share of the Altoandinos lithium project, it said on Thursday, giving the global miner its second major venture in Chile for extraction of the key battery metal. Rio said it would initially contribute $425 million to the …
Rio Tinto wins second major Chile lithium project at Altoandinos Read More »
SAO PAULO (Reuters) -Nestle’s Nescafe plans to invest an additional 500 million reais ($88.7 million) in Brazil by 2028, the coffee brand said on Thursday in a presentation to journalists. The amount comes on top of the 1 billion-real investment the company had announced last year in Latin’s America largest economy. Brazil is the second-largest …
Nestle’s Nescafe to invest additional $89 million in Brazil business Read More »
(Reuters) -Apple plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the iPhone maker’s latest push to diversify its product lineup and boost demand for its artificial intelligence devices. Apple will start producing large quantities of prototypes of the devices at the end of this year with …
Apple plans smart glasses launch in 2026, Bloomberg News reports Read More »
MEXICO CITY (Reuters) -A long-stalled free trade agreement between the European Union and Mexico could be signed by the end of the year, Italian Foreign Minister Antonio Tajani said on Thursday. “Yesterday I spoke with (European Commission President Ursula) von der Leyen and (European Trade Commissioner Maros) Sefcovic about the agreement,” Tajani said. “I think …
EU-Mexico trade deal could be finalized before year-end, Italy’s Tajani says Read More »
(Reuters) -Tinder CEO Faye Iosotaluno said on Thursday that she would step down in July, as the dating app aims to attract more users. Iosotaluno, who has led Tinder since January 2024, oversaw the dating platform’s increased focus on personalization through deeper integration of artificial intelligence into its recommendation system. Tinder parent Match Group’s CEO, …
(Reuters) -Italy’s biggest utility Enel’s shareholders on Thursday approved a buyback plan and the possibility to cancel acquired shares without reducing its capital, opening the way for Italy’s biggest utility to increase its investor reward. Shareholders granted the board the authorisation to acquire up to 500 million shares and spend up to 3.5 billion euros …
Italy’s Enel shareholders approve up to 3.5 billion euro in investor rewards Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal is concerned about over-dependence on Spain in its banking sector and views an acquisition of its fourth-largest lender Novo Banco by a Spanish bank as contrary to the country’s interests, its acting Finance Minister said. According to Spanish media reports, the country’s Caixabank, which owns Portugal’s fifth largest bank …
Spanish bank buying Novo Banco is not in Portugal’s interest, minister says Read More »
MILAN (Reuters) -Italy’s top insurer Generali appointed on Thursday Deloitte Financial Advisory and law firm Advant Ntcm as advisers for the bid launched by merchant bank Mediobanca for the private bank Banca Generali. Mediobanca unveiled a plan to acquire Banca Generali, in which Generali holds a 50.2% stake, in a deal worth 6.3 billion euros …
Generali enlists advisers for Mediobanca’s $7.1 billion bid for Banca Generali Read More »
(Reuters) -Italian asset manager Azimut said on Thursday it had signed a binding agreement with domestic private equity fund FSI to create a fintech bank, spinning off a portion of its financial adviser network into the new entity. The agreement enabled Azimut to update its 2025 net profit guidance, which now stands at 1 billion …
Italy’s Azimut signs binding agreement with FSI to create fintech bank Read More »
