DUESSELDORF, Germany (Reuters) -The CEO of German arms maker Rheinmetall expects a rapid increase in NATO defence spending, he said on Thursday, after meeting with the head of the alliance. During the meeting last week, NATO chief Mark Rutte told him that member nations should increase their defence spending to 3.5% of their respective economic …
Rheinmetall CEO sees rapid increase in NATO countries’ spending Read More »
MUNICH (Reuters) -MFE-MediaForEurope, controlled by Italy’s Berlusconi family, said on Thursday it did not expect to get a majority stake in ProSiebenSat.1, as it announced the start of the acceptance period for its low-ball offer. MFE is the biggest shareholder in the German media company with a 30.14% stake, and its objective is not to …
MFE does not expect to get majority stake in ProSiebenSat.1 with low-ball bid Read More »
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) – Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world’s top economies, and warned a protracted dispute could shrink global volumes this year. However, the Danish group stuck to its full-year …
Maersk warns global container volumes could drop due to trade war Read More »
By Francesca Landini MILAN (Reuters) – Italy’s gas grid group Snam, which recently acquired a stake in Germany’s fuel operator Open Grid Europe, reported on an 8% annual rise in its first-quarter adjusted core profit on Thursday. Adjusted earnings before interest, taxes, depreciation and amortisation came in at 761 million euros ($859 million) in the …
Snam posts rise in first quarter core profit, confident on Italy’s gas storage Read More »
(Reuters) -Italian asset manager Azimut Holding reported on Thursday a 1.5% year-on-year drop in first quarter net profit to 115.2 million euros ($130.34 million) and confirmed its 2025 guidance. Group total revenue amounted to 321 million euros in the period, driven by an 8% increase in recurring fees across all its core markets, with particularly …
Azimut posts slight drop in first-quarter net profit, confirms 2025 guidance Read More »
By Anna Hirtenstein and Marwa Rashad LONDON/MOSCOW (Reuters) -With a frost covering Europe’s energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the talks have told Reuters. Europe slashed its imports of Russian gas following Moscow’s …
US, Russia explore ways to restore Russian gas flows to Europe, sources say Read More »
By Chandini Monnappa (Reuters) -British auto parts supplier Dowlais said on Thursday it expects full-year adjusted revenue and operating margin in 2025 to be towards the lower end of its forecast, citing continued market volatility. Shares in Dowlais, which makes driveline systems and other automotive parts, hit a six-week high, with analysts saying its trading …
Auto parts group Dowlais adjusts revenue and margin forecasts Read More »
By Lisa Pauline Mattackal (Reuters) -It’s late to the sell-USA party. But bitcoin is finally reclaiming its place as a big alternative for investors spooked by President Donald Trump’s trade war and keen to dump U.S. stocks, Treasuries and the dollar. After an initial tumble to its lowest levels this year soon after Trump announced …
Cryptoverse: As markets question US exceptionalism, bitcoin starts to shine Read More »
FRANKFURT (Reuters) -Rheinmetall has agreed with Finland’s ICEYE to form a joint venture to make military satellites, part of a drive to repurpose automotive factories to serve the booming defence sector instead. In a statement on Thursday, the defence contractor said it signed a memorandum of understanding to establish a venture called Rheinmetall ICEYE Space …
Rheinmetall, ICEYE in initial deal to make military satellites Read More »
By Balazs Koranyi and Howard Schneider FRANKFURT (Reuters) -Europe’s central banks stood in stark contrast to their U.S. counterpart on Thursday, cutting interest rates or hinting at policy easing to come, even as the Federal Reserve kept a steady hand overnight and left investors guessing about its next move. Most of the world’s biggest central …
Central banks in Europe keep easing on the agenda even as Fed stays firmly on hold Read More »
