By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Remy Cointreau’s new CEO outlined a series of strategic changes on Thursday, including lowering prices to sell more cognac, and said the worst was over for the embattled French spirits maker in its key U.S. market. The Remy Martin cognac and Cointreau liqueur maker said its first-half …
New Remy CEO targets growth after cost cuts cushion profit drop Read More »
By Stefano Rebaudo (Reuters) -Sterling snapped a five-day rally on Thursday as investor focus shifted back to economic fundamentals, with analysts questioning whether the fiscal tightening announced in the budget on Wednesday will actually be implemented. The greenback edged up against its major peers on Thursday, pausing in what is set to be its biggest …
Sterling snaps five-day rally versus the dollar, caution on UK budget Read More »
By Miranda Murray and Maria Martinez BERLIN (Reuters) -Consumer sentiment in Germany will improve slightly in December as households show more willingness to spend on Christmas gifts and festive celebrations, though less rosy income prospects are preventing a stronger recovery, surveys showed on Thursday. The consumer sentiment index, published by the GfK market research institute …
German consumer sentiment brightens modestly as holiday shopping begins Read More »
FRANKFURT (Reuters) -Bank lending to euro zone firms held steady last month while a key EU economic sentiment indicator edged up in November, adding to evidence that the currency bloc continues to grow steadily, even if only at a modest pace, latest data showed on Thursday. The euro zone economy has proven unexpectedly resilient to …
Euro zone sentiment indicator, lending data confirm lukewarm growth Read More »
MILAN (Reuters) -Italy’s borrowing costs fell to the lowest level in a year at an auction on Thursday, as investors increasingly bank on a December rate cut by the U.S. Federal Reserve. The Rome-based Treasury allotted the maximum planned amount of 9.5 billion euros ($11 billion) in three bonds, including a new floating-rate CCTeu. The …
Italy’s funding costs touch one-year low at auction on Fed cut bets Read More »
By Alvise Armellini and Giuseppe Fonte ROME (Reuters) -Italy’s ruling parties have dropped plans to scrap a tax break on short-term rentals as part of amendments to the 2026-2028 budget, lawmakers said on Thursday. Short-term rentals, often listed on online platforms such as Airbnb, are common in tourist hotspots such as Italy, but are politically …
Italy drops plans to scrap a tax break for short-term rentals Read More »
By Giuseppe Fonte ROME (Reuters) -Italian ruling lawmakers intend to press ahead with a claim that the central bank’s $300 billion in gold reserves belong to the state, a senator said on Thursday, despite widespread concern that the move could breach EU rules. Senator Lucio Malan, from Prime Minister Giorgia Meloni’s Brothers of Italy party, …
Italy presses ahead with claim on central bank’s $300 billion gold pile Read More »
ROME (Reuters) -Italian business sentiment jumped in November to the highest since April 2024 but consumer confidence fell, data showed on Thursday, in mixed signs for the euro zone’s third largest economy. National statistics agency ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 96.1 this month …
Italy business sentiment posts surprise increase in November Read More »
(Reuters) -Germany’s BayWa reported lower revenue for the first nine months of the year on Thursday, as the agricultural supplies trader divested several assets to pay off excessive debt. The Munich-based group’s revenue fell 22% in the January-September period to 9.6 billion euros ($11.1 billion), compared to a year ago. It has grappled with rising …
Germany’s BayWa reports lower nine-month revenue as restructuring measures weigh Read More »
MILAN (Reuters) -Intesa Sanpaolo CEO Carlo Messina urged Italy’s government not to single out banks with excessive tax rises on Thursday, stressing the support they provide in buying public debt. Messina, who leads Italy’s largest lender, also told Il Sole 24 Ore in an interview that banks faced regulatory pressure to reduce their holdings of …
Intesa CEO warns Rome not to tax banks excessively, stresses public debt role Read More »
