Business
Finance
Factbox-US Targets China's Chip Industry With New Restrictions
Finance
India's Adani Group Seeks to Settle Regulatory Charge of Shareholding Violations, Et Reports
Finance
Dollar Rides High on Flagging Euro and Yuan
Business
US Lng Exports to Europe Surge in November on Higher Prices
Asml Not Changing Guidance After New US Crackdown on China Chip Exports
Date: December 3, 2024
By Toby Sterling AMSTERDAM (Reuters) -Computer chip equipment maker ASML said it does not expect new U.S. restrictions on semiconductor exports to China, announced on Monday, to affect its most recent financial guidance. Separately, the Dutch government said it shares U.S. security concerns on the export of advanced semiconductor making tools, and it its studying...
Airbus Deliveries Topped 80 Jets in November, Sources Say
Date: December 3, 2024
By Tim Hepher PARIS (Reuters) – Airbus deliveries rose sharply to more than 80 jets in November as the planemaker recovered momentum towards end-year targets after a downturn over the summer, industry sources said. After a mid-year profit warning driven in part by a shortfall in engine supplies, deliveries spiked higher in November after engine...
France’s LightOn Targets Secure AI Growth in Europe and Middle East
Date: December 3, 2024
By Nathan Vifflin and Leo Marchandon (Reuters) – LightOn plans to expand in Europe and the Middle East, targeting sectors such as banking, defence and high-tech which require their data to be protected on local servers, the French company’s co-CEO Laurent Daudet told Reuters. Daudet pointed to banking, insurance, high-tech, defence, and healthcare, as prime...
Tavares Clashed With Stellantis Board Over Revival Plan, Sources Say
Date: December 3, 2024
By Giulio Piovaccari and Alessandro Parodi MILAN (Reuters) – Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday. Shares in the Jeep, Fiat and Peugeot manufacturer...
Factbox-How India Says Volkswagen Evaded $1.4 Billion in Import Taxes
Date: December 2, 2024
NEW DELHI (Reuters) – India has alleged Volkswagen evaded $1.4 billion in taxes by “wilfully” paying lesser import duty on component imports, in one of the biggest cases of its kind in the country that adds to mounting difficulties the German automaker faces. Here is how India taxes automakers on imports and what Volkswagen allegedly...
AirBaltic Stalls IPO Until at Least the First Half of 2025
Date: December 2, 2024
By Joanna Plucinska LONDON (Reuters) -AirBaltic is pushing its planned initial public offering back to the first half of 2025 or later as its advisers suggest waiting for improved market conditions in the European sector. The Latvian airline, which had previously said it would consider an IPO in the second half of 2024, will instead...