business
Finance
Euro drops vs strengthening dollar, French politics weigh
Finance
Bain-backed Kioxia sets price range for December IPO
Finance
Exclusive-Russia's VTB CEO says BRICS summit was a slap in the face for the West
Finance
Floods slow Spanish manufacturing growth in November, PMI shows
Seeking higher margins, Stellantis CEO Tavares lost some core customers
Date: December 2, 2024
By Giulio Piovaccari, Alessandro Parodi and Inti Landauro MILAN (Reuters) - When 24-year-old Elena Aragon set out to buy a new car, she reviewed a range of no-frills brands in her home town of Cadiz,...
Russian factory activity expands marginally in November, PMI shows
Date: December 2, 2024
(Reuters) – Activity across Russia’s manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work backlogs depleted and firms cut workforce numbers. The S&P Global Purchasing Managers’ Index (PMI) for Russian manufacturing rose to 51.3 from 50.6 in October, moving further...
Exclusive-Russia’s VTB sees 2025 GDP growth at 1.9%, CEO says
Date: December 2, 2024
MOSCOW (Reuters) – Russia’s second-largest lender VTB sees 2025 GDP growth at 1.9%, above the International Monetary Fund’s forecast of 1.3%, while inflation will slow to 6.4% from the current rate of 8.5%, VTB’s CEO Andrei Kostin told Reuters in an interview. “We believe that it will still be possible to reduce inflation to 6.4%....
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
Date: December 2, 2024
By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) -Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to reject a...
Mercedes to use Momenta software in 4 models, accelerate China comeback, sources say
Date: December 2, 2024
SHANGHAI/BERLIN (Reuters) -Mercedes-Benz is betting on China’s Momenta to help it win back market share in the world’s biggest auto market, with plans for fresh investment and at least four future models to use the autonomous driving startup’s software, three sources with knowledge of the matter said. The plans, which have not been previously reported,...
UK business morale ticks lower but trading prospects healthy, Lloyds Bank says
Date: December 2, 2024
(Reuters) – British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies still feeling upbeat about their trading prospects, a survey from Lloyds Banking Group showed on Monday. The Lloyds Bank Business Barometer sank by 3 points last month to 41%, its lowest level since June but comfortably...