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Italy’s Iveco ups 2023 guidance after operating profit jump
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Bank of America opens Luxembourg branch in Europe funds push
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Canada unveils new passport design with more security features, nod to King Charles
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Panasonic delays production of new Tesla battery to improve performance
Italy’s Eni votes new board as Descalzi set for fourth CEO term
Date: May 10, 2023
Italy’s Eni votes new board as Descalzi set for fourth CEO term MILAN (Reuters) – Shareholders of Italy’s Eni voted on Wednesday for the board members proposed by the Italian Treasury, clearing the way for Claudio Descalzi to serve as the CEO of the energy group for an unprecedented fourth term. The newly-elected board of...
Siemens Energy signs $200 million deal with Brazil’s Eletrobras to upgrade transmission line
Date: May 10, 2023
Siemens Energy signs $200 million deal with Brazil’s Eletrobras to upgrade transmission line SAO PAULO (Reuters) – Siemens Energy has signed a $200 million deal with Brazil’s Eletrobras to modernize a key electricity transmission line that runs from the gigantic Itaipu hydroelectric plant, a Siemens executive told Reuters. The project, worth some 1 billion reais...
Sterling hits five-month high against euro before BoE decision
Date: May 10, 2023
LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate hike from the Bank of England on Thursday will not be the last. The euro fell to 86.73 pence earlier in the session, the lowest since Dec. 15. It was last little changed at 86.84...
UK firms cut hiring of permanent staff, recruiters’ survey shows
Date: May 10, 2023
UK firms cut hiring of permanent staff, recruiters’ survey shows LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than two years, a survey showed on Wednesday, a day before the Bank of England announces its latest move to tackle inflation pressure. The Recruitment and...
TUI sees summer travel demand ‘significantly’ lifting 2023 profit
Date: May 10, 2023
TUI sees summer travel demand ‘significantly’ lifting 2023 profit By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes. Airlines such as Lufthansa, easyJet and Ryanair have all...
French retailer Casino’s shares slump 6% after S&P downgrade
Date: May 10, 2023
French retailer Casino’s shares slump 6% after S&P downgrade PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term credit and placed all its ratings on credit watch, citing restructuring risk and weak liquidity. With about 3 billion euros ($3.3 billion) of debt maturing in...