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Shares in Italy’s Intesa rise after reassurances on capital, paybacks
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Tesco boss in ‘parallel universe’ over price rises, says UK farmers’ chief
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Nokia signs new 5G patent deal with Samsung
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Analysis-ECB seen struggling to keep market on side after mixed messages
New suppliers race to plug in to electric car market
Date: January 23, 2023
By Nick Carey and Paul Lienert WOKING, England (Reuters) – The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters. Startups specialising in batteries and coatings to protect EV parts, and suppliers traditionally...
Activist investor Elliott Management takes stake in Salesforce -sources
Date: January 23, 2023
(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It is unclear what Elliott, one of the world’s most prominent activist investors, is pushing for at Salesforce. “We look forward to working constructively with Salesforce to realize the value...
European Central Bank to raise deposit rate to 3.25% by mid-year: Reuters poll
Date: January 23, 2023
By Jonathan Cable LONDON (Reuters) – The European Central Bank will be more aggressive than previously thought in its tightening campaign, adding another 50 basis points to its deposit rate on Feb. 2, as it continues its battle against rampant inflation, a Reuters poll found. Although the euro zone’s central bank has been raising rates...
Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London
Date: January 20, 2023
By Huw Jones LONDON (Reuters) – Frankfurt expands derivatives clearing on Monday in an early test of how well European Union ambitions to lure trillions of euros of business from London could work in practice. With Britain now outside the EU due to Brexit, Brussels wants to reduce heavy EU reliance on London for clearing...
European junk debt sales spring back to life as sentiment improves
Date: January 20, 2023
By Chiara Elisei LONDON (Reuters) – Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia’s war in Ukraine froze markets last year. According to Refinitiv data, those sales so far in January add to almost $2.2 billion worth of...
Intel says Italy still in the game as talks over chip plant continue
Date: January 20, 2023
MILAN (Reuters) -Italy remains a potential location for Intel to build a new European chip plant, the U.S. chipmaker told Reuters on Friday, having set out last March a plan to boost production in Europe. Intel said at that time it would build a plant in Italy as part of its programme to invest as...