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Seven EU countries oppose new EU funding as response to U.S. subsidy plan – letter
By Jan Strupczewski BRUSSELS (Reuters) - Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU ...
Syndicated Content Jan 27, 2023
Rising interest rates have a sting in the tail for Europe’s banks
By John O'Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail....
Syndicated Content Jan 27, 2023
Signify ups 2023 view on profitability margin, skips sales outlook
(Reuters) - Signify, the world's largest lighting maker, said on Friday it expects operating profitability to be in the range of 10.5%-11.5% in 2023, but did not give any outlook on sales, citing vola...
Syndicated Content Jan 27, 2023
Steelmaker SSAB sees European market stabilising after slump
STOCKHOLM (Reuters) - Swedish steelmaker SSAB said on Friday that the European market had stabilised after a slump during the second half of last year as the company reported adjusted fourth-quarter o...
Syndicated Content Jan 27, 2023
POSCO posts 2022 profit despite steel production halt after flooding
SEOUL (Reuters) - POSCO Holdings, the parent of South Korea's biggest steelmaker POSCO, posted on Friday a 46.7% drop in last year's annual operating profit due to a four-month suspension of its major...
Syndicated Content Jan 27, 2023
Spirits maker Remy Cointreau’s sales fall less than feared as China rebounds
(Reuters) - French spirits maker Remy Cointreau posted a smaller-than-expected drop in third-quarter sales on Friday, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac...
Syndicated Content Jan 27, 2023
Pakistani rupee’s fall slows as hopes rise for IMF money
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) - The Pakistani rupee showed signs of steadying on Friday after steep decline over the previous two days, with hopes raised by an Internati...
Syndicated Content Jan 27, 2023
South Korea pension fund will deplete faster than expected, report says
SEOUL (Reuters) - South Korea's huge national pension fund is set to see its pool of money depleted by 2055, earlier than expected, because of a shrinking population amid low economic growth, an offic...
Syndicated Content Jan 27, 2023
Ease capital rules on EU banks to boost lending, banking industry says
By Huw Jones LONDON (Reuters) - Banks in the European Union could increase lending by almost a third if regulators applied capital requirements in the same way as their U.S. counterparts, a study from...
Syndicated Content Jan 27, 2023
Tata’s Air India to seal half of jumbo plane order – sources
By Aditi Shah NEW DELHI (Reuters) -Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as i...
Syndicated Content Jan 26, 2023
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