By Krystal Hu and Anirban Sen (Reuters) – It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds of the $46.5 billion financing package that Musk unveiled on Thursday in support of his bid for Twitter Inc would come from his assets, with…
By Lisa Pauline Mattackal and Sanjana Shivdas (Reuters) – Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and economists told the Reuters Global Markets Forum. Polls on Thursday showed President Emmanuel Macron with a…
By Gilles Guillaume and Nick Carey PARIS (Reuters) -French carmaker Renault said on Friday that “all options are on the table” for separating its electric vehicle (EV) business, including a possible public listing in the second half of 2023. Thierry Piéton, Renault’s finance chief, said that any plans were subject to approval from its alliance…
By Niklas Pollard STOCKHOLM (Reuters) -Swedish truck maker AB Volvo reported a surprise rise in first-quarter core earnings on Friday, as it juggled strong market demand with a strained supply chain that has limited its capacity to keep up with orders. The rival of Germany’s Daimler Truck and Traton also said it expected supplies of…
NEW YORK (AP) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank’s efforts to fight inflation. Several disappointing profit reports from companies also shook what’s been the market’s main pillar…
By Aftab Ahmed NEW DELHI (Reuters) -The Indian government is planning to raise about 300 billion rupees ($3.9 billion), half of what it had earlier estimated, from selling a stake of just over 5% in Life Insurance Corporation of India, a government source told Reuters. LIC is now valued at around 6 trillion rupees, significantly…
By Victoria Waldersee BERLIN (Reuters) – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers…
ZURICH (Reuters) -Holcim raised its full-year sales outlook on Friday after the world’s biggest cement maker beat analyst forecasts for sales and profit during the first quarter. The Swiss company said it now expects sales growth of 8% on a like-for-like basis, which cuts out the impact of acquisitions and divestments and currency swings, and…
STOCKHOLM (Reuters) -Swedish truck maker AB Volvo reported first-quarter core earnings well above market expectations on Friday as it juggled strong market demand with a strained supply chain that put a cap on its ability to grow order books. The rival of Germany’s Daimler Truck and Traton also said it expected supplies of components to…
By Sonali Paul and Isabel Kua (Reuters) -Oil prices extended losses on Friday, heading for a 4% weekly drop and burdened by the prospect of rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Brent crude futures were down $1.17, or…
