By Nick Carey LONDON (Reuters) -Ford on Wednesday called for post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric. “Ford is calling for current trade requirements to be extended to 2027, to…
BRASILIA (Reuters) – Brazil faces challenges in consolidating disinflation despite progress made so far, central bank chief Roberto Campos Neto said on Wednesday, again highlighting concerns with rising inflation expectations. During his online participation in the bank’s annual conference, Campos Neto pointed out that inflation had dropped from 12.1% in April 2022 to 4.2% in…
(Reuters) -Pfizer Inc is planning to raise $31 billion through its largest debt offering to finance its proposed acquisition of Seagen Inc, the drugmaker said late on Tuesday. The company struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies as it prepares for a steep fall in COVID-19 sales…
By Eva Mathews (Reuters) -Experian Plc’s annual revenue growth forecast on Wednesday signalled a challenging economic backdrop, especially in North America, where the failure of three U.S. regional banks has hurt confidence in the sector. The world’s largest credit data group expects its annual organic revenue to grow between 4% and 6%, while analysts were…
(Reuters) – Melrose Industries Plc expects its engines business to power its profit margins in 2025 as aftermarket services would help boost cashflow, enabling it to buy back shares worth between 5% and 10% of its market value annually from next year. The company raised its adjusted operating margin outlook for aerospace to between 17%…
WASHINGTON (Reuters) – The International Monetary Fund’s no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that…
WASHINGTON (Reuters) -House Speaker Kevin McCarthy on Wednesday said he believed the United States will not default on its debt now that congressional leaders and President Joe Biden’s administration are sitting down and negotiating. “I think at the end of the day, we do not have a debt default,” McCarthy said in an interview with…
By Andrew Hayley XIAN, China (Reuters) -China wants to further deepen relations with Kazakhstan in times of both “prosperity and adversity”, President Xi Jinping told his visiting Kazakh counterpart on Wednesday. This week, China will for the first time host an in-person summit of Central Asian leaders, building ties in Russia’s backyard as Beijing’s relations…
By James Davey LONDON (Reuters) -JD Sports Fashion expects underlying profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. JD has proved resilient to the cost-of-living crisis, with many of its young consumers not yet burdened by…
MILAN (Reuters) – Telecom Italia’s top shareholder Vivendi has proposed Luciano Carta, a former chairman at Italian defence group Leonardo to fill a vacant seat on the former phone monopoly’s board, two sources said on Wednesday. Vivendi is currently at loggerheads with Telecom Italia (TIM) management over its plans to revamp its domestic business through…
