By David Latona MADRID (Reuters) -Spanish utility Iberdrola posted a 29% rise in nine-month net profit on Wednesday as growth…
Investors increase their bets on a 100 basis-point BoE rate hike
LONDON (Reuters) – Investors increased their bets on the Bank of England raising its benchmark rate by a full percentage…
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
TOKYO (Reuters) – Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform…
Truck maker Volvo to build battery modules plant in Belgium
STOCKHOLM (Reuters) -Swedish truck maker Volvo Group said on Wednesday its plant in Ghent in Belgium would start to produce…
IMF chief expects UK PM Sunak’s government to stick to fiscal discipline
By Christian Kraemer BERLIN (Reuters) – IMF chief Kristalina Georgieva said on Wednesday she expects new Prime Minister Rishi Sunak…
Heineken cautious as Europe’s beer drinking starts to slow
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken NV, the world’s second-largest brewer, has seen signs of slowdown in demand for its…
Deutsche Bank reports big jump in profit despite slump in dealmaking
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank on Wednesday posted a better-than-expected jump in third-quarter profit…
IMF chief wants central banks to keep raising rates to hit ‘neutral’ level
By Christian Kraemer BERLIN (Reuters) – International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep…
Kremlin says it may transfer assets in annexed Ukrainian regions to Russian companies
MOSCOW (Reuters) – The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had…