European banks flag bad loan risks as global economy falters
The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File PhotoLONDON/MILAN/MADRID, July 26 (Reuters)...
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Santander expanding investment bank in US and UK, sources
MADRID/LONDON, July 14 (Reuters) - Santander (SAN.MC) is accelerating growth of its investment bank by hiring at least 50 bankers...
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland (ADM.N) and Cargill (CARG.UL), valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal...
Investors see trouble ahead after Europe’s stellar first quarter
STOXX 600 earnings seen growing 7.3% in Q1- Refinitiv I/B/E/SEuropean stocks off highsNet profit margins seen declining in Q3 -...
Linde sees clean energy investments of over $50 bln
Sees $50 bln investments over next ten yearsAnnual guidance raisedQ1 EPS rises, sales flatApril 27 (Reuters) - Linde , the...
Volkswagen to invest $193 bln over 5 years to hit EV target
VW investing up to 15 bln euros in batteries, raw materialsTwo-thirds of 5-yr budget for electrification, digitalisationSoftware unit Cariad saw...
Former top Credit Suisse shareholder sells full stake in bank – FT
March 5 (Reuters) - Harris Associates, one of Credit Suisse's (CSGN.S) longest major shareholders, has sold its entire stake in...
UK’s Taylor Wimpey cuts jobs amid housing slowdown
Year-to-date sales rate till Feb. 26 at 0.62/outletOrder book down about 26% at 2.15 bln poundsExpects to build 9,000-10,500 homes...
Puma expects margin pressures to persist in 2023
Sees 2023 EBIT at 590 mln-670 mln eurosFY EBIT up 15% to 641 mln euros (analyst: 644 mln)Q4 gross profit...
Santander bets on Europe recovery, customers to lift profits and pay-outs
Lifts ROTE target to between 15-17% in 2023-2025 periodRaises pay-out in three-year strategy to 50% from 40%Bank aims to add...
