04 December

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Glencore boss Glasenberg to step down, Gary Nagle named new CEO

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By Zandi Shabalala and Helen Reid LONDON/JOHANNESBURG (Reuters) - Glencore (LON:GLEN) boss Ivan Glasenberg is to step down next year and Gary Nagle, head of coal assets at the mining and trading group, will become the new CEO. Glasenberg's departure next year will mark a shift to a new, younger leadership for the business. Glasenberg, 63, has been chief executive...

04 December

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Wall Street Opens Higher, Shrugging off Weak Jobs Report; Dow up 110 Pts

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By Geoffrey Smith Investing.com -- U.S. stock markets opened higher on Friday, with the S&P hitting a new record, as a sharp slowdown in hiring was seen as raising the chances of a substantial fiscal relief package from Congress in short order. By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 110 points, or 0.4%, at 30,080. The S&P 500...

04 December

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NXP Semiconductors raising prices after product shortages, cost increases – letter

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(Reuters) - Dutch automotive chip supplier NXP (NASDAQ:NXPI) Semiconductors has told customers that it must raise prices on all products because it is facing a "significant increase" in materials costs and a "severe shortage" of chips, according to a letter to its customers seen by Reuters. "To address the unforeseen increase in costs...

04 December

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Semiconductor bottlenecks hit auto sector, VW, Bosch, Continental warn

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By Yilei Sun, Brenda Goh and Jan Schwartz BEIJING (Reuters) - German auto suppliers Continental, Bosch and Volkswagen (DE:VOWG_p) the world's largest carmaker, on Friday warned about a shortage of semiconductor components needed for automotive production. The pandemic has hit auto and auto parts production globally, and car-making has grown increasingly reliant on imported chips for electronic parts, such as electronic control...

04 December

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EU to target 30 million electric cars by 2030 – draft

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By Kate Abnett BRUSSELS (Reuters) - The European Union will aim to have at least 30 million zero-emission vehicles on its roads by 2030, as it seeks to steer countries away from fossil fuel-based transport, according to a draft document seen by Reuters. In a strategy due to be published next week, the European Commission will lay out measures to tackle the...

04 December

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New EU-U.S. data transfer pact? Not any time soon, says EU privacy watchdog

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By Foo Yun Chee BRUSSELS (Reuters) - Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday. Washington and Brussels have in recent years seen their data...

04 December

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Italy Won’t Seek to Cancel Debt Purchased by ECB, Minister Says

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(Bloomberg) -- A senior Italian government minister pushed back against a controversial call for the European Central Bank to wipe out or hold forever government debt it buys during the pandemic, saying Rome is committed to treaties that rule this out. Vincenzo Amendola, Italy’s minister for European affairs, said in an interview with Bloomberg Friday that the government’s official position calls for sustainability...

04 December

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Portugal’s Madeira tax scheme breached EU state aid rules

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LISBON (Reuters) - Companies on the island of Madeira have illegally benefitted from tax cuts under Portugal's Madeira Free Trade Zone scheme as they failed to meet the key requirement of contributing to the region's growth, the European Commission said on Friday. Portugal, which first established the regional aid scheme in 1987, will now have to recover aid deemed incompatible with EU...

04 December

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No let-up for central banks as recovery nears – BoE’s Tenreyro

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By William Schomberg LONDON (Reuters) - Central banks must keep up the huge support they have pumped into their economies now that COVID-19 vaccines show that the devastating shock of the pandemic can be bridged, Bank of England interest-rate setter Silvana Tenreyro said. Tenreyro said she backed last month's 150 billion-pound ($202 billion) increase in the BoE's bond-buying, "particularly now, when we...

04 December

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German prosecutors probe EY auditors over Wirecard collapse

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MUNICH (Reuters) - German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard, after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments company. A spokeswoman for the Munich prosecutor's office said it had examined the complaint brought by the APAS oversight board, adding that opening such an investigation was...

Меню

Glencore boss Glasenberg to step down, Gary Nagle named new CEO

Wall Street Opens Higher, Shrugging off Weak Jobs Report; Dow up 110 Pts

NXP Semiconductors raising prices after product shortages, cost increases – letter

Semiconductor bottlenecks hit auto sector, VW, Bosch, Continental warn

EU to target 30 million electric cars by 2030 – draft

New EU-U.S. data transfer pact? Not any time soon, says EU privacy watchdog

Italy Won’t Seek to Cancel Debt Purchased by ECB, Minister Says

Portugal’s Madeira tax scheme breached EU state aid rules

No let-up for central banks as recovery nears – BoE’s Tenreyro

German prosecutors probe EY auditors over Wirecard collapse

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