FRANKFURT (Reuters) – Germany’s financial supervisory authority (BaFin) said on Thursday it has ordered clearing house Eurex Clearing and digital securities processor Clearstream Holding to remedy organisational deficiencies. The order, which was sent to the companies at end of November, was to “ensure proper business organization” following a breach of requirements, BaFin said in a …
By Joseph White LAS VEGAS (Reuters) – Chinese electric vehicle brand Zeekr aims to double sales in 2023 to about 140,000 vehicles and plans to expand sales in Europe, Chief Executive Andy An told Reuters on Thursday. Zeekr, a brand created by Chinese automaker Geely, sold 72,000 vehicles in 2022, mostly in China. Its 001 …
Geely’s EV brand Zeekr aims to double sales in 2023, expand in Europe Read More »
(Reuters) – Carmaker Stellantis said on Thursday it was establishing a new business unit to help expand its data services business, part of its plans to boost revenue from software-related activities over the next decade. The new unit, called Mobilisights, will license data to a wide range of customers including rival carmakers, drawing on Stellantis’ …
Carmaker Stellantis creates new data services business Read More »
By Joseph White LAS VEGAS (Reuters) – Stellantis NV on Thursday unveiled a prototype of an electric Ram pickup at the CES technology show, part of the effort by Chief Executive Carlos Tavares to show that the French-Italian automaker is catching up with Tesla Inc and other rivals. The electric “Ram 1500 Revolution,” unveiled at …
Stellantis CEO delivers a technology statement with a Ram truck Read More »
By Stephane Mahe Challans, FRANCE (Reuters) – Traditional wood-fired bread-making is helping shield one French baker from sky-rocketing energy costs. Franck Burgaud, who owns the only such bakery in the town of Challans, in western France, had not anticipated the current state of things when he opened 23 years ago. “We chose this way of …
Back to basics: wood-fired oven shields French baker from soaring energy costs Read More »
BRUSSELS (Reuters) – Euro zone producer prices fell month-on-month as expected in November, the EU’s statistics office said on Thursday, pulled down by falling costs of energy. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro fell 0.9% month-on-month for a 27.1% year-on-year rise. The monthly …
Euro zone producer prices fall m/m as expected in Nov Read More »
By David Shepardson (Reuters) -The Nevada Department of Motor Vehicles (DMV) said on Thursday that German carmaker Mercedes-Benz can deploy advanced automated driving systems on its roads after it completed a self-certification. The automaker said the Nevada DMV approved its application and is preparing the certificate of compliance that will be issued within the next …
Mercedez-Benz to deploy advanced automated driving system in Nevada Read More »
NEW YORK (Reuters) -Deutsche Bank AG appointed Michael Heaney, a retired Morgan Stanley executive, as chairman of its U.S. arm, the German bank said on Thursday. Heaney had a three-decade career at Morgan Stanley, ultimately rising to become its global co-head of fixed income sales and trading while serving on its management committee. The executive …
Deutsche Bank names ex-Morgan Stanley executive Heaney as U.S. chairman Read More »
By Alistair Smout and Thomas Escritt LONDON (Reuters) -Work is moving “pretty fast” to resolve outstanding issues with the EU on the agreement which governs post-Brexit trade with Northern Ireland, British Foreign Secretary James Cleverly said on Thursday following a meeting with his German counterpart. That sentiment echoed the words of Prime Minister Rishi Sunak …
UK’s Cleverly: Work is moving fast on Northern Ireland protocol Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed near nine-month highs on Thursday as shares of Standard Chartered boosted banks, while retailer Next topped the index following its annual profit forecast. The blue-chip FTSE 100 climbed 0.6%, extending gains to a third straight session and the midcap FTSE 250 gained 0.4% …
Banks push FTSE 100 to nine-month highs; recession worries loom Read More »
