Reuters UK/EU

LVMH surprised by ‘inaccurate rumours’ about replacement of Moet Hennessy division head

PARIS (Reuters) -French luxury goods group LVMH said it was “surprised by inaccurate rumors” about its Moet Hennessy division relayed on Friday by French investigative media La Lettre, which reported its longtime wine and spirits division head was being replaced by an executive in the business. La Lettre said the group would name Laurent Boillot, …

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Commerzbank considering its own acquisitions, CEO tells paper

BERLIN (Reuters) – Commerzbank is considering its own acquisitions, for example in the area of asset management, its CEO Bettina Orlopp told German business news outlet WirtschaftsWoche in an interview published on Friday. “With further acquisitions, we are focusing on offering our customers new services,” said Orlopp. Italy’s UniCredit is pressing for a possible tie-up …

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Analysis-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again

By Saqib Iqbal Ahmed and Suzanne McGee NEW YORK (Reuters) -Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the …

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Parties in German region unite to keep victorious far-right from power

BERLIN (Reuters) – Parties spanning the spectrum from left to right agreed on Friday to try to form a government in the German state of Thuringia, setting aside deep political differences to keep the far-right Alternative for Germany out of power. The AfD’s victory in September’s election in Thuringia marked the first time a far-right …

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TotalEnergies sells Brazilian fuel distribution business to SIM Distribuidora

By America Hernandez PARIS -French oil major TotalEnergies said on Friday it has agreed to sell a network including 240 retail fuelling stations and seven ethanol and fuel storage facilities in Brazil to a subsidiary of Grupo Argenta. TotalEnergies said it will keep its lubricants blending and distribution activities in Brazil. The value of the …

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Autoliv’s profits meet expectations as outperforms global light vehicle market

STOCKHOLM (Reuters) -Autoliv, the world’s largest maker of airbags and seatbelts, on Friday reported third-quarter profit in line with expectations, although it lowered its sales forecast as its growth outstripped global light vehicle production (LVP). Supply chain issues, a slowdown in electric vehicle (EV) demand and high costs have weighed on the auto industry. As …

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Floods cause damage, power outages in southeast France after heavy rainfall

PARIS (Reuters) – Massive floods caused serious damage and power outages on Friday in parts of France’s mountainous southeast region after days of heavy rain, though there were no immediate reports of any casualties. France’s weather authority Meteo France placed six departments south of the city of Lyon on a red flood alert on Thursday. …

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