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2 weeks ago | 
gurutrade.com | Matt Scuffham |Elaine Hardcastle
MILAN, April 10 (Reuters) - Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion.
Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy's hand in a luxury industry led by French conglomerates.
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2 weeks ago | 
gurutrade.com | Sfundo Parakozov |Alexander Winning |Elaine Hardcastle
JOHANNESBURG, April 4 (Reuters) - The rand fell further on Friday as investors worried about the impact of U.S. President Donald Trump's sweeping tariffs and the future of South Africa's coalition government.
At 0840 GMT, the rand traded at 19.1225 against the dollar , down about 2% on Thursday's closing level and its weakest since mid-January.
The South African currency has fallen more than 3% against the dollar this week, with bigger losses against currencies like the euro and pound.
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1 month ago | 
gurutrade.com | Toby Sterling |Nathan Vifflin |Alexandra Hudson |Elaine Hardcastle
Industry groups urge focus on design, materials, and equipment First Chips Act criticized for slow EU approval process Nine EU countries form coalition to boost chip industry Subsidies needed for suppliers to enhance fab ecosystem, MEP says AMSTERDAM, March 19 (Reuters) - Computer chip makers and semiconductor supply chain firms called on the European Commission to launch a follow up to the 2023 Chips Act on Wednesday, this time focusing on chip design, materials and equipment, in addition to...
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1 month ago | 
today.westlaw.com | Elaine Hardcastle |David Shepardson |Deborah Mary Sophia |Tasim Zahid
WASHINGTON (Reuters) -Amazon.com's self-driving unit Zoox agreed to recall 258 vehicles due to issues with its automated driving system that could cause unexpected hard braking, after a U.S. investigation, according to a company filing Wednesday.
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1 month ago | 
today.westlaw.com | Elaine Hardcastle |Riham Alkousaa |Alexander Hübner
MUNCH (Reuters) - An Allianz-led consortium is close to winning a bid for Germany's largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5 billion euros ($3.80 billion) deal expected to be finalised next week,...
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1 month ago | 
gurutrade.com | Emma Rumney |Louise Heavens |Elaine Hardcastle
LONDON, March 12 (Reuters) - European Union tariffs affecting U.S. spirits like bourbon whiskey will be "devastating" for the liquor industry, trade associations on both sides of the Atlantic said on Wednesday.
The European Commission said earlier on Wednesday it would impose tariffs on 26 billion euros ($28.31 billion) worth of U.S. goods from next month, ramping up a global trade war in response to U.S. tariffs on steel and aluminium.
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1 month ago | 
gurutrade.com | Francesca Landini |Elaine Hardcastle
MILAN, Feb 26 (Reuters) - The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the Italian group said on Wednesday.
The two companies announced on Sunday their intention to merge to create a global leader in offshore energy services.
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2 months ago | 
gurutrade.com | Alberto Alerigi Jr |Gabriel Araujo |Elaine Hardcastle
SAO PAULO, Feb 20 (Reuters) - Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.
Gerdau announced last year it was considering installing a new special steel mill in Mexico, which would have an annual capacity of some 600,000 metric tons and require investment of $500 million to $600 million.
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2 months ago | 
today.westlaw.com | Elaine Hardcastle |Elisa Anzolin |Valentina Za
MILAN (Reuters) - Italian luxury group Prada has been given access, ahead of any other potential suitors, to the financial data of smaller rival Versace which owner Capri Holdings has put up for sale, a source close to the matter said on Thursday....
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2 months ago | 
gurutrade.com | Forrest Crellin |Jane Merriman |Philippa Fletcher |Elaine Hardcastle
Orano's 2024 revenue grew 23% mainly due to Japan contract
Company considering expansion in several countries to diversify
EV battery joint venture with Chinese firm delayed
PARIS, Feb 19 (Reuters) - French nuclear fuels company Orano is looking to increase output of uranium from new mines in Mongolia and elsewhere to meet rising demand from the nuclear power industry and offset production from its stalled projects in Niger, said CEO Nicolas Maes.
