News stories about "euros" in India.

Infineon reports better-than-expected 2023 revenue on semiconductor demand

German chip manufacturer Infineon (IFXGn.DE) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and renewable energy sectors, remains unabated. Key Points

Reuters

Generali has 500 mln euros left for M&A, could return it to investors, CEO says

Italy's top insurer Assicurazioni Generali (GASI.MI) still has 500 million euros ($533.10 million) left for M&A deals, which will be returned to shareholders if not used for acquisitions, its Chief Executive Philippe Donnet said on Wednesday. Key Points

Reuters

Commerzbank Q3 net profit more than triples, beats expectations

Germany's Commerzbank (CBKG.DE) said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update. Key Points

Reuters

ING announces new buyback programme, Q3 net profit beats estimates

ING Groep (INGA.AS), the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year. Key Points

Reuters

Amplifon lowers profit forecast on weak European market, shares drop

Italian hearing aid maker Amplifon (AMPF.MI) lowered its full year guidance for recurring core profit on Monday, citing weaker than expected demand in Europe and global economic and political uncertainty, sending its shares tumbling. Key Points

Reuters

Recruiter Randstad says companies still hesitant to hire

Randstad, the world's largest staffing firm, reported a 17% decrease in its EBITA to 273 million euros in Q3, beating analysts' expectations of 258 million euros. However, the company's revenue fell 7% to 6.26 billion euros, which was lower than anticipated. The CEO highlighted a soft jobs market, with unemployment creeping up in some countries and a decrease in job postings. Sectors showing some resilience included automotive, public health, and education. Concerns were raised about the rest of the year due to continued revenue trends in October. Key Points

Economic Times

Ronaldom Messi headline list of top ten highest-paid players in world football

Neymar sealed a sensational transfer to Al Hilal, and will receive a huge salary. Here is a list of the top ten highest-paid footballers. | Football News Key Points

Hindustan Times

Infineon shares slump on Q4 warning, eyes Malaysia expansion

Shares of German chipmaker Infineon (IFXGn.DE) tumbled 10% on Thursday after it forecast fourth-quarter revenue would come in below market expectations, weighed down by weak demand from makers of personal computers and smartphones. Key Points

Reuters

ASML beats Q2 expectations, increases full-year sales forecast

Dutch semiconductor equipment maker ASML (ASML.AS) on Wednesday reported a second-quarter net profit of 1.9 billion euros ($2.1 billion) that beat analyst expectations, and increased its full-year sales forecasts. Key Points

Reuters

Italy's Intesa lifts 2023 income goal as rates drive profit

Italy's biggest bank Intesa Sanpaolo (ISP.MI) on Friday improved its profit goal for the year after rising interest rates drove third-quarter income above expectations. Key Points

Reuters

Infineon Q3 revenue slightly above forecast on mixed semiconductor market

German chipmaker Infineon (IFXGn.DE) on Thursday reported slightly better than expected quarterly revenue as the market for semiconductors remains a mixed picture. Key Points

Reuters

Austria's RBI: realized extra 150 mln euros of property sector risk provisions

Raiffeisen Bank International (RBI) (RBIV.VI) has realized additional forward-looking risk provisions of around 150 million euros ($163 million) for the real estate sector, the Austrian bank's risk chief, Hannes Moesenbacher, said on Tuesday. Key Points

Reuters

Siemens Healthineers posts forecast beating Q4 results

Siemens Healthineers (SHLG.DE) on Wednesday posted better than expected fourth-quarter results helped by its cancer care unit and proposed an unchanged dividend for its fiscal year 2023. Key Points

Reuters

Caixabank's Q3 net profit rises 70% on higher lending income

Spain's Caixabank (CABK.MC) said on Friday its net profit rose 70% in the third quarter from the same period in 2022 as higher interest rates boosted lending income despite a decline of its loan portfolio. Key Points

Reuters

Italy has frozen Russian oligarchs' assets worth $2.5 billion

Italy has frozen Russian oligarchs' assets valued at around 2 billion euros ($2.5 billion) following the invasion of Ukraine last year, the country's central bank said on Tuesday. Key Points

Reuters

AXA's nine-month sales match expectations, 2023 target on track

AXA (AXAF.PA), Europe's second-biggest insurance company, posted nine-month sales that met analyst expectations on Thursday, driven by higher premiums at its property and casualty division. Key Points

Reuters

Chipmaker ASM’s orders slump as market weakens

ASM International reported a drop in first-quarter orders, citing softening market conditions. To learn more, read the full story on The Hindu. Key Points

The Hindu

Renault sets out targets for EV unit, says won't sell it cheap

French car maker Renault said on Wednesday its electric vehicles unit Ampere, which it plans to list on the market next year, forecast 10 billion euros ($10.8 billion) in revenues in 2025, more than doubling to 25 billion euros in 2031. Key Points

Reuters

BBVA's Q3 net profit rises 13% boosted by Spain and Mexico

Spain's BBVA (BBVA.MC) on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico. Key Points

Reuters

Santander raises interim cash dividend 39%

Spain's Santander (SAN.MC) said on Tuesday its board had approved an interim cash dividend of 0.081 euros ($0.0856) per share against its 2023 results, up 39% from a year ago. Key Points

Reuters

ASM International's Q2 new orders tumble as chip industry slows

Dutch semiconductor equipment maker ASM International (ASMI) (ASMI.AS) said on Tuesday new orders almost halved in the second quarter due to softening demand and delays at some customers' manufacturing facilities. Key Points

Reuters

BioNTech cuts 2023 revenue target on reduced prospects for vaccine

BioNTech (22UAy.DE) has cut its 2023 revenue target by about 1 billion euros ($1.1 billion) on lower demand for the COVID-19 vaccine made with Pfizer (PFE.N) but said the impact from write-downs at its U.S. partner was less then initially thought. Key Points

Reuters

Telecom Italia's quarterly core profit rises as domestic revenues edge up

Telecom Italia (TIM) (TLIT.MI) on Wednesday reported a 5.5% rise in its second-quarter core profit, helped by strong performance from its Brazilian unit as sales at the company's ailing domestic business also edged higher. Key Points

Reuters

European Union to spend 3.5 billion euros to protect the ocean, says environment chief Conference mobilises more than 2,160 commitments worth approximately $130 billion

Conference mobilises more than 2,160 commitments worth approximately $130 billion. The European Union (EU) will spend 3.5 billion euros ($3.71 billion) to... Key Points

The Tribune India

Fresenius cancels 2023 dividend, bonuses to retain state aid

German healthcare group Fresenius (FREG.DE) said on Tuesday it would not be allowed to make dividend and management bonus payments for 2023 because it decided to keep state aid it received to reduce high energy costs at its hospitals business. Key Points

Reuters

Shakira reaches settlement to avoid $15 million tax fraud trial in Spain

As part of the deal, she accepted the charges and a fine of half the amount owed, more than 7.3 million euros. Key Points

ThePrint

German government unveils deal for Siemens Energy guarantees

Europe News: The German government on Tuesday said it had decided to backstop Siemens Energy with guarantees worth 7.5 billion euros ($8.12 billion) as part of a d Key Points

Times Of India

Lender ABN Amro misses net interest income forecasts, shares tumble

ABN Amro's (ABNd.AS) shares fell almost 9% on Wednesday, their biggest decline since March, after the Dutch bank's quarterly net interest income (NII) missed expectations due to higher interest payments on consumer savings. Key Points

Reuters

Music streaming was 2022's top moneymaker for songwriters, composers

(Reuters) - Streaming became the largest source of income for composers and songwriters in 2022 and helped boost their collections by more than a quarter to 10.83 billion euros ($11.44 billion), a Key Points

ThePrint

Meta looks at $14 monthly plan for ad-free Instagram, Facebook in EU, reports WSJ

Under the plan, Meta would charge roughly 10 euros ($10.46) a month on a desktop for a Facebook or Instagram account. Key Points

ThePrint

Italy plans 21-billion euro asset sell-off to keep debt in check

Italy aims to raise at least 1% of gross domestic product (GDP), or roughly 21 billion euros ($22.2 billion), through asset sales between 2024 and 2026, the Treasury said in its Economic and Financial Document (DEF) published on Saturday. Key Points

Reuters

Fresenius to assess whether state aid impacts bonus, dividend payouts

German healthcare group Fresenius (FREG.DE) said it was examining whether the state aid it received to help offset high energy costs at its hospitals business would bar it from making management bonus and dividend payments. Key Points

Reuters

Intesa Sanpaolo chairman sees limited impact from Italy windfall tax

The chairman of Intesa Sanpaolo (ISP.MI) sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy's biggest bank less than 1 billion euros ($1.08 billion). Key Points

Reuters

Siltronic sees drop in sales this year of up to 19%, raises investment

German silicon wafer group Siltronic (WAFGn.DE) expects sales to fall up to 19% this year due to weak demand from the semiconductor industry but plans to invest in expansion to prepare for a recovery. Key Points

Reuters

Generali $22 billion portfolio sale to private equity complicated by rate surge

Assicurazioni Generali's plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a surge in interest rates has complicated talks with buyers, three people familiar with the matter said. Key Points

Reuters

Manchester City becomes most valuable football club in Europe after replacing Real Madrid: report

Manchester City came out on top in Football Benchmark report with a valuation of 4.073 billion euros. Real Madrid’s value was at 4.006 billion euros Key Points

mint

Italy raises $1 bln as reduces Monte dei Paschi stake

Italy on Monday sold a 25% stake in bailed-out Monte dei Paschi di Siena (MPS) (BMPS.MI), raising 920 million euros ($1 billion) and advancing plans to re-privatise the world's oldest bank two years after a failed first attempt. Key Points

Reuters

Portuguese airline TAP's third quarter profit soars 62% to record high

International Business News: Portugal's national airline TAP reported a 62% increase in net profit for the third quarter, reaching a record of €180.5 million ($192 million). The a Key Points

Times Of India

Map maker TomTom's Q3 loss narrows boosted by car branch growth

Digital mapping specialist TomTom (TOM2.AS) on Friday reported a smaller than expected operating loss for the third quarter, driven by strong sales of its automotive branch that grew faster than car production in its key markets. Key Points

Reuters

Telecom Italia core profit up 9% as grid share deal helps domestic sales

Telecom Italia (TIM) (TLIT.MI) on Wednesday reported an 8.6% rise in core profit for the third quarter, as an accord with rival Open Fiber to share the fixed line network in certain areas helped revenues at its battered domestic business. Key Points

Reuters

Exclusive: Meta Platforms' paid ad-free service targeted in Austrian privacy complaint

Meta Platforms' (META.O) paid no-ads subscription service launched in Europe this month faced one of its biggest tests as advocacy group NOYB on Tuesday filed a complaint with an Austrian regulator, saying that it amounted to paying a fee to ensure privacy. Key Points

Reuters

Italy's MPS raises profit outlook as legal risks recede

State-owned Monte dei Paschi di Siena (BMPS.MI) on Wednesday became the latest Italian bank to upgrade its profit outlook after higher rates pushed third-quarter earnings above forecasts. Key Points

Reuters

Eurobank posts lower profit on higher provisions, costs

Eurobank (EURBr.AT), Greece's largest lender by market value, on Tuesday reported lower profit for the first nine months of the year, on higher bad loan provisions and operating expenses. Key Points

Reuters

Capgemini Q3 revenue falls after decline in North America

French IT consulting group Capgemini (CAPP.PA) on Tuesday posted a 1.3% fall in third-quarter revenue at current exchange rates, including 4% fall in North America, its second-biggest market. Key Points

Reuters

Tesla to build 25,000-euro car in Germany - source

Tesla (TSLA.O) plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Key Points

Reuters

Energy storage firm Nhoa considers partnership for EV charging unit

Energy storage and e-mobility firm Nhoa (NHOA.PA) is considering teaming up with a partner to develop Atlante, its fast-charging network for electric vehicles (EV) in southern Europe, the Milan-based group said on Wednesday. Key Points

Reuters

PSG accept world-record transfer bid for Kylian Mbappe from Saudi club: Report

PSG have reportedly accepted a world-record transfer bid for Kylian Mbappe from Al Hilal. Al Hilal ply their trade in Cristiano Ronaldo's Saudi Pro League. | Football News Key Points

Hindustan Times

Commerzbank to book further provision for mBank after court ruling

Germany's Commerzbank said on Friday that it would book another provision of 342 million euros ($372.27 million) following a court ruling on how banks treat Swiss franc loans in Poland. Key Points

Reuters

Special funds: how Germany gets round the debt brake

Germany sees itself as the European defender of solid finances with its debt brake restricting the public deficit to 0.35% of GDP but the euro zone's largest economy relies on off-budget funds to comply with the debt ceiling for financing its fiscal needs. Key Points

Reuters

France unveils 10 billion euro budget cuts as growth slows

France unveils 10 billion euro budget cuts as growth slows. The French government has announced budget cuts of 10 billion euros as it seeks to rein in its budget deficit after growth failed to meet expectations. Key Points

Times Of India

Sanofi to focus on 12 blockbuster drug candidates, immunology pipeline

Sanofi (SASY.PA) said on Thursday it will focus on 12 potential blockbuster drug candidates and prioritise development in immunology, as it faces investor pressure after abandoning 2025 margin targets while boosting research and development spending. Key Points

Reuters

EU court adviser rebuffs Deutsche Telekom's fight for interest on antitrust fine

An adviser to Europe's top court on Thursday said judges should dismiss Deutsche Telekom's (DTEGn.DE) bid to get EU antitrust regulators to pay interest on the reimbursed portion of a fine imposed nearly a decade ago. Key Points

Reuters

Spain's Grenergy to expand in US under USD 2.8 billion plan

International Business News: Spanish renewable energy company Grenergy plans to invest 2.6 billion euros ($2.84 billion) to more than double its solar power generation and battery Key Points

Times Of India

Italy sells 20% Monte dei Paschi stake to investors

Italy's Treasury said on Monday it had hired banks to place investors shares in Monte dei Paschi di Siena (MPS) (BMPS.MI) equivalent to around 20% of the bailed out lender's capital. Key Points

Reuters

Credit Agricole beats forecasts on strong investment bank boost

Credit Agricole (CAGR.PA), France's second-largest listed bank, posted better-than-expected quarterly results on Wednesday, driven by a strong performance of its investment bank and retail activities. Key Points

Reuters

Google to pay German publishers 3.2 mln eur per year on interim basis

Google (GOOGL.O) has agreed to pay German publishers 3.2 million euros ($3.38 million) a year for its publication of news content pending a decision from the German patent office (DPMA) on the issue, the sides said in separate statements on Thursday. Key Points

Reuters

Italy's Prysmian sees core profit rising 34% by 2027 under new strategy

Prysmian (PRY.MI) sees its core profit rising around 34% through 2027 as the world's largest cable maker seeks to benefit from a global push towards cleaner energy and digital transformation, by building on its existing businesses. Key Points

Reuters

Italy floods destroy homes, farms; 13 killed so far, 10,000 displaced

Torrential rains in Italy this week caused up to 300 landslides and 23 overflowing rivers in Romagna. The floods also damaged around 400 roads and 42 flooded municipalities. More than 5,000 farms were left under water in the region. At least 13 people have died and thousands of others have been displaced as floodwater entered their homes. Key Points

India Today

Italy's Banca Generali lifts NII target after Q3 profit beat

Italian asset manager Banca Generali (BGN.MI) raised its annual net interest income (NII) forecast on Monday after its third-quarter profit jumped nearly 35%, excluding one-off expenses. Key Points

Reuters

Germany's biggest beer festival opens under tight security after attacks

The festival drew seven million visitors last year who consumed 6.5 million litres of beer. The price of beer, however, has risen over 15 euros due to inflation. Key Points

India Today

Deutsche Bank will cut 3,500 jobs even as it records $4.5 billion profit last year

International Business News: Deutsche Bank plans to cut 3,500 jobs as part of cost reduction efforts. Despite recording a $4.5 billion profit last year, the bank aims to streamline operations and boost profitability. Find out more about the job cuts and their impact on the bank. Key Points

Times Of India