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US banks expect stronger loan demand in 2026, Fed survey shows
Reuters· 2026-02-02 19:57
Core Viewpoint - Banks anticipate an increase in demand for business loans across all categories this year, driven by expectations of lower interest rates and higher spending or investment needs [1] Group 1: Demand for Business Loans - A Federal Reserve survey indicates that banks expect stronger demand for business loans in 2023 [1] - The anticipated trend is attributed to expectations of lower interest rates [1] - Higher spending or investment needs are also expected to contribute to the increased demand for loans [1]
Us judge allows Orsted to resume building New York offshore wind project
Reuters· 2026-02-02 18:22
A federal judge on Monday cleared Denmark's Orsted to resume work on its Sunrise Wind project off the coast of New York, which President Donald Trump's administration halted along with four other proj... ...
US dropping 25% separate tariff on Indian imports after pledge to cut Russian oil, White House says
Reuters· 2026-02-02 17:54
The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White Ho... ...
Telia, Lyse to combine Norwegian mobile radio networks to save costs
Reuters· 2026-02-02 17:49
Swedish telecoms group Telia and Norway's Lyse [RIC:RIC:LYSEK.UL], owner of mobile operator Ice, have agreed to combine their Norwegian mobile radio access networks into a jointly held firm, the compa... ...
US defense firms boost spending after Trump calls for expedited arms deliveries
Reuters· 2026-02-02 17:43
Major U.S. defense contractors are significantly ramping up capital expenditure this year in response to President Donald Trump's threat to limit dividends and share buybacks in his push to speed up w... ...
Tesla new car sales in Italy jump year-on-year in January, after 2025 drop
Reuters· 2026-02-02 17:29
Tesla's new car registrations in Italy rose 75% year-on-year in January, after posting an 18% drop over the whole of 2025, data from the Italian transport ministry showed on Monday. ...
Glencore close to appointing Citi as adviser for Rio Tinto merger talks, sources say
Reuters· 2026-02-02 16:43
Swiss miner Glencore is close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto that could create the world's largest miner worth over $200 billion, two people fam... ...
LVMH champagne arm settles dispute with workers over bonuses, union says
Reuters· 2026-02-02 16:29
Core Insights - LVMH's champagne division, which includes brands such as Moet & Chandon and Veuve Clicquot, has reached an agreement with labor representatives to compensate workers for lost bonuses [1] Group 1 - The CGT union announced the deal regarding compensation for workers affected by lost bonuses [1]
Intesa CEO says he is fit enough to do another mandate
Reuters· 2026-02-02 16:23
Core Viewpoint - Intesa Sanpaolo's CEO Carlo Messina expressed his willingness to continue leading Italy's largest bank for an additional four years beyond his current mandate, which ends in 2028 [1] Group 1 - Carlo Messina is currently the Chief Executive of Intesa Sanpaolo [1] - The bank is recognized as Italy's largest financial institution [1] - Messina's current mandate is set to conclude in 2028 [1]
Novo Nordisk says CagriSema outperforms semaglutide in late-stage trial of type-2 diabetes patients
Reuters· 2026-02-02 16:05
Core Insights - Novo Nordisk's experimental weight-loss drug CagriSema demonstrated superior efficacy in reducing blood sugar levels and body weight compared to semaglutide alone in a late-stage trial involving patients with type 2 diabetes [1] Group 1 - CagriSema is a next-generation weight-loss drug developed by Novo Nordisk [1] - The late-stage trial focused on patients diagnosed with type 2 diabetes [1] - Results indicated that CagriSema outperformed semaglutide in both blood sugar reduction and weight loss [1]