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Monte dei Paschi CEO says Generali stake offers welcome revenue diversification source
Reuters· 2025-10-09 13:26
Core Viewpoint - The stake in insurer Generali held by the banking group formed from Monte dei Paschi di Siena's acquisition of Mediobanca is seen as a beneficial source of revenue diversification for MPS [1] Group 1 - MPS Chief Executive Luigi highlighted the importance of this stake in enhancing the bank's revenue streams [1]
Intel outlines details of first PC chip made on its new manufacturing tech
Reuters· 2025-10-09 13:02
Intel on Thursday unveiled key details of its upcoming Panther Lake laptop processor, the first chip built on its next-generation 18A production process, aiming to convince investors its costly turnar... ...
Spanish court summons Gotham City founder in Grifols share price probe
Reuters· 2025-10-09 12:15
Core Points - Spain's High Court has summoned Daniel Yu, the founder of Gotham City Research, to testify regarding allegations of disseminating misleading information about pharmaceutical companies [1] Group 1 - The High Court's action indicates a legal response to concerns over the impact of short-selling activities on the pharmaceutical sector [1] - The case highlights the ongoing scrutiny of short sellers and their influence on market perceptions of companies [1] - Allegations against Gotham City Research suggest potential regulatory implications for short-selling practices in the industry [1]
Chevron expands India hub to boost digital and AI capabilities
Reuters· 2025-10-09 11:57
Chevron India on Thursday opened a 312,000-square-foot facility for its Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, a year after launching the unit to consolidate technical wor... ...
Polestar's third-quarter vehicle sales jump on resilient EV demand
Reuters· 2025-10-09 11:03
Core Insights - Polestar's third-quarter vehicle sales experienced significant growth, driven by strong demand in Europe despite challenging macroeconomic conditions [1] Group 1: Sales Performance - The company reported a notable increase in vehicle sales during the third quarter, indicating robust market performance [1] - Demand in Polestar's home market of Europe remained resilient, contributing positively to sales figures [1] Group 2: Macroeconomic Context - The automotive industry is facing a tough macroeconomic backdrop, characterized by tariffs and other economic pressures [1] - Despite these challenges, Polestar managed to maintain strong sales, showcasing the brand's competitive position in the market [1]
EA locks and loads 'Battlefield 6' to take on 'Call of Duty' before going private
Reuters· 2025-10-09 11:02
Core Viewpoint - Electronic Arts is focusing on the latest "Battlefield" title to restore the franchise's reputation and challenge the dominance of "Call of Duty" in the first-person shooter market [1] Group 1 - The new "Battlefield" title aims to address the shortcomings of its predecessor and regain player trust [1] - The company is positioning this release as a critical move to enhance its competitive stance against "Call of Duty" [1]
Eni seeks approval for Sicily biorefinery, recycling plant
Reuters· 2025-10-09 10:59
Eni has started the environmental approval process to transform its industrial site in Priolo, Sicily, into a biorefinery and a chemical recycling plant for plastics, the Italian energy group said on ... ...
Delivery robot firm Serve Robotics partners with DoorDash to expand reach
Reuters· 2025-10-09 10:57
Serve Robotics said on Thursday it is partnering with DoorDash to deploy its sidewalk robots to fulfill orders on the food delivery platform, in a move to capture more customers and expand its reach b... ...
Morning Bid: Stocks pause as bubble warnings mount
Reuters· 2025-10-09 10:47
Core Insights - The article discusses the current state of U.S. and global markets, highlighting key trends and events impacting investment opportunities and risks [1] Group 1: Market Trends - U.S. stock markets are experiencing volatility due to mixed economic signals and geopolitical tensions [1] - Global markets are reacting to changes in monetary policy, particularly from the Federal Reserve, which is influencing investor sentiment [1] Group 2: Economic Indicators - Recent economic data shows a slowdown in consumer spending, which could impact corporate earnings in the upcoming quarters [1] - Inflation rates remain a concern, with central banks closely monitoring price stability as they adjust interest rates [1] Group 3: Sector Performance - Technology and energy sectors are showing resilience, while consumer discretionary and financial sectors are facing headwinds [1] - Companies in the renewable energy space are gaining attention as governments push for sustainable practices [1]
US banks to reap bigger profits as deals rebound in third quarter
Reuters· 2025-10-09 10:34
The six largest U.S. banks are expected to report stronger third-quarter earnings next week, catapulted by a rebound in investment banking. ...