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Meta rises after Bernstein raises PT

BUZZ-Meta rises after Bernstein raises PT ** Shares of Facebook-parent Meta Platforms META.O rise 1.6% to $576.56 ** Bernstein raises PT on META stock to $675 from $600, which represents an upside of ~19% to stock's last close ** Meta has replaced Google as a generally safe investment that requires little active monitoring offering investors a grow
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Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025

Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025 By Francesca Landini MILAN, Oct 25 (Reuters) - Italian energy group Eni ENI.MI expects 2.5 billion euros ($2.7 billion) in net proceeds from additional disposals that will be completed next year, Chief Transition & Financial Officer Francesco Gattei said on Friday. The group announced on Thursday that U.S.
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Clariant Proposes Ben Van Beurden As New Chairman

BRIEF-Clariant Proposes Ben Van Beurden As New Chairman Oct 25 (Reuters) - CLARIANT AG CLN.S : BEN VAN BEURDEN PROPOSED AS NEW CHAIRMAN AND MEMBER OF THE BOARD OF DIRECTORS OF CLARIANT AG SHAREHOLDERS TO VOTE ON NOMINATION AT AGM ON 1 APRIL 2025 IF ELECTED, BEN VAN BEURDEN WOULD SUCCEED GÜNTER VON AU Source text for Eikon: ID:nGNE2q08V0 Further co
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Elon Musk creates a must-win election

BREAKINGVIEWS-Elon Musk creates a must-win election The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Gabriel Rubin WASHINGTON, Oct 25 (Reuters Breakingviews) - The Tesla chief’s $840 bln EV maker would fare well or better under a Democratic president. But the temptation to become a global mastermind outside of autos is too strong — enough for Musk to back Donald Trump and gamble on the future of his federal contracts.
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Tesla gains after brokerages raise PT

BUZZ-Tesla gains after brokerages raise PT ** Tesla's shares TSLA.O rise 2.4% to $266.66 ** Piper Sandler raises PT to $315 from $310; new price target represents a 21.2% upside to the stock's last close ** Boosting price target to reflect higher deliveries and margins in the quarter - Piper Sandler ** Stifel raises PT to $287 from $265 ** Key posi
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UniCredit To Redeem Early EUR 100 Mln Fixed Rate Senior Notes Due Nov 2036

BRIEF-UniCredit To Redeem Early EUR 100 Mln Fixed Rate Senior Notes Due Nov 2036 Oct 25 (Reuters) - UniCredit SpA CRDI.MI : TO EARLY REDEEM EUR 100 MILLION FIXED RATE SENIOR NOTES DUE NOV 2036 ON NOV 14 Further company coverage: CRDI.MI (Gdansk Newsroom)
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W. Africa Crude-Angolan Kissanje, other grades offered

W. Africa Crude-Angolan Kissanje, other grades offered LONDON, Oct 25 (Reuters) - A number of Angolan spot cargoes for December were being offered on Friday, some of which were higher than the last known asking prices for November cargoes. * Kissanje was offered at dated Brent plus 50 cents, Olombendo at dated Brent plus $1.70 and Nemba at dated Brent minus 25 cents, a trader said.
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Strategie Grains cuts EU sunflower crop estimate again on bad weather

Strategie Grains cuts EU sunflower crop estimate again on bad weather PARIS, Oct 25 (Reuters) - Strategie Grains has again lowered its forecast for this year's sunflower seed harvest in the European Union, mainly due to rain disruption to the French harvest and dire results in Romania, the consultancy said on Friday. In an oilseed crop report, it kept unchanged its estimate of this year's EU rapeseed harvest, ending a run of five successive monthly downgrades, and said early growing conditions f

Colombia's central bank seen betting on bigger rate cut

POLL-Colombia's central bank seen betting on bigger rate cut Open poll data By Nelson Bocanegra BOGOTA, Oct 25 (Reuters) - Colombian analysts predict the central bank will choose to speed up monetary easing in its Oct. 31 decision, a Reuters poll showed on Friday, though a minority expect the bank will maintain a gradual pace of rate cuts as inflation slows.

Western Digital gains after topping Q1 profit estimates

BUZZ-Western Digital gains after topping Q1 profit estimates Updates ** Shares of memory chip maker Western Digital WDC.O rise 7 .8 % to $7 1.45; hit three-month high ** Com pany topped Wall Street ests. for quarterly profit on demand for its data storage products ** Western Digital reported FY25 Q1 adj EPS of $1.78, beating analysts' expectation of $1.72, according to data compiled by LSEG ** Com pany p osted Q1 rev of $4.10 bln ve rsus est.
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Thames Water gains time for restructuring with 3 bln stg lifeline

FACTBOX-Thames Water gains time for restructuring with 3 bln stg lifeline By Sarah Young and Andres Gonzalez LONDON, Oct 25 (Reuters) - Thames Water, Britain's biggest water supplier, has lined up a financing lifeline of up to 3 billion pounds ($3.9 billion) to ensure its survival over the next year and beyond. Here are some facts on what is known about its new lifeline: WHY DOES THAMES WATER NEED THE MONEY?

U.S. STOCKS Intel, Colgate-Palmolive, Mohawk Industries

BUZZ-U.S. STOCKS ON THE MOVE-Intel, Colgate-Palmolive, Mohawk Industries Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The main U.S. indexes rose on Friday, as Treasury yields slipped from the week's high and relieved the pressure on megacaps, and investors awaited quarterly results from some of Wall Street's biggest companies next week.
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Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company By Noel Randewich and Sruthi Shankar Oct 25 (Reuters) - Nvidia NVDA.O dethroned Apple AAPL.O as the world's most valuable company on Fri day , following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia's stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG.
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Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits

UPDATE 1-Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits Adds details on results from paragraph 3 FRANKFURT, Oct 25 (Reuters) - Luxury sportscar maker Porsche AG on Friday warned it may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market caused nine-month operating profit to fall by more than a quarter.
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Barclays CEO Says That Banks Need Clarity On Basel Rules In US

BRIEF-Barclays CEO Says That Banks Need Clarity On Basel Rules In US Oct 25 (Reuters) - Barclays PLC BARC.L : BARCLAYS CEO SAYS THAT CAPITAL RULES SHOULD BE SIMILAR GLOBALLY, BANKS NEED CLARITY ON BASEL RULES IN UNITED STATES Source text for Eikon: [ID:] Further company coverage: BARC.L Reporting by Nupur Anand
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South African fashion retailer TFG buys UK's White Stuff

UPDATE 1-South African fashion retailer TFG buys UK's White Stuff Adds details JOHANNESBURG, Oct 25 (Reuters) - South African fashion and homewares retailer TFG TFGJ.J has bought UK-based fashion and lifestyle retailer White Stuff, it said on Friday, adding the deal will help it reach "critical mass". The acquisition was made through the London subsidiary of TFG, which has a portfolio of 35 leading retail brands in 23 countries, including Australia.
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Santander Starts Round Of UK Job Cuts As Part Of Savings Drive - Bloomberg News

BRIEF-Santander Starts Round Of UK Job Cuts As Part Of Savings Drive - Bloomberg News Oct 25 (Reuters) - Banco Santander SA SAN.MC : SANTANDER STARTS ROUND OF UK JOB CUTS AS PART OF SAVINGS DRIVE - BLOOMBERG NEWS Source text: https://tinyurl.com/2cfndj27 Further company coverage: SAN.MC
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Dollar edges lower after data as recent rally stalls

FOREX-Dollar edges lower after data as recent rally stalls U.S. business spending plans exceed expectations German business sentiment improves, ECB inflation target on track Japanese yen strengthens ahead of BOJ meeting, election Updated at 10:45 a.m. ET/1445 GMT By Chuck Mikolajczak NEW YORK, Oct 25 (Reuters) - The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was still on track for a fourth straight week of gains after data this week kept intere
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South African rand firms; focus on mid-term budget next week

UPDATE 1-South African rand firms; focus on mid-term budget next week Updates prices as of 1510 GMT, adds details on Reuters poll in paragraph 7 JOHANNESBURG, Oct 25 (Reuters) - South Africa's rand firmed on Friday while local investors geared up for the country's mid-term budget next week. At 1510 GMT, the rand traded at 17.64 against the dollar ZAR=D3 , about 0.1% stronger than its previous close.
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Individual investor bulls tumble to a 6-month low - AAII

LIVE MARKETS-Individual investor bulls tumble to a 6-month low - AAII Main U.S. indexes green: Nasdaq out front, up ~1.3% Tech leads S&P 500 sector gainers; Financials weakest group Euro STOXX 600 index up ~0.04% Dollar ~flat; gold, bitcoin edge up; crude up >1% U.S. 10-Year Treasury yield edge up to ~4.21% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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