PARIS (Reuters) – French auto parts maker Valeo (VLOF.PA: Quote, Profile, Research) pledged on Sunday to outgrow global vehicle production in the coming five years through an expansion into connected cars, autonomous driving and hybrids.
Before a Monday investor presentation in London, Valeo said it would boost sales to 20 billion euros (14.25 billion pounds) by 2020 from 12.7 billion last year, outstripping overall industry growth by an estimated 5 percentage points annually.
LONDON/PARIS, Feb 28 (Reuters) – A sell-off in emerging
markets has given hedge funds a chance to prove they can profit
from even the most testing market conditions – and try to
justify their lucrative fees.
These are conditions in which hedge funds are meant to be
able to outperform, using their much wider array of trading
tactics to capitalise on default risks, currency routs and share
LONDON (Reuters) – The pound fell against the euro on Friday after euro zone inflation beat forecasts, hitting investors who have been betting on a large divergence between British and euro zone interest rate paths.
The euro, which had been down against the pound in early trading, rose as high as 82.68 pence after the data, before slipping back to 82.43 pence, up 0.3 percent on the day.
LONDON (Reuters) – Sterling rose against the euro for a fourth straight day on Thursday as weaker-than-forecast German inflation contrasted with Britain’s solid recovery.
But the pound made little progress against the dollar, with growing geopolitical tension driving investors into safe-haven assets and the most liquid currencies. Ukraine said on Thursday any movement by the Russian military in Crimea outside the Russian Black Sea fleet’s base in Sevastopol would be regarded as an act of aggression.
LONDON, Feb 26 (Reuters) – The Australian dollar fell on
Wednesday as a continuing slide in the Chinese yuan highlighted
concerns about a slowdown in Australia’s top export market,
while the U.S. dollar edged higher ahead of testimony by Federal
Reserve Chair Janet Yellen.
The Australian dollar dropped 0.4 percent to $0.8982
, heading back towards a three-and-a-half-year low of
$0.8660 hit last month.
LONDON (Reuters) – The Swedish crown fell against the euro on Wednesday after Riksbank policymakers said lower interest rates could be needed, while the dollar edged higher ahead of testimony by Federal Reserve Chair Janet Yellen on Thursday.
The euro rose to a day’s high of 8.9550 crowns per euro, although still short of its two-month high of 9.0102 hit on Friday, after the Riksbank’s minutes raised the possibility of further cuts in the repo rate if a pick-up in inflation failed to materialize.
LONDON (Reuters) – The Australian dollar slipped on Tuesday as a fall in China’s yuan deepened, reflecting concern over growth and moves by the People’s Bank of China (PBOC) to prod the currency lower.
The Aussie is the nearest developed world currency to a proxy for growth in China, which takes much of Australia’s commodities output.
LONDON (Reuters) – Sterling extended gains against the dollar and the euro on Tuesday after Bank of England policymaker Ian McCafferty said market expectations of a rate hike in spring next year were “not unreasonable”.
The pound, which hit a four-year high against the dollar last week, rose as high as $1.6707 immediately after the comments, and was last up 0.2 percent at $1.6688.
LONDON, Feb 24 (Reuters) – The Norwegian crown jumped to its
highest level against the euro in three months, while the yen
was higher on Monday as investors sought safe havens after soft
China house price data.
The euro gained ground against the dollar early on after a
better-than-forecast German business survey, but later fell back
to trade lower.
LONDON (Reuters) – The euro rose against the dollar on Monday after a better-than-forecast German business indicator, while the yen climbed as investors sought safe havens after a fall in Asian stock markets and soft China house price data.
The euro rose as high as $1.3772 against the dollar after the closely watched German Ifo survey beat expectations, although the single currency failed to break through its seven-week high of $1.3773 hit last week.