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Coca-Cola HBC Forecasts Slower Growth in 2025

Coca-Cola HBC forecasts 7-11% rise in 2025 organic operating profit, slower than last year due to challenging macroeconomic environment.

Philippine Central Bank Keeps Key Rate Unchanged; Reserve Cuts Planned

The Philippine central bank kept the key interest rate unchanged due to rising global uncertainties, but plans to reduce the reserve requirement ratio for banks by 200 basis points to 5%. Governor Eli Remolona said the timing of this reduction is still being discussed. Despite pausing the easing cycle, the BSP still plans to cut the key rate by 50 basis points this year, with a reduction possible at the April meeting.

UK economy edges up in Q4

UK economy avoids recession with 0.1% growth in Q4 2024, boosted by pre-Christmas pub spending.

Siemens Reports Better-than-Expected Profit Despite Factory Automation Struggles

Siemens reports higher-than-expected profits for the latest quarter, with revenue growth driven by strong demand in the Americas. Despite challenges in factory automation, the company maintains its outlook for full-year sales growth.

Legrand Doesn't See U.S. Tariffs as Strategic Issue

French electrical group Legrand does not see U.S. tariffs as a strategic issue and expects the financial impact to be around $30 million.

Commerzbank Unveils Job Cuts, Ambitious Targets in Strategy Revamp

Commerzbank to cut 3,900 jobs, unveils new financial targets in strategy revamp

Prudential Hires Citigroup for Potential India Unit IPO

Prudential Plc mulls IPO of Indian unit ICICI Prudential Asset Management, hires Citigroup as advisor; deal could raise $1 billion.

Honda, Nissan, Mitsubishi end business integration talks

Japanese automakers Honda, Nissan, and Mitsubishi end talks on business integration.

Commerzbank Unveils Job Cuts, Targets to Thwart UniCredit Tie-Up

Commerzbank Reveals Restructuring Plan with Job Cuts and Ambitious Financial Targets Amidst UniCredit's Acquisition Attempt

Thyssenkrupp raises cash flow outlook on German submarine order

Thyssenkrupp raised its outlook for free cash flow after receiving advance payments for a major submarine order from the German military, highlighting the strength of its warship division.