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US requests probe of alleged labor rights denial at Pirelli facility in Mexico

US requests probe of alleged labor rights denial at Pirelli facility in Mexico WASHINGTON, Aug 23 (Reuters) - The United States said on Friday it had asked Mexico to review alleged worker rights violations at tire maker Pirelli's PIRC.MI facility in Silao de la Victoria city, the 26th U.S. labor complaint in Mexico under a 2020 trade pact. The request for investigation was made in response to a petition and the U.S.
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Saudi fund’s prudence pivot is only half complete

BREAKINGVIEWS-Saudi fund’s prudence pivot is only half complete The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, Aug 20 (Reuters Breakingviews) - Among the world’s major sovereign wealth vehicles, Saudi Arabia’s Public Investment Fund (PIF) has always had an unusually local flavour. That idiosyncrasy is growing.
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Italy - Factors to watch on August 2

Italy - Factors to watch on August 2 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy posted a state sector budget surplus of 2.4 billion euros ($2.59 billion) in July compared to a surplus of 15.83 billion euros in the same month last year, Treasury data showed on Thursday.
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Pirelli eyes high-end forecast for full-year EBIT margin

Pirelli eyes high-end forecast for full-year EBIT margin MILAN, Aug 1 (Reuters) - Italian tyre-maker Pirelli PIRC.MI said on Thursday its full-year guidance for adjusted earnings before interest and tax (EBIT) margin is expected to reach the high-end of its forecast at 15.5% to a bigger contribution from price and product range. Pirelli's adjusted EBIT came in at 276.5 million euros ($298.23 million) in the April-June period up 2.7% year-on-year, topping a 271 million euro analyst consensus prov
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Pirelli Q2 Adjusted EBIT Above Consensus At EUR 276.5 Mln

BRIEF-Pirelli Q2 Adjusted EBIT Above Consensus At EUR 276.5 Mln Aug 1 (Reuters) - Pirelli & C SpA PIRC.MI : CONFIRMS GUIDANCE GIVEN IN MARCH 2024 Q2 ADJUSTED EBIT EUR 276.5 MILLION VERSUS EUR 271 MILLION IN COMPANY-PROVIDED CONSENSUS Q2 REVENUE EUR 1.75 BILLION VERSUS EUR 1.73 BILLION IN COMPANY-PROVIDED CONSENSUS Q2 NET INCOME EUR 130.9 MILLION VE
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Italy - Factors to watch on August 1

Italy - Factors to watch on August 1 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY July PMI manufacturing HCOB data (0745 GMT). ISTAT releases June unemployment rate date (0800 GMT).
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Italy - Factors to watch on August 1

Italy - Factors to watch on August 1 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY July PMI manufacturing HCOB data (0745 GMT). ISTAT releases June unemployment rate date (0800 GMT).
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Brembo has not bought more Pirelli shares, stake at 6%, chairman says

BRIEF-Brembo has not bought more Pirelli shares, stake at 6%, chairman says July 30 (Reuters) - Brembo's Executive Chairman Matteo Tiraboschi tells Reuters in a post-earnings interview: WE HAVE NOT BOUGHT FURTHER PIRELLI SHARES, OUR STAKE UNCHANGED AT 6% Further company coverage: BRBI.MI Reporting by Milan Newsroom
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Italy's Meloni vows to 'relaunch' cooperation with China

CORRECTED-UPDATE 3-Italy's Meloni vows to 'relaunch' cooperation with China Corrects spelling of Qiang in paragraph 5 Meloni makes first visit to China Italy seeks to mend ties after exiting Belt and Road Rome, Beijing to cooperate on EVs, renewable energy By Giselda Vagnoni and Laurie Chen ROME/BEIJING, July 28 (Reuters) - Italian Prime Minister Giorgia Meloni vowed on Sunday to "relaunch" cooperation with China, signing a three-year action plan during her first official visit to Beijing since
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Italy's Meloni to visit China this week with trade, investment agenda

Italy's Meloni to visit China this week with trade, investment agenda ROME, July 24 (Reuters) - Italian Prime Minister Giorgia Meloni will visit China from July 26-31 on her first trip there since taking office, aiming to improve trade with China , a person involved in the planning told Reuters. Meloni, who sees Chinese investment as a way to spur Italy's anaemic economic growth, is expected to meet Chinese President Xi Jinping and Premier Li Qiang.
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Michelin's half-year operating margin increases despite instability in Europe

Michelin's half-year operating margin increases despite instability in Europe July 24 (Reuters) - French tyre maker Michelin MICP.PA reported a 4.2% drop in half-year sales on Wednesday, slightly below analysts' expectations, citing an unstable economic environment in Europe and a weak performance in the French market. But the company managed to increase its segment operating margin thanks to its pricing policy.
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Italy - Factors to watch on July 16

Italy - Factors to watch on July 16 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases June CPI final data (0800 GMT) and May foreign trade data (0900 GMT).
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Pirelli Says Fitch Ratings Raises Company Rating To 'BBB' From ''

BRIEF-Pirelli Says Fitch Ratings Raises Company Rating To 'BBB' From 'BBB-' July 15 (Reuters) - Pirelli & C SpA PIRC.MI : FITCH RATINGS RAISES RATING TO 'BBB' FROM 'BBB' Further company coverage: PIRC.MI (Gdansk Newsroom)
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Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push

Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push July 11 (Reuters) - British automaker Jaguar Land Rover (JLR) will use natural rubber tyres made by Italian tyre manufacturer Pirelli PIRC.MI for its entire range of luxury vehicles amid a push towards sustainability in the motor world. The Forest Stewardship Council (FSC) certified natural rubber tyres will be first seen on JLR's new Range Rover Electric, the Tata Motors TAMO.NS owned automaker said on Thursday.
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JLR Partners With Pirelli To Use Certified Natural Rubber Tyres For Luxury Vehicles

BRIEF-JLR Partners With Pirelli To Use FSC-Certified Natural Rubber Tyres For Luxury Vehicles July 11 (Reuters) - JLR: JLR: PIRELLI TO SUPPLY FSC-CERTIFIED NATURAL RUBBER & RAYON TYRES TO JLR, DEBUTING ON NEW RANGE ROVER ELECTRIC JLR: PARTNERING WITH PIRELLI TO USE FSC-CERTIFIED NATURAL RUBBER TYRES ACROSS ITS RANGE OF LUXURY VEHICLES JLR: COMMITME
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Glencore, Rio Tinto, Michelin

EUROPE RESEARCH ROUNDUP-Glencore, Rio Tinto, Michelin July 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Rio Tinto and Michelin, on Monday. HIGHLIGHTS * Arkema SA AKE.PA : JP Morgan raises to neutral from underweight * Glencore GLEN.L : Jefferies raises target price to 600p from 550p * Michelin MICP.PA : HSBC raises to buy from hold * Pirelli & C SpA PIRC.MI : HSBC raises to buy from hold * Rio Tinto RIO.L : Jefferies
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Italy - Factors to watch on June 26

Italy - Factors to watch on June 26 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Prime Minister Giorgia Meloni addresses the Chamber of Deputies (0700 GMT) and the Senate (1300 GMT) ahead of European Council meeting to be held on June 27-28. Russia on Tuesday banned access inside Russ
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Pirelli Places EUR 600 Mln Sustainability-Linked Bond

BRIEF-Pirelli Places EUR 600 Mln Sustainability-Linked Bond June 25 (Reuters) - Pirelli & C SpA PIRC.MI : PLACES SUSTAINABILITY-LINKED BOND FOR EUR 600 MILLION BOND HAS COUPON OF 3.875% Further company coverage: PIRC.MI (Gdansk Newsroom)
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Italy - Factors to watch on June 17

Italy - Factors to watch on June 17 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS At the Group of Seven summit that she hosted in southern Italy this week, right-wing Italian Prime Minister Giorgia Meloni showed she had some red lines dear to her nationalist camp that she was ready to fig
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S&P Global Ratings Improves Pirelli Outlook Thanks To Positive Deleveraging Prospects

BRIEF-S&P Global Ratings Improves Pirelli Outlook Thanks To Positive Deleveraging Prospects June 14 (Reuters) - Pirelli & C SpA PIRC.MI : S&P GLOBAL RATINGS IMPROVES OUTLOOK THANKS TO POSITIVE DELEVERAGING PROSPECTS S&P GLOBAL CONFIRMS BBB- RATING S&P GLOBAL LIFTS OUTLOOK FROM “STABLE” TO “POSITIVE”. Further company coverage: PIRC.MI (Gdans
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