News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Exchange rate News, Articles and Videos with Contenting
1. "Brexit: Pound Falls to 30-Year Low Against Dollar" 2. "U.S. Dollar Falls to Lowest Level Since 2018 Against Euro" 3. "U.S. Dollar Hits New High Against Peso as Mexico's Economy Struggles" 4. "China's Currency Strengthens Against U.S. Dollar as Trade War Intensifies" 5. "Euro Slumps Against Chinese Yuan as Trade War Continues" 6. "Dollar Rises Against Japanese Yen on Strong Economic Data" 7. "Pound Jumps Against Dollar as Brexit Talks Resume" 8. "Australian Dollar Falls to Lowest Level in More Than a Decade Against U.S. Dollar" 9. "U.S. Dollar Rises Against Canadian Dollar on Improved Trade Outlook" 10. "U.S. Dollar Declines Against British Pound After Bank of England Meeting"
Stellantis Reports Q4 2024 Consolidated Shipment Estimates - ForexTV
Stellantis Reports Q4 2024 Consolidated Shipment Estimates-9% Q4 y-o-y decline in shipments improved vs. -20% in Q3, as inventory reduction actions concluded and new product launches in Europe reduced gaps in the Company’s offering related to our generational portfolio transition AMSTERDAM, January 16, 2025 – Stellantis N.V. today published global quarterly consolidated shipment estimates and provided commentary on related business trends. The term shipments describes volumes of vehicles delivered to our dealers, distributors, or directly from the Company to retail and fleet customers, which directly drive revenue recognition. Consolidated shipments for the three months ending December 31, 2024, were an estimated 1,395 thousand units, representing a 9% decline versus the same period in 2023. The shipment performance directionally converged with the underlying sales performance in the period of approximately -5%, as U.S. inventory reduction initiatives concluded successfully and shipments in Europe were supported by the launch of certain next-generation products which reduced a temporary gap in the production of certain Stellantis products in the region. In North America, Q4 shipments declined approximately 115 thousand units vs the same period in 2023, representing a 28% y-o-y decline, in contrast to a more modest sales decline of 5% y-o-y. The larger decline in shipments reflected inventory reduction initiatives, where production discipline combined with incentive actions resulted in a ~80K units decrease of the U.S. dealer inventory compared to the end of the Q3, ending the period just over 300K units. The normalization of the U.S. dealer inventory puts the Company in a strong position to support the arrival of new products in 2025 from Jeep, Ram and Dodge.In Enlarged Europe, the 6% y-o-y shipment decline in Q4 was strongly reduced compared to Q3 (-17% y-o-y) as a temporary gap in certain B-segment offerings was substantially reduced due to the launch of the Citroën C3/ë-C3. Additional B-segment products will soon follow, such as the MHEV Citroën C3, as well as the multi-energy Citroën C3 Aircross, Opel Frontera, and Fiat Grande Panda offerings. The initial European product launches of Stellantis’ next-generation product wave is seeing a promising start, with orders received for over 90K units for the Citroën C3/ë-C3, and over 140K units for the initial STLA Medium platform Peugeot 3008, Peugeot 5008 and Opel Grandland. In Stellantis’ “Third Engine”(2), shipments grew by 5% driven by a 12% increase in South America and a stable Middle East & Africa, more than offsetting shipment declines in China and India & Asia Pacific. South America shipments were supported by a stronger industry demand in all main markets and an ongoing production recovery following the Rio Grande do Sul flooding. Middle East & Africa shipments were stable, reflecting improvement in Turkey, Morocco, Egypt and Tunisia, mostly offset by the impact of temporary import restrictions in Algeria. (1) Consolidated shipments only include shipments by Company’s consolidated subsidiaries, which represent new vehicles invoiced to third party (dealers/importers or final customers). Consolidated shipment volumes for Q4 2024 presented here are unaudited and may be adjusted. Final figures will be provided in our official revenue/shipments report. Analysts should interpret these numbers with the understanding that they are preliminary and subject to change. (2) The “Third Engine” refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific segments for presentation purposes only. # # # About Stellantis Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com. @StellantisStellantisStellantisStellantisFor more information, contact:iinvestor.relations@stellantis.comcommunications@stellantis.comwww.stellantis.com Stellantis Forward Looking Statements This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties. Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM. Attachment EN-20250116-Stellantis-Q4-2024-Shipments-Estimates
Forex interventions effectively countered capital flows volatility, says RBI study | Zee Business
Foreign exchange interventions by the central bank effectively countered capital flows volatility -- the main source of exchange rate volatility in India, a study published in the Reserve Bank's latest Bulletin said. Get more Economy & Infra News and Business News on Zee Business.
How has USD strength impacted European equities? By Investing.com - Forex Trader Hub
Investing.com -- The US dollar's surge to record highs has had marked implications for European equities. Since September, the broad USD trade-weighted index has risen by 7%, driving the exchange rate near parity. This strength in the greenback has led to European equities outperforming global equities by 3% since late December, following a challenging second
Intermediate Capital Group plc: Q3 trading statement for the nine months ended 31 December 2024 - ForexTV
ICG plc22 January 2025Q3 update for the nine months ended 31 December 2024 $22bn raised in the last twelve months Highlights Strong fundraising of $7.2bn in the quarter resulting in $22bn raised in the last twelve months, more than twice as much as raised in calendar 2023 and supporting long-term growth in client capital and management feesClient commitments included $1.8bn to Strategic Equity and $1.8bn to Europe IX. Europe IX expected to be activated and fee-earning by March 2025AUM of $107bn (+5.1% q-o-q1); fee-earning AUM of $71bn (+2.8% q-o-q1); AUM not yet earning fees of $20bnInvestment environment remains in line with recent quartersBalance sheet investment portfolio during the quarter generated positive NIR in all asset classes and net cash realisationsAAA ESG rating awarded by MSCI for the fourth consecutive year, membership of the Dow Jones Sustainability Index (Europe) for the second consecutive yearShareholder seminar on ICG Strategic Equity to be held online on 5 March 2025 at 5pm GMT. Register hereSonia Baxendale joined the Board as a Non-Executive Director in January 20252 Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis; see full year results1 On a constant currency basis; 2 As previously announced. PERFORMANCE REVIEW AUM Growth1 31 December 2024Last three monthsYear-on-yearLast five years (CAGR) AUM$107bn5.1%27.5%19.3% Fee-earning AUM$71bn2.8%8.1%14.7% 1 On a constant currency basisNote: historical AUM has not been updated to reflect AUM policy change effective March 2024. This does not impact fee-earning AUM Business activity $bnFundraising Deployment1 Realisations1,2 Q3 FY25LTM Q3 FY25LTM Q3 FY25LTM Structured and Private Equity5.310.1 1.07.4 0.21.0 Private Debt0.26.6 1.23.3 1.74.4 Real Assets0.71.5 0.82.0 0.51.4 Credit1.03.6 Total7.221.8 3.012.7 2.46.8 1 Direct investment funds; 2 Realisations of fee-earning AUM PERIOD IN REVIEW AUM and FY25 fundraising At 31 December 2024, AUM stood at $107bn and fee-earning AUM at $71bn. The bridge between AUM and fee-earning AUM is as follows: $mStructured and Private EquityPrivate DebtReal AssetsCreditSeed investmentsTotalFee-earning AUM31,93214,3537,40117,451—71,137AUM not yet earning fees4,44913,956751356—19,512Fee-exempt AUM8,3651,3183,035——12,718Balance sheet investment portfolio12,329148458(183)4523,204AUM47,07529,77511,64517,624452106,5711 Includes elimination of $634m (£507m) within Credit due to how the balance sheet investment portfolio accounts for and invests into CLO's managed by ICG and its affiliates At 31 December 2024 we had $30bn of AUM available to deploy in new investments ("dry powder"), of which $20bn was not yet earning fees. The stronger US Dollar at 31 December 2024 compared to 30 September 2024 impacted the US Dollar value of our non-US Dollar (predominantly Euro) funds. We receive management fees in the fund currency. AUM AUM ($m)Structured and Private EquityPrivate DebtReal AssetsCreditSeed investmentsTotalAt 1 October 2024 43,45331,90612,26618,106527106,258Fundraising5,3501816801,029 7,240Other additions81552193 385Realisations(168)(848)(427)(852) (2,295)Market and other movements(1,518)(1,612)(1,082)(688) (4,900)Balance sheet movement(50)(7)(11)26(75)(117)At 31 December 202447,07529,77511,64517,624452106,571Change $m3,622(2,131)(621)(482)(75)313Change %8%(7%)(5%)(3%)(14%)—%Change % (constant exchange rate)13%(2%)2%2%(8%)5% Fee-earning AUM Fee-earning AUM ($m)Structured and Private EquityPrivate DebtReal AssetsCreditTotal At 1 October 2024 31,18415,6857,73117,95772,557Funds raised: fees on committed capital1,941—543—2,484Deployment of funds: fees on invested capital521,1483091,0642,573Total additions1,9931,1488521,0645,057Realisations(159)(1,683)(529)(872)(3,243)Net additions / (realisations)1,834(535)3231921,814FX and other(1,086)(797)(653)(698)(3,234)At 31 December 202431,93214,3537,40117,45171,137Change $m748(1,332)(330)(506)(1,420)Change %2%(9%)(4%)(3%)(2%)Change % (constant exchange rate)7%(4%)2%2%3% FY25 fundraising At 31 December 2024, funds that were actively fundraising included Strategic Equity V; Europe Mid-Market II; Europe IX; Core Private Equity; European Infrastructure II; and various Real Estate strategies. We anticipate having final closes for Strategic Equity V and Europe Mid-Market II before the end of FY25, although the size and timing of such closes remains dependent on market conditions. Balance sheet The balance sheet investment portfolio generated positive NIR across all asset classes and net cash realisations during the quarter. We remain confident our balance sheet will continue to deliver in line with our guidance. At 31 December 2024 it was valued at £3,067m: £m30 September 202431 December 2024Structured and Private Equity1,7781,861Private Debt116119Real Assets350365Credit319361Seed investments394361Balance sheet investment portfolio2,9573,067 At 31 December 2024 the Group had total available liquidity of £1.1bn (H1 FY25: £0.9bn) FOREIGN EXCHANGE RATES Average ratePeriod end Q3 FY24Q3 FY2530 September 202431 December 2024GBP:EUR1.15391.19921.20121.2086GBP:USD1.25031.27171.33751.2516EUR:USD1.08351.07401.11351.0356 COMPANY TIMETABLE Shareholder seminar (online):ICG Strategic Equity5 March 2025, 5pm GMTRegister hereFull year results announcement21 May 2025 ENQUIRIES Shareholders and debtholders / analysts: Chris Hunt, Head of Corporate Development and Shareholder Relations, ICG+44(0)20 3545 2020Media: Clare Glynn, Head of Corporate Communications, ICG+44(0)79 3435 7794 This results statement may contain forward looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward looking information. ABOUT ICG ICG provides flexible capital solutions to help companies develop and grow. We are a global alternative asset manager with over 30 years' history, operating across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit. We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees. We are committed to being a net zero asset manager across our operations and relevant investments by 2040. ICG is listed on the London Stock Exchange (ticker symbol: ICG). Further details are available at www.icgam.com.