BUZZ-HSBC sees some light for EU tyremakers on pricing discipline ** HSBC is cautiously optimistic on European tyremakers, saying pricing discipline may help the sector retain bumper 2023 prices while volumes slowly grow in the medium term ** The broker notes there are 6% more cars on European roads than in 2019 and the aftermarket volume has been

Motor racing-Bridgestone to supply tyres to Formula E, Hankook to WRC Dec 6 (Reuters) - Bridgestone will take over from Hankook as the sole supplier of tyres to the all-electric Formula E world championship from 2026, the governing FIA said on Wednesday. The move will be the first time the Japanese manufacturer has supplied a single-seater world championship since leaving Formula One at the end of 2010. South Korea's Hankook will become the official supplier of the world rally championship, repl

MIDEAST - Factors to watch - December 6 Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia-Pacific equities gained as bets firmed for a peak in interest rates among major central banks globally, as bond yields continued to decline.

Pirelli rules out Saudi sovereign fund taking stake in company - exec MILAN, Dec 5 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) will not take a stake in Italy's Pirelli PIRC.MI , the tyremaker's Executive Vice Chairman Marco Tronchetti Provera said on Tuesday. "It's what you see, there's nothing more," he said referring to Pirelli's joint venture with the Saudi sovereign wealth fund to build a tyre manufacturing facility in the Gulf country.

BUZZ-Pirelli rises after UBS upgrades to 'buy' ** Shares in Pirelli PIRC.MI climb as much as 6% after UBS upgraded the Italian tyre maker to "buy" from "neutral" ** The broker says the stock offers solid earnings perspectives and an "attractive" valuation, and also expects Pirelli's electrification to drive a growth in financial returns ** UBS expe