PARIS, Dec 18 – French luxury group Kering will buy family-owned jewellry producer Raselli Franco Group, it said on Thursday, announcing an initial 115 million euro ($134.76 million) investment into the business. The 20% stake will be further expanded to full ownership by 2032, Kering said in a statement. The acquisition, the first made by …
By Giuseppe Fonte ROME, Dec 18 (Reuters) – Italian Economy Minister Giancarlo Giorgetti denied on Thursday he had exerted “any interference or pressure” to influence Monte dei Paschi’s (MPS) successful takeover of Mediobanca, which is being investigated by Milan prosecutors. Addressing lawmakers in parliament, Giorgetti also confirmed his “full confidence” in MPS chief executive Luigi …
Italy economy minister denies interfering in MPS’s bid for Mediobanca Read More »
By Helen Clark PERTH, Dec 18 (Reuters) – Energy industry veteran Meg O’Neill, tapped by BP to lead a shake-up at the London-based oil major, made an immediate impact when she took the reins at Australia’s Woodside Energy, clinching a deal that doubled its production portfolio. Woodside’s 2021 acquisition of BHP’s petroleum assets in a …
BP’s next CEO Meg O’Neill to make history as first woman to lead an oil major Read More »
Dec 18 (Reuters) – Norway has reached a fisheries agreement with Russia for 2026, setting the Northeast Arctic cod quota at its lowest level since 1991 to ensure sustainable management of fish stocks, the Norwegian government said on Thursday. The total quota for Northeast Arctic cod has been set at 285,000 tons, down 16% from …
(Corrects to show that Kostin did not use the 400 billion rouble figure in paragraph 12) By Gleb Stolyarov and Darya Korsunskaya MOSCOW, Dec 18 (Reuters) – Russia’s government has ordered Russian Railways to sell a 62-floor central Moscow skyscraper to help the railway monopoly pay off some of its $50 billion debt, three sources …
KYIV, Dec 18 (Reuters) – The Ukraine-U.S. reconstruction fund, established as part of the minerals deal the two countries signed in April, on Thursday approved its asset policies and is poised to begin reviewing its first investment opportunities in 2026, the U.S. governmental body overseeing the fund said. The Development Finance Corporation (DFC) said in …
Ukraine-US fund approves investment policies as it eyes first projects in 2026 Read More »
By Tharuniyaa . Dec 18 (Reuters) – London stocks rose on Thursday, lifted by the Bank of England’s widely-anticipated interest rate cut and a lower-than-expected reading of U.S. inflation that bolstered the chances of further easing from the Federal Reserve. The UK’s blue-chip FTSE 100 closed up 0.65% at its highest in over a month. …
British stocks rise after BoE rate cut, softer US inflation data Read More »
By Ragini Mathur, Purvi Agarwal, Twesha Dikshit and Utkarsh Hathi Dec 18 (Reuters) – European shares made broad-based gains on Thursday, with lower-than-expected U.S. inflation strengthening hopes for Federal Reserve interest rate cuts in 2026 and the European Central Bank taking a more positive view of the economy after keeping rates on hold. The pan-European …
European shares gain after US inflation data, ECB rate decision aids investor optimism Read More »
FRANKFURT, Dec 18 (Reuters) – European Central Bank policymakers expect to keep interest rates steady next year but they are not yet ready to take a rate cut off the table because the outlook is too uncertain, three sources told Reuters. The ECB kept rates steady on Thursday and revised upwards some of its growth …
ECB policymakers see steady rates next year but cut not off table, sources say Read More »
By Francesco Canepa and Balazs Koranyi FRANKFURT, Dec 18 (Reuters) – The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing costs in the near term. Recent growth figures for the euro …
ECB upgrades growth outlook, closing door to more cuts Read More »
