By Sukriti Gupta and Nikhil Sharma (Reuters) -European shares extended their winning streak on Monday, with investors focussing on developments from the trade war alongside the U.S. Federal Reserve’s policy meeting later this week. The pan-European STOXX 600 index ended 0.2% higherto mark its 10th consecutive session of gains, its longest winning streak since August …
By Jesús Aguado and Alexandra Schwarz-Goerlich MADRID/VIENNA (Reuters) -Erste Group Bank has bought a 49% stake in Santander’s Polish bank for around 6.8 billion euros ($7.7 billion), turning Austria’s largest lender into one of the most important banks in Poland and freeing up billions for Santander. Santander, the euro zone’s biggest lender, and Erste also …
Austria’s Erste Group strikes deal with Santander to expand in Poland Read More »
MOSCOW (Reuters) -Russia’s Rosatom has filed a lawsuit in Moscow against Finland’s Fortum and Outokumpu, demanding 227.8 billion roubles ($2.8 billion) in compensation for losses over the termination of a contract for the Hanhikivi-1 nuclear power plant in Finland, court documents and Rosatom’s statement show. Rosatom is seeking compensation for losses caused “by the unlawful …
Russia’s Rosatom sues Finnish firms $2.8 billion over nuclear plant contract Read More »
By John Revill ZURICH (Reuters) -Proxy advisers Institutional Shareholder Services and Glass Lewis have recommended Swatch Group shareholders vote against the re-election of the watchmaker’s supervisory board, raising concerns about their independence. ISS said investors should vote against chair Nayla Hayek, who has been head of Swatch’s board since 2010, and her brother Nick Hayek, …
Swatch shareholders should reject board re-election, proxy advisors say Read More »
BRUSSELS (Reuters) – The European Union will present a roadmap plan on May 6 on how to wean itself off Russian energy, European Commission spokesperson Stefan de Keersmaecker said on Monday. “Tomorrow, the College will discuss a roadmap to end Russian energy imports,” he said, referring to the EU’s college of commissioners from the 27 …
EU to present plan on Tuesday on how to wean itself off Russia energy Read More »
MILAN (Reuters) -Italian fashion group OTB, which owns brands such as Diesel, Jil Sander and Maison Margiela, is assessing the extent of price increases in the United States if trade tariffs are confirmed, the group’s CEO said on Monday. European luxury goods companies, including Prada, are evaluating potential price hikes. Last month, Hermes said it …
Italian fashion group OTB assessing extent of price hikes in US Read More »
(Reuters) -Onsemi forecast second-quarter revenue above Wall Street expectations on Monday, as demand for its chips used in electric vehicles remains resilient despite economic uncertainty brought on by U.S. President Donald Trump’s tariffs on auto imports. Orders for Onsemi’s silicon carbide chips have been helped in the first quarter by growth in EV sales in …
Chipmaker Onsemi forecasts upbeat quarterly revenue on resilient demand from EV makers Read More »
By Kate Abnett and Marwa Rashad BRUSSELS/LONDON (Reuters) -The European Union will on Tuesday announce a roadmap to phase out the bloc’s remaining gas ties with Moscow, but in the absence of sanctions it will be difficult for buyers to exit gas contracts using legal options such as force majeure. The roadmap will be presented …
EU seeks to cut remaining Russian gas ties, but legal options limited Read More »
MADRID (Reuters) -The Spanish government will open a public consultation over the proposed acquisition of Banco Sabadell by its larger rival BBVA, Prime Minister Pedro Sanchez said on Monday. “The Spanish government will open tomorrow a consultation … in order to gather the opinion of citizens’ organisations and associations,” Sanchez said, adding that Madrid’s aim …
Spain to hold public consultation over BBVA-Sabadell deal Read More »
By Mathieu Rosemain and Gianluca Lo Nostro PARIS (Reuters) – Franco-British satellite operator Eutelsat will replace its CEO with Orange executive Jean-Francois Fallacher, it said on Monday, in a surprise move by a company in the spotlight for its role in European defence communications. Fallacher, currently CEO of Orange France, will take over on June …
Eutelsat replaces CEO with Orange executive in surprise move Read More »
