(Reuters) -The European Central Bank has launched a task force, chaired by Vice President Luis de Guindos, that will look for ways of simplifying banking rules in Europe, a source familiar with the matter told Reuters on Saturday. The central bank governors of Germany, France, Italy and Finland are also part of the task force, …
ECB forms group to simplify banking rules, source says Read More »
(Reuters) -Bank ring-fencing should be scrapped to support the UK economy, bank bosses from HSBC, Lloyds, NatWest and Santander UK said in a letter to the finance ministry, which said it would work with them to boost growth. In a letter sent to British finance minister Rachel Reeves this week, first reported by Sky News …
Top British bank chiefs urge finance minister to scrap ring-fencing in letter Read More »
(Reuters) -Google DeepMind staff in Britain plan to unionise to challenge the company’s decision to sell its artificial intelligence (AI) technologies to defence groups with ties to the Israeli government, the Financial Times reported on Saturday. About 300 London-based staff of Google DeepMind have been seeking to join the Communication Workers Union (CWU) in recent …
DeepMind UK staff plan to unionise and challenge deals with Israel links, FT reports Read More »
MILAN (Reuters) -Pirelli’s board is expected to approve on Monday an accord between shareholders to establish that the group’s largest investor, China’s state-owned Sinochem, does not exercise control over the tyre maker, an Italian daily said. Chinese and Italian shareholders in Pirelli have been at odds over the group’s governance, with Sinochem posing a hurdle …
Pirelli set to declare end of Chinese investor’s control over governance, paper says Read More »
BELGRADE (Reuters) -Serbian oil company Naftna Industrija Srbije, which is majority-owned by Russia’s Gazprom Neft and Gazprom, secured a third sanctions waiver from the United States, President Aleksandar Vucic said on Saturday. NIS operates a single oil refinery in Serbia with annual capacity of 4.8 million tons. It covers most of the Balkan country’s needs …
Serbia’s NIS oil firm gets new sanctions waiver from US Read More »
BERLIN (Reuters) -German chemicals maker Evonik plans to pause acquisitions for the next two years as it focuses on the largest restructuring in the company’s history, its CEO was quoted on Saturday as saying. “Our triple-step strategy – save, restructure, and grow – is complex enough. We’ll look beyond 2027,” Christian Kullmann said in an …
Germany’s Evonik to pause acquisitions for two years, CEO says Read More »
By Amy-Jo Crowley and Milana Vinn LONDON/NEW YORK (Reuters) -CD&R and Nordic Capital are among private equity groups weighing possible bids for Clarivate’s intellectual property (IP) unit, two people with knowledge of the matter told Reuters. Clarivate, which has headquarters in London, said in February it was exploring strategic alternatives including potential divestments as part …
Exclusive-Clarivate’s IP unit draws private equity interest, sources say Read More »
By Jonathan Stempel NEW YORK (Reuters) -Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed the business that created those assets. In a proposed class action filed in Brooklyn, New York federal court, purchasers led …
SAO PAULO (Reuters) -Shareholders in Carrefour Brasil, legally known as Atacadao SA, approved a proposal from its parent, French retailer Carrefour, to take the Brazilian unit private, according to a securities filing on Friday. Carrefour will pay 8.50 reais ($1.50) in cash per share that it does not currently hold in Carrefour Brasil, as proposed …
Shareholders approve Carrefour bid to take Brazil unit private Read More »
By Maria Martinez BERLIN (Reuters) -Germany is likely to ask the European Commission for an exemption from European Union borrowing limits to increase defence spending in coming years without breaking EU rules, German Finance Minister Joerg Kukies told Reuters on Friday. “It looks likely that we may do that, but the final decision needs to …
Germany likely to ask for EU leeway on defence spending, finance minister says Read More »
