FRANKFURT (Reuters) – A European Central Bank rate cut in April is increasingly likely since inflation is slowing, wage growth is moderating and service price pressures are easing, Greek central bank chief Yannis Stournaras said. “Everything points in the direction of a cut in April,” Stournaras, one of the longest serving members of the ECB’s …
Everything points towards ECB rate cut in April, Stournaras says Read More »
(Reuters) – British sportswear and fashion group Frasers Group has increased its stake in online fashion retailer ASOS to 25.13% from 24.21%, a stock exchange filing showed on Friday. With the latest stake purchase, Mike Ashley’s Frasers Group has now consolidated its position as the second-largest shareholder in ASOS, behind Denmark-based fashion firm Bestseller A/S, …
By Maria Martinez, Klaus Lauer and Elvira Pollina (Reuters) – German media group ProSiebenSat.1 said on Friday it would sell comparison website Verivox to Italy’s Moltiply Group for 231 million euros ($250 million) as it seeks to focus more on its core TV broadcasting business. The German company also said it had adjusted its outlook …
ProSiebenSat.1 sells Verivox to Italy’s Moltiply for $250 million Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank kept its key interest rate on hold at 21%, its highest level in more than 20 years, despite President Vladimir Putin’s request not to chill the economy and loud complaints from business leaders. The central bank raised its interest rate to 21% last …
Russia holds key rate at 21% despite Putin request not to chill the economy Read More »
By Aby Jose Koilparambil and Pushkala Aripaka (Reuters) -Britain’s competition regulator fined four sports broadcast and production companies about 4 million pounds ($5.2 million) in total on Friday for sharing sensitive information about fees for freelance camera operators and sound technicians. The Competition and Markets Authority (CMA) said five companies – Sky, BT, IMG, ITV …
UK antitrust watchdog fines sports broadcasters $5.2 million over freelance pay Read More »
MILAN (Reuters) -Italy’s Antitrust said on Friday it had opened a probe into state-owned railway operator Ferrovie dello Stato (FS) and its unit Rete Ferroviaria Italiana (RFI) over an alleged abuse of dominant position in the high-speed passenger transport market. RFI allegedly delayed, and in some cases obstructed, access to the national railway infrastructure, potentially …
Italy watchdog probes rail operator FS for alleged market dominance Read More »
By Sarah McFarlane and Shadia Nasralla (Reuters) – Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership reshuffle, two shareholders told Reuters. BP stock has underperformed rivals Shell and Exxon in …
Activist Elliott meets BP investors to discuss more changes, sources say Read More »
By Giulio Piovaccari and Alberto Chiumento MILAN(Reuters) – Prysmian, the world’s biggest cable maker, has signed a long-term partnership with U.S. firm Relativity Networks to produce hollow-core optical fibre cables to meet growing demand in data centres, the two companies said on Friday. Under the partnership, Prysmian will manufacture high-performance cables based on Relativity Networks’ …
Prysmian signs deal with U.S. Relativity Networks for new fibre cables Read More »
MOSCOW (Reuters) – Russia has no reliable data showing the extent to which foreign investors are interested in Russian assets, Central Bank Governor Elvira Nabiullina said on Friday, acknowledging that high rates were an enticing draw for non-residents. The central bank held its key interest rate at 21% on Friday and said more rate hikes …
Russia has no reliable data showing foreign inflows, central bank says Read More »
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s Bundesrat upper house of parliament on Friday approved plans for a spending splurge that aims to revive growth in Europe’s largest economy and scale up the military, clearing the final hurdle for the historic policy shift. Ending decades of German fiscal conservatism, the legislation creates …
