By Ariane Luthi and Oliver Hirt ZURICH (Reuters) – New banking rules for UBS could face a long delay after Switzerland’s finance ministry on Wednesday said it wanted lawmakers to decide on key capital requirements and that a referendum to approve them might be at least three years away. How much capital the foreign subsidiaries …
UBS capital rules face long delay as government changes tack on key metric Read More »
(Reuters) – Embattled Swiss solar panel maker Meyer Burger said on Wednesday its bondholders have approved changes to convertible bonds maturing in 2027 and 2029 to inject fresh capital into the business and restructure existing liabilities under certain convertible bonds. Meyer Burger is one of the few European solar panel makers left after the market …
Meyer Burger bondholders approve changes for fresh capital injection Read More »
MILAN (Reuters) -Tyremaker Pirelli will seek to limit the impact of possible tariffs, including by expanding U.S. output, it said on Wednesday, while forecasting an adjusted earnings before interest and tax (EBIT) margin of around 16% for 2025, higher than last year. The Italian tyremaker makes around 25% of its revenues on the North American …
Pirelli considers US investment to curb tariffs impact Read More »
By Francesco Canepa FRANKFURT (Reuters) -The European Central Bank is poised to give Italy’s UniCredit the green light to build up its stake in German rival Commerzbank, a person familiar with the matter told Reuters, a move that could pave the way for Europe’s biggest cross-border banking deal since the global financial crisis. ECB staff …
Exclusive-ECB poised to approve UniCredit’s investment in Commerzbank, source says Read More »
LONDON (Reuters) – Britain’s Financial Conduct Authority is to look into potential conflicts of interest at firms managing private assets and if there is any adverse impact on investors, it said on Wednesday. Money managers are ramping up activity in private markets, which include funds focused on infrastructure and credit, in response to a shift …
UK finance watchdog to review ‘conflict of interest’ in private markets Read More »
By Roman Churikov, Olga Popova and Yevgeniy Matveev MOSCOW (Reuters) – Washington’s push to swiftly end the conflict in Ukraine has sparked speculation that Western brands may want to return to Russia, but from fashion to cars, the markets they vacated now look more competitive than three years ago. As Ukraine marked the anniversary of …
From fashion to cars, Russian markets pose new test for Western brands weighing return Read More »
MILAN (Reuters) – Telecom Italia (TIM) is considering pushing back to as late as June its annual shareholder meeting currently scheduled for April 10, two sources close to the matter told Reuters. TIM’s directors could discuss the potential postponement at a board meeting on Friday, one of the sources said. TIM declined to comment. At …
Telecom Italia considers delaying annual general meeting, sources say Read More »
(Reuters) – Following are some key details of a draft framework minerals agreement between Ukraine and the United States, a copy of which – dated Feb. 25 – has been reviewed by Reuters. RECONSTRUCTION INVESTMENT FUND – The document is titled “BILATERAL AGREEMENT ESTABLISHING TERMS AND CONDITIONS FOR A RECONSTRUCTION INVESTMENT FUND”. – The two …
Factbox-Key provisions of the US-Ukrainian draft minerals deal Read More »
By Nora Eckert DETROIT (Reuters) – Stellantis faces uncertainty around tariffs promised by U.S. President Donald Trump that could significantly reduce its profits, while the Jeep-maker is already struggling to recover from what it called a “rough” 2024. The Franco-Italian-U.S. group argued that Trump’s administration should avoid implementing tariffs that would disproportionately hit automakers that …
Chairman of automaker Stellantis urges Trump to keep Mexico, Canada ‘tariff-free’ Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) – European shares closed at a record high on Wednesday as corporate earnings took centre stage and investors assessed the impact of a critical minerals agreement between the U.S. and Ukraine. The pan-European STOXX 600 index was up 1%, boosted by banks for a second consecutive session. Insurers …
European shares close at record high after upbeat earnings; US-Ukraine deal in focus Read More »
