MADRID (Reuters) -Spanish telecoms company Telefonica has sold its unit in Argentina for $1.245 billion to Telecom Argentina as part of its strategy to gradually reduce its exposure to Latin America, it said on Monday evening. The signing and closing of the transaction took place on Monday, Telefonica said. The deal has sparked concerns in …
Spain’s Telefonica sells Argentina unit for $1.25 billion Read More »
By Brendan Pierson (Reuters) – Drug compounders sued the U.S. Food and Drug Administration on Monday over its decision last week to remove Novo Nordisk’s weight-loss and diabetes treatments Wegovy and Ozempic from its shortage list, a move that will sharply curtail the ability of compounders to sell cheaper versions of the medicines. The lawsuit, …
Drug compounders sue US FDA over removal of Wegovy, Ozempic from shortage list Read More »
By David Milliken LONDON (Reuters) -Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word “gradual”, Monetary Policy Committee member Swati Dhingra said on Monday. “I know ‘gradual’ has been interpreted in the media as 25 basis …
Bank of England’s Dhingra says policymakers divided over rate-cut pace Read More »
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Nvidia has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals. While the case does not have any impact on the …
Nvidia takes EU antitrust regulators to court for probing AI startup Run:ai bid Read More »
ZURICH (Reuters) -Switzerland’s Energy Infrastructure Partners (EIP) will take a majority stake in BayWa AG’s renewable energy unit BayWa r.e. through a capital increase that will see the German agricultural group’s holding fall to 35% from 51%. Reuters reported in July that energy investor EIP was in talks with BayWa AG to up its stake …
EIP takes majority stake in BayWa’s renewable energy unit Read More »
By Alexander Marrow and Darya Korsunskaya LONDON (Reuters) – Russia’s overheating economy is on the cusp of serious cooling, as huge fiscal stimulus, soaring interest rates, stubbornly high inflation and Western sanctions take their toll, but after three years of war, Washington may just have thrown Moscow a lifeline. U.S. President Donald Trump is pushing …
After three years of war, Trump hands Russian economy a lifeline Read More »
SOFIA (Reuters) – Bulgaria will ask the European Commission and the European Central Bank for an assessment on whether the Balkan country meets all criteria to join the euro zone in January next year, its finance minister said on Monday. “The latest data showed Bulgaria had met the inflation target,” Finance Minister Temenuzhka Petkova said, …
Bulgaria to ask for EU assessment on its readiness to adopt euro next year Read More »
LONDON (Reuters) – Britain on Monday announced what it said was its largest package of sanctions against Russia since the early days of the war in Ukraine, including companies worldwide that supply components used by the Russian military. The package, timed to mark the third anniversary of the Russian invasion, also targeted North Korea’s defence …
UK announces sweeping package of sanctions against Russia Read More »
(Reuters) -Gold Reserve said on Monday the Lisbon Court of Appeal confirmed the Canadian miner’s arbitration award against Venezuela, giving it green light to enforce about $1.1 billion in Portugal. Shares of the company rose 1.5% to C$2.63 in afternoon trade. The company said the judgment supports its ongoing efforts to enforce its arbitration award …
Gold Reserve can enforce $1.1 billion arbitration award against Venezuela in Portugal Read More »
(Reuters) -Britain’s struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago, both parties said on Monday. Shares in the London-listed company surged as much as 52% to 40 pence apiece in Monday’s trade. Sidara, which abandoned …
UK’s Wood Group renews takeover talks with Dubai’s Sidara Read More »
