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MADRID/FRANKFURT (Reuters) – Spanish supervisors said on Monday they had fined Germany’s Deutsche Bank 10 million euros ($10.32 million) for infringements related to advice given to Spanish clients on financial instruments based on currencies. Deutsche Bank said it would appeal the ruling and that it had improved its controls and processes. Last year, Spain’s CNMV …

Spain fines Deutsche Bank $10 million for client advice on forex derivatives Read More »

PARIS (Reuters) -France’s EDF said on Monday it had identified four sites on its own land for data centres, as the state-owned utility seeks to speed up investments in the power-hungry infrastructure. EDF’s statement came as France hosts a summit on artificial intelligence (AI) with political and business leaders discussing issues around the nascent technology. …

France’s EDF identifies land for data centres Read More »

By Nikhil Sharma and Johann M Cherian (Reuters) -Europe’s benchmark index settled at an all-time high on Monday, boosted by energy stocks, while markets weighed U.S. President Donald Trump’s warning of fresh tariffs on all steel and aluminium imports into the United States. The pan-European STOXX 600 index gained 0.6%, with the oil and gas …

European shares close at record high on energy boost; US tariffs eyed Read More »

PARIS (Reuters) -France’s antitrust agency is investigating Microsoft over concerns that it is degrading the quality of results when smaller rivals pay to use Bing technology in their own search-engine products. “We are fully cooperating with the Autorite’s investigation,” a Microsoft spokesperson said, referring to the regulator’s French name. Bloomberg reported the investigation earlier on …

French antitrust agency probing Microsoft over Bing access Read More »

(Reuters) – London’s blue-chip FTSE 100 closed at an all-time high on Monday, boosted by oil major BP, while a rise in precious metal miners also powered gains on the index. The FTSE 100 index rose 0.8%, closing at a new record high start to the week, while the domestically focused FTSE 250 midcap index …

FTSE 100 notches fresh record close on boost from BP, commodity-linked stocks Read More »

MILAN (Reuters) – Italy’s Mediobanca on Monday beat expectations with its quarterly earnings and improved its outlook for its next financial year as it seeks to fend off an unsolicited bid from smaller rival Banca Monte dei Paschi. The bank’s net profit for the first half of its fiscal year, which runs from July to …

Bid target Mediobanca improves outlook after better-than-expected H1 profit Read More »