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BERLIN (Reuters) – German Finance Minister Joerg Kukies on Monday said that Berlin is concerned by “intransparent, opaque behaviour” by UniCredit as part of the Italian bank’s takeover interest in Commerzbank. “What we have concerns about in this specific case that you named is the very intransparent, opaque behaviour of the bank that you named, …

German finance minister criticises UniCredit approach for Commerzbank as opaque Read More »

BRUSSELS (Reuters) – The European Commission will host European automakers, suppliers and trade unions for a first round of talks on Jan. 30 designed to produce EU plans to protect the struggling sector that is vital for the bloc’s prosperity. Commission President Ursula von der Leyen told EU lawmakers late last year that she would …

EU to host auto sector talks to tackle waning competitiveness Read More »

LONDON (Reuters) – Clifford Chance’s lawsuit against Societe Generale over the law firm’s representation of the French lender in a dispute over a $483 million gold deal can continue in London, the Court of Appeal ruled on Monday. Clifford Chance acted for Societe Generale between 2008 and 2017 after it sued Turkish jewellers Goldas Kuyumculuk …

Clifford Chance’s lawsuit against SocGen can continue in London, appeal court rules Read More »

LONDON (Reuters) – British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking and insurance, over the coming months to formulate a new growth and competitiveness strategy. “I am committed to working hand-in-hand with the industry to make sure that our plans are informed by …

UK’s Reeves to meet key financial services sectors Read More »

By Anne Kauranen HELSINKI (Reuters) – Russia’s oil shipments via the Baltic Sea fell by roughly 10% in the last four months of 2024, the Finnish Border Guard said, as the impact of EU sanctions against Russian oil and gas exports adopted in June took effect. Baltic Sea nations are on alert after disruption of …

Russia’s Baltic oil shipments fall 10% after EU sanctions, Finland says Read More »

MADRID (Reuters) – Spanish telecom giant Telefonica’s shares fell around 3% on Monday, with investors wary of political interference after an unexpected ouster of its chief executive prompted by a request from the government. Telefonica’s board decided in an extraordinary meeting held on Saturday to replace CEO Jose Maria Alvarez-Pallete with Marc Murtra, the chairman …

Telefonica shares hit by concerns of government meddling in CEO change Read More »

ROME (Reuters) – Avincis, Europe’s largest provider of emergency air services, said on Monday it renewed its contract with Italy to operate the country’s fire planes, for 479 million euros ($494.42 million) over the next seven years. Under the deal, the group will operate 18 Canadairs, the largest fleet the world, owned by the national …

Avincis renews contract to operate Italy’s fire planes for $495 million Read More »