PARIS (Reuters) – French economic activity is holding up this month despite the latest wave of COVID-19 outbreaks sweeping the country, the central bank said on Tuesday. Drawing on its latest monthly survey of 8,500 French firms, the Bank of France estimated that economic activity was running at +0.75% of pre-pandemic levels this month, unchanged …
French growth on track despite latest COVID surge -central bank Read More »
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) is moving closer to appointing a new chief executive, with General Manager Pietro Labriola tipped as frontrunner, four sources familiar with the matter said on Tuesday. TIM, which faces a 10.8 billion euro ($12.24 billion) takeover approach from U.S. private equity investor KKR, has been without a …
KKR’s bid target TIM close to decision on new CEO, sources say Read More »
MILAN (Reuters) – Energy group Eni said on Tuesday an incident at one of the furnaces at a bio-refinery in southern Italy had triggered columns of smoke but had caused no damage to people or to plant. “At 1330 today inside a furnace of the Ecofining plant at the Gela biorefinery there was a technical …
Eni says incident at Gela biorefinery caused smoke but no damage Read More »
(Reuters) – Soaring power prices have rattled energy companies across Europe, forcing Germany’s Uniper to last week secure credit lines of up to $11 billion. RWE, another of the Germany’s largest utilities, said that it too had made credit provisions.[NG/GB][EL/DE] On Tuesday, fellow German utility STEAG said it had secured at least 100 million euros …
Factbox-Margin calls in spotlight amid Europe’s energy market turmoil Read More »
MILAN (Reuters) – UniCredit, Italy’s second biggest bank, is among lenders interested in Russia’s Otkritie Bank, which is looking for potential suitors more than four years after being bailed out, a person familiar with the matter said. Once Russia’s largest private bank by assets, Otkritie was rescued by the central bank in 2017 during a …
Italy’s UniCredit among suitors for Russia’s Otkritie Bank, source says Read More »
By Christoph Steitz FRANKFURT (Reuters) – German utility STEAG has secured at least 100 million euros ($113 million) in extra funding to shield it from skyrocketing prices, it told Reuters, as volatile energy markets force some companies to shore up their finances. STEAG, Germany’s fifth-largest utility, said it needed funding in the “low triple digit …
Exclusive-German utility STEAG secures extra credit to weather volatile energy prices Read More »
By Anisha Sircar and Ambar Warrick (Reuters) – Investors venturing back into tech shares along with upbeat expectations for the fourth-quarter earnings season led European stocks to recover on Tuesday, after fears of rising rates drove heavy losses in recent sessions. The pan-European STOXX 600 closed 0.8% higher, recovering from its worst day in 1-1/2 …
European stocks recover as tech snaps seven-day rout Read More »
ATHENS (Reuters) -The United States has expressed misgivings on a subsea pipeline designed to supply Europe with natural gas from the eastern Mediterranean, Greek government sources said, in an apparent U-turn over a project supported by the former Trump administration. Washington, under the Biden administration, let its concerns be known recently, in a note sent …
U.S. voices misgivings on EastMed gas pipeline -Greek officials Read More »
By Shashank Nayar (Reuters) -London’s blue-chip index rose on Tuesday, as global equities paused after a recent sell-off on concerns about tighter monetary policies, while midcap stocks bounced off near three-week lows. The internationally focussed FTSE 100 ended 0.6% higher, still lagging its European peers such as Germany’s DAX and France’s CAC 40 that have …
UK stocks edge higher, cybersecurity firm Darktrace soars on forecast lift Read More »
By Eric M. Johnson SEATTLE (Reuters) – Boeing Co bounced back to win the traditional annual order race against Airbus SE on an adjusted basis, but its European rival remained the world’s largest planemaker based on the number of jets delivered, data showed on Tuesday. Shares in Boeing rose around 2% after the closely watched …
Boeing wins annual jet order race on adjusted basis Read More »
