By Andrea Mandala MILAN (Reuters) – Italy’s Banca Popolare di Sondrio is open to exploring all options for its future, its CEO said on Wednesday after shareholders approved long-delayed governance changes that could open the mutual bank up to a merger. Yet Mario Pedranzini stressed that, while M&A was an option, Popolare di Sondrio was …
Italy’s Pop Sondrio to explore all options after shedding mutual status Read More »
ROME (Reuters) – Italian restaurant and club owners are seeking urgent government support due to increased cancellations prompted by a surge in coronavirus infections, they said in a statement on Wednesday. Business group Fipe-Confcommercio said the growing number of cases and the quarantine rules imposed on close contacts of COVID-19 sufferers had prompted 25%-30% cancellations …
Italy’s restaurants cry for help as COVID bites into New Year bookings Read More »
MADRID (Reuters) -Spanish insurer Mapfre said on Wednesday it had sold its stake in Bankia’s insurance business to Caixabank in a 571 million euro ($645.12 million) deal, although it has begun arbitration that could increase the value. Caixabank, which took over Bankia in March, has agreed to pay 324 million euros for Mapfre’s 51% stake …
Spain’s Caixabank takes over Bankia insurance business from Mapfre Read More »
By Tom Sims and Hans Seidenstuecker FRANKFURT (Reuters) -German financial regulator BaFin has fined Deutsche Bank nearly $10 million for controls related to the Euribor interest rate in a setback for the nation’s largest lender as it seeks to restore its reputation. The 8.66 million euro ($9.77 million) fine announced on Wednesday is the first …
Deutsche Bank fined almost $10 million over Euribor controls Read More »
BERLIN (Reuters) – The semiconductor industry’s struggle to keep up with incoming orders looks set to continue as supply bottlenecks may last until the end of 2022, a member of German chipmaker Infineon’s management board told the Handelsblatt newspaper on Wednesday. “The bottlenecks will extend well into 2022 and could even last until the end …
Infineon sees supply bottlenecks until end of 2022 – Handelsblatt Read More »
KYIV (Reuters) – Ukraine, facing a lack of fuel for thermal power plants and surging gas prices, aims to increase its uranium production to cover fully the needs of its nuclear power units after 2026, the government said on Wednesday. Under a national programme the government adopted on Wednesday, Ukraine will invest 9.1 billion hryvnia …
Ukraine aims to produce enough uranium for nuclear energy needs Read More »
MILAN (Reuters) – Italy’s Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman. The plant, to be built in Brayton Point, Massachusetts, is part of two contracts …
Italy’s Prysmian to invest 200 million euros to build U.S. submarine cable plant Read More »
FRANKFURT (Reuters) – Lending to euro zone companies accelerated for the third straight month in November, reversing in part a steady decline in the early part of the year, European Central Bank data showed on Wednesday. Lending to euro zone businesses expanded by 2.9% last month, a pick-up from 2.5% in October but well below …
BERLIN (Reuters) – The European Union’s Economy Commissioner wants to set debt limits on an individual basis for member states under a proposed reform of the EU Stability Pact that he aims to present around mid-2022, he told daily Frankfurter Allgemeine Zeitung. Paolo Gentiloni called in November for a debate on reforming EU debt rules …
EU’s Gentiloni targets individual debt limits for states under reform plan Read More »
MOSCOW (Reuters) – Russia believes that the Nord Stream 2 gas pipeline will get the necessary certification and eventually start working, Russian Deputy Prime Minister Alexander Novak told RBC media on Wednesday. Construction on the pipeline, which runs from Russia to Germany on the bed of the Baltic Sea and bypasses Ukraine, was completed in …
Russia says failure to certify Nord Stream 2 is not an option -RBC Read More »
