MILAN (Reuters) -Italian banking unions on Tuesday challenged the figure provided by BNL, the Italian arm of French banking group BNP Paribas, over the take up of the previous day’s strike in a rare show of open confrontation in the sector. BNL on Monday said 29.8% of its workers had joined the strike – the …
BNP’s Italian bank, unions spar over strike take-up Read More »
By Stefano Rebaudo (Reuters) -German government bond yields steadied on Tuesday on fading concerns about the economic impact of the pandemic, while investors focused on tapering of central bank monetary stimulus. European shares rose to a five-week high on Tuesday, taking heart from Wall Street hitting record highs overnight, as risk appetite remains strong into …
German bond yields steady as Omicron fears subside Read More »
MILAN (Reuters) -Shares in Banca IFIS jumped as much as 6% on Tuesday after the small Italian bank said its parent company would complete a proposed move of its registered offices to Switzerland in January, lifting IFIS’ capital ratios. Banca IFIS is 50.5% owned by La Scogliera, a holding company that belongs to Italy’s Fuerstenberg …
Shares in Italy’s Banca IFIS jump on capital boost Read More »
MOSCOW (Reuters) -The Yamal-Europe pipeline that usually delivers Russian gas to Western Europe was sending the fuel back to Poland for an eighth straight day on Tuesday, according to data from German network operator Gascade. Data showed flows at the Mallnow metering point on the German-Polish border were going east into Poland at an hourly …
Russian gas continues to flow east via Yamal-Europe pipeline Read More »
By Olesya Astakhova MOSCOW (Reuters) – Russia is unlikely to hit its May target of pre-pandemic oil output levels due to a lack of spare production capacity but could do so later in the year, analysts and company sources said on Tuesday. Deputy Prime Minister Alexander Novak, in charge of Moscow’s ties with the OPEC+ …
Analysis-Russia seen missing its May target for pre-pandemic oil output Read More »
BERLIN (Reuters) – The European Union’s relationship with Switzerland could fall apart if negotiations over Switzerland’s place in the EU internal market fail, European Commission Vice President Maros Sefcovic, told Der Spiegel magazine. Brussels has pushed for years for a treaty to cap an array of bilateral accords and require the Swiss to routinely adopt …
Swiss-EU relationship could fall apart if talks fail, EU’s Sefcovic says Read More »
MADRID (Reuters) -Spain’s Telefonica has reached an agreement with labour unions to cut some 15% of its domestic workforce via voluntary redundancies in a plan estimated to cost it 1.5 billion euros ($1.7 billion) this year, the telecoms group said on Tuesday. The plan to cut around 2,700 jobs in an increasingly competitive market in …
Telefonica reaches agreement to cut about 2,700 jobs in Spain Read More »
CAPE TOWN (Reuters) – A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa’s pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas. On Dec. 3 a different high court order gave Shell the go-ahead …
S.African court halts Shell’s offshore seismic survey Read More »
MILAN (Reuters) – Billionaire Leonardo Del Vecchio said Italian companies often favour dividends to growth, daily Il Corriere della Sera quoted him as saying on Tuesday. “Dividends today are often at the expense of companies dimensional growth,” he said. Del Vecchio, 86, is the founder of eyewear giant Luxiottica, now EssilorLuxiottica, and the top investor …
Billionaire Del Vecchio says Italian companies too focused on dividends – press Read More »
MOSCOW (Reuters) – Russian gas giant Gazprom has not booked gas transit capacity for exports via the Yamal-Europe pipeline for Dec. 28, auction results showed on Tuesday. The pipeline that normally brings Russian gas into western Europe flowed in reverse for a seventh day on Monday, a situation Moscow blames on German speculation, despite surging …
Gazprom books no transit capacity via Yamal-Europe pipeline for Dec. 28 Read More »
