By James Davey LONDON (Reuters) – British retail tycoon Mike Ashley has failed in his attempt to be appointed to the board of Boohoo after shareholders in the struggling online fast-fashion group voted against the move. Boohoo said 64% of votes cast at its investor meeting on Friday opposed the election of Ashley, the founder …
Frasers founder Mike Ashley fails to win seat on Boohoo board Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank kept its key interest rate on hold at 21% on Friday, surprising the market, which had expected a 2 percentage point increase, and saying recent tightening had created conditions for inflation to fall towards its target. The decision came a day after President …
Russian central bank keeps rates on hold after Putin’s call for ‘balance’ Read More »
(Reuters) – Volkswagen and its works council reached a provisional deal on cost-cutting measures that still requires further scrutiny and agreement from both sides, Handelsblatt reported on Friday, citing people familiar with the proceedings. The agreement would meet the company’s target to save billions of euros and make less drastic cuts to factories than expected, …
VW and works council reach provisional deal, Handelsblatt reports Read More »
Dec 20 (The Insurer): UK motor insurer Direct Line has started its move onto price comparison websites with the launch of three new products under its own brand. In an announcement on Friday, Direct Line said it will initially begin selling via Compare the Market and intends to expand the availability of the new products …
Direct Line begins price comparison site rollout Read More »
MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank unexpectedly held its key rate at 21%. Nabiullina and Zabotkin spoke in Russian. The quotes below were translated into English by Reuters. NABIULLINA ON THE RATE DECISION “We considered three options: …
Russia’s Nabiullina on rate decision, rouble and monetary policy Read More »
MILAN (Reuters) – Automaker Stellantis said on Friday a pause in production of its electric Fiat 500 city car will be extended by another couple of weeks until Jan. 20, confirming the expectations of trade unions. Car assembly lines at Mirafiori, the historic northern Italian factory where the Fiat 500 is made, have been halted …
Stellantis extends stoppage at Fiat 500 plant until Jan. 20 Read More »
By Greta Rosen Fondahn (Reuters) – Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure from divided Bank of England policymakers’ views and a U.S. Federal Reserve that is now more reluctant to lower interest rates. The pound was flat against the dollar at …
Sterling set to end week in red against dollar as outlooks diverge Read More »
(Reuters) -Germany’s parliament on Friday agreed to exempt countries transiting gas from a domestic gas levy, a move welcomed by eastern neighbours who argued the fee hampered their efforts to diversify away from Russian supplies. Germany agreed in May to scrap the tariff following heavy lobbying from Austria, the Czech Republic and Slovakia, who said …
By Can Sezer ISTANBUL (Reuters) -Turkey and Hungary said they have received exemptions for gas payments to Russia after the United States imposed sanctions on Gazprombank, removing a major hurdle to the gas trade with Moscow. The U.S. in November imposed new sanctions over the Ukraine conflict on Russia’s Gazprombank, one of the country’s largest …
Turkey, Hungary say US grants waivers for Russian Gazprombank gas payments Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla is aiming to post slight growth in 2024 deliveries over last year with generous incentives across its EVs – but a lot depends on the success of the new Cybertruck pickup, which is showing signs of weakness, analysts said. After years of rapid growth, Tesla delivered a …
Tesla’s 2024 deliveries growth might hinge on Musk’s unorthodox Cybertruck Read More »
