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Brazil’s Unipar to receive $80 million deal settlement from Belgium’s Solvay

7 Dec 2021

SAO PAULO (Reuters) – Brazilian petrochemical company Unipar Carbocloro will receive $80 million in the fourth quarter after an agreement related to the acquisition of Indupa, the company said in a securities filing on Tuesday. The settlement was reached with Belgium’s Solvay SA, which sold Solvay Indupa to Unipar in December 2016. The parties reached …

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Uber, Deliveroo could be hit by draft EU rules for gig workers

7 Dec 2021

By Foo Yun Chee BRUSSELS (Reuters) – Uber, Deliveroo and other online platform companies may have to reclassify some of their workers as employees under draft European Union rules meant to boost their social rights, according to an EU document seen by Reuters. The proposal from the European Commission, the first in the world, comes …

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French economy set for fourth quarter growth slightly below 0.75% – central bank

7 Dec 2021

PARIS (Reuters) – The French economy is set to grow a bit less than 0.75% in the final quarter of this year as firms grapple with an increasingly uncertain health situation, the central bank said on Tuesday. With France now in its fifth wave of COVID-19 outbreaks, the outlook was marginally less optimistic than last …

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Britain’s Tesco outperforming rivals, but strike threat grows

7 Dec 2021

LONDON (Reuters) -Shares in Tesco rose on Tuesday after industry data showed Britain’s biggest retailer had gained its highest market share since February 2019, though the threat of pre-Christmas strikes has escalated. The stock closed up 1.3%, extending 2021 gains to 23%, after market researcher Kantar showed Tesco significantly outperformed its main rivals – Sainsbury’s, …

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Ex-Libor trader Tom Hayes’s attempt to appeal conviction provisionally blocked

7 Dec 2021

By Kirstin Ridley LONDON (Reuters) -Tom Hayes, the British trader who became the face of the global Libor interest rate scandal, has been blocked from referring his conviction back to the Court of Appeal in a provisional decision by the Criminal Cases Review Commission (CCRC). The former star UBS and Citigroup trader, who was released …

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Tech, auto help European shares to best gains in over a year

7 Dec 2021

By Anisha Sircar and Susan Mathew (Reuters) -European stocks jumped 2.5% on Tuesday, boosted by a strong rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers. The continent-wide STOXX 600 index logged its best session since last November, bouncing back to …

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