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Sterling drops before Fed policy meeting, after UK inflation data

18 Dec 2024

By Stefano Rebaudo (Reuters) – Sterling fell versus the dollar before the Federal Reserve’s policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures were in line with analyst expectations. Consumer prices rose by an annual 2.6% in November, although services inflation held at …

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Exclusive-Uruguay payments provider DLocal explores sale, sources say

18 Dec 2024

By Milana Vinn NEW YORK (Reuters) -DLocal, a Latin American payments provider with a market value of about $3.6 billion, is exploring options including a potential sale, people familiar with the matter told Reuters on Wednesday. Montevideo, Uruguay-based DLocal, which counts buyout firm General Atlantic as its largest shareholder, is working with Morgan Stanley to …

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Poland adds media, telecommunication firms to strategic companies list

18 Dec 2024

WARSAW (Reuters) – Poland decided to add several media and telecommunication firms to its list of strategic companies, which means their takeover will not be possible without government consent, Prime Minister Donald Tusk said on Wednesday. Tusk had earlier said that private broadcasters TVN, owned by U.S. company Warner Discovery, and Polsat would be added …

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Britain’s Thames Water seeks debt lifeline approval in High Court

18 Dec 2024

By Sarah Young and Paul Sandle LONDON (Reuters) -Britain’s Thames Water started trying to convince a London court on Tuesday to approve a 3 billion pound ($3.8 billion) lifeline, one of several hurdles it must clear to avoid nationalisation. A High Court judge is hearing from Britain’s biggest water supplier and its creditors before deciding …

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EU approves 1.3 billion euro Italian state aid for new chip plant

18 Dec 2024

BRUSSELS (Reuters) – The European Commission has approved a 1.3 billion euro ($1.36 billion) Italian state aid measure to support Singapore-based semiconductor firm Silicon Box in setting up a new semiconductor advanced packaging facility in Italy’s Piedmont region, it said in a statement on Wednesday. It said the facility would be the “first-of-a-kind in Europe, …

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Porsche-Piech family pushes for VW German plant closures, FT reports

18 Dec 2024

(Reuters) – The Porsche-Piech family, controlling Volkswagen’s top shareholder, are increasingly concerned by the lack of progress in the German automaker’s restructuring and has been pressing for the closure of several German factories, the Financial Times reported on Wednesday. The family, which controls Porsche SE and through it holds 31.9% of Volkswagen, “made clear that …

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Russian households’ inflation expectations rise in December

18 Dec 2024

MOSCOW (Reuters) -Inflationary expectations among Russian households for the year ahead rose to 13.9% in December, the highest value since the start of the year, from 13.4% in November, the central bank said on Wednesday. Households inflationary expectations are an important gauge for the central bank when deciding on the key interest rate. The regulator …

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Unilever gets offer for its Unox and Zwan food brands

18 Dec 2024

(Reuters) – Unilever said on Wednesday it has received an offer for its Unox and Zwan meat and soup brands from Zwanenberg Food Group. The British consumer goods giant expects to close the deal, terms of which were not disclosed, by 2025. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

Maire, Newcleo team up to develop power stations based on advanced modular reactors

18 Dec 2024

MILAN (Reuters) – Italian engineering group Maire and Newcleo have signed an agreement to set up a joint venture aimed at building power plants based on the nuclear firm’s technology for advanced modular reactors, the two companies said on Wednesday. Newcleo will partner with Maire’s unit NEXTCHEM to accelerate the development and the commercialization of …

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