OSLO (Reuters) -Danish lender Nykredit has agreed to offer 24.7 billion Danish crowns ($3.50 billion) in an all-cash bid to buy domestic rival Spar Nord Bank, the two companies said in a joint statement on Tuesday. “The merger will create the third-largest bank in Denmark with a strong customer-ownership, Denmark’s largest branch network and solid …
Denmark’s Nykredit in $3.5 billion deal to buy Spar Nord Bank Read More »
ROME (Reuters) – Italy will scale back plans to increase taxes on cryptocurrency capital gains, ruling politicians said on Tuesday, following criticism from the affected industry and rows within the party of the economy minister. “The tax increase will be significantly reduced during the parliamentary work,” lawmaker Giulio Centemero and Treasury Junior Minister Federico Freni, …
Italy to scale back tax hike on cryptocurrency capital gains, lawmakers say Read More »
NEW YORK (Reuters) – Europe’s biggest worry is not tariffs that might be introduced by the incoming administration in the United States, but low productivity, Swedish Finance Minister Elisabeth Svantesson said on Tuesday. “The destiny of Europe is not in the new administration’s hands. We need to step up,” Svantesson, who was speaking on a …
REUTERS NEXT – Low productivity bigger worry for Europe than potential tariffs Read More »
PARIS (Reuters) -Striking workers at the Paluel nuclear power plant in northern France disrupted some 1.5 gigawatts (GW) of electricity supply from the site operated by state-owned power giant EDF on Tuesday, data from the company showed. The disruption comes on the final day of salary negotiations, a spokesperson for the hardline CGT union told …
French power supply disrupted by striking workers Read More »
AMSTERDAM (Reuters) – STMicroelectronics, one of Europe’s biggest computer chip companies, has launched a new series of microcontrollers, its first for so called edge AI and machine learning. The French-Italian company said on Tuesday that it expects the STM32N6 series to find applications in consumer and industrial electronics to perform image and audio processing that …
By Kirstin Ridley and Sinead Cruise LONDON (Reuters) – Britain’s markets regulator on Tuesday urged the government to provide more clarity about who holds the blame for financial failures as it attempts to balance an objective to promote growth and competition by encouraging greater risk-taking. Vowing that standards would remain high, the Financial Conduct Authority’s …
Competing priorities will lead to trade-offs, UK markets watchdog says Read More »
By Naomi Rovnick LONDON (Reuters) – The threat of soaring government debt supply destabilising financial markets has intensified, the world’s top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage. Claudio Borio, head of the Bank for International Settlements’ monetary and economic department, said he was …
Government debt glut could rock markets in 2025, BIS says Read More »
By Aby Jose Koilparambil and Yadarisa Shabong (Reuters) – Ashtead is proposing to move its primary listing to New York from London, the equipment rental company said on Tuesday, as it also cut its revenue and profit expectations on persistent weakness in the U.S. construction market. The profit outlook downgrade sent Ashtead’s shares down as …
UK’s Ashtead plans New York listing, profit warning spooks investors Read More »
(Reuters) -Oracle’s shares tumbled more than 9% on Tuesday after its quarterly revenue fell short of Wall Street expectations, signaling investor concerns over fierce competition in the cloud business amid booming demand from AI service providers. At $172.78, the company was on track to lose nearly $50 billion in market capitalization if losses hold. Oracle’s …
Oracle slides as revenue target miss spotlights tough cloud competition Read More »
By Andrey Sychev and Alexander Hübner (Reuters) -Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. Shares in Allianz fell 1.3% by 0832 GMT. The operator of the PIMCO brand sees operating profit rising by three billion euros from …
Allianz raises financial targets for next three years Read More »
