FLORENCE, Italy (Reuters) -Italian banks support the European Central Bank’s digital euro project but want investments required by them to implement it to be staggered over time because the costs are high, a top official of the Italian Banking Association (ABI) said. The ECB has been working on a digital version of the single currency …
Italy’s banks back digital euro, want costs spread over time Read More »
(Reuters) -Diageo, the world’s top spirits maker, has considered external candidates for its chief executive role including outgoing GSK CEO Emma Walmsley, the Financial Times reported on Saturday, citing people familiar with the situation. Walmsley has not engaged with Diageo or its board on this matter and has “zero interest in the position,” a person …
Diageo has considered external candidates for CEO role, FT reports Read More »
ZURICH (Reuters) -Swatch Group will be removed from the benchmark Swiss Leader Index (SLI) next month, stock exchange operator SIX said, after a decline in the watchmaker’s market capitalization and lower trading volumes in its shares. The maker of Omega, Tissot and Longines watches will be replaced by Helvetia Baloise Holding in the 30-firm SLI …
Swatch to be removed from benchmark Swiss stock index after trading volumes, shares fall Read More »
WASHINGTON -The United States has granted Hungary a one-year exemption from sanctions connected to using Russian energy, a White House official said on Friday. (Reporting by Jeff Mason; Editing by Leslie Adler)
By Pete Schroeder WASHINGTON (Reuters) -Policy uncertainty, including on global trade and central bank independence, and overall geopolitical risk topped the list of financial stability concerns in a new Federal Reserve survey released on Friday. The biannual Financial Stability Report found that acute concern about trade had abated somewhat, while worry about artificial intelligence was …
Policy uncertainty, geopolitical risk are top stability concerns in latest Fed survey Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Apple, Meta Platforms and other tech giants may win a reprieve from the EU’s landmark artificial intelligence rules as regulators consider easing sections of the legislation as part of a drive to simplify a slew of regulations adopted in the last two years. The move by the European Commission …
Big Tech may win reprieve as EU mulls easing AI rules, document shows Read More »
(Reuters) -Pan-European exchange operator Euronext on Friday said it is cutting the acceptance threshold from 67% to 50% plus one share of the voting rights in its bid to take control of the Athens stock exchange. On Oct 6, Euronext made an offer to buy up to 100% of Hellenic Exchanges – the operator of the Athens bourse – in …
Euronext lowers acceptance threshold for buying Athens bourse Read More »
(Reuters) -UBS Group is winding down investment funds run by its hedge fund unit O’Connor, it said on Friday, after suffering losses due to exposure to bankrupt U.S. auto parts supplier First Brands Group. The liquidation comes after UBS CFO Todd Tuckner said in October the bank was moving ahead with O’Connor’s sale to U.S. brokerage …
UBS to liquidate O’Connor funds hit by First Brands bankruptcy Read More »
By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said not too much should be read into a shift in language in November’s Monetary Policy Report and that the central bank’s rate decisions were finely balanced. On Thursday, the BoE’s main summary of its monetary policy decision no longer included the words …
BoE’s Pill downplays shift from ‘careful’ rate cut language Read More »
(Reuters) -Boeing has begun work on the expansion of its North Charleston, South Carolina site to boost production of its 787 twin-aisle jet, the planemaker said on Friday, about a year after it first announced the plan. The planemaker will be able to raise monthly output of its 787 widebody aircraft to 10 a month …
Boeing says it has begun work on Charleston expansion to boost 787 production Read More »
