By Waylon Cunningham (Reuters) -Moves by major U.S. fast-food chains to temporarily pull fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s, laid bare the recurring nightmare for restaurants: Produce is a bigger problem for restaurants to keep free of contamination …
PARIS (Reuters) -Credit ratings agency Moody’s revised France’s outlook to “negative” from “stable” on Friday, over mounting uncertainty that the country will be able to curb widening budget deficits, but maintained its rating on French debt at Aa2. Moody’s decision not to cut its rating on French debt is a relief for policymakers, as a downgrade …
Moody’s lowers France’s outlook on budget fears, maintains rating Read More »
By Sara Rossi MILAN (Reuters) – Ratings agency DBRS on Friday revised its trend on Italy to ‘positive’ from ‘stable’, saying it expected an improvement in the country’s fiscal path, in a boost to Prime Minister Giorgia Meloni’s government. The upgrade to the outlook follows a similar one by Fitch last week and shortly after …
DBRS revises Italy’s outlook to ‘positive’ on improved fiscal path Read More »
(Reuters) – British finance minister Rachel Reeves will increase employers’ national insurance by up to 2 percentage points in the Oct. 30 budget as she seeks to fund the National Health Service (NHS) and balance the books, the Times reported on Friday. Reeves is also expected to make a significant cut to the earnings thresholds …
UK finance minister Reeves to boost employers’ national insurance, The Times reports Read More »
WASHINGTON (Reuters) – The new French budget goes in the right direction but focus must now shift to implementation, and getting the deficit down as planned is a credibility test for the new government, French central bank chief Francois Villeroy de Galhau said on Friday. “Bringing the deficit back to 5% next year is really …
French budget a credibility test for government, French central bank chief says Read More »
By Maria Martinez BERLIN (Reuters) – German state-backed lender Commerzbank must be fully privatised, but the government is in no hurry, German Finance Minister Christian Lindner told Reuters in an interview on Friday. UniCredit has upset officials in Germany by becoming the biggest private investor in Commerzbank and preparing the ground to potentially become its …
Commerzbank must be fully privatised, but gov’t is not on a hurry, Lindner says Read More »
By Maria Martinez WASHINGTON (Reuters) – German Finance Minister Christian Lindner said he is working on his own proposals to stimulate growth in Europe’s biggest economy, which will not focus only on industry, but also on other economic sectors. “In the course of this public debate, we will of course also develop our own proposals …
German finance minister will soon announce his proposals to boost growth Read More »
(Reuters) -The London Stock Exchange Group is considering cutting around 200 jobs globally after its executives conducted a review of its business, Bloomberg News reported on Friday, citing people familiar with the matter. The cuts will affect less than 1% of the British exchange operator’s workforce globally and will largely impact its sales division, the …
LSEG considers cutting 200 jobs globally, Bloomberg News reports Read More »
WASHINGTON (Reuters) – European Union governments should refrain from interfering with banking consolidation, which the bloc needs to compete with other major economies, two senior bank executives said on Friday. The challenge of closer financial integration has taken fresh relevance in the euro zone after Italy’s UniCredit last month unveiled a stake in Commerzbank and …
Euro zone governments should not interfere with bank consolidation, bank execs say Read More »
By Ananya Mariam Rajesh (Reuters) -Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry <TPR.N>, hurting the Michael Kors owner’s chances of navigating challenges at the luxury brand. Tapestry agreed to buy Capri last year to create a U.S. luxury giant that could …
Capri tumbles 46% after US court blocks $8.5 billion merger with Tapestry Read More »
