By Elvira Pollina MILAN (Reuters) – The head of Italy’s Bending Spoons says Milan is a great location for a start-up but he would probably favour New York were the tech company that owns services such as note-taking tool Evernote and photo editor Remini to list. The Italian app developer, whose products count 200 million …
Italian tech company Bending Spoons has eye on US for potential IPO Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to hike the key interest rate by 100 basis points (bps) to 20%, the same level as at the start of what Russia calls a “special military operation” in Ukraine, according to a majority of analysts polled by Reuters. Twenty-five analysts out of …
Russia’s key rate seen back at historic high of 20%: Reuters poll Read More »
By Kane Wu and Adwitiya Srivastava (Reuters) -Swedish investment firm EQT AB has formed a consortium with Neuberger Berman Private Markets and the Canada Pension Plan Investment Board to take ownership of international schools operator Nord Anglia Education for $14.5 billion including debt. The consortium will own a majority stake in the international schools organisation …
Sweden’s EQT, others to take control of Nord Anglia for $14.5 billion Read More »
BRUSSELS (Reuters) – The European Union said on Monday it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’s tech sector is lagging the United States and China. The initiative, dubbed by the EU as the “Trusted Investors Network”, comes as …
EU joins up with venture capital firms to boost region’s tech sector Read More »
MILAN (Reuters) – Italy is the chosen location for a 30 billion euro ($33 billion) data centre investment by a single foreign corporation, the country’s industry minister said on Monday without naming the company. “We just mentioned the 4 billion euro data centre investment in Lombardy,” Industry Minister Adolfo Urso told a gathering of Assolombarda, …
Italy picked for 30 billion euro data centre project by a single group, minister says Read More »
FRANKFURT (Reuters) – Euro zone inflation is increasingly likely to return to target next year but a bit more evidence is needed before the European Central Bank can declare victory, Slovak central bank chief Peter Kazimir said on Monday. Kazimir, an outspoken conservative, was one of the few policymakers to openly express doubt about the …
ECB’s Kazimir: increasingly confident in disinflation path Read More »
LONDON (Reuters) – The pound fell on Monday as investors focused on the relative strength of the U.S. economy, pushing up the dollar. Sterling was last down 0.2% at $1.3023, just above Thursday’s two-month low of $1.2975. The euro was up 0.1% at 83.35 pence, although it remained near its lowest level in 2-1/2 years …
MADRID (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday. The company had already warned that regulatory uncertainty, including the possibility that a windfall tax on energy companies …
MILAN (Reuters) – Italy’s government will present a state-backed company that will build advanced nuclear reactors in the country before the end of the year, the industry minister said on Monday. “By the end of the year, we will present an industrial entity that is capable of building next-generation nuclear reactors in our country and …
Italy to present state-backed newco to produce nuclear reactors before year-end Read More »
STOCKHOLM (Reuters) -Norway’s largest bank DNB has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish crowns ($1.14 billion), it said on Monday. The acquisition is set to enhance DNB’s presence in the Nordic region and increase its fee-based income, Chief …
Norwegian bank DNB to buy Sweden’s Carnegie for $1.14 billion Read More »
