By Foo Yun Chee BRUSSELS (Reuters) -Grieg Seafood, SalMar and other Norwegian salmon producers will challenge EU charges of taking part in a cartel and fixing prices at a hearing in Brussels next week, the companies and three people with direct knowledge of the matter said. The closed-door hearing in front of senior antitrust officials …
Salmon producers to contest cartel charges at Sept 15-18 hearing Read More »
(Reuters) -The U.S. State Department has approved the potential sale of 32 F-35 aircraft as well as engines and other equipment to Romania in a deal valued at $7.2 billion, the Pentagon said in a release on Friday. The principal contractor for the aircraft would be Lockheed Martin Inc. The order also includes 33 engines …
US approves potential sale of F-35 aircraft and engines to Romania Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Elon Musk’s X social media platform is unlikely to be subjected to landmark EU tech rules which aim to rein in the power of Big Tech because it does not meet the rules’ gatekeeper criteria, a person with direct knowledge of the matter said on Friday. The European …
X unlikely to fall under landmark EU tech rules, source says Read More »
By Andy Bruce MANCHESTER, England (Reuters) – Britain’s second and third cities on Friday published plans for a new railway to counter the blow of last year’s government decision to gut much of the HS2 north-south high-speed rail project. The authorities of Manchester and the West Midlands said a new line between Birmingham and Manchester …
Manchester, Birmingham seek new UK railway to avert HS2 capacity crunch Read More »
By David Milliken LONDON (Reuters) -The British public’s expectations for inflation over the coming year dropped to their lowest in three years in August, a Bank of England survey showed on Friday, likely reassuring policymakers ahead of next week’s interest rate decision. The central bank closely watches surveys of public inflation expectations as a guide …
UK public’s inflation expectations fall to 3-year low, BoE survey shows Read More »
STOCKHOLM (Reuters) – The European Central Bank’s interest rate cuts support growth, but Europe should get on the road to better productivity, Finnish ECB Governing Council member Olli Rehn said on Friday. “Current uncertainties further emphasize the dependence on fresh data and analysis about the economy,” he said in a statement. (This story has been …
BERLIN (Reuters) -German government officials and UniCredit bankers have held talks after the Italian lender bought a 9% stake in Commerzbank, a German government source said on Friday. The talks, reported for the first time, is a significant development in the possible acquisition of one of Germany’s largest banks by a foreign institution. UniCredit declined …
Unicredit and German government talk after Commerzbank stake purchase, source says Read More »
By Alban Kacher (Reuters) -French payments group Worldline announced on Friday the departure of its long-time CEO Gilles Grapinet as it issued its third profit warning within a year, sending its shares sharply lower. The shares were down 17% by 0833 GMT, after hitting a record low earlier in the session and extending their year-to-date …
Worldline CEO exits as payments group issues another profit warning Read More »
BERLIN (Reuters) – The head of Germany’s central bank said on Friday that authorities would take a “very close look” at UniCredit’s overtures to potentially buy Germany’s Commerzbank, a sign that any deal would come under intense scrutiny. The comments by Joachim Nagel, head of the Bundesbank, are the most extensive by a top supervisor …
Regulators to scrutinise any Commerzbank-UniCredit deal, Nagel says Read More »
BUDAPEST/FRANKFURT (Reuters) – The European Central Bank’s two biggest shareholders expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone. French central bank governor Francois Villeroy de Galhau and Bundesbank president Joachim Nagel backed Thursday’s rate cut and struck a more confident tone than at any point over …
Top ECB governors voice confidence on inflation and rates Read More »
