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MOSCOW (Reuters) – A Russian court has ordered that Commerzbank assets worth 94.9 million euros ($101.86 million) be awarded in damages to a company overseeing construction of a gas processing plant in northwest Russia, court documents showed. Commerzbank was one of the guarantor lenders under a contract for the construction of the gas processing plant …

Russian court orders Commerzbank assets be awarded to pipeline firm Read More »

By Jan Strupczewski BRUSSELS (Reuters) -European Union finance ministers cautiously backed on Thursday the idea of an EU industrial policy that would help correct market failures, work where better solutions cannot be used or to provide EU public goods, the chairman of the ministers said. “We did acknowledge that there can indeed be situations in …

EU finance ministers see some use for EU industrial policy Read More »

WARSAW (Reuters) – Polish police have opened an investigation into possible manipulation of financial instruments by Hindenburg Research, fashion group LPP said on Thursday. On March 15, LPP’s Warsaw-listed shares plunged 36%, after Hindenburg Research questioned the company’s sale in 2022 of its Russian assets in a report. LPP denied the information published by Hindenburg …

Poland’s LPP says police are investigating Hindenburg Research Read More »

ROME (Reuters) – Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million …

Italy boosts crypto risk oversight and toughens sanctions, draft shows Read More »

PARIS (Reuters) – French luxury giant LVMH completed its acquisition of Paris’s famous restaurant “Chez L’Ami Louis”, established in 1924, as the group continues its diversification push towards lifestyle and hospitality, the company said on Thursday. WHY IT IS IMPORTANT As the luxury sector grapples with declining demand for high-end fashion as wealthy clients favor …

LVMH goes fois gras as group buys famous Paris bistrot Read More »