MOSCOW (Reuters) – Russia’s finance ministry said on Monday that it would halve its purchases of foreign currency and gold in the month ahead. The finance ministry said its purchases of foreign currencies and gold for the period from May 8 to June 6 would amount to the equivalent of 110.94 billion roubles ($1.21 billion), …
Russia’s finance ministry to halve FX purchases in coming month Read More »
By Ankika Biswas (Reuters) -European shares rose on Monday, with investor optimism over interest rate cuts from major central banks back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit. The pan-European STOXX 600 was up 0.3% as of 0830 GMT. UK equities are closed due to a …
European shares climb on energy boost, rate-cut hopes Read More »
LONDON (Reuters) – Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc’s dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday. HCOB’s composite Purchasing Managers’ Index (PMI) for the currency union, compiled by S&P Global and …
Euro zone business activity grows at fastest pace in almost a year, PMI shows Read More »
By Matteo Allievi (Reuters) -Shares in Spanish defence and technology firm Indra surged on Monday after its net profit rose 40% to 61 million euros ($66 million) in the first quarter, supported by strong orders as global tensions spur demand for air defences. Shares in the company were up almost 10% at 0800 GMT, topping …
Shares in Spain’s Indra surge after net profit rises 40% Read More »
By Maria Martinez BERLIN (Reuters) – Business activity in Germany’s services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday. The HCOB final services Purchasing Managers’ Index (PMI) rose to 53.2 in April from 50.1 in March, moving further above the 50.0 …
German services sector picks up pace in April, PMI shows Read More »
PARIS (Reuters) – The board of French tech firm Atos was due to meet on Sunday evening to consider takeover offers, including one submitted by Czech businessman Daniel Kretinsky, Les Echos and Le Figaro reported. Atos, which secures communications for the French army and is set to manage cybersecurity for this summer’s Paris Olympic Games, …
Atos board reported to be meeting Sunday to review takeover bids Read More »
By Dawn Chmielewski (Reuters) -A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to entertain other offers …
Paramount bidders await word from special committee evaluating options Read More »
(Reuters) -Onex Corp’s WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the Aircraft Mechanics Fraternal Association. The company said that a work stoppage could occur as early as Tuesday unless a deal is reached with AMFA. “Both parties are still in talks hoping to reach …
WestJet issues 72-hour lockout notification to union Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett’s conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire’s annual meeting voted against two proposals that the company’s …
Berkshire shareholders reject climate, diversity, China proposals Read More »
(Reuters) -HSBC UK said on Saturday that all its services were functional after an intermittent disruption to its clients’ personal mobile and online banking services, during which its debit cards, credit cards, digital wallet and ATMs remained functional. The bank did not specify what caused the disruption to services and said the issue has been …
HSBC UK says all services are functional after disruption Read More »
