By Foo Yun Chee BRUSSELS (Reuters) – The European Commission is not considering easing merger rules for telecoms deals, EU antitrust chief Margrethe Vestager said on Monday, adding that the focus should be removing barriers to a single European market for the telecoms industry. Vestager’s comments come after a Commission document seen by Reuters last …
No easier merger rules for telcos, EU’s Vestager says Read More »
MOSCOW (Reuters) -Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations. HSBC said in June 2022 that it had agreed to sell a 100% stake in the unit, …
Putin grants HSBC approval to sell Russian unit to Expobank Read More »
By Alexander Hübner and Emma-Victoria Farr MUNICH (Reuters) – Munich is starting to steal some of German financial hub Frankfurt’s limelight as foreign banks flock to the southern city, which on a clear day has views of the Bavarian Alps. The appeal lies in Munich’s high proportion of DAX companies and tech start-ups, large insurers …
Munich’s mountains and tech tempt big banks from Frankfurt Read More »
LONDON (Reuters) – Britain plans to change rules on short-term lets to protect local residents from being pushed out of their communities by excessive temporary accommodation, it said on Monday, with implications for platforms such as Airbnb. The government said it would give local councils greater power to control short-term lets by making them subject …
UK Airbnb hosts face registration to protect communities Read More »
(Reuters) – Adler Group said on Monday its chairman of the board of directors Stefan Kirsten had resigned with immediate effect for health reasons. Following an extraordinary meeting of the board of directors, the major German landlord said Stefan Brendgen would replace Kirsten with immediate effect. Adler, one of Germany’s biggest landlords, is fighting a …
Chairman of troubled German landlord Adler resigns Read More »
By Simon Johnson STOCKHOLM (Reuters) – Headline Swedish inflation picked up pace as expected in January, data showed on Monday, and if the increase proves temporary it is unlikely to derail the central bank’s plans to begin cutting interest rates in mid-year. Consumer prices in Sweden, measured with a fixed interest rate, fell 0.3% in …
Swedish January inflation up as expected, rate cut set for mid-year Read More »
MADRID (Reuters) – Spain’s Santander on Monday announced a new share buyback programme of 1.46 billion euros ($1.57 billion). The euro zone second-biggest lender by market value said the execution of its buyback would start on Tuesday after having already obtained the regulatory authorization for its plan. ($1 = 0.9270 euros) (Reporting by Jesús Aguado; …
Santander announces new share buyback programme of 1.46 billion euros Read More »
(Reuters) – Hipgnosis Songs Fund (HSF) said on Monday its ex-CEO Merck Mercuriadis and investment adviser HSM had refused to provide protection against any liability arising from their ongoing legal battle with a former business of Mercuriadis. Hipgnosis Music Limited (HML), founded by Mercuriadis in 2015 and now being wound up, had served proceedings to …
Hipgnosis Songs denied indemnity by ex-CEO Mercuriadis, adviser HSM in legal fight Read More »
(Reuters) – Veolia has agreed to buy a 430-megawatt, gas-fired power plant in Hungary from German energy firm Uniper, the French utility said on Monday. The gas-fired, combined-cycle power plant is in Gönyű, north-west Hungary. It helps to provide flexible electricity generation capacity, which is crucial as more intermittent renewable capacity comes online and European …
Veolia agrees to buy Hungarian gas-fired power plant from Uniper Read More »
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. High hopes China’s markets would return from the break with a spring in their step have yet to be met, with modest gains for stocks so far. Tourism revenues during the Lunar New Year holiday did …
Marketmind: China markets look like they need another holiday Read More »
