LISBON (Reuters) -Portuguese police searched the premises of Novo Banco, the country’s fourth-largest bank, as well as the local unit of auditing firm KPMG on Wednesday as part of an investigation into suspected corruption linked to the sale of the lender’s assets, prosecutors said. Novo Banco, purchased by France’s BPCE earlier this year, was carved …
Police raid Portugal’s Novo Banco in corruption investigation Read More »
FRANKFURT (Reuters) -Germany’s grid regulator is moving closer to meeting some of the demands of energy operators in a reform of infrastructure spending returns for the five years from 2028/2029 being finalised this year, Handelsblatt reported on Wednesday. The newspaper cited documents from a draft reform of the sector, in which caps are set on …
German energy regulator signals concessions on grid reform, Handelsblatt says Read More »
By Elvira Pollina MILAN (Reuters) -Italian tech company Bending Spoons said on Wednesday it will acquire AOL from Yahoo, which is backed by Apollo Global Management, adding a storied internet brand to its growing portfolio of digital businesses. Bending Spoons said it secured a $2.8 billion debt financing package to support the acquisition, as well …
Italy’s Bending Spoons to acquire AOL, secures $2.8 billion in debt financing Read More »
(Reuters) -Nvidia on Wednesday became the first company to breach $5 trillion in market value, continuing a meteoric rise that has firmly positioned it at the heart of the global AI revolution. Share milestone:— Nvidia shares hit record high of $209.40 in early trading– Shares up 1087% pct since the launch of ChatGPT in Nov …
LONDON (Reuters) -The pound hit its weakest in nearly three months against the dollar and in more than two years versus the euro on Wednesday as rising expectations for a rate cut from the Bank of England by year-end pushed the currency through closely watched levels. Sterling was last down 0.5% on the dollar at …
Sterling at weakest in months versus dollar, lowest in years against euro Read More »
By Rachel More and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -German carmaker Mercedes-Benz on Wednesday reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges related to job cuts as well as declining sales in China. Like rivals including Porsche and BMW, Mercedes faces particular challenges …
Mercedes beats auto margin estimates thanks to premium sales Read More »
By Foo Yun Chee COPENHAGEN (Reuters) -EU merger rules do not prevent telecoms operators from scaling up through acquisitions, a senior European Commission antitrust official said on Wednesday, rejecting criticism from the European industry about the tough approach by regulators. More than 20 of Europe’s biggest telecoms providers on Tuesday called on Commission President Ursula …
EU rules not a barrier to telcos scaling up, senior EU official says Read More »
WASHINGTON (Reuters) -The United States issued a Russia-related general license authorizing transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, according to a posting Wednesday on a Treasury Department website. The transactions are authorized through 12:01 a.m. EDT, April 29, 2026, the website said. Washington had floated a six-month deadline for Berlin to …
US issues general license for German assets of Russia’s Rosneft, website shows Read More »
WARSAW (Reuters) -Poland will keep a ban on imports of wheat, corn, rapeseed, and sunflower seeds from Ukraine despite changes in European Union rules on trade, the Polish agriculture ministry said on Wednesday. The EU temporarily waived duties and quotas on Ukrainian farm products in June 2022 in the wake of Russia’s invasion to help …
Poland to uphold ban on imports of some Ukrainian food products Read More »
By Bhanvi Satija and Yadarisa Shabong LONDON (Reuters) -GSK raised its 2025 sales and earnings forecasts on Wednesday as its speciality HIV and cancer drugs posted double digit growth, lifting the British company’s shares by nearly 7% to their highest level since May 2024. GSK’s improved outlook comes as CEO Emma Walmsley prepares to hand …
GSK cancer, HIV drug sales lift 2025 outlook in boost for shares Read More »
