By Foo Yun Chee BRUSSELS (Reuters) -French telecoms group Orange and Spanish peer MasMovil have picked Romania’s Digi to buy assets they plan to divest to address EU antitrust concerns over their Spanish tie-up, two people with knowledge of the matter said on Tuesday. The deal is seen as an important test case of whether …
Exclusive-Orange/MasMovil pick Digi as asset buyer to allay EU concerns -sources Read More »
GDANSK (Reuters) – EU antitrust regulators have cleared Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s European domestic appliances business, an European Commission filing showed on Tuesday. “The Commission concluded that the transaction would not raise competition concerns given in particular the presence of alternative suppliers in the European Economic Area countries where both …
Arcelik’s European deal with Whirlpool gets EU approval Read More »
BRUSSELS (Reuters) – EU antitrust regulators will decide by Nov. 28 whether to clear Danish food ingredients and enzymes makers Novozymes and Chr. Hansen’s tie-up, according to a European Commission filing. The companies, which announced the deal in December last year, sought EU approval for the merger last Friday. The EU competition enforcer can decide …
EU antitrust regulators set Nov. 28 deadline for Novozymes, Chr. Hansen deal Read More »
By Tom Wilson and Tom Westbrook LONDON/SINGAPORE/NEW YORK (Reuters) -Bitcoin rose by nearly 10% on Tuesday to $34,872, its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent. That followed a 10% surge on Monday, when bitcoin posted its best day in almost a year, and the bullishness spread …
Bitcoin soars to near 18-month high as ETF speculation mounts Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -Britain’s benchmark FTSE 100 inched higher on Tuesday, supported by miners and heavyweight drugmaker AstraZeneca, but gains were capped by underwhelming earnings reports, led by Barclays after posting a lower quarterly profit. The exporter-heavy FTSE 100 closed 0.2% higher, snapping a four-day losing streak, while the mid-cap …
London’s FTSE 100 inches up, lacklustre earnings weigh Read More »
By Andy Bruce LONDON (Reuters) -Britain’s businesses reported another decline in activity this month and cost pressures cooled further, surveys showed on Tuesday, underlining the risk of recession as the Bank of England prepares for its interest rate decision next week. The “flash” preliminary reading of the S&P Global UK Purchasing Managers’ Index (PMI) for …
UK businesses stuck in reverse in October, surveys show Read More »
By Victoria Klesty OSLO (Reuters) -Aluminium maker Hydro said on Tuesday its renewable energy unit will get a cash injection from a newly formed joint venture, sending its shares higher even as it reported a bigger-than-expected drop in quarterly core profit. Macquarie Asset Management will invest $332 million in the joint venture for a 49.9% …
Hydro gets boost from renewables deal as Q3 core profit lags Read More »
ROME (Reuters) – Italy plans to create a life insurance guarantee fund to protect policy holders and avoid cases similar to Eurovita, a draft of its 2024 budget seen by Reuters showed on Tuesday. Eurovita this year became the first Italian insurance company to be placed under special administration, after running intro trouble due to …
Italy 2024 budget sets up new insurance fund after Eurovita case Read More »
By Jonathan Cable LONDON (Reuters) -Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on the wrong foot and suggesting the bloc may slip into recession. Tuesday’s purchasing managers’ survey will likely make disappointing …
Euro zone October PMI at near 3-year low, stirring recession worries Read More »
By Diana Mandia (Reuters) -France’s biggest telecoms operator Orange reported flat core operating earnings in the third quarter, as a cost-cutting plan and price increases bolstered its performance in a sluggish market suffering the effects of inflation. Telecoms groups have been raising prices to offset the impact of inflation and Orange recently reduced the duration …
Orange posts flat earnings after cost cuts, price hikes Read More »
