(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s shrinking current account surplus. The rouble’s last tumble into triple digits in August led the Bank of Russia to make an emergency 350-basis-point rate …
Rouble recovers slightly after slide past 100 vs dollar Read More »
By Sruthi Shankar (Reuters) -European shares were nearly flat on Tuesday, with gains in banks and insurers offsetting losses in rate-sensitive utilities as bets that U.S. interest rates would remain higher for longer boosted Treasury yields and the dollar. Strong economic data on Monday and the passage of a U.S. funding bill to avert a …
European stocks steady as banks offset declines in utilities Read More »
MILAN (Reuters) – The largest investor in Mediobanca on Tuesday filed its own slate of nominees for the Italian bank’s new board after attempts to find an agreement over the list put forward by Mediobanca’s outgoing board failed. Delfin, the holding company of late Italian billionaire Leonardo Del Vecchio, proposed five directors which Mediobanca shareholders …
Top Mediobanca investor files nominees for board roles Read More »
(Reuters) – Sterling fell to a new 6-1/2-month low against the dollar on Tuesday on concerns about the economic outlook and expectations that the Bank of England might be done with rate hikes. The greenback reached fresh 11-month highs after strong U.S. economic data bolstered the view that the Federal Reserve will keep interest rates …
ROME (Reuters) – Italy’s inflation rate could fall to 3.4% by the end of this year, far below the current level over 5%, thanks to measures to rein in prices of essential staple items between October and December, the industry minister said on Tuesday. Inflation in Italy is gradually declining from peak levels but remains …
Italy inflation could drop to 3.4% by year-end, minister says Read More »
HELSINKI (Reuters) – The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member Tuomas Valimaki said on Tuesday. The ECB has raised rates at each of its past ten meetings but signalled a pause for …
Further ECB rate hikes can’t be ruled out, Finland’s Valimaki says Read More »
By Blake Brittain WASHINGTON (Reuters) – A U.S. Patent Office tribunal on Monday rejected challenges to two key patents owned by Novo Nordisk covering the active ingredient in its weight-loss and diabetes drugs Wegovy and Ozempic brought by a generic drugmaker that is hoping to sell generic versions of the blockbuster medications. The office’s Patent …
US Patent Office won’t review two Novo Nordisk patents for Wegovy, Ozempic Read More »
By Diane Bartz WASHINGTON (Reuters) -Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers. Testifying in a landmark U.S. trial against its rival Google, the first major antitrust case …
Microsoft CEO says tech giants battling for content to build AI Read More »
By Blake Brittain (Reuters) – X Corp, formerly known as Twitter, was sued in federal court in Florida on Monday by a legal-marketing company that claims the social media giant’s new name infringes its trademark incorporating the letter “X.” The lawsuit by X Social Media claims that X Corp, which owner Elon Musk began rebranding …
Elon Musk’s X hit with trademark lawsuit from marketing agency Read More »
ROME (Reuters) -Italian Transport Minister Matteo Salvini said an offer for motorway operator Autostrade per l’Italia (ASPI) would be “of great interest,” after government sources dismissed as “groundless” a report that it could support such a bid. Bloomberg reported on Monday, citing anonymous sources with knowledge of the matter, that Italian construction magnate Matterino Dogliani …
Italy’s Salvini says bid for ASPI would be ‘of great interest’ Read More »
