(Reuters) – Germany is backing the UK’s calls for a three-year delay to postpone tariffs on electric vehicle sales between the UK and the European Union, the Financial Times reported on Thursday. (Reporting by Juby Babu in Bengaluru; editing by Jonathan Oatis)
By Mimosa Spencer and Dawn Chmielewski PARIS (Reuters) -French luxury goods billionaire Francois-Henri Pinault has reached an agreement for a majority stake in Creative Artists Agency (CAA), adding Hollywood’s premiere talent agency to his family empire which spans fashion, wine and contemporary art, parties involved said on Tuesday. Financial details of the deal, in which …
French billionaire Pinault seals deal for Hollywood agency CAA Read More »
By Hadeel Al Sayegh, Andres Gonzalez and Belén Carreño DUBAI/MADRID (Reuters) – Jose Maria Alvarez-Pallete, chairman and chief executive of debt laden Spanish telephone and internet service company Telefonica, got an unexpected call this week when he was in Silicon Valley to meet companies and investors in America’s tech capital. He learned Saudi Arabia’s largest …
How the Saudis became a top shareholder in Telefonica, Spain’s telecoms giant Read More »
PARIS (Reuters) – France’s antitrust watchdog on Thursday issued total fines amounting to 31 million euros ($33.17 million) against six companies for having engaged in cartel practices linked to the dismantling of a nuclear site in Marcoule, southern France. The Autorite de la Concurrence said it imposed fines on Vinci unit Nuvia Process, former Engie …
By Sudip Kar-Gupta PARIS (Reuters) – Debt-ridden French supermarket retailer Casino will be excluded from Paris’ SBF-120 equity index of major companies, said markets operator Euronext on Thursday, dealing another potential blow to the company. Euronext said Casino’s exclusion from that index would take place after markets close on Sept. 15, and it would become …
Debt-ridden retailer Casino relegated from key French equity index Read More »
ROME (Reuters) – Italy will propose extending the suspension of existing EU budget rules if European Union countries fail to reach an agreement on how to reform them by the end of 2023, Prime Minister Giorgia Meloni said on Thursday. The EU rules, called the Stability and Growth Pact, have been on hold since 2020 …
Italy calls for extension of EU budget rules suspension without reform Read More »
(Specifies UBS Global Wealth Management in 1st paragraph) By David Randall NEW YORK (Reuters) -Earning expectations among companies in the benchmark S&P 500 are back to all-time highs, suggesting that the decline in corporate profits that sparked fears of a U.S. recession in 2023 is over, said David Lefkowitz, head of U.S. equities at UBS …
UBS sees end of S&P 500 profit recession, index to 4,700 by June 2024 Read More »
By Khushi Singh and Siddarth S (Reuters) -The UK’s FTSE 100 closed higher on Thursday as aerospace supplier Melrose Industries rose on an upbeat profit outlook, while China’s trade slump in August hurt mining stocks, capping gains. The blue-chip FTSE 100 index gained 0.2%, snapping a three-day losing streak, with a 5.5% jump in shares …
FTSE 100 snaps three-day losing streak, Melrose shines Read More »
By David Milliken LONDON (Reuters) -British businesses now expect to raise prices over the coming year by less than they had planned previously, a Bank of England survey showed on Thursday, offering some reassurance to policymakers that inflation is on course to return to target. Businesses surveyed in the three months to August expected to …
UK businesses plan lowest price rises since Feb 2022: BoE Read More »
STOCKHOLM (Reuters) – Sweden’s government said on Thursday it would cut the tax on petrol and diesel in the upcoming budget to support ailing households. The tax will be cut by 1.64 Swedish crowns ($0.15) per liter for petrol and 0.43 crowns for diesel from 2024. The measure is expected to cost 840 million crowns …
Swedish government to cut taxes on diesel, petrol in budget Read More »
