AMSTERDAM (Reuters) – Dutch insurer NN Group said on Tuesday its capital position had improved in the first six months of 2023, helped by higher interest rates and fewer weather-related claims. The Netherlands’ largest insurer said its Solvency II ratio increased to 201% at the end of June, from 197% at the end of 2022, …
Dutch insurer NN Group’s solvency improves helped by benign weather Read More »
PRAGUE (Reuters) – Private equity firm Advent International has been shortlisted to acquire Czech parcel delivery company Zasilkovna, daily business paper Hospodarske Noviny reported on Tuesday. Only bids worth at least 300 million euros ($324.48 million)were shortlisted, the paper reported. The largest Czech investment company, PPF, and investor Daniel Kretinsky were also shortlisted, the paper …
Advent International shortlisted for Czech Packeta acquisition -report Read More »
(Reuters) – British online trading platform IG Group said on Tuesday CEO June Felix will step down immediately due to health reasons. Felix was on medical leave since early July, during which finance chief Charlie Rozes was the acting CEO. Rozes will continue in the role, while the board expects to appoint a permanent CEO …
IG Group chief June Felix steps down with immediate effect Read More »
By Dietrich Knauth (Reuters) – Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The Ireland-based company initiated Chapter 11 proceedings in Delaware after reaching a deal that would …
Drugmaker Mallinckrodt files for second bankruptcy in US Read More »
By Noel Randewich (Reuters) – Increased analysts’ estimates since Nvidia’s strong quarterly report last week have left the world’s most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia’s stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company …
Nvidia’s forward PE ratio tumbles to lowest in eight months Read More »
ROME (Reuters) – The European Union is unlikely to agree on new fiscal rules by the end of this year as planned, Italian Economy Minister Giancarlo Giorgetti said on Monday. The EU rules, called the Stability and Growth Pact, have been suspended since 2020 to help governments deal with the COVID-19 pandemic and then the …
EU unlikely to approve new fiscal rules this year -Italy minister Read More »
By Giuseppe Fonte, Gavin Jones and Elvira Pollina ROME (Reuters) -Italy approved on Monday two decrees providing for the economy ministry to take a stake of up to 20% in Telecom Italia’s (TIM) landline grid. The scheme implements a Memorandum of Understanding (MoU) signed on Aug. 10 between the Treasury and U.S. fund KKR over …
Italy approves decrees to take up to 20% stake in Telecom Italia grid Read More »
ROME (Reuters) – Italy’s government has adopted the first step in a process aimed at taking strategic control of Telecom Italia’s (TIM) landline grid, Prime Minister Giorgia Meloni said on Monday. The cabinet was expected to approve a decree providing for the economy ministry to take a stake of up to 20% in the TIM …
Italy takes first step to take strategic control of TIM’s grid, PM Meloni says Read More »
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange. In a filing late on Friday night with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried’s lawyers said the 31-year-old former billionaire …
FTX’s Bankman-Fried appeals jailing as trial nears Read More »
By Shashwat Chauhan and Ankika Biswas (Reuters) -Europe’s benchmark STOXX 600 clocked its best one-day performance in a month on Monday in an overall market advance, boosted by China-exposed industrials on Beijing’s measures to aid its ailing stock market. The pan-European STOXX 600 closed 0.9% higher, with technology stocks leading the gains with a 1.7% …
Europe’s STOXX 600 logs best day in a month; China-related stocks rise Read More »
