By Michel Rose and Tassilo Hummel PARIS (Reuters) -President Emmanuel Macron met Tesla’s CEO Elon Musk, the boss of Pfizer and other business chiefs on Monday to urge them to pour money into France, and his office said the country was poised to win record foreign investment pledges. For Macron, whose popularity has suffered from …
Macron courts Tesla’s Musk and others to ‘Choose France’ Read More »
(Reuters) – Sweden’s SAS AB said on Monday the U.S. Bankruptcy Court for the Southern District of New York has approved equity solicitation procedures which will allow the airline to secure available terms and conditions for new equity capital. The final deadline for potential investors to bid will take place in approximately 13 weeks, the …
Sweden’s SAS receives US court approval for equity bid Read More »
By David Milliken LONDON (Reuters) -The Bank of England needs to guard against second-round inflationary effects which could see inflation bottom out at 4% or 5%, rather than return to its 2% target, BoE Chief Economist Huw Pill said on Monday. “The risk is … that self-sustaining, second-round-effect momentum within the UK economy keeps inflation …
Bank of England’s Pill says BoE must guard against inflation sticking above 2% Read More »
MILAN (Reuters) – Italy’s antitrust watchdog said on Monday it had cleared two units of Europe’s largest utility Enel after investigating them for allegedly asking some clients to pay energy bills that had lapsed under the statute of limitations. The AGCM watchdog said in a statement it was closing the probe without finding any wrongdoing, …
Italy’s watchdog clears Enel units of alleged unjustified payment requests Read More »
FRANKFURT (Reuters) -The European Central Bank said on Monday it had fined Goldman Sachs’ European unit 6.63 million euros ($7.3 million) for underreporting the risk associated with some corporate credit, thereby flattering its balance sheet. Goldman Sachs said in a statement it had “closely cooperated with the ECB” and “taken all necessary steps” to resolve …
Goldman fined $7 million by ECB over credit risk reporting Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s largest listed bank, Millennium bcp said on Monday its first-quarter consolidated net profit rose by 90.5%thanks to interest rate hikes and strict cost controls. Millennium bcp Chief Executive Miguel Maya said the results were boosted by a “significant increase in the bank’s core income due to rising interest …
Profit at Portugal’s Millennium bcp nearly doubles Read More »
(Reuters) – A Russian government commission has approved the sale of Volkswagen’s main factory in Russia to a domestic car dealership, Trade and Industry Minister Denis Manturov told the TASS news agency on Monday. The VW plant, in the Kaluga region south of Moscow, will be sold to the Avilon dealership, previously the official dealer …
Russia approves sale of Volkswagen plant to domestic dealership Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -London stocks closed higher on Monday as British lenders extended the previous session’s gains, while mining stocks rose as precious and base metal prices appreciated. The blue-chip FTSE 100 closed 0.3% higher, reaching its strongest level in two weeks in intraday trading. Miners of both industrial and …
London stocks start week strong as banks, miners rise Read More »
LONDON (Reuters) – Glencore’s investors should vote against the global miner and trader’s climate progress report and in favour of a shareholder resolution seeking more disclosure on thermal coal, proxy advisor Institutional Shareholder Services (ISS) said. ISS joins proxy advisory firm Glass Lewis and investors including Britain’s largest asset manager Legal & General Investment Management …
ISS advises Glencore shareholders to vote against climate progress report Read More »
BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures from Ireland, which are typically volatile. The European Union’s statistics office Eurostat said on Monday that industrial production in the 20 countries sharing …
Euro zone industry output falls sharply, with Ireland plunge Read More »
