By David Milliken LONDON (Reuters) – Bank of England Chief Economist Huw Pill said on Friday that the British central bank might have to do more to bring down inflation, a day after the BoE raised interest rates for a 12th meeting in a row. Pill said there was evidence of “a more favourable pattern …
BoE’s Pill says ‘there may be more work to do’ to lower inflation Read More »
By Chris Prentice NEW YORK (Reuters) -Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator said on Friday. HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive …
HSBC to pay $75 million in penalties to settle U.S. CFTC charges Read More »
BRUSSELS (Reuters) – EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing firm VMware by three days to June 26. The deadline was extended in agreement with the companies, a European Commission spokesperson said. Broadcom Chief Executive Hock Tan last week sought …
EU antitrust regulators extend decision on Broadcom, VMware deal to June 26 Read More »
MILAN (Reuters) – The board of Italy’s biggest listed company Enel on Friday appointed Flavio Cattaneo as CEO and General Manager, handing him all powers for the management of the power utility. On Wednesday Enel’s shareholders had elected Cattaneo and other five candidates proposed by the Italian government to the board of the utility, defeating …
Enel appoints Cattaneo as CEO, sets chairman powers Read More »
By Amy-Jo Crowley, Elvira Pollina and Giulio Piovaccari LONDON/MILAN (Reuters) – Financiers who normally find it almost impossible to get the ear of the Agnelli family on the future of Italian soccer club Juventus say they now sense more of a willingness to listen. The “Old Lady”, as Italy’s most successful soccer club is known, …
Financiers say they sense new Agnelli openness over Italy’s Juventus Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ has made another attempt to secure EU antitrust approval for its merger with German peer GfK, with an EU decision due by June 20, according to a European Commission filing on Friday. The U.S. consumer market research company pulled its first filing three weeks ago, just …
NielsenIQ makes second attempt to gain EU nod for GfK merger Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -Britain’s FTSE 100 index closed higher on Friday, with healthcare and energy stocks leading as oil prices rebounded and drugmaker GSK jumped, while data showed the British economy grew slightly in the first quarter of the year. The blue-chip FTSE 100 rose 0.3%, snapping a three-day losing …
UK’s FTSE 100 rises as energy, healthcare stocks shine, though ends week lower Read More »
By Supantha Mukherjee and Victoria Waldersee STOCKHOLM/BERLIN (Reuters) – Sweden’s Northvolt will invest several billion euros to build a gigafactory in Germany, able to supply around 1 million electric vehicles with battery cells every year, the lithium-ion battery maker and German government said in a joint statement on Friday. The federal government as well as …
Northvolt to invest billions to build gigafactory in Germany Read More »
NIIGATA, Japan (Reuters) – German Finance Minister Christian Lindner on Friday said he hoped politicians in the United States would come to a “grown-up” decision on talks to raise the federal debt ceiling, warning there was a risk to the global economy if they did not. Speaking on the sidelines of the G7 summit in …
Germany finance minister urges “grown-up” decision on U.S. debt ceiling Read More »
By Amanda Cooper LONDON (Reuters) – The pound steadied on Friday after data showed the UK economy avoided recession in the first quarter, recovering from its biggest one-day drop since mid-April the previous day. Sterling was last up 0.1% against the dollar at $1.252. It fell nearly 1% on Thursday after the Bank of England …
Sterling steadies after UK economy posts fragile Q1 growth Read More »
