Reuters UK Business

(Corrects attribution in seventh paragraph to F&D magazine, not IMF) LONDON (Reuters) -Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a senior executive at Bank of America told Reuters. The opening …

Bank of America opens Luxembourg branch in Europe funds push Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are seeking more information on Apple’s mobile payment system, the European Commission said on Wednesday, a sign that the enforcer is looking to close any loopholes and boost its case against the iPhone maker. The EU competition watchdog last year accused Apple of restricting rivals’ …

EU antitrust regulators seeking more info on Apple Pay Read More »

BRUSSELS (Reuters) – The European Union’s top competition official on Wednesday said “all options” were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered a setback in Europe’s second-highest court. The court sided with Ryanair in annulling the EU’s decision clearing the German government’s 6-billion-euro ($6.6 …

EU’s Vestager says ‘all options on the table’ after Lufthansa/SAS rulings Read More »

PARIS (Reuters) – The European Central Bank has travelled most of the way in its campaign to raise interest rates, French ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that further rate hikes would be “more marginal”. “What remains to be done is more marginal,” Villeroy told newspaper group EBRA. “It is the …

Future ECB rate moves will be “more marginal”, says Villeroy Read More »

MILAN (Reuters) -Sales at Italian fashion group Tod’s rose by 23% in the first quarter of the year, beating analysts’ forecasts thanks to a strong performance in China and despite moderate growth in the Americas. Revenues totalled 270.5 million euros ($297.8 million) in the period, the company said in a statement, while analysts had predicted …

Italian fashion group Tod’s sales jump in Q1, beating expectations Read More »

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are set to approve Microsoft Corp’s $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission’s imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever …

EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say Read More »

BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in between and needs to steer its own agenda, German Economy Minister Robert Habeck said on Wednesday. “If we had to choose between the U.S. and China, we would have extreme problems,” Habeck said as he …

Europe needs to steer its own trade agenda, German economy minister says Read More »

PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank said on Wednesday, as activity across sectors picked up steam. The Bank of France said companies polled in its monthly business sentiment survey reported activity in April was stronger than …

French central bank sees Q2 growth vs. Q1 Read More »