By Steve Keating AUGUSTA, Georgia (Reuters) – Sandy Lyle may be one of the Masters most beloved champions but he received precious little of it at Augusta National on Saturday, cutting a forlorn figure as he hit the last putt of his career in the early morning rain on a near deserted 18th green. The …
Golf-No audience for Lyle as he takes final bow on golf’s greatest stage Read More »
ZURICH (Reuters) – UBS’s multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday. The Swiss parliament is due to hold an extraordinary session next week to discuss the emergency merger engineered by the Swiss authorities after Credit Suisse came close …
Swiss finance minister sees no ‘stumbling blocks’ to UBS takeover of Credit Suisse Read More »
(Reuters) – WeWork Inc. on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net operating loss (NOL) carryforwards to reduce tax. As of Dec. 31, 2021, WeWork had about $6.9 billion of U.S. federal NOLs and $6.6 …
WeWork adopts shareholder rights plan to protect ability to reduce future tax bills Read More »
MILAN (Reuters) – Telecom Italia’s top investor Vivendi has criticised the mechanism to award salary bonus payments for the chief executive and the top management of Italy’s biggest phone group, two sources familiar with the matter said on Friday. France’s Vivendi, which owns a 24% stake in Telecom Italia, is piling pressure on the company’s …
Telecom Italia’s top investor criticises CEO bonus payment, sources say Read More »
(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy said on Friday. In the three months to February loans to the non-financial sector fell overall by 3.2% year-on-year, driven down by 7.5% drop in credit to companies, the Bank …
Italian bank loans to firms fall as demand weakens: central bank Read More »
By Giuseppe Fonte ROME (Reuters) – Italy is likely to confirm its budget deficit targets for this year and next, people familiar with the matter said, as the Treasury aims for tighter fiscal policy to limit the impact of rising euro zone interest rates. In its Economic and Financial Document (DEF) to be unveiled next …
Italy set to confirm deficit targets for this year and next -sources Read More »
By Tim Hepher PARIS (Reuters) -Airbus deliveries fell by 11% on an industrial basis to 127 jets in the first quarter, underscoring the pressure on global supply chains and paving the way for a 12-week sprint to steady the trajectory by mid-year, industry sources said. Deliveries were down 11% from 142 physical deliveries in the …
Airbus deliveries fell to 127 jets in Q1, sources say Read More »
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s federal budget balance sank to a deficit of 2.4 trillion roubles ($29 billion) in the first quarter of the year as Moscow spent heavily and energy revenues fell, the finance ministry said on Friday. In the same quarter of 2022 Russia posted a surplus of 1.13 …
Russia swings to $29 billion first-quarter budget deficit Read More »
By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more low-tech undercarriages for howitzers as the ground war in Ukraine boosts demand for artillery. Despite an industry trend towards more high-tech weaponry like drones and autonomous missiles, traditional battlefield equipment …
High-tech French army truck maker sees demand for low-tech artillery components Read More »
BERLIN (Reuters) – German companies active in eastern European have called on the government in Berlin to take on more risk and provide increased security for business in Ukraine, particularly for transport. The situation is especially acute when it comes to transport liability insurance as reinsurers have withdrawn from the market, which poses a problem …
German business group wants Berlin to offer more protection in Ukraine Read More »
