Reuters UK Business

By Huw Jones LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearing houses threatens to transmit losses to the wider economy, the G20’s financial watchdog said on Monday. The Financial Stability Board’s (FSB) deep dive into commodity markets came after …

G20 watchdog says commodity market concentration poses threat to wider economy Read More »

By Dominique Vidalon PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday he will meet retailers this week to find ways to help shoppers cope with high food price inflation, with a view to finding a solution to the problem by March 15. “I will hold talks with French retailers this week… …

French Finance Minister to meet retailers this week over food inflation worries Read More »

MILAN (Reuters) – Telecom Italia (TIM) shares dropped as much as 3% in early trade on Monday as a government-sponsored offer rivalling KKR’s bid for the former phone monopoly’s prized grid failed to materialise over the weekend. Italian state lender CDP has yet to receive key government backing to submit an offer together with Australian …

Telecom Italia shares fall in absence of CDP counter-bid for grid Read More »

(Reuters) – Shares in Raiffeisen Bank International fell more than 7% at the open on Monday after the Austrian Bank had said on Friday it had received a request for information from the United States’ sanctions authority about its business related to Russia. The bank told Reuters on Friday it had received the request from …

Raiffeisen stock slumps after U.S. sanctions authority asks about Russia business Read More »

COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 …

Maersk nears complete Russia exit after selling logistics sites Read More »

ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year. Ghostine has been CEO of Geneva-based Firmenich, the world’s largest privately owned perfume and taste company, since 2014. He will become the chairman of the new board at …

Novartis names Firmenich CEO as chairman designate of Sandoz Read More »

By Sabine Siebold MUNICH (Reuters) – Slow German government export approvals are holding up Airbus Defence & Space defence exports worth several billions of euros, the company’s chief executive said on Sunday, urging Berlin to speed up the process. “Several countries are interested in the (military transport plane) A400M. Unfortunately we are having difficulties to …

Airbus’ defence arm says Berlin delaying exports worth billions Read More »