By Valentina Za MILAN (Reuters) -Italy’s biggest bank, Intesa Sanpaolo, slashed its assets by more than expected at the end of last year to fend off regulatory hits to its capital reserves and gave a conservative profit estimate for 2023, despite a strong fourth quarter. Shares in Intesa closed down 3%, with analysts saying its …
Intesa sets prudent 2023 goal as its cuts assets to boost capital Read More »
(Corrects to make Alvarez & Marsal a consultancy firm, rather than a law firm, in 11th paragraph) By Elvira Pollina and Martin Coulter MILAN/LONDON (Reuters) – Italy’s Data Protection Agency said on Friday it was prohibiting artificial intelligence (AI) chatbot company Replika from using the personal data of Italian users, citing risks to minors and …
Italy bans U.S.-based AI chatbot Replika from using personal data Read More »
BRUSSELS (Reuters) -European Union countries agreed to set price caps on Russian refined oil products to limit Moscow’s funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday. EU diplomats said the price caps are $100 per barrel on products that trade at a premium to crude, principally diesel, and …
EU agrees on price caps on Russian refined oil products Read More »
By Sudip Kar-Gupta PARIS (Reuters) – The head of TotalEnergies met Mozambique President Filipe Nyusi on Friday to discuss the humanitarian situation in the Cabo Delgado area, where a 2021 attack on civilians led to a key liquefied natural gas (LNG) project being halted. The French company said on Friday that its chairman and chief …
TotalEnergies’ head met Mozambique President with key gas project at stake Read More »
By Shristi Achar A (Reuters) – Britain’s internationally focused FTSE 100 briefly hit record high levels on Friday, boosted by gains in energy stocks as well as strength in the dollar after data showed stronger-than-expected U.S. job additions. The commodity-heavy FTSE 100 closed 1.0% higher at 7901.80 points, after touching an all-time level of 7,906.58 …
By James Pearson and Danilo Masoni LONDON/MILAN (Reuters) -A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters on Thursday. ION Group, the financial data firm’s parent company, said in a statement on its website that …
Ransomware attack on data firm ION could take days to fix -sources Read More »
By Tristan Chabba (Reuters) – Zur Rose unexpectedly agreed to sell its Swiss business to Migros subsidiary Medbase in order to focus on expanding in Germany, the Swiss online drug retailer said on Friday, sending its shares soaring on their best day ever. The proceeds of the transactions are estimated at 360 million Swiss francs …
Online drug retailer Zur Rose shares soar as it sells Swiss business Read More »
VILNIUS/PRAGUE (Reuters) – The European Central Bank is likely to raise interest rates again in May after an already signalled hike in March, two policymakers said on Friday, with one arguing that the peak or “terminal” rate is at least starting to appear on the horizon. The ECB raised rates by a half a percentage …
ECB set to raise rates again in May, policymakers say Read More »
LONDON (Reuters) – Business activity in the euro zone bounced back to growth in January, according to a survey which suggested the bloc’s economy might again escape a contraction this quarter and that the upturn may accelerate. In the last quarter of 2022 the euro zone eked out growth, managing to avoid a recession, as …
Euro zone business activity returned to growth in January – PMI Read More »
FRANKFURT (Reuters) – A top-20 investor of Thyssenkrupp on Friday called for a fast disposal of the German industrial group’s warship and submarine division, saying the risks associated with the business outweighed potential benefits. “We demand the immediate sale of all defense activities. The reputational and compliance risk of this business segment stands in no …
Thyssenkrupp top-20 investor calls for sale of defense division Read More »
