MILAN (Reuters) – Italy’s biggest lender Intesa Sanpaolo on Tuesday said it had earned 584 million euros ($606 million) from the sale of its entire 5.1% stake in Nexi, its long-term retailers’ payments partner. The sale of the holding, carried out overnight at a 10.86% discount to Monday’s closing price as it is customary in …
Italy’s Intesa pockets 584 million euros from Nexi stake sale Read More »
AMSTERDAM (Reuters) – The Dutch economy shrank 0.2% on a quarterly basis in the third quarter as rising interest rates slowed down the housing market and surging inflation put a brake on consumption, a first estimate released on Tuesday showed. The euro zone’s fifth largest economy performed worse than expected in the July-September period, as …
Dutch economy shrank 0.2% in Q3 as inflation bites Read More »
(Reuters) – Russian state oil company Rosneft delisted its global depository receipts from the London Stock Exchange (LSE), it said on Tuesday, following similar steps by other Russian companies following western sanctions. (Reporting by Reuters, Editing by Louise Heavens)
(Reuters) – European shares opened higher on Tuesday, with defensive utilities and real estate sectors leading the advance after more Federal Reserve officials dampened hopes of a policy pivot, while Vodafone tumbled after slashing its full-year forecasts. The continent-wide STOXX 600 index rose 0.1% by 0813 GMT. The utilities index rose 0.9%, leading the sectoral …
European shares open higher as defensives eke out gains; Vodafone tumbles Read More »
(Reuters) – Spanish consumer prices rose 7.3% year-on-year in October, down from 8.9% in the period through September, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters saw the 12-month inflation through October at 7.3%, the same as the flash estimate released two weeks ago. Core inflation, which strips …
Spain’s 12-month inflation down to 7.3% in October Read More »
(Reuters) – Nu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic Latin American market. The Brazilian lender has so far weathered a downturn in the sector on the back of robust demand for its credit cards …
Buffett-backed Nubank’s revenue surges on robust customer growth Read More »
MADRID (Reuters) – Spanish Economy Minister Nadia Calvino on Monday said “everything points out” that the country’s gross domestic product in 2022 will grow above the 4.4% rate predicted in the government’s latest outlook. Spain in October raised its gross domestic product growth outlook for 2022 to 4.4%, from a previous expectation of 4.3% and …
Spain’s GDP growth likely to top government outlook of 4.4%, finance minister says Read More »
By Tom Hals WILMINGTON, Del (Reuters) -A Tesla Inc director took the stand on Monday and defended Elon Musk’s $56 billion pay package against a shareholder’s claims that the entrepreneur dictated terms of the deal to finance his dream of traveling to the planet Mars. Tesla shareholder Richard Tornetta hopes to prove that Musk used …
Tesla director tells court Musk’s $56 billion pay wasn’t for punching a clock Read More »
By Juliette Portala and Dina Kartit PARIS (Reuters) -French office support provider Teleperformance said on Monday it would meet with Colombia Labor Ministry representatives this week after the country opened a probe into its work practices there. Shares of Teleperformance, a leading provider of content moderation services for social media platforms like Tik Tok, shed …
French firm Teleperformance to meet Colombian govt after probe Read More »
By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3% …
Amazon to lay off thousands of employees -source Read More »
