LONDON (Reuters) – Everyone in Briton will need to pay more in tax in the coming years to fix a hole in public finances, a source in the finance ministry said on Monday, following a meeting between Prime Minister Rishi Sunak and finance minister Jeremy Hunt. Hunt is due to present a fiscal statement on …
UK faces tax rises as well as spending cuts – Treasury source Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s largest listed bank, Millennium bcp, posted on Monday a 63.4% jump in nine-month net profit thanks to a robust rise in core income stemming from policy rate hikes and despite losses at its Polish subsidiary. The lender netted 97.2 million euros ($96.1 million) between January and September, up …
Portugal’s Millennium bcp 9-month profit jumps 63%, strong core income Read More »
By Julie Ingwersen CHICAGO (Reuters) -U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose more than 1% on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Soybeans followed the trend, with the most-active January contract setting a one-month top. As of 1:08 p.m. CDT (1808 …
Wheat up 6% after Russia quits Black Sea pact; corn, soy firm Read More »
By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena said its up to 2.5 billion euro ($2.5 billion) capital increase had been 93% covered so far thanks to accords with investors that offset in part a low take-up by the bank’s shareholders. Monday was the last day for shareholders in the world’s oldest …
Monte dei Paschi’s cash call 93% covered so far despite low shareholder take-up Read More »
(Reuters) – Electronic Arts Inc will launch an Iron Man game and at least two other action-adventure titles revolving around characters from the Marvel universe, under a deal announced by the videogame publisher on Monday. The Iron Man game will feature an original narrative based on the history of fictional billionaire Tony Stark, portrayed by …
EA to develop three Marvel games, beginning with Iron Man Read More »
By Nathan Gomes, Kannaki Deka and David Carnevali (Reuters) – Emerson Electric Co will sell a majority stake in its climate technologies unit to Blackstone Inc in a deal that values the business at $14 billion, as the U.S. industrial firm pivots to supplying to a booming automation market. The company will receive an upfront …
Blackstone to take control of Emerson’s climate tech in $14 billion deal Read More »
By Johann M Cherian and Sruthi Shankar (Reuters) -Britain’s FTSE 100 closed at a fresh five-week high on Monday as a fall in sterling lifted dollar-earners such as AstraZeneca and Unilever, while shares in EasyJet rallied on speculation of a takeover by British Airways owner IAG. The blue-chip index rose 0.7% to close at its …
FTSE 100 hits fresh five-week high, EasyJet rises on takeover talk Read More »
By Jonathan Saul and Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on Monday. Moscow said it was forced to pull out of the Black …
Insurer Ascot pauses writing new cover for Ukrainian shipments Read More »
* Q3 GDP 0.5% q/q, 2.6% y/y * Easily beats forecasts * Q3 growth founded on domestic demand ROME, Oct 31 (Reuters) – Italy’s economy grew by 0.5% in the third quarter from the previous three months, preliminary data showed on Monday, a much stronger reading than expected which takes some pressure off the new …
Italy’s economy grows stronger than expected 0.5% in Q3, easing pressure on new govt Read More »
LONDON (Reuters) – German-listed shares in Brazil’s state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in a runoff election. Petrobras shares slipped to 12.4 euros, levels last seen in early October, although trading volumes were extremely thin, according …
Europe-listed Brazil stocks, Petrobras slip after Lula election win Read More »
