PARIS (Reuters) – A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and money laundering case in the country with a 238 million euro ($233.81 million) payment to the state, a judge said on Monday. (Reporting by Tangi Salaun, editing by Silvia Aloisi)
LONDON (Reuters) -Former prime minister Boris Johnson pulled out of the contest to become Britain’s next leader on Sunday, saying he had the support of enough lawmakers to progress to the next stage but far fewer than front-runner former finance minister Rishi Sunak. “There is a very good chance that I would be successful in …
Boris Johnson pulls out of UK Conservative leadership race Read More »
PARIS/DUBAI (Reuters) – Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe’s Airbus as part of strategic efforts to launch a new airline and challenge heavyweight carriers in the Gulf, industry sources said. If confirmed, the purchase by the sovereign Public Investment Fund (PIF), worth $12 billion at list prices, …
Airbus eyes Saudi deal for almost 40 A350 jets – sources Read More »
BERLIN (Reuters) – German finance minister Christian Lindner said on Sunday it was not yet clear whether a gas price brake for consumers and small businesses planned from March could be brought forward, pointing to technical and legal difficulties in accelerating the move. Some state ministers have called for the price brake to come into …
Germany evaluating if consumer gas price brake can be brought forward – minister Read More »
PRAGUE (Reuters) – Czech power utility CEZ is in talks to raise the capacity it has booked at a new Dutch liquefied natural gas (LNG) terminal, Chief Executive Daniel Benes said on Czech Television on Sunday. Benes said CEZ would also seek damages from Russia’s Gazprom for failing to meet its contract obligations in gas …
CEZ seeks higher capacity at Dutch LNG terminal, wants damages from Gazprom Read More »
MILAN (Reuters) – Italian premium coffee maker Illycaffe will pay a cash bonus to its employees to help them cope with increasingly stretched finances, its chief executive told Il Corriere della Sera newspaper on Sunday. The Ukraine crisis has lowered economic growth expectations around the world while soaring inflation is taking a heavy toll on …
Italy’s Illycaffe to pay global employee bonus, CEO tells paper Read More »
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and U.S. business leaders from a flagship investment event starting on Tuesday where the kingdom will seek deals to reduce its economy’s reliance on oil. President Joe Biden has …
Saudi forum set to draw U.S. business leaders despite tensions Read More »
(Reuters) – UK businessman Mike Ashley has built a stake of more than 5% in online fashion retailer Asos Plc, the Telegraph reported on Saturday, citing market sources. The billionaire’s sportswear and fashion retail company, Frasers Group Plc, notified Asos on Friday that it had become a significant shareholder in the company, the report said. …
Mike Ashley’s Frasers ramps up stake in Asos -Telegraph Read More »
LONDON (Reuters) – British finance minister Jeremy Hunt is considering up to 20 billion pounds of tax rises in a budget that is due to be set out on Oct. 31, the Telegraph reported on Saturday. The report, which did not cite sources, said Hunt could seek to reform capital gains rules and ditch a …
UK finance minister Hunt mulling up to 20 billion pounds of tax rises – Telegraph Read More »
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Saturday that bond purchases by the central bank in the days after the government’s “mini-budget” fiscal plan last month to calm financial markets were “very targeted and temporary.” “The financial stability approach, the requirements for financial stability was very targeted, and temporary,” Mann said …
BoE’s Mann: bond purchases for stability were targeted and temporary Read More »
