By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) said a new share sale to raise up to 2.5 billion euros ($2.4 billion) would cost it 125 million euros in fees to financial institutions backstopping the issue. MPS will launch its seventh cash call in 14 years on Monday to fund job …
Monte dei Paschi to pay 125 million euros in fees for share sale Read More »
FRANKFURT (Reuters) – Lufthansa’s budget division Eurowings warned on Saturday that pilots’ demands to ease their workloads is putting jobs at the airline at risk. The statement came in response to Friday’s announcement by pilots’ union Vereinigung Cockpit (VC) of a three-day strike starting on Monday after talks failed. The union wants Eurowings to lighten …
By Iain Withers, Sinead Cruise and Kirstin Ridley LONDON (Reuters) -British authorities have searched five homes and arrested eight people in connection with insider-dealing investigations since March 2020, pointing to a lull in regulatory action at a time when widespread home working has raised market abuse risks. The data disclosed by the Financial Conduct Authority …
By Doyinsola Oladipo NEW YORK (Reuters) -Apple Inc retail workers voted to form a union at an Oklahoma location, the U.S. National Labor Relations Board (NLRB) said on Friday, making it the tech giant’s second U.S. store to organize. Employees at the Apple Penn Square store in Oklahoma City voted 56 to 32 in support …
Apple workers vote to unionize second U.S. store Read More »
By Zeba Siddiqui SAN FRANCISCO (Reuters) – A newly discovered hacking group has attacked transportation and logistics companies in Ukraine and Poland with a novel kind of ransomware, Microsoft said in a blog post on Friday. The attackers targeted a wide range of systems within an hour on Tuesday, Microsoft said, adding that it hadn’t …
Microsoft says Ukraine, Poland targetted with novel ransomware attack Read More »
LONDON (Reuters) – One in five families in Britain will take a financial hit from having to pay more for their mortgages between now and 2024 with about a quarter of the increase caused by the recent market turmoil, a think-tank said on Saturday. The Resolution Foundation, which focuses on issues facing lower-income households, said …
One in 5 Britons heading for mortgage pain – think-tank Read More »
(Reuters) -Britain’s competition regulator said on Friday that Motorola Solutions’ monopoly for its emergency mobile radio communications services in the country led to high charges, boosting its profits, a claim the U.S-based company rejected. The UK’s Competition and Markets Authority (CMA) said that a provisional assessment, after a probe last year, found the lack of …
Motorola rejects UK regulator’s claim of radio network-monopoly profit Read More »
By David Lawder WASHINGTON (Reuters) – France’s development minister is backing U.S. Treasury Secretary Janet Yellen’s call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries. Chrysoula Zacharopoulou, Secretary of State …
French development minister backs World Bank reforms, calls for U.S. SDR loans Read More »
(Reuters) – S&P Global said on Friday it had cut the credit rating of Telecom Italia (TIM) to “B+” from “BB-” citing a weak macroeconomic environment. The credit rating agency said the outlook was negative and that TIM must address large debt maturities over the next 24 months amid rising interest rates and constrained debt …
S&P downgrades Telecom Italia to ‘B+’ on weak macro environment Read More »
(Reuters) – Credit Suisse Group AG has held talks with a number of banks about underwriting a potential capital increase in case it needs to shore up its balance sheet, Bloomberg Law reported on Friday, citing people familiar with the matter. The Swiss bank would prefer to avoid selling new shares at current depressed levels, …
Credit Suisse in talks with underwriters as it weighs capital options – report Read More »
