PARIS (Reuters) – French food company Danone will shed control of its dairy food business in Russia, it said on Friday, adding that the deal could lead to a write-off of up to 1 billion euros ($978 million). Joining the lengthening list of global companies making costly exits from Russia over the war in Ukraine, …
Danone to shed Russian dairy business with 1 billion euro write-off Read More »
By Sruthi Shankar (Reuters) -UK’s main indexes jumped on Friday, on growing expectations that the UK government will announce a U-turn on elements of its 43-billion-pound package of unfunded tax cuts that sparked turmoil in financial markets over the past few weeks. The blue-chip FTSE 100 gained 0.9%, while the domestically focussed FTSE 250 added …
By Stefano Rebaudo (Reuters) – Euro zone bond yields fell on Friday after a top European Central Bank policymaker flagged recession risks and investors grew wary of pricing in more aggressive monetary tightening. The ECB is prepared for a possible technical recession paired with high inflation, which must be brought down to maintain market confidence, …
Euro zone bond yields fall as de Guindos flags recession risk, gilts eyed Read More »
LONDON (Reuters) -Britain’s competition regulator said on Friday that it had referred Viasat’s $7.3 billion takeover of satellite rival Inmarsat for an in-depth investigation, raising chances of the deal getting delayed. The decision comes a week after the Competition and Markets Authority (CMA) raised concerns that the merger between the American company and Britain-based Inmarsat …
UK regulator refers Viasat-Inmarsat merger for in-depth probe Read More »
By Alun John LONDON (Reuters) – Sterling on Friday held onto the gains of previous day helped by reports the British government will reverse more of its controversial mini-budget, expectations reinforced by finance minister Kwasi Kwarteng’s early return from a trip to Washington. The pound was last at $1.1332, down 0.38% on the day after …
By Devik Jain (Reuters) -European shares climbed on Friday as hopes grew of a U-turn in some fiscal steps announced by the British government, with investors also snapping up beaten-down stocks amid worries about economic growth and its impact on corporate earnings. The region-wide STOXX 600 index was up 1.2%, as of 0801 GMT, hitting …
European shares hit one-week high; focus on possible UK fiscal U-turn Read More »
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund members are calling more strongly for an end to the war in Ukraine, which is having a sharply negative impact on global economic growth, Spanish Finance Minister Nadia Calvino told Reuters on Thursday. Calvino, elected in January to head the IMF’s steering committee, said this week’s …
IMF meetings marked by push to end Ukraine war, Spain’s finance minister says Read More »
(Reuters) – The U.S. Supreme Court on Thursday turned down Novartis Pharmaceuticals Corp’s bid to block the launch of generic versions of the company’s blockbuster multiple sclerosis drug Gilenya in a dispute with China’s HEC Pharm Co Ltd and other generic drugmakers. Novartis had asked the justices to stay a lower court’s ruling that lifted …
U.S. Supreme Court rebuffs Novartis, allows generic versions of MS drug Read More »
By Paresh Dave OAKLAND, Calif. (Reuters) – Used by two-thirds of the world’s 100 biggest banks to aid lending decisions, credit scoring giant Fair Isaac Corp and its artificial intelligence software can wreak havoc if something goes wrong. That crisis nearly came to pass early in the pandemic. As FICO recounted to Reuters, the Bozeman, …
By Balazs Koranyi and Francesco Canepa WASHINGTON/FRANKFURT (Reuters) -European Central Bank policymakers discussed earlier this month a detailed timeline for running down a 3.3 billion euro bond portfolio and envisioned the start of quantitative tightening sometime in the second quarter of 2023, sources told Reuters. The ECB could already tweak its language on reinvestments at …
ECB may start balance sheet rundown in second quarter, sources say Read More »
