LONDON (Reuters) – Britain’s government has withstood the worst of financial markets’ “anxiety” following last week’s fiscal statement and will soon see a marked improvement, senior minister Simon Clarke said in an interview published in The Times late on Friday. “The worst of the situation is already behind us in terms of that heightened anxiety …
Worst of market anxiety behind us, UK minister says – The Times Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills on consumers ahead of winter. The deal came as countries were investigating the cause of leaks in Russia’s …
Factbox-Europe’s crisis measures to tackle energy price spike Read More »
MILAN (Reuters) – Generali has been exploring several dossiers in the U.S. for a potential acquisition in the asset management business, a source close to the matter said after a report that the Italian insurer may be considering a deal with U.S.-based Guggenheim Partners. Bloomberg News said Italy’s biggest insurer has held informal talks on …
Generali exploring various acquisition options in U.S. – source Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators will decide by Nov. 8 whether to clear Microsoft Corp’s proposed $69 billion acquisition of “Call of Duty” maker Activision Blizzard, according to a European Commission filing on Friday. The deal, the biggest in the gaming industry, will help the U.S. software company better compete …
EU antitrust regulators set Nov. 8 deadline for Microsoft, Activision decision Read More »
By Sudip Kar-Gupta PARIS (Reuters) -The family of French luxury goods billionaire Francois Pinault, whose main business interest is the fashion company Kering, has struck a new wine deal bringing various top brands together, the parties involved said on Friday. The Pinault and Henriot families, owners of Artémis Domaines and Maisons & Domaines Henriot respectively, …
Family of French billionaire Pinault strikes wine merger deal Read More »
By Johann M Cherian and Susan Mathew (Reuters) -UK’s mid-cap stocks jumped on Friday, with beaten-down sentiment getting a small lift from data that showed the British economy performed better than expected in the second quarter, though traders remained cautious. London’s blue-chips FTSE 100 index edged 0.2% higher thanks to a comeback in hammered bank …
London stocks climb on the last day of tumultuous quarter Read More »
By Joice Alves LONDON (Reuters) -Sterling rose on Friday and was set for its biggest weekly gains since March 2020 after the Bank of England intervened to calm markets spooked by the government tax cut plans announced on Sept. 23. In a turnaround from the record lows the pound struck on Monday in reaction to …
Sterling set for biggest weekly rises since March 2020 Read More »
PARIS (Reuters) -French inflation slowed unexpectedly for a second month running in September, bucking the trend in neighbouring Germany and the wider euro zone, helped by decelerating increases in prices of energy and services, data showed on Friday. The INSEE national statistics agency said France’s EU-harmonised rate of annual inflation fell to 6.2% in September …
French inflation unexpectedly pulls back again in September Read More »
By John McCrank, Michelle Price and Iain Withers (Reuters) – British lender Barclays agreed with U.S. regulators on Thursday to pay $361 million for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO C.S. Venkatakrishnan’s first year in charge. Barclays shares …
Barclays to pay $361 million U.S. fine for ‘staggering’ blunder Read More »
By Kate Abnett and Gabriela Baczynska BRUSSELS (Reuters) -European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits, and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap. Ministers from the 27 EU member countries met in Brussels on Friday, where …
EU countries approve energy windfall levies, turn to gas price cap Read More »
