BERLIN (Reuters) – OMV said on Friday it was putting in place a new supply system to make up for shortfalls at its Schwechat refinery following a mechanical incident that damaged a main distillation unit for crude oil last week. It said it could not yet estimate how long it would take to make repairs …
OMV says new supply system to offset Schwechat refinery shortfalls Read More »
LONDON (Reuters) – The British public’s expectations for the rate of inflation in a year’s time have risen to their highest in records going back to 1999, a quarterly survey by the Bank of England showed on Friday. The public’s median inflation expectation for 12 months’ time rose to 4.6% in May, up from 4.3% …
Bank of England says 12-month inflation expectations hit record Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s price caps on fuel, some basic foods and energy could stay in place for a longer period if the war in Ukraine is entrenched, sustaining high inflationary pressures, Prime Minister Viktor Orban said on Friday. Inflation has been rising sharply across Central Europe since Russia’s invasion of Ukraine …
Hungary price caps could stay in place if war is entrenched, Orban says Read More »
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co Chief Executive Bob Chapek announced a major leadership shift on Thursday, promoting Dana Walden to chairman of general entertainment content as the company works to build its streaming television efforts. Walden replaces veteran Hollywood executive Peter Rice, who is leaving Disney. Both executives …
Disney replaces Rice, promotes Walden in leadership shakeup Read More »
(Reuters) – After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol ‘META’ on Thursday. Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, …
Meta unfriends FB ticker in final farewell to Facebook era Read More »
By Brenna Hughes Neghaiwi ZURICH (Reuters) -State Street Corp said on Thursday it is not looking to buy Credit Suisse, in its first outright dismissal of a Wednesday morning report that it was seeking a deal. U.S.-listed shares in Credit Suisse were last trading down 3.7% after falling as much as 8.4% following reports of …
State Street denies interest in buying Credit Suisse Read More »
MILAN (Reuters) -Sport streaming app DAZN will introduce a premium subscription and tighten rules on access to its services in Italy as it strives to boost revenue after a multi-billion euro deal to show top soccer games in the country. Backed by billionaire Len Blavatnik, DAZN last year won the right to screen Serie A …
DAZN introduces premium accounts, tightens device rules in Italy Read More »
(Reuters) – State Street Corp is not seeking any acquisition or business combination with Swiss lender Credit Suisse Group AG, Bloomberg News reported on Thursday, citing an emailed company statement. State Street did not immediately respond to a Reuters request for comment. Credit Suisse Chief Executive Thomas Gottstein earlier in the day called queries over …
State Street denies report of deal with Credit Suisse – Bloomberg News Read More »
By Belén Carreño and Inti Landauro MADRID (Reuters) -Spain said it will firmly defend its national interests following Algeria’s decision to suspend a 20-year-old treaty of friendship and cooperation and ban all non-gas trade, a move that also alarmed EU officials. Spain was also monitoring gas flows from Algeria, its second-largest supplier after the United …
Spain vows to defend its interests after Algeria halts all non-gas trade Read More »
By Lucy Raitano LONDON (Reuters) – The British pound softened versus the U.S. dollar and the euro on Thursday as a gloomy economic outlook and political worries weighed on the currency while the market turned its focus to an imminent announcement from the European Central Bank. By 0842 the pound was down 0.1% against the …
Pound inches down vs dollar, euro before ECB rate decision Read More »
