By David Shepardson (Reuters) -The U.S. business of Fiat Chrysler Automobiles pleaded guilty to criminal conspiracy on Friday and will pay about $300 million in a plea agreement to resolve a multi-year U.S. Justice Department diesel emissions fraud probe, court documents show. FCA US LLC, now part of Stellantis, will pay about $300 million in …
Stellantis unit pleads guilty, will pay $300M in U.S. diesel probe Read More »
PARIS (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping market. French-based CMA CGM, one of the world’s largest container lines, reported a net profit of $7.2 billion for the first quarter, up from $2.1 billion in the …
Shipping giant CMA CGM sees uncertain outlook as earnings surge again Read More »
By Elizabeth Dilts Marshall and Noor Zainab Hussain (Reuters) -Citigroup Inc Chief Executive Jane Fraser said on Friday that Europe was more likely than the United States to slip into a recession, as she joined other global bank CEOs this week to warn about the health of the global economy. Fraser, head of the third-largest …
Citi CEO sees recession more likely in Europe than U.S Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU countries and EU lawmakers are set to agree on a common charging port for mobile phones, tablets and headphones on June 7 when they meet to discuss a proposal that has been fiercely criticised by Apple, people familiar with the matter said. The proposal for a single mobile …
EU deal on single mobile charging port likely June 7 in setback for Apple – sources Read More »
(Reuters) -Russia’s National Settlement Depository (NSD), which Moscow had planned to use to service the country’s Eurobonds, will suspend transactions in euros after the European Union added the entity to its extended sanctions list, the NSD said on Friday. Earlier this week, Russia said it was replacing Citibank, which has stopped servicing the country’s Eurobonds, …
Depository Russia planned to service Eurobonds halts euro transactions Read More »
(Reuters) – Russia’s top carmaker Avtovaz said on Friday it would resume production of its best-selling Lada Granta model from June 8, after partially halting production in March due to a shortage of electronic parts because of Western sanctions on Moscow. French auto giant Renault struck a deal in May to sell its majority stake …
Russia’s Avtovaz plans to resume production of Lada Granta from June 8 Read More »
(Reuters) -Acerinox and Aperam are in talks about a possible merger that could create Europe’s top producer of stainless steel, the Spanish and Dutch companies said on Friday. “Discussions are at an early stage, and no agreement has been reached as to the scope, structure or terms of any possible transaction,” Aperam said in a …
Stainless steel makers Acerinox, Aperam confirm merger talks Read More »
(Reuters) – Russia’s finance ministry on Friday said it expects to receive 393 billion roubles ($6.35 billion) in additional oil and gas revenues this month. The Russian budget is set to record total additional receipts of 656.6 billion roubles in May-June thanks to higher-than-expected oil prices, it said in a statement. Due to the temporary …
Russia to get $6.35 billion in extra oil and gas revenues in June-finance ministry Read More »
PRAGUE (Reuters) -Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact. The economy ministry said Slovakia had sought a three-year derogation on trade in piped Russian oil and oil products, but was unsuccessful as tough sanctions were approved …
Slovakia says hardest hit by Russia oil sanctions, expects solidarity Read More »
BRUSSELS (Reuters) – Euro zone retail sales were much weaker than expected in April, data showed on Friday, pulled down by principally by reduced purchases of food, drinks and tobacco. The EU’s statistics office said the volume of retail sales in the 19 countries sharing the euro fell 1.3% month-on-month in April for a 3.9% …
Euro zone retail trade weaker than expected as food sales fall Read More »
