By Susan Mathew (Reuters) -European shares slipped on Wednesday led by technology stocks, as worries about inflation and monetary policy tightening dampened optimism around China’s economic recovery. The pan-European STOXX 600 index fell 0.1% by 0820 GMT after rising 3.6% since Friday. Technology shares slipped 0.7%, while a fall in copper prices weighed on basic …
By Tim Hepher and Gus Trompiz PARIS (Reuters) – French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic. CMA CGM will take up to …
Air France-KLM agrees cargo deal with French shipping firm CMA CGM Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Wednesday laid out plans to restructure its operations to focus on business customers and mobile infrastructure, announcing two senior executives will leave the company. Chief Executive Borje Ekholm said the move was aimed at boosting performance rather than cutting costs, and said it was too early to say …
Ericsson to reshuffle operations, two execs to depart Read More »
MILAN (Reuters) – Italian credit management company Generalfinance said on Wednesday it plans to list on the Milan bourse, with an initial public offer expected to start in June. The group, which provides financing to small and medium businesses, will offer both newly-issued shares and existing ordinary shares. An over-allotment option and a lending option …
Italian credit management company Generalfinance plans to list in Milan Read More »
By Kate Holton LONDON (Reuters) – London’s City Airport has vowed to become net zero by 2030, accelerating an original goal of 2050 to get ahead of what it believes will be a move by large corporations to cut flying to reduce emissions, threatening its business travel. Located beside former dockyards a few miles east …
London City Airport brings forward net zero target to 2030 Read More »
PARIS (Reuters) – Portuguese electric vehicle (EV) charging operator Power Dot has raised 150 million euros ($158.01 million) with private equity firm Antin Infrastructure Partners to triple its network of charging points in France, the two firms said on Wednesday. Present in several European countries, Power Dot currently has 2,500 charging points in France available …
Power Dot raises 150 million euros to speed up expansion in France Read More »
By Tom Sims, Alexander Hübner and Jonathan Stempel NEW YORK/MUNICH (Reuters) -Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of Justice …
Allianz to pay $6 billion in U.S. fraud case, fund managers charged Read More »
By Nick Carey LONDON (Reuters) – REE Automotive, which develops rolling chassis for commercial electric vehicles (EVs), said on Tuesday that it will start customer tests of its electric walk-in van in Detroit this summer to take orders for 2023 deliveries. The Israeli startup said the EV, built using a body designed by EAVX, a …
REE Automotive to hold customer tests of electric van in Detroit Read More »
By Dominique Vidalon and Matthieu Protard PARIS (Reuters) -Societe Generale Chief Executive Frederic Oudea in a surprise move on Tuesday said he would step down next year, bringing to an end what will be a 15-year reign running the lender. France’s third-biggest listed bank said it would launch the process of finding a successor for …
SocGen CEO Oudea surprises banking world with decision to step down next year Read More »
By Tim Hepher PARIS (Reuters) – Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion. The move comes as firms report a stronger than expected U.S.-led recovery — but one increasingly overshadowed by inflation, rising borrowing costs and the effects of …
Analysis-Aircraft leasing faces shake-up as risks cloud recovery Read More »
