By Silke Koltrowitz ZURICH (Reuters) – Nestle on Thursday confirmed it expects to grow sales around 5% and keep margins broadly stable this year after higher pet food, dairy and coffee prices did not deter consumers in the first quarter, forecasting more price increases ahead. Russia’s invasion of Ukraine has forced consumer goods companies to …
Nestle fends off cost inflation, helped by higher prices Read More »
By Daphne Psaledakis and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The U.S. Treasury Department said it designated a virtual currency …
New U.S. sanctions for Russian bank, oligarchs, crypto miner BitRiver Read More »
PARIS (Reuters) – French far-right presidential candidate Marine Le Pen’s interests are tied to Russia’s leadership, President Emmanuel Macron said in a TV debate with his far-right challenger on Wednesday. He said other French parties had managed to finance their operations with French loans, not through a bank connected to Russia. “None of us went …
France’s Macron says Le Pen’s interests tied to Russian leadership Read More »
ATHENS (Reuters) – Greece will raise the minimum wage from May 1 for a second time this year, Prime Minister Kyriakos Mitsotakis said on Wednesday as rising inflation takes a toll on household incomes. “The global surge in inflation is hitting low incomes. From May 1 the basic wage will rise by 50 euros a …
Greece to raise minimum wage from May 1 to boost low incomes- PM Read More »
(Reuters) – Russian Finance Minister Anton Siluanov on Wednesday urged the Group of 20 not to politicize dialogue between member states and warned them of the risk of undermining confidence in the global monetary and financial system, RIA news agency said. Top finance officials from Britain, the United States and Canada walked out of a …
Russia Finance Minister urged G20 not to politicize dialogue between members -RIA Read More »
By Dominique Vidalon PARIS (Reuters) -France’s Carrefour said on Wednesday it looked to 2022 with confidence after its sales growth accelerated in the first quarter, driven mostly by Brazil, its second-largest market. In an inflationary environment made worse by the Ukraine crisis, Carrefour would protect the purchasing power of customers and at the same time …
Carrefour confident on turnaround after Brazil sales boost Read More »
MILAN (Reuters) – Fondazione CRT banking foundation said on Wednesday it would tender its 4.54% stake in Atlantia to the takeover bid Italy’s Benetton family and Blackstone are making on the airport and motorway operator. Fondazione CRT said proceedings from the sale of shares representing a 3% stake would be reinvested in the vehicle set …
Atlantia investor CRT to tender all its 4.54% stake in takeover bid Read More »
(The April 17 story officially corrects to remove reference to potential return in paragraph 7.) By Simon Jessop LONDON (Reuters) – Global Citizen, an international non-profit aiming to help end poverty, said on Monday it plans to launch six funds of up to $1 billion each focused on generating environmental and social impact in the …
Global Citizen seeks up to $1 billion for six sustainable ‘Impact’ funds Read More »
MILAN (Reuters) -Telecom Italia (TIM) has started talks with a pool of banks for a new credit line worth around 3 billion euros ($3.3 billion) that could be partly guaranteed by Italy’s trade insurer SACE, three sources familiar with the matter said. The debt-laden former phone monopoly, hit by multiple rating downgrades following a record …
Telecom Italia seeks 3 billion euro credit line with state guarantee – sources Read More »
By Huw Jones LONDON (Reuters) -Women should make up at least 40% of boards at British listed companies and one director should be a person of colour, the country’s financial watchdog said on Wednesday as it set a range of diversity targets for firms’ top leaders. At least one senior position such as company chair, …
