Reuters UK Business

By Simon Evans MANCHESTER (Reuters) -Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, sources said on Friday, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-times …

Soccer-Investcorp in exclusive talks to buy AC Milan – sources Read More »

(Reuters) – Fears of being targeted by Western sanctions are deterring Russian brokerages from helping Sberbank by hosting its clients’ accounts with foreign stocks holdings, three financial market sources told Reuters. The United States imposed full blocking sanctions on Russia’s largest lender Sberbank and the country’s top private bank Alfa Bank last week, exerting pressure …

Sanction fears deter Russian brokerages from adopting Sberbank’s clients – sources Read More »

(Reuters) – A Russian court has threatened U.S. Internet giant Google and Wikipedia owner Wikimedia Foundation with fines for failing to delete what it said was “fake” information about the Ukraine conflict, Interfax news agency reported on Friday. Russia’s communications watchdog said on Thursday that Google would face fines over its failure to delete from …

Russian court says Google, Wikipedia face fines over ‘fake’ content Read More »

FRANKFURT (Reuters) – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a European Central Bank poll of economists showed on Friday. Economists polled in the ECB’s Survey of Professional Forecasters (SPF) put inflation at 6% this year, or twice …

Euro zone faces slower growth, higher prices as war hits: ECB poll Read More »

TOKYO (Reuters) – Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although demand, especially …

Japan to boost investment role in upstream LNG projects Read More »

(Reuters) – Top proxy adviser Institutional Shareholder Services (ISS) joined a couple of other advisory firms on Friday in recommending Glencore Plc’s shareholders to vote against the Anglo-Swiss miner’s climate progress report. The recommendation follows similar reports by Glass Lewis & Co and Australasian Centre for Corporate Responsibility (ACCR), highlighting the growing investor scrutiny on …

Advisory firm ISS urges Glencore shareholders to vote down climate progress report Read More »

BERLIN (Reuters) – Germans should start saving energy now to become more independent from Russian fossil fuels, Economy Minister Robert Habeck said, as Europe’s top economy looks for ways to cut gas and oil imports from Moscow in response to the war in Ukraine. With mounting civilian deaths in Ukraine amid Russia’s invasion, Germany is …

Germans should save energy to put pressure on Russia – minister Read More »

By Sohini Podder and Elizabeth Dilts Marshall (Reuters) -Wells Fargo & Co posted a 21% drop in first-quarter profit but beat Wall Street expectations on Thursday, as the release of funds set aside to cover potential pandemic-related loan losses cushioned a decline in mortgage lending. The fourth-largest U.S. lender posted a $3.67 billion profit, or …

Wells Fargo profit beats estimates on reserve release; revenue misses Read More »