FRANKFURT (Reuters) -An undisclosed investor is selling shares in Deutsche Bank and Commerzbank, a bookrunner said on Monday, stakes that amount to more than 5% in Germany’s top two lenders. The sale is for 116 million shares of Deutsche Bank and for 72.5 million shares of Commerzbank, according to a note announcing the sale. One …
Investor sells big stakes in Deutsche Bank, Commerzbank -bookrunner Read More »
BUCHAREST (Reuters) – Romania’s coalition government announced on Monday a series of grants, vouchers and subsidies worth 17.3 billion lei ($3.81 billion) to help vulnerable Romanians and key industries cope with rising prices and supply shocks. Roughly half the cost of the measures, which have yet to be approved and will be enforced in stages …
Romanian government plans grants, vouchers worth $3.81 billion to support economy Read More »
LONDON (Reuters) -The EMEA Credit Derivatives Determinations Committee (CDDC) has been asked on Monday whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly bringing payout on billions of dollars in default insurance a step closer. Russia made a payment due on April 4 on two sovereign bond in roubles rather than the …
Credit determinations committee is asked question on Russia potential failure to pay Read More »
By Devik Jain and Sruthi Shankar (Reuters) -British stocks ended lower on Monday as data showed the economy slowed more than expected in February, intensifying worries about a cost-of-living squeeze. Gross domestic product rose by 0.1% in February, missing the 0.3% rise forecast by economists in a Reuters poll and down from a 0.8% increase …
LONDON (Reuters) – British coffee and sandwich chain Pret A Manger is to expand into Ireland and Northern Ireland, it said on Monday. Pret, owned by investment group JAB and founder Sinclair Beecham, said a deal with franchisee Carebrook Partnership Ltd will see a new shop open in Dublin first, with the ambition to open …
Gdansk (Reuters) -Poland’s biggest fashion retailer, LPP, said on Monday it would strengthen its presence in the European Union, shifting focus after suspending its business in Ukraine and closing stores in Russia. Loss of the two eastern markets would cost 25% of revenue, it said. In response, it will enter Italy, Greece and Cyprus next …
Poland fashion chain LPP to expand in EU after pulling out of Ukraine, Russia Read More »
LONDON (Reuters) – British food producers warned on Monday that perishable goods were losing their value due to congestion around the port of Dover caused by disruption to ferry services and customs operations. A number of issues have converged to cause a perfect storm of problems at Dover, the main route for road freight to …
Britain’s Dover delays damaging fresh produce exports, producers warn Read More »
By Sruthi Shankar (Reuters) -European stocks fell on Monday as surging bond yields slammed technology shares and volatility gripped French blue-chip stocks on forecast of a tight race between President Emmanuel Macron and far-right challenger Marine Le Pen in the final round of voting. The pan-European STOXX 600 index dropped 0.6%, lead by a 2.1% …
European shares slide on tech selloff, French election jitters Read More »
By Joice Alves LONDON (Reuters) – Sterling fell on Monday against the euro and the dollar after data showed the UK economy slowed more sharply than expected in February. Monthly gross domestic product rose by 0.1% in February, down from 0.8% growth in January. A Reuters poll of economists had forecast a 0.3% increase. The …
Sterling falls as data shows Britain’s economic growth stutters Read More »
BERLIN (Reuters) – Austria’s national bank on Monday raised its inflation forecast for this year to 5.6% from 5.3% predicted last month as energy prices and the economic impact of the war in Ukraine hit consumer prices. Inflation, as measured by the Harmonised Index of Consumer Prices (HICP), is expected to ease to 2.9% in …
Austria’s central bank raises 2022 inflation forecast Read More »
