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LONDON (Reuters) -Britain on Tuesday mistakenly assigned the address of the Russian central bank to a privately held bank with close links to Russian President Vladimir Putin that was the target of sanctions announced by Prime Minister Boris Johnson. Johnson slapped sanctions on five private banks including Bank Rossiya, which the government said was “privately …

Britain mistakenly puts Russian central bank’s address on sanctions list Read More »

By Roberto Samora SAO PAULO (Reuters) -Nestle SA said on Tuesday it will almost double its investments in Brazil in 2022 from a year earlier as it builds a new pet food factory and looks to expand its overall industrial capacity in the country. The annual investments are expected to reach more than 1.8 billion …

Nestle to double investments in Brazil in 2022 as it expands output capacity Read More »

BERLIN (Reuters) – German business morale improved in February despite the ongoing Ukraine conflict as businesses hope for an end to the coronavirus crisis, a survey showed on Tuesday. The Ifo institute said its business climate index rose to 98.9 from an upwardly revised 96.0 in January in December. A Reuters poll of analysts had …

German business morale significantly improves in February Read More »

BERLIN (Reuters) -Volkswagen AG is in advanced discussions with Porsche Automobil Holding SE about a potential IPO of the luxury carmaker and the two have negotiated a framework agreement as the basis for preparing such a step, Volkswagen said on Tuesday. The conclusion of an agreement must be approved by the management board and supervisory …

Volkswagen AG and Porsche SE in ‘advanced discussions’ about Porsche IPO Read More »

(Reuters) – Italian EU-harmonised consumer prices (HICP) remained flat month-on-month in January and were up 5.1% from the year earlier, official statistics agency ISTAT said on Tuesday, revising down preliminary data. The preliminary estimate had pointed to +0.2% month-on-month and +5.3% year-on-year. January’s +5.1% annual rate was up from 4.2% in December. The main domestic …

Italy January EU-harmonised CPI revised to +5.1% y/y Read More »

LONDON (Reuters) – Britain will immediately impose hard economic sanctions on Russia after President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine, Prime Minister Boris Johnson said on Tuesday. “We will immediately institute a package of economic sanctions,” Johnson told reporters. The sanctions, he said, would be “targeted not …

UK to immediately impose hard economic sanctions on Russia – PM Johnson says Read More »

MOSCOW (Reuters) – Rosneft plans to build three carbon capture storage (ССS) hubs by 2030 as part of a strategy that will see Russia’s largest oil producer become carbon-neutral by 2050, its first vice president said. Didier Casimiro also told reporters on Monday that the company was aiming to reach its target for the share …

Rosneft plans to build three carbon capture storages hubs by 2030 Read More »

PARIS (Reuters) – EDF expects a planned state capital increase to occur in the coming weeks, the head of the French state-controlled utility said on Tuesday. Last week, the government said it would inject around 2.1 billion euros ($2.4 billion) into EDF to ease the financial pain inflicted by nuclear reactors going offline, of which …

EDF capital increase to take place in coming weeks, CEO says Read More »