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Euro zone banks face rising cyber threats amid geopolitical tensions: ECB

FRANKFURT (Reuters) – Euro zone banks face an increased risk of cyber attacks, particularly in relation to rising geopolitical tensions, European Central Bank supervisor Andrea Enria said on Thursday. “We are asking (banks) to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,” …

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Higher steel prices boost Thyssenkrupp amid supply chain strains

By Christoph Steitz and Tom Käckenhoff FRANKFURT (Reuters) – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and materials trading – benefited from significantly higher steel prices. Larger rival ArcelorMittal also pointed to tailwinds from higher selling prices thanks to a recovering …

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AstraZeneca says COVID vaccine demand high in Latam, Middle East, Asia

FRANKFURT (Reuters) – Astrazeneca said global interest in government purchase agreements for its COVID-19 vaccine was driven by strong demand in Latin America, the Middle East and Asia, even as aggregate global demand this year will fall. Speaking on a media call after the release of the company’s fourth-quarter results, CEO Pascal Soriot said the …

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Deutsche Boerse CEO says big M&A deal is not on the agenda

FRANKFURT (Reuters) – Deutsche Boerse is not planning a major merger or acquisition (M&A) at the moment, Chief Executive Officer Theodor Weimer said on Thursday. M&A plays a significant role in the German exchange operator’s strategy, but “a big deal is not on the agenda,” Weimer told reporters. (Reporting by Tom Sims and Frank Siebelt; …

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UK accounting watchdog probes Sanjeev Gupta’s Liberty Commodities

LONDON (Reuters) – Britain’s accounting watchdog opened an investigation on Thursdsay into HW Fisher’s audit of Liberty Commodities, part of steel magnate Sanjeev Gupta’s family conglomerate GFG Alliance. The Financial Reporting Council said it had commenced its investigation into the audit conducted by HW Fisher of metals trading house Liberty Commodities’ financial statements for the …

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Ashmore profit hit by outflows, emerging market downturn

By Karin Strohecker LONDON (Reuters) -Ashmore Group’s pretax profit dropped 23% in the six months to the end of 2021 as net outflows and a poor investment performance hit its assets under management. The emerging markets investment firm said its pretax profit was 116 million pounds ($157 million) during the period, while adjusted diluted earnings …

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Italy’s Technoprobe IPO price range narrowed to 5.60-5.80 euros – bookrunner

MILAN (Reuters) – The price range for the initial public offering of Italian microelectronics company Technoprobe has been revised to 5.60-5.80 euros per share from a previous 5.40-6.30 euros, one of the bookrunners said on Thursday. At the top of the new price range the company, one of the world largest manufacturers of so-called probe …

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Thyssenkrupp CFO: possible listing of Nucera would take place in H1

FRANKFURT (Reuters) – Thyssenkrupp will list its hydrogen division Nucera in the first half of 2022 if it decides in favour of such a move, Chief Financial Officer Klaus Keysberg said on Thursday. “If we decide in favour of a stock market flotation, we will execute it shortly thereafter,” he told journalists after presenting first-quarter …

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