By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) – Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year. In an interview on Dutch television programme Buitenhof, Knot, known …
ECB’s Knot sees first interest rate hike in fourth quarter of 2022 Read More »
LONDON (Reuters) – Staff at Tesco deserve to be protected from inflation and it was wrong for the governor of the Bank of England to tell workers to restrain their demands for wage rises, the chairman of Britain’s biggest supermarket said on Sunday. Andrew Bailey drew an icy response from unions and the government after …
BoE governor wrong to call for wage restraint – Tesco chairman Read More »
(This Feb. 4 story corrects headline to show Lynch stepped down as Darktrace adviser) (Reuters) – British tech tycoon Mike Lynch has resigned as an adviser to Darktrace PLC, a British cyber security firm, the Telegraph reported on Friday. He has stepped down from Darktrace’s science and technology committee a week after UK’s Home Secretary …
Mike Lynch steps down as Darktrace adviser as he fights extradition to U.S. -Telegraph Read More »
By Maria Chutchian and Tom Hals (Reuters) – Johnson & Johnson tried to get a U.S. judge to block Reuters from publishing a story based on what it said were confidential company documents about the healthcare giant’s legal maneuvers to fight lawsuits claiming its Baby Powder caused cancer. “The First Amendment is not a license …
J&J tried to get federal judge to block publication of Reuters story Read More »
By Alexandros Avramidis LARISSA, Greece (Reuters) – Farmers in central Greece on Friday protested with hundreds of tractors against soaring energy costs, dismissing government support measures as inadequate and demanding more help to cope with rising prices. The farmers parked tractors on a national highway near the town of Larissa in central Greece, where they …
Greek farmers stage tractor protest against soaring energy costs Read More »
FRANKFURT (Reuters) – A buyout group seeking to take over Germany’s Aareal Bank in a $2.1 billion deal said on Friday that too few shareholders took them up on their offer and the bid had failed. Big investors had been publicly resisting to tender their shares, with one calling the offer “lousy.” In a final …
$2.1 billion effort to buy out Germany’s Aareal Bank fails Read More »
By William Schomberg and Alistair Smout LONDON (Reuters) -Two top Bank of England officials stressed on Friday the need for restraint on pay rises, drawing an icy reaction from unions and government, a day after the BoE sought to head off inflation running at a 30-year high by raising interest rates again. Governor Andrew Bailey …
Bank of England calls for wage restraint to keep grip on inflation Read More »
By Allison Lampert MONTREAL (Reuters) -Europe’s Airbus and Quebec on Friday said they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the loss-making A220 jet program until the venture is likely to turn profitable. Airbus would invest $900 mln, while Quebec would put $300 million into …
Airbus, Quebec reach $1.2 billion investment deal for A220 jet program Read More »
(Reuters) – Reckitt Benckiser is considering options for its infant nutrition business including a potential sale, Bloomberg News reported on Friday, citing people familiar with the matter. The British consumer goods giant, whose brands include Enfamil formula, is reviewing its baby-food business globally and has been informally weighing buyer interest in the operations, the report …
Reckitt Benckiser mulls sale of baby-food business – Bloomberg News Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Finland’s Konecranes and Cargotec are set to take a step closer to creating a global leader in industrial machinery with conditional EU antitrust approval for their 4.5-billion-euro ($5.1 billion) tie-up, a person familiar with the matter said. The companies, which provide road and sea-cargo handling machinery and services to …
Exclusive-Konecranes, Cargotec to get EU okay for $5.1 billion deal – source Read More »
