By Marc Jones LONDON, Dec 9 (Reuters) – Ukraine secured crucial support from creditors on Tuesday for its plan to retire $2.6 billion of growth-linked debt that officials have warned could strain public finances once the war with Russia ends. Kyiv launched the offer on December 1 to replace its so-called GDP-linked warrants for new …
Creditor group backs Ukraine’s plan to swap $2.6 billion of GDP warrants Read More »
Dec 9 (Reuters) – British retail tycoon Mike Ashley has pledged around 670 million pounds ($890.6 million) worth of shares in his sportswear and fashion retailer Frasers Group Plc as collateral for a loan from HSBC, according to filing on Tuesday. Ashley’s holding company, MASH Beta Limited, which holds the majority of Frasers’ issued share …
UK retail tycoon Mike Ashley uses Frasers shares as collateral for loan Read More »
Dec 9 (Reuters) – Britain’s Unite union said on Tuesday some workers at Diageo’s Belfast packaging site voted to reject the company’s improved pay offer and resume a previously suspended eight-day strike action in December. About 90 workers at Diageo’s Belfast site are demanding a substantial pay increase to close the pay gap with employees …
Diageo’s Belfast workers to resume strike action over pay dispute, union says Read More »
By Dmitry Zhdannikov, Anna Hirtenstein and David Gauthier-Villars LONDON, Dec 8 (Reuters) – U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil’s foreign assets be used to repay American investors who lost money when Russia’s war in Ukraine froze their Lukoil stock holdings, sources said. U.S. …
Exclusive-US bank floats plan to repay US investors via Lukoil asset sale, sources say Read More »
By Elvira Pollina and Giuseppe Fonte MILAN, Dec 9 (Reuters) – Italy’s communications watchdog AGCOM has given its initial backing to the extension of existing 5G spectrum licenses, a move that would avoid a costly new auction, people familiar with the matter told Reuters. At a meeting last week, AGCOM’s board endorsed the renewal option, …
Italy’s telco regulator gives initial nod to 5G spectrum rights renewal, sources say Read More »
By Francesco Canepa FRANKFURT, Dec 9 (Reuters) – The European Central Bank will propose simplifying rules on capital buffers required of banks, pruning some of the complex regulation put in place after the global financial crisis, two sources familiar with the proposals told Reuters. The list of measures that ECB Vice-President Luis de Guindos will …
ECB backs simpler, not looser, bank rules, sources say Read More »
By Curtis Williams Dec 9 (Reuters) – Trinidad and Tobago’s government is waiting for a development plan from energy producer Shell to push forward the Aphrodite offshore gas project, documents seen by Reuters showed. Shell said in June that it had made a positive final investment decision on the discovery, which is expected to produce …
Trinidad awaits field plan to green-light Shell’s Aphrodite gas project Read More »
PARIS, Dec 9 (Reuters) – CGT labour union at LVMH’s Moet&Chandon and Veuve Clicquot champagne units called on staff to drop their work and take part in protests on Thursday to urge management to pay year-end bonuses. CGT at Moet&Chandon called on workers to take part in a midday gathering to collectively decide on further …
LVMH Champagne workers call for further strikes and protests Read More »
By David French and Stephanie Kelly NEW YORK/LONDON, Dec 9 (Reuters) – Shell is in advanced talks to buy LLOG Exploration Offshore in a deal worth more than $3 billion, two sources familiar with the matter said, a move that would boost the oil major’s upstream portfolio through one of the largest privately held oil …
By Dan Levine and Patrick Wingrove Dec 9 (Reuters) – U.S. health regulators informed senior executives at Merck, Sanofi and AstraZeneca last week that their approved protective RSV treatments for infants would face fresh safety scrutiny following concerns raised by vaccine skeptics, multiple sources familiar with the situation told Reuters. The preventive therapies – Beyfortus …
Exclusive-US FDA launches fresh safety scrutiny of approved RSV therapies for infants Read More »
