By Elvira Pollina and Gianluca Semeraro MILAN (Reuters) -Italian merchant bank Mediobanca on Thursday renewed its opposition to Banca Monte dei Paschi’s takeover offer, even after it was sweetened with a cash component, saying that it remained “entirely inadequate”. Mediobanca restated its position after a board meeting in Milan on Thursday, issuing a statement that …
Mediobanca fights on against Monte dei Paschi bid Read More »
MOSCOW (Reuters) -Russian authorities may prolong the gasoline export ban for oil producers into October, Russian state-run news agency RIA reported on Thursday, citing Vitaly Korolev, deputy head of the country’s anti-monopoly watchdog FAS. Korolev said all options remained on the table, but stressed that meeting domestic demand was the government’s top priority. Last week, …
Russia may extend gasoline exports ban for producers through October, RIA reports Read More »
By Jody Godoy (Reuters) -The rapid pace of development in the world of tech, particularly in AI, spurred a judge’s cautious approach to curbing Google’s online search monopoly, revealing a hurdle for U.S. antitrust enforcers’ efforts to win their other cases against Big Tech. U.S. District Judge Amit Mehta ruled last year that Alphabet’s Google …
Analysis-Google ruling shows how tech can outpace antitrust enforcement Read More »
By Marc Jones LONDON (Reuters) -A combination of anaemic European growth and pre-election government spending could push Hungary’s budget deficit as high as 4.5% of GDP this year, the country’s economy minister has told Reuters. Rising longer-term government debt costs have been causing worries in recent weeks, but Marton Nagy said Hungary would maintain the …
Hungary vows to maintain market trust as deficit edges higher Read More »
By Yamini Kalia (Reuters) -British low-cost airline and travel firm Jet2 tempered its profit outlook on Thursday as visibility was muddled by travellers booking tickets closer to departure, sending its shares plummeting and dragging down those of its European peers. The company now sees operating profit towards the lower-end of the expected range of 449 …
Travel firm Jet2 forecasts lower profit as later bookings trend worsens Read More »
FRANKFURT (Reuters) -Retail sales growth in the euro zone slowed further in July, raising doubts that healthy domestic consumption could continue to offset a hit to economic growth from U.S. tariffs, data from Eurostat showed on Thursday. Retail sales in the 20 nations sharing the euro fell by 0.5% on the month, underperforming expectations for …
Euro zone retail sales fall more than expected in July Read More »
(Reuters) -Shares of British animal genetics firm Genus shot up nearly 29% on Thursday, after it reported a 38% rise in annual adjusted pretax profit and signed a revised agreement to speed up the formation its China joint venture. Genus first partnered with Beijing Capital Agribusiness Co. Ltd (BCA) in 2019 to jointly market pigs …
British animal genetics firm Genus surges on profit jump, China JV acceleration Read More »
By Amanda Cooper LONDON (Reuters) -The pound drifted on Thursday, in what has been its most volatile week in months, as investors grow increasingly nervous about Britain’s finances and the government’s ability to keep them under control, which has rattled the bond market too. Sterling traded a shade higher at $1.3455, heading for a third …
FRANKFURT (Reuters) -Shares in Porsche AG, the luxury sports car maker majority-owned by Volkswagen, will drop out of Germany’s benchmark blue-chip index on September 22, stock exchange operator Deutsche Boerse said on Wednesday. In a statement on its regular DAX index reshuffle, Deutsche Boerse’s ISS STOXX unit said Porsche AG, which was a member of the …
Porsche AG drops from DAX on falling shares and global challenges Read More »
By Kanishka Singh and Gwladys Fouche WASHINGTON/OSLO (Reuters) -President Donald Trump’s administration said on Wednesday it was “very troubled” by the Norwegian sovereign wealth fund’s divestment of U.S. construction equipment group Caterpillar, and is engaging with Norway’s government on the issue. Norway’s $2 trillion wealth fund, the world’s largest, said last week it had divested …
US ‘very troubled’ by Norway wealth fund’s divestment from Caterpillar Read More »
