By Tom Sims FRANKFURT (Reuters) -Italy’s UniCredit will not take over Commerzbank, the German lender’s CEO Bettina Orlopp said on Wednesday, but she added that investors will have the final say.Over the past year, UniCredit has built up a 26% equity stake in the German bank and pressed for a tie-up, but Commerzbank has resisted …
UniCredit will not take over Commerzbank, says German bank’s CEO Read More »
LONDON (Reuters) -There is early evidence that bond issuers and investors are making greater use of the euro, ING said in a report published on Wednesday to mark 100 days since ECB chief Christine Lagarde said the euro could become a viable dollar alternative. The report stressed that Europe needs to deliver credible reforms to …
Early signs emerging of euro’s beefed-up global status, ING says Read More »
(Reuters) -Aon said on Wednesday it will sell the majority of NFP’s wealth business to private equity firm Madison Dearborn Partners in a deal valued at about $2.7 billion. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)
By Paul Sandle LONDON (Reuters) -Topshop, the British fashion brand that set trends in its early 2000s heyday, will return to high streets across the country in John Lewis department stores next year, the companies said on Wednesday. A selection of Topshop pieces including denim, jackets and wardrobe staples will be available in 32 John …
British fashion brand Topshop to return to high street at John Lewis Read More »
By Elvira Pollina and Klaus Lauer MILAN/BERLIN (Reuters) -MFE-MediaForEurope has secured a stake of above 70% in ProSiebenSat.1 following its takeover bid for the German broadcaster, sources close to the matter told Reuters on Wednesday. The takeover is part of wider push by MFE, controlled by Italy’s Berlusconi family, to create a European ad-funded TV …
MFE’s stake in ProSieben rises above 70% after takeover bid, sources say Read More »
September 3 (Reuters) -The euro zone economy kept expanding at a snail’s pace in August as weaker services growth offset improved manufacturing output, despite the first rise in overall new orders since May last year, a survey showed on Wednesday. The HCOB Eurozone Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, inched up to …
Euro zone economic growth remains sluggish in August, PMI shows Read More »
By Pratima Desai LONDON (Reuters) -Britain’s financial watchdog has approached commodity trader Mercuria inquiring about its large London Metal Exchange aluminium holding, which has distorted prices for contracts with short maturities, two sources familiar with the matter said. No rules have been broken, but disruptions to the LME’s largest-volume market leave consumers in the transport, …
Exclusive-Britain’s FCA asks Mercuria about its LME aluminium holding Read More »
FRANKFURT (Reuters) -European Union legislators should demand safeguards and robust equivalence regimes from foreign issuers of stablecoins to prevent the risk of runs on reserves held in the EU, European Central Bank President Christine Lagarde said on Wednesday. The EU has put in place one of the world’s strictest regimes on crypto assets, requiring that …
ECB’s Lagarde says EU should close loopholes in stablecoin regulation Read More »
By David Shepardson FORT WORTH, Texas (Reuters) -A U.S. judge on Wednesday will hold a hearing on whether to approve a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that killed 346 people. Judge Reed O’Connor in Texas …
US judge to hear objections to deal that allows Boeing to avoid prosecution over crashes Read More »
By David Milliken LONDON (Reuters) -A surge in new business helped Britain’s services sector to grow by the most in more than a year last month as concerns about U.S. tariffs eased, but firms remained worried about the prospect of tax rises at home, according to a survey published on Wednesday. The S&P Global Purchasing …
New orders help lift UK services PMI by most since April 2024 Read More »
