By Klaus Lauer and Elvira Pollina BERLIN (Reuters) -The TV group controlled by Italy’s Berlusconi family has made commitments to Berlin that it will continue to invest in ProsiebenSat.1’s local broadcasting operations and will preserve editorial independence after it takes over its German peer. MFE-MediaforEurope is set to take a majority stake in Bavaria-based ProSieben …
By David Milliken LONDON (Reuters) -Britain sold a record 14 billion pounds ($18.9 billion) of new 10-year government bonds on Tuesday at the highest yield since 2008, after attracting over 141 billion pounds in orders from investors despite sterling heading for its worst day since June. The UK Debt Management Office sold the 4.75% October …
UK pays high price to sell record 14 billion pounds of government debt Read More »
By Inti Landauro MADRID (Reuters) -The Spanish government announced plans on Tuesday to absorb as much as 83 billion euros ($97 billion) in debt held by regional administrations in a move aimed at freeing up more resources at a local level, Budget Minister Maria Jesus Montero said. The idea was initially proposed as a sweetener …
Spain’s government to assume up to $97 billion in regions’ debt Read More »
PARIS (Reuters) -The longer France puts off tackling its excessive budget deficit and debt, the more painful it will be to find a solution, central bank head Francois Villeroy de Galhau said on Tuesday. With the government facing possible collapse in a vote of confidence next week, Villeroy added that now more than ever was …
Central bank chief says the longer France waits to tackle debt, more painful it will be Read More »
By Dhara Ranasinghe and William Schomberg LONDON (Reuters) -Britain’s 30-year borrowing costs rose to their highest levels since 1998 and sterling slid over 1.5% on Tuesday, highlighting growing investor anxiety about the UK’s ability to keep its finances under control. The selloff in British bonds, known as gilts, coincided with selling across other major bond …
UK borrowing costs hit highest since 1998, pound slides on fiscal worries Read More »
By Emma Farge and Olivia Le Poidevin GENEVA (Reuters) -The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the past 80 years, the Director-General of the World Trade Organization said on Tuesday. Since U.S. President Donald Trump …
Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says Read More »
MILAN (Reuters) -The board of Italian merchant bank Mediobanca will meet on Thursday to assess an improved offer by state-backed Banca Monte dei Paschi di Siena (MPS), a source close to the situation said on Tuesday. MPS surprised investors in January by launching an all-share bid for the Milan-based larger rival, amid a consolidation wave …
Mediobanca to assess sweetened MPS bid on Thursday, source says Read More »
FRANKFURT (Reuters) -Volkswagen’s labour boss on Tuesday increased pressure on CEO Oliver Blume to give up his dual role as the leader of both the Wolfsburg-based carmaker and its Porsche AG unit, according to an internal memo seen by Reuters. Blume’s twin posts have been in focus among shareholders and workers since Porsche’s listing as …
Volkswagen labour boss urges Blume to give up dual-CEO role, memo says Read More »
By Manya Saini (Reuters) -Sequoia Capital-backed Klarna said on Tuesday it was aiming for a U.S. listing valuing the fintech at up to $14 billion, moving it closer to its long-awaited market debut as investor appetite in high-growth tech stocks revives after a years-long dry spell. Companies that postponed going public are returning to test …
Sweden’s Klarna targets up to $14 billion valuation in long-awaited US IPO Read More »
(Refiles to add in paragraph 5 CI Financial’s US wealth business was taken private by Mubadala Capital) By Hadeel Al Sayegh DUBAI (Reuters) -Corient, one of the largest U.S. wealth advisory firms, said on Tuesday it would acquire Stonehage Fleming and Stanhope Capital Group, bringing more than $214 billion in client assets under its umbrella …
