By Ankika Biswas, Paolo Laudani and Johann M Cherian (Reuters) -European stocks closed less than 1% away from record high levels on Thursday after the European Central Bank delivered a widely expected 25-basis-point rate cut, even though it refrained from offering new clues about its next move. The continent-wide STOXX 600 index ended higher by …
European shares close higher after ECB lowers interest rates Read More »
By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest control group Rentokil announced an overhaul of its struggling North America business, while investors continued to bet on further policy easing by the Bank of England (BoE). The blue-chip index rose 0.7% to close …
FTSE 100 touches five-month closing high on optimism over rate cuts Read More »
SOCHI, Russia (Reuters) – Russia expects the local subsidiaries of European banks Raiffeisen Bank International (RBI) and UniCredit to participate in the mass launch of the digital rouble in July 2025 or face potential fines, the central bank said on Thursday. Austria’s RBI and Italy’s UniCredit are two of Russia’s 13 systemically important banks but …
Russia expects Raiffeisen, UniCredit subsidiaries to help launch digital rouble Read More »
COPENHAGEN (Reuters) -A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources. Northvolt is in talks with investors and lenders to secure short-term funding of some …
Northvolt co-founder, Swedish funds may inject cash, broadcaster reports Read More »
COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thursday as expected, following the European Central Bank’s decision earlier in the day to reduce euro zone rates. “The interest rate reduction is a consequence of the reduction by the European Central Bank of its main …
Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB Read More »
By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …
UniCredit inks jobs deal with unions in corporate centre downsizing Read More »
ROME (Reuters) -Italy is in talks with several companies including U.S. energy group Westinghouse and France’s EDF as potential partners for a state-backed company that will build advanced nuclear reactors in the country, Energy Minister Gilberto Pichetto Fratin said. “The scale of investment in nuclear power requires cooperation with several international players,” he told reporters, …
Italy in talks with Westinghouse, EDF for nuclear plants, minister says Read More »
(Reuters) -German science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for $600 million, it said ahead of its Capital Markets day on Thursday. “Our guiding principle is and always has been, the right target, at the right time, for …
Germany’s Merck open to more M&A for its Life Science division Read More »
(Reuters) – Travelers Companies’ third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto …
Insurer Travelers beats profit estimate on underwriting strength, investment gains Read More »
By Julien Pretot PARIS (Reuters) – Since Paris St Germain were taken over by Qatar Sports Investments just over a decade ago the club has become a symbol of global sports ambition and highlighted the absence of another top-tier club in the city, an oddity in European football. The Arnault family and Red Bull’s proposed …
Soccer-Arnault, Red Bull’s proposed Paris FC takeover set to fix city’s football oddity Read More »
