By Valentina Za MILAN, Dec 3 (Reuters) – Monte dei Paschi di Siena’s board will meet on Friday to discuss an investigation by Milan prosecutors into the Italian bank’s CEO Luigi Lovaglio and its top two shareholders, a person with knowledge of the matter told Reuters. Lovaglio and the biggest investors in MPS, construction group …
Monte dei Paschi board to discuss probe of CEO over Mediobanca, source says Read More »
Dec 3 (Reuters) – British private hospital group Spire Healthcare on Wednesday warned annual profit would come in at the bottom end of guidance, citing a slowdown in UK’s National Health Service commissioning activity to the independent sector due to budget restrictions. Shares fell nearly 15% to 190.2 pence by 0953 GMT. Spire Healthcare supports …
UK’s Spire Healthcare flags profit at low end as NHS slows commissioning Read More »
By Lawrence White LONDON, Dec 3 (Reuters) – Banks could give investors a clearer view on how they manage risks, such as those associated with changing interest rates, under a new model proposed by a global accounting rule-setter. The International Accounting Standards Board on Wednesday launched a consultation on a new risk mitigation accounting model, …
Global accounting body consults on new model for assessing bank risks Read More »
By Christoph Steitz FRANKFURT, Dec 3 (Reuters) – Energy firms Uniper and Sefe, which were bailed out by Berlin during Europe’s energy crisis, are seen as attractive assets by potential investors, Germany’s economy minister said on Wednesday. Her comments were made at an investor conference on German energy and infrastructure in Frankfurt, where around 50 …
Energy firms Uniper, Sefe draw investor interest, German economy minister says Read More »
LONDON, Dec 3 (Reuters) – Britain’s Financial Conduct Authority (FCA) could “adjust and refine” a proposal for a multi-billion-pound motor finance redress package if it sees convincing, evidence-based feedback during a consultation, its chief executive said on Wednesday. FCA chief Nikhil Rathi told the FT Global Banking Summit the watchdog had received “lively” feedback on …
UK regulator open to refining motor finance redress plan, Rathi says Read More »
By Suban Abdulla LONDON, Dec 3 (Reuters) – Growth among Britain’s services firms declined last month and employment contracted the most since February in the run-up to the government’s budget, according to a survey on Wednesday that also showed the first drop in new orders in four months. The S&P Global UK Services Purchasing Managers’ …
UK services firms report slower growth, more job cuts in lead up to budget, PMI shows Read More »
DUBAI, Dec 3 (Reuters) – World Liberty Financial, a crypto venture backed by U.S. President Donald Trump’s family, will launch its suite of real-world asset products at the beginning of the first quarter in January, co-founder Zach Witkoff announced on Wednesday during an event in Dubai. USD1, WLF’s stablecoin, was used by an Abu Dhabi-backed …
WLF to launch real-world asset products in January, co-founder says Read More »
PARIS, Dec 3 (Reuters) – France’s dominant services sector expanded slightly more than first estimated in November, hitting a 15-month high as new business gained momentum in the euro zone’s second-biggest economy, a survey showed on Wednesday. The HCOB France final purchasing managers index (PMI) for the services sector, compiled by S&P Global, stood at …
France’s services sector returns to growth in November, PMI shows Read More »
By Miranda Murray BERLIN, Dec 3 (Reuters) – Germany’s services sector grew for a third consecutive month in November, albeit at a slower pace than October’s two-year-plus high, due to softer increases in new business and employment, according to a survey published on Wednesday. The final HCOB Germany Services PMI fell to 53.1 in November …
German service sector growth slows in November, PMI shows Read More »
By Luiza Ilie BUCHAREST, Dec 3 (Reuters) – Romania’s gross funding needs for 2026 are expected to grow to between 275 billion lei and 285 billion lei ($63 billion-$65 billion), but it will seek to manage public debt costs through a range of measures, debt agency chief Stefan Nanu said on Tuesday. Next year’s budget …
Exclusive-Romania says 2026 funding needs will grow but plans to manage debt costs Read More »
