(Corrects paragraph 2 to remove reference that Aberdeen is Chevron’s only office in Scotland) By Shadia Nasralla LONDON (Reuters) -Chevron will close its Aberdeen, Scotland, office, the U.S. oil producer said on Monday, ending the company’s decades-long presence in the city as part of its ongoing restructuring. The closure of the Aberdeen office will take …
Chevron to close Scotland office under restructuring Read More »
FRANKFURT (Reuters) -Mercedes-Benz expects tariff-related headwinds to the profit margin at its core cars division to be less than 3% in the second quarter, brokerage Bernstein wrote in a note, following a regular investor call ahead of quarterly results. This was due to “some de-escalation of tensions between the US and China, some tariff offsets …
By Matt Tracy (Reuters) -A total $14.3 billion of media giant Warner Bros Discovery’s bonds move to their new home in high-yield bond portfolios will likely be slowed by a recently announced exclusion from a major index, said a BofA Global Research report. ICE Data Indices said on Thursday it would postpone including Warner Bros …
(Adds dropped words “wealth management” in headline) MILAN (Reuters) -Ares Management has appointed Alessandro Verdirrame as Italy country chief for its wealth management solutions, a newly created role, it said on Monday. Verdirrame will be based in Milan, where Ares has recently opened an office. He joins from Goldman Sachs, where he has spent just …
Ares hires Verdirrame from Goldman Sachs to head Italy wealth management business Read More »
(Reuters) -British private equity firm Oakley Capital Investments said on Monday it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion. (Reporting by Unnamalai L in Bengaluru)
(Reuters) -French heart prosthesis company Carmat has filed for insolvency and requested to be placed in receivership after failing to secure emergency funding, it said on Monday. Trading in Carmat shares have been suspended at the company’s request, it said, pending a decision by the the Versailles Economic Affairs Court. Carmat, which had warned earlier …
France’s Carmat files for insolvency, shares suspended Read More »
(Reuters) -The International Monetary Fund said on Monday it has completed its eighth review of Ukraine’s $15.5 billion four-year support program, paving the way for a disbursement of an additional $500 million to the war-torn country. That will bring total disbursements to $10.6 billion, the IMF said in a statement, following its board’s approval of …
IMF to provide Ukraine with $500 million after review Read More »
SINTRA, Portugal (Reuters) -Uncertainty is bound to remain a key feature of the global economy, likely making inflation more volatile and requiring the ECB to act more forcefully to keep prices around its target, ECB President Christine Lagarde said on Monday. The ECB unveiled an updated strategy on Monday and concluded that major deviations from …
Euro zone facing increased inflation volatility, Lagarde says Read More »
By Elisa Anzolin MILAN (Reuters) -Italian luxury brand Valentino said on Monday its Chief Executive Jacopo Venturini was currently on sick leave, responding to media reports of his imminent departure. A possible change of CEO would, if confirmed, pile further pressure on the high-end business which reported a decline in revenues and profit last year. …
Valentino faces uncertainty as CEO takes sick leave amid profit slowdown Read More »
By Shadia Nasralla LONDON (Reuters) -Britain’s Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country’s reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil. Lindsey is one of six remaining oil refineries in Britain, according to the U.S. Energy Information Administration, and …
UK’s Lindsey oil refinery insolvent, 420 jobs at risk Read More »
