(Reuters) -The European Commission is examining the Italian government’s sale of a 15% stake in Monte dei Paschi di Siena last year, following claims that large investors were shut out of the bidding process, the Financial Times reported on Tuesday. Reuters reported last week that prosecutors in Milan were also looking into the sale of …
Italy’s stake sale of Monte dei Paschi under EU scrutiny, FT reports Read More »
(Reuters) -French cloud services provider OVH on Thursday reported a 9.35% rise in third-quarter revenue to 272 million euros ($287 million), driven by strong demand for its Public Cloud services, and reaffirmed its full-year forecast. Revenue from the Public Cloud segment grew 17%, with new customer acquisitions increasing 12%, OVH said. Its Private Cloud division …
France’s SBF 120 newcomer OVH reports 9.3% rise in Q3 revenue Read More »
SYDNEY (Reuters) -The Australian government on Tuesday formally opened the sale process for commodity tycoon Sanjeev Gupta’s Whyalla Steelworks, which it said has attracted strong interest from global steelmakers looking to expand into low-emission manufacturing. The steel plant in the state of South Australia was placed in administration in February, with its operating company owing …
Australia begins formal sale process for Gupta’s Whyalla Steelworks Read More »
SYDNEY (Reuters) -Virgin Australia shares opened 8.3% higher on Tuesday after raising A$685 million ($439 million) in an initial public offering, a transaction dealmakers hope will revive a flat-lining listings market. The airline sold 236.2 million shares at A$2.90 each, valuing it at A$2.32 billion on a fully diluted basis. The stock began trading at …
Virgin Australia shares surge 8.3% on trading debut Read More »
(Reuters) -Australia’s Rio Tinto and Hancock Prospecting will invest $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region, Rio Tinto said on Tuesday. Hope Downs 2 project, containing the Hope Downs 2 and Bedded Hilltop deposits, is a joint venture between Rio and Hancock Prospecting with both parties …
Rio Tinto, Hancock Prospecting to develop $1.61 billion Hope Downs 2 project Read More »
By Allison Lampert, Menna AlaaElDin and Doyinsola Oladipo (Reuters) -Airlines scrambled to cancel flights and reroute planes on Monday after several Middle Eastern nations closed their countries’ airspace temporarily as Iran attacked the Al Udeid U.S. military base in Doha, the latest upheaval to air travel in a normally busy region. On Sunday, the U.S. …
Airlines face fresh upheaval as Iran attacks US airbase in Qatar Read More »
By Arriana McLymore NEW YORK (Reuters) -Amazon’s defense against tariffs for its coming Prime Day? Luxury goods. President Donald Trump’s tariffs have spurred some Amazon sellers who source products from China and other heavily tariffed countries to bow out of the company’s Prime Day, one of its biggest sales events of the year, to protect …
Analysis-Amazon’s premium beauty push may be a buffer against Trump’s tariffs Read More »
COPENHAGEN (Reuters) -Novo Nordisk ended a short-lived agreement to sell its Wegovy weight-loss drug through Hims & Hers Health on Monday, sending shares of the U.S. telehealth company plunging more than 30%. The companies engaged in an increasingly heated war of words on Monday following the Danish drugmaker’s decision to end a collaboration that started …
Novo, Hims & Hers engage in war of words after Wegovy deal falls apart Read More »
By Elisa Martinuzzi and Elizabeth Howcroft PARIS (Reuters) -Efforts to grant the European Securities and Markets Authority greater supervisory powers face resistance from some EU members, its chair Verena Ross told Reuters, underscoring the challenges in unifying Europe’s fragmented capital markets. “It’s clear that when it comes to supervision and also some of the other …
ESMA head says EU lacks unified view on regulator’s expanded powers Read More »
By Giulio Piovaccari MILAN (Reuters) -Stellantis new CEO Antonio Filosa started his tenure on Monday by retaining his previous role as head of the key North American market, while avoiding major changes to the French-Italian automaker’s senior management team. Stellantis shares were briefly suspended at the open, after they fell more than 5%. They were …
Stellantis shares fall as new CEO avoids big shake-up of top jobs Read More »
