MILAN (Reuters) -Italy’s second-biggest bank UniCredit said it had brought its Italian life insurance business in house and will apply for capital relief measures known as ‘Danish compromise’ for banks that own insurers. Under CEO Andrea Orcel, UniCredit is looking for ways to boost fee income and has bought out its life insurance partners in …
UniCredit brings Italian life insurance business in house Read More »
By Amy-Jo Crowley and Charlie Conchie LONDON (Reuters) -Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. Gilinski, who sits on Metro’s board as a non-executive director and who owns a 52.87% stake …
Exclusive-Metro’s biggest shareholder open to selling stake, sources say Read More »
By Tim Hepher, Giulia Segreti and Makini Brice PARIS (Reuters) -President Emmanuel Macron threw France’s backing behind plans for a European satellite manufacturing champion and called for accelerated deployment of Starlink-type satellites as he declared space the new theatre for world power competition. Speaking at the Paris Airshow on Friday, after France moved to take …
Macron challenges Europe to rival US, China in space Read More »
By Valentina Za and Gavin Jones ROME (Reuters) -UniCredit CEO Andrea Orcel told an Italian daily on Friday the bank was likely to withdraw its offer for smaller peer Banco BPM, a day after receiving European antitrust approval for the $16.4 billion deal. Orcel’s acquisition strategy has run into trouble due to government opposition in …
UniCredit likely to drop Banco BPM offer, says Orcel Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp gave CEO Miguel Lopez a new five-year contract on Friday to continue an overhaul of the struggling conglomerate, averting a leadership crisis after powerful union representatives had opposed his re-election earlier this week. Lopez took over two years ago and has overseen significant steps in Thyssenkrupp’s …
Thyssenkrupp CEO gets new contract to speed up turnaround Read More »
By Sanchayaita Roy, Purvi Agarwal and Ragini Mathur (Reuters) -European stocks snapped a three-day losing streak and closed higher on Friday, as investors’ nerves eased following a stall in U.S. involvement in Middle East tensions. The pan-European STOXX 600 closed 0.1% higher. As Israel and Iran’s air conflict entered its second week, European officials worked …
European shares edge up as US stalls its Middle East moves Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google has proposed more changes to its search results to better showcase rivals in a bid to stave off a possible hefty EU antitrust fine, according to documents seen by Reuters. Google’s latest proposal came three months after the European Commission charged the U.S. tech giant with favouring …
(Reuters) -Britain’s FTSE 100 snapped a five-week winning streak on Friday, closing out a week marred by a wave of global risk aversion amid the conflict between Israel and Iran, while a slew of interest rate verdicts were also assessed. The blue-chip FTSE 100 dipped 0.2% to hit a more than two-week low, while the …
UK’s FTSE 100 sees first weekly fall in six; Middle East tensions in focus Read More »
ZURICH (Reuters) -Switzerland will spend 269 million Swiss francs ($329.37 million) to support Geneva as a hub for international diplomacy, the government said on Friday, amid growing financial pressure on global institutions hit by spending cuts and lower donations. The money comes as international organisations based in city face increasing competition from other cities to …
Swiss to spend $329 million to support Geneva as diplomatic hub Read More »
By Meghana Khare and Jaspreet Singh (Reuters) -Accenture reported a second straight drop in quarterly new bookings on Friday and unveiled an organizational revamp to bolster its AI consulting services, as a cutback in U.S. government spending and economic uncertainty pressure growth. The bookings decline overshadowed the consulting giant’s better-than-expected quarterly revenue and an increase …
Accenture bookings drop eclipses upbeat revenue, unveils AI-focused revamp Read More »
