ROME (Reuters) – Paolo Panerai, the founder and main shareholder of Italian publisher Class Editori said on Friday he had no intention of selling his majority stake in the company. A Milan bourse filing on Thursday showed that Italian businessman Francesco Gaetano Caltagirone, who has been investing in the publisher, had accumulated a stake of …
Italian publisher Class Editori says won’t sell majority stake Read More »
By Linda Pasquini (Reuters) -Sterling gained slightly against the dollar on Friday but was set for a loss on the week as uncertainty over the Israel-Iran conflict fuelled demand for traditional safe havens such as the greenback. Weak UK retail data earlier in the session and the Bank of England’s decision on Thursday to keep …
Sterling set for weekly loss as Middle East conflict overshadows domestic data Read More »
(Reuters) -Global equity funds recorded net outflows of $19.82 billion for the week ended June 18, the largest in three months, as escalating Middle East tensions and lingering uncertainty over U.S. trade policies dampened investor sentiment Investors divested a net $19.82 billion from global equity funds during the week, according to LSEG Lipper data. U.S. …
Global equity funds log biggest outflows in three months on Mideast tensions Read More »
ST PETERSBURG, Russia (Reuters) – Russian state-owned companies from the energy, transport and finance sectors will be among the candidates for privatisation, Finance Minister Anton Siluanov said on Friday, as Moscow seeks to raise funds for the federal budget. Shunned by Western capital since launching the conflict in Ukraine, Moscow has been seeking ways to …
COPENHAGEN (Reuters) -Container shipping company Maersk said on Friday it had temporarily paused vessel calls at Israel’s Haifa port, amid the country’s escalating conflict with Iran. The Danish company said it had not experienced any further disruptions to its scheduled operations in the region. Haifa port, which was privatized in 2022, is owned 70% by …
Shipping firm Maersk temporarily pauses Haifa port calls Read More »
COPENHAGEN (Reuters) -Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country’s government said on Friday. “The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway …
Norway plans temporary ban on power-intensive cryptocurrency mining Read More »
(Removes reference to ‘Friday’ in paragraph one as the first advisory was issued Thursday) PARIS (Reuters) -High water temperatures are expected to affect electricity production on the Rhone river in eastern France from June 25, particularly at the 3.6 gigawatt (GW) Bugey nuclear plant, nuclear operator EDF said in a notice. This is the first …
High French river temperatures to hit nuclear production next week Read More »
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Investor unease about an increasingly uncertain environment is rising, as Norway’s shock rate cut on Thursday highlights how U.S. tariffs, Middle East conflict and a shaky dollar make global monetary policy and inflation even harder to predict. Norway’s crown slid roughly 1% against the dollar and the …
Oil, war and tariffs tear up markets’ central bank roadmap Read More »
BERLIN (Reuters) -Germany’s economy ministry on Friday expressed regret over ArcelorMittal’s decision not to proceed with two key hydrogen steel projects in Germany, foregoing government help amounting to 1.3 billion euros ($1.5 billion). “It is important to note that no money has yet flowed. This means that no money has to be reclaimed,” the ministry …
Germany regrets Arcelor’s decision to halt carbon-neutral steel production Read More »
By Charlie Conchie, Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) -Private equity firm Penta Capital has enlisted bankers to sell financial planning company Amber River, four sources familiar with the matter said, in what would be the latest in a wave of dealmaking to hit Britain’s financial advice industry. Advisers at Rothschild have been lined …
Buyout firm Penta chooses bankers for sale of Britain’s Amber River, sources say Read More »
