DUBLIN (Reuters) -The Irish government on Monday launched the sale of its remaining shares in AIB Group, one of the country’s two dominant lenders it effectively nationalised 15 years ago, Finance Minister Paschal Donohoe said. Ireland pumped 64 billion euros ($74.10 billion) or almost 40% of its then annual economic output, into the country’s banks …
Ireland to sell final AIB shares 15 years after banking crisis Read More »
By Tim Hepher, Paul Sandle and Joanna Plucinska PARIS (Reuters) -Airbus sealed a landmark order for 40 A220 jets from Polish national carrier LOT on Monday, marking the airline’s largest-ever investment and signalling a broader reset in political ties between Poland and France. The deal, which was first reported by Reuters on Friday, follows a …
Airbus wins landmark Polish airline order in Europe ‘reset’ Read More »
By Mimosa Spencer and Gilles Guillaume PARIS (Reuters) -Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of Renault tumbling earlier on Monday. The Italian, who has spent his career in the …
Gucci owner Kering appoints de Meo as CEO, shares soar Read More »
(Reuters) -London’s benchmark FTSE 100 rose on Monday, coming within spitting distance of a record high, after global risk appetite was boosted by reports Iran was seeking a truce with Israel. The blue-chip FTSE 100 closed up 0.3% at 8,875.22 points, and came within a couple of points of its intraday record high of 8,908.74 …
UK’s FTSE 100 joins global rally after reports Iran seeking truce with Israel Read More »
By America Hernandez PARIS -French oil major TotalEnergies has acquired a 25% interest in a Chevron-operated portfolio of 40 federal exploration leases offshore the U.S., in the Gulf of Mexico, it said on Monday. The outer continental shelf leases include 13 blocks in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and …
TotalEnergies enters 40 Chevron-operated US offshore blocks Read More »
BRUSSELS (Reuters) -The European Commission dismissed on Monday reports suggesting it was willing to accept a broad U.S. tariff of 10% on EU goods as speculative and said they did not reflect current discussions. “Negotiations are ongoing, and no agreement has been reached at this stage. The EU has from the start objected to unjustified …
EU dismisses reports that it is ready to accept flat 10% U.S. tariff Read More »
LONDON (Reuters) -U.S. toy supplier MGA Entertainment abused its dominant position to try to block a new market rival by threatening to withdraw its own popular L.O.L. Surprise! dolls from British retailers, London’s High Court found on Monday after a bitter legal battle. California-based MGA – which is a major supplier of toys to U.S. …
US toymaker MGA criticised by UK court for ‘retaliatory’ action against startup Read More »
FRANKFURT (Reuters) -The following is the Q&A of a Reuters interview with ECB Vice President Luis de Guindos. Click here for an interview story and here for a story on the ECB’s policy review. Q: President Lagarde said the ECB was in a good place now. Investors and ECB watchers took that to mean a …
Reuters interview with ECB Vice President de Guindos Read More »
By Kate Abnett LUXEMBOURG (Reuters) -Hungary and Slovakia on Monday opposed a planned European Union ban on Russian gas imports, though Brussels is expected to propose the law on Tuesday, which could pass without their approval. The European Commission aims to ban EU Russian gas and liquefied natural gas (LNG) imports by the end of …
EU moves ahead with Russian gas ban proposal despite Hungary, Slovakia vetoes Read More »
(Reuters) -Polestar said on Monday it had secured a $200 million equity investment from major shareholder PSD Investment, a company controlled by Geely Holding founder Li Shufu. The Swedish electric vehicle maker will sell more than 190 million Class A American depositary shares (ADS) to PSD Investment – which will now hold 44% of Polestar. After …
Polestar secures $200 million investment from Geely’s Li Shufu Read More »
