NEW DELHI (Reuters) -Saudi Arabia is set to place orders for billions of dollars of Airbus jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbours, industry sources said. Leasing company AviLease, which placed an order for 30 Boeing 737 MAX jets during a visit to the region …
Saudi firms to place orders for dozens of Airbus jets, sources say Read More »
ROME (Reuters) -Italy’s Treasury said on Friday it sent a letter to UniCredit confirming the “full legitimacy” and feasibility of the terms it has imposed on the bank’s bid for Banco BPM under its so-called golden powers. In the letter, it said that UniCredit has the possibility of offering proof of why it would not …
Italy stands by terms imposed on UniCredit-Banco BPM deal Read More »
BUDAPEST (Reuters) – Some of Hungary’s largest banks have asked the Constitutional Court to repeal Prime Minister Viktor Orban’s interest rate freeze on retail mortgages, which has been extended several times and lenders see as an undue intervention into contracts. Orban’s government launched the relief measure on floating-rate mortgages in 2021, capping the interest rate …
Hungary’s banks want Constitutional Court to repeal Orban’s mortgage rate freeze Read More »
ROME (Reuters) -The Bank of Italy on Friday urged domestic lenders, which are facing an unprecedented wave of hostile takeover bids, not to lose sight of the main goal of merger deals: improving the offer of credit and savings products for customers. Presenting the Bank of Italy’s annual report in Rome, Governor Fabio Panetta said …
Main goal in Italy bank M&A should be better credit, savings products, central bank says Read More »
BERLIN/FRANKFURT (Reuters) -Volkswagen wants to make more big investments in the United States, CEO Oliver Blume said in an interview with a German newspaper on Friday, adding that tariff talks with the U.S. government were “fair” and “constructive”. Several foreign companies have announced U.S. investments in response to President Donald Trump’s import tariffs, but German …
Volkswagen flags ‘massive’ US investments and says tariff talks constructive Read More »
BERLIN (Reuters) -Germany’s new digital ministry said any levy on online platforms would have to be internationally coordinated and not result in higher prices for end consumers, in a sign on Friday of possible divisions within government over plans for such a tax. The Minister of State for Culture Wolfram Weimer had said in an …
German digital ministry treads cautiously over online platform levy Read More »
MILAN (Reuters) -Nextalia, the private equity firm founded by former Mediobanca and Barclays investment banker Francesco Canzonieri, said on Friday that Italy’s Moratti and Gavio families had become shareholders. Nextalia said the investment vehicles of the two families would buy into a capital increase with two representatives, Angelomario Moratti and Francesco Vercesi, respectively joining its …
Italy’s Moratti, Gavio families invest in Canzonieri’s Nextalia private equity firm Read More »
(Reuters) -One of Microsoft Corp’s subsidiaries in Russia plans to file for bankruptcy, according to a note published on the official Fedresurs registry on Friday. Microsoft did not immediately respond to an emailed request for comment. President Vladimir Putin said this week that foreign service providers like Microsoft and Zoom should be “throttled” in Russia …
Microsoft unit in Russia to file for bankruptcy, database shows Read More »
MONTREAL/PARIS (Reuters) -A family of raccoons recently broke into an Airbus factory in Canada, adding an unusual headache to the planemaker’s more familiar troubles with parts shortages and supply chain snags. Five of the baby mammals were found inside the plant near Montreal, which produces A220 airliners, sources told Reuters, after their mother was spotted …
Rampaging raccoons add to Airbus factory headaches Read More »
MOSCOW (Reuters) -Saudi Arabia’s agricultural and livestock investment firm SALIC is studying investment opportunities in Russia but sees more value in helping to market Russian wheat globally, the company’s CEO Sulaiman Al-Rumaih said on Friday. “We are in serious discussions about certain prospects. For us it is the question of time,” Al-Rumaih told a grain …
Saudi SALIC eyes investment opportunities in Russia Read More »
