ROME (Reuters) – The Chief Executive of Banco BPM said on Friday the bank will appeal to an administrative court against a decision by bourse regulator Consob to suspend a takeover bid by Unicredit. Giuseppe Castagna told daily Il Sole 24 Ore that the current stalemate was preventing Banco BPM from taking part in the …
Banco BPM says it will appeal against suspension of UniCredit bid Read More »
(Reuters) -British oilfield services firm Wood Group said on Friday its chairman, Roy Franklin, will stand for re-election at its annual general meeting, but plans to step down once the company’s future direction becomes clear. Wood Group, which is Dubai-based Sidara’s takeover target, had launched an independent review in November into its accounting for certain …
UK’s Wood Group chair plans exit pending strategic clarity Read More »
ROME (Reuters) – Italian bank UniCredit has appealed to an administrative court against the “golden power” terms the Italian government has imposed regarding its bid for smaller peer Banco BPM, newspaper la Repubblica reported on Friday. The newspaper did not give its sources for the report, and also said the bank did not confirm the …
(Reuters) -President Donald Trump said on Friday that he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade. “The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, …
Trump recommends 50% tariff on the European Union, starting June 1 Read More »
PARIS (Reuters) – About a dozen activists from the Extinction Rebellion climate group briefly occupied the entrance lobby of French bank BNP Paribas’ headquarters in Paris on Friday morning in protest of what they said are BNP’s links with energy group TotalEnergies, which holds its annual shareholders meeting on Friday afternoon. Environmentalist protesters, some wearing …
Extinction Rebellion briefly occupies BNP Paribas entrance in TotalEnergies protest Read More »
(Reuters) – Games Workshop forecast on Friday a 13% rise in sales and record licensing revenue for its fiscal year ending June 1, driven mainly by its flagship Warhammer 40,000: Space Marine 2 game for PCs and consoles. However, it said it did not expect to match the record licensing revenue next year, sending its …
Warhammer 40K maker Games Workshop forecasts record licensing annual revenue Read More »
By Maria Martinez BERLIN (Reuters) -The German economy grew significantly more in the first quarter than previously estimated due to export and industry frontloading ahead of U.S. tariffs, according to a second estimate published on Friday. The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office …
German Q1 GDP upgraded as orders rush to beat tariffs Read More »
By Timour Azhari and Marwa Rashad LONDON (Reuters) – Russia is in advanced talks with Bahrain over a three-year liquefied natural gas (LNG) agreement under which Moscow would supply the Gulf kingdom with 1.5 million metric tons of the fuel, according to three sources close to the matter. The prospective deal would be the first …
Russia and Bahrain in advanced talks over LNG supply deal, sources say Read More »
FRANKFURT (Reuters) -The European Central Bank is confident that stubbornly high services inflation will moderate this year, helping it get overall price growth back to the 2% target, ECB chief economist Philip Lane said on Friday. “We’re seeing wage contracts having actually quite low settlements for this year, even lower for next year,” Lane told …
ECB confident that services inflation will moderate, Lane says Read More »
ATHENS (Reuters) -The European Central Bank is expected to cut euro zone interest rates one more time in June and then pause, policymaker Yannis Stournaras said in comments published on a Greek news outlet’s website on Friday. The European Central Bank cut interest rates for the seventh time in a year last month and warned …
