MOSCOW (Reuters) -The Russian-led Eurasian Economic Union (EEU) free trade deal with Iran went into effect on Thursday, paving the way for increased trade across sectors ranging from agriculture to metals, a senior Russian official was quoted as saying. The EEU also includes Kazakhstan, Belarus, Armenia, and Kyrgyzstan, but Russia is by far the largest …
Russian-backed union free trade deal with Iran goes into effect Read More »
MOSCOW (Reuters) -Russia’s oil and gas revenue is seen falling by a third in May from a year earlier to 0.52 trillion roubles ($6.48 billion), the lowest level since July 2023 amid weaker oil prices and a stronger rouble, Reuters calculations show. Oil and gas revenue has been the most important source of cash for …
Russia’s oil and gas revenue set to fall by a third in May, Reuters calculations show Read More »
LONDON (Reuters) -British retailer Marks & Spencer said on Thursday food volumes flowing from its distribution centres to its stores were back to normal levels after product availability was hit by last month’s cyberattack. “In chilled areas of our stores, customers can buy what they need, while in our grocery departments stock is now arriving …
Cyberattack-hit M&S says food availability improving every day Read More »
By Tom Sims, Matthias Inverardi and Tilman Blasshofer WIESBADEN (Reuters) -Commerzbank’s chief executive and hundreds of employees voiced support for the German lender’s standalone strategy as its shareholders met on Thursday, stepping up efforts to fend off advances of Italy’s UniCredit. About 200 Commerzbank employees gathered outside the venue of the annual shareholder meeting, carrying …
Commerzbank CEO and workers rally to fend off UniCredit as investors meet Read More »
(Reuters) -Adidas shareholders approved the reelection of Chairman Thomas Rabe on Thursday despite a revolt, with some investors saying Rabe had too many outside commitments and the company had not done enough to find a successor. Shareholders at the group’s annual general meeting supported his election for another year with 64.43% of votes, securing Rabe’s …
Adidas chair reelected to 2026 despite shareholder revolt Read More »
(Reuters) – Ukraine-focused miner Ferrexpo said on Thursday the Commercial Court of Poltava has accepted an application to consider opening bankruptcy proceedings of its Ukrainian unit, Ferrexpo Poltava Mining (FPM). Ferrexpo shares fell 6.6% to 65 pence after the announcement. While the application has been accepted, no formal bankruptcy proceedings of the unit have commenced …
Ferrexpo unit faces bankruptcy proceedings in Ukraine Read More »
PARIS (Reuters) -Steelmaker ArcelorMittal said on Thursday it would invest 1.2 billion euros ($1.3 billion) at its site in Dunkirk, northern France. The company has been under political pressure in France over its planned job cuts in the country. ($1 = 0.8922 euros) (Reporting by Sudip Kar-Gupta; Editing by Jan Harvey)
FRANKFURT (Reuters) -The European Central Bank hopes to have all the political decisions in place by early next year to issue a digital euro and would then need two to three years to launch the currency, ECB board member Piero Cipollone said on Thursday. The ECB has been working on a digital version of the …
ECB hopes to have political deal on digital euro by early 2026 Read More »
LONDON (Reuters) -Britain plans to allow foreign state-owned investors to own up to 15% of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the Telegraph newspaper. The government will also expand its powers to scrutinise media mergers to include news websites and …
UK to allow foreign states to own a 15% stake in newspapers Read More »
(Reuters) -Italy’s Newlat Food is considering an initial public offering to list a “substantial part” of the company on the London Stock Exchange, it said in a statement on Thursday. The group is set to change its name to NewPrinces after buying British peer Princes, known for its tinned fish and Napolina sauces, in May …
Italy’s Newlat Food looks at London listing of ‘substantial’ part of company Read More »
