By Sabrina Valle NEW YORK (Reuters) -Bankers and CEOs hit the brakes on mergers and acquisitions after U.S. President Donald Trump launched a global trade war on April 2, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis. The number of M&A contracts announced …
M&A deal signing hits 20 year-low after Trump’s ‘Liberation Day’ Read More »
By Kate Abnett and Lili Bayer BRUSSELS (Reuters) -The European Commission will next month propose legal measures to phase out the EU’s imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. The European Union vowed to end its decades-old energy relations with former top gas supplier …
EU to propose end-2027 halt to all Russian gas imports Read More »
MOSCOW (Reuters) – Russia expects its revenues from car scrappage fees to fall well short of budgeted levels this year, Finance Minister Anton Siluanov told reporters on Tuesday, which could lead some projects being abandoned. With Chinese automakers now dominating Russia’s car market, Moscow had planned to effectively raise taxes on imported cars this year …
Russia expecting scrappage fee shortfall as car market struggles Read More »
(Reuters) -Italy’s Banca Popolare di Sondrio on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business. The group, which is the target of a 4.3 billion euro ($4.88 billion) all-share takeover bid by Italy’s fourth-largest bank BPER, reported quarterly net profit of 173.3 million euros. …
Italian bank Popolare Sondrio records 19% rise in first-quarter net profit Read More »
By Giulio Piovaccari MILAN (Reuters) -Ferrari first fully electric model will hit the streets in October 2026, its CEO said on Tuesday as the luxury sports car maker posted a 15% rise in first-quarter core earnings and stuck to its broad financial guidance for the year. Chief Executive Benedetto Vigna said in February the much …
Ferrari to start deliveries of new EV in October 2026 Read More »
MOSCOW (Reuters) – Russia’s budget planning does not assume that state-owned energy giant Gazprom will pay out a dividend this year, Finance Minister Anton Siluanov told reporters on Wednesday. Gazprom’s directors usually convene in the second half of May to recommend a dividend ahead of a shareholder meeting in June. The absence of a dividend, …
Russia’s 2025 budget does not assume receipt of any Gazprom dividend, minister says Read More »
PARIS -French insurer AXA beat market expectations with a 7% increase in first-quarter sales on Tuesday, fuelled by growth in its property damage and life and health insurance divisions. Gross written premiums and other revenues over the three months ending in March climbed to 37 billion euros ($41.94 billion), above the 36.3 billion-euro median average …
French insurer AXA reports 7% rise in first-quarter sales Read More »
By Alban Kacher (Reuters) -European exchange operator Euronext on Tuesday announced a series of measures to encourage investment into the region’s defence industry, including by helping companies list on stock markets and launch new bonds faster. The move follows a political push to increase investment in the industry and reduce reliance on U.S. armaments after …
Euronext rebrands ESG in drive to help European defence firms Read More »
(Reuters) -Buyout specialist CVC Capital Partners is in the early stages of exploring a 6 billion pound ($8.03 billion) takeover of Swiss duty-free retailer Avolta, Sky News reported on Tuesday. Avolta shares rose by 10% after the report. CVC Capital Partners and Avolta declined to comment to Reuters requests. The travel retailer, which runs shops …
Buyout firm CVC weighs $8 billion takeover of Swiss retailer Avolta, Sky News reports Read More »
By Luiza Ilie, Libby George and Gergely Szakacs BUCHAREST/LONDON (Reuters) -Romania’s central bank said on Tuesday it was looking for the “optimal way” to counter significant capital outflows amid steep falls in the leu currency after a hard-right opposition leader won the first round of a repeat presidential election. The bank, which holds its next …
Romania looks to counter capital outflows after far-right election gains Read More »
