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By Giselda Vagnoni and Valentina Za MILAN (Reuters) – Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said. UniCredit held talks with local bidders, but escalating Western sanctions have hampered …

Exclusive-UniCredit widens search for buyers to sell out of Russia – sources Read More »

(Reuters) – The Russian rouble weakened towards 62 against the dollar on Monday, steered by internal market flows and capital controls, while stock indexes extended losses after the latest Western sanctions. At 0731 GMT, the rouble was 0.9% weaker against the dollar at 61.46, stabilising in the relatively narrow range of 60.0-62.5 in the past …

Russian rouble eases towards 62 vs dollar, stocks extend fall Read More »

(Reuters) -British drugmaker GSK said on Monday its vaccine, Priorix, was approved by the U.S. Food and Drug Administration (FDA) for the prevention of measles, mumps and rubella (MMR) in those aged one year and above. The vaccine can be given as two doses, and may also be administered as a second shot to individuals …

GSK measles vaccine gets U.S. FDA approval Read More »

A look at the day ahead in markets from Julien Ponthus. With the Nasdaq losing about a quarter of its value since the beginning of the year, no doubt some investors will share Elon Musk’s “super bad feeling” about the economy. But the Tesla CEO’s sentiment, shared with his executives in an email, might be …

Marketmind: “Super bad feeling” Read More »

BEIJING (Reuters) -China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank. ANEXT received approval from the Monetary Authority of Singapore (MAS) to commence business on June 2, Ant and wholly owned ANEXT said in a …

China’s Ant Group launches digital bank ANEXT in Singapore Read More »

(Reuters) – Low-cost carrier EasyJet cancelled 80 flights on Sunday due to the ongoing challenging operating environment. The European airline, in its statement on Sunday, said it was working to help customers rebook flights and find hotels. Flight-tracking website FlightAware https://flightaware.com/live/cancelled showed EasyJet canceled 98, or 5%, of its flights. It also showed that 822, …

Airline EasyJet cancels around 80 flights Read More »

TRENTO, Italy (Reuters) – Alliances and partnerships remain important for the development of companies controlled by the Benettons, the chairman of the family’s holding company Edizione said on Sunday, answering a question about the relationship with Spanish tycoon Florentino Perez. “We have to continue this vocation we have always had of respecting local partners with …

Benetton scion sees alliances and partnerships remaining important Read More »

PARIS (Reuters) – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s clear that with the war in Ukraine, inflation, all that will put into question the forecasts, but we will have positive growth in 2022,” Bruno Le Maire told Europe …

Despite war, inflation, France sees positive economic growth in 2022 -minister Read More »

PARIS (Reuters) – France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said on Sunday. “There are discussions with the United Arab Emirates. We have to find an alternative to Russian …

France in talks with UAE to replace Russian oil supplies -minister Read More »