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ROME (Reuters) – UniCredit is considering all available strategic options, consistently with its 2022-2024 plan, a spokesperson said, after an Italian newspaper reported that the lender could make a possible bid on smaller rival Banco BPM. Italy’s second-largest bank has not called an extraordinary board meeting and will inform the market of any concrete development, …

UniCredit considers all strategic options consistent with its business plan – spox Read More »

STOCKHOLM (Reuters) – Software giant Oracle’s title sponsorship agreement with the Red Bull Formula One team is worth about $300 million over five years, according to sources familiar with the deal. The new deal was signed on Wednesday between Oracle and Formula One champion Max Verstappen’s team and will see it renamed Oracle Red Bull …

Oracle’s Red Bull F1 title sponsorship deal worth $300 million – sources Read More »

By Mike Dolan LONDON (Reuters) – Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another dire decade. With everyone braced for the U.S. Federal Reserve’s first post-pandemic interest rate rise next month, clouds appear to be gathering over emerging …

Column-After dire decade, Emerging Markets face Fed liftoff again: Mike Dolan Read More »

By Byron Kaye and Scott Murdoch SYDNEY (Reuters) -Australia on Friday withdrew a cartel lawsuit against Citigroup Inc, Deutsche Bank AG and four former executives over a $1.8 billion share issue, a stunning retreat from what would have been the country’s biggest white-collar criminal trial. After nearly four years of pre-trial hearings in packed courtrooms, …

Australia drops landmark criminal cartel case against Citi, Deutsche Read More »

(Reuters) – Amazon.com Inc on Thursday informed staff at its U.S. warehouses and logistics sites that they must report being fully vaccinated by March 18 if they wish to receive paid leave due to COVID-19. The company also said fully vaccinated operations staff could work without a face covering starting on Friday as local regulations …

Amazon to allow work without face masks, require vaccination for paid COVID leave Read More »

(Reuters) – Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, Bloomberg News reported on Thursday. The addition would bring the family’s total contribution to $5.325 billion to get a handful of U.S. …

Purdue’s Sacklers consider adding another $1 billion to opioid settlement – Bloomberg News Read More »

By Wayne Cole SYDNEY (Reuters) -Australia’s top central banker on Friday said it was plausible interest rates could rise later this year, but there were risks in moving too early and the bank wanted to see a couple more quarterly inflation reports before deciding. Speaking before a parliamentary economics committee, Reserve Bank of Australia (RBA) …

Australia’s central bank could hike later this year, sees risks in going too early Read More »

By Ann Saphir and Lindsay Dunsmuir (Reuters) – Pressure increased on the Federal Reserve on Thursday to take a stronger stand against inflation after an unexpectedly large jump in U.S. consumer prices defied hopes that the pocketbook squeeze would ease and bolstered the view that the U.S. central bank is behind the curve. In the …

Analysis-Hot inflation fuels case for ‘big-bang’ Fed rate hike in March Read More »

By Daniel Wiessner and Hyunjoo Jin (Reuters) -A California state agency has sued Tesla Inc over allegations by some Black workers that the company tolerated racial discrimination at an assembly plant, adding to claims made in several other lawsuits against the electric car maker. The lawsuit filed in state court late on Wednesday by the …

California sues Tesla over Black workers’ allegations of discrimination Read More »