BELGRADE, Serbia (AP) — As the war in Ukraine rages, Serbia’s president announced that he has secured an “extremely favorable” natural gas deal with Russia during a telephone conversation Sunday with Russian President Vladimir Putin. Serbian President Aleksandar Vucic has refused to explicitly condemn Russia’s invasion of Ukraine, and his country has not joined Western…
MILAN (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to reach preliminary agreement on Sunday to merge the phone group’s fixed network assets with those of state-backed rival broadband firm Open Fiber, three sources close to the matter said. The move will pave the way for a single broadband network, as TIM…
By Nichola Saminather TORONTO (Reuters) -Canadian banks wrapped up second-quarter earnings season last week, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside for future loan losses, raising questions among investors and analysts about whether they are too sanguine about looming risks. Rising prices and the central…
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter. Since its 2016 launch, the ‘GACS’ scheme has helped…
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter. Since its 2016 launch, the ‘GACS’ scheme has helped…
SYDNEY (Reuters) – AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported. AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the…
