By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the dollar index inched up on Tuesday as investors weighed the U.S. interest rate outlook ahead of Federal Reserve Chair Jerome Powell’s congressional testimony. U.S. Treasury yields eased. Adding to uncertainty over the rate outook, a report showed groundbreaking on U.S. single-family homebuilding…
MILAN (Reuters) – Italy’s Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari, Exor, Mediaset and Campari, to establish in the…
ROME (Reuters) – Italy’s participation in China’s Belt and Road Initiative (BRI) has produced few benefits, Rome’s Foreign Minister Antonio Tajani said on Tuesday, as his country faces a decision on whether to pull out of the deal. Italy in 2019 became the first and so far only G7 nation to have joined the hugely…
By Ludwig Burger FRANKFURT (Reuters) -Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to be indemnified by Sanofi in cancer lawsuits linked to heartburn drug Zantac in the United States. Shares in France’s Sanofi, which added that the decision cannot be appealed, gained 2.4% shortly after…
(Reuters) – Ball Corp, the world’s largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion. The business has attracted the interest of large defense companies such as BAE Systems and…
(Reuters) -UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market Supervisory Authority and UK’s Prudential Regulation Authority to publish their findings…
(Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data showed U.S. housing starts surged and as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony later this week for clues to the outlook for…
By Scott DiSavino NEW YORK (Reuters) -Oil futures eased in choppy trading on Tuesday on forecasts for slower oil demand growth in China, the world’s second-biggest oil consumer, and disappointment with the size of cuts in China’s key lending rates. Adding to the bearish market sentiment, traders noted crude supplies from Iran and Russia have…
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth for 2023. “I confirm the growth forecast for 2023,” Le Maire told France 2 television. “I am lucid about the economic environment with several of our neighbours in recession…so we…
BRUSSELS (Reuters) – EU leaders are set to call on China next week to help bring an end to the war in Ukraine, engage in global challenges, such as climate change, and rebalance its economic relations with the European Union, a senior EU official said on Tuesday. EU leaders meet for a summit in Brussels…
