PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually pick up in the coming two years, the central bank forecast on Wednesday. In its quarterly outlook, the Bank of France said the euro zone’s second-biggest economy would grow 0.1%…
By Valerie Insinna PARIS (Reuters) – Lockheed Martin has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet’s biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and…
By Gabriel Araujo PARIS (Reuters) -Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. The new firm orders come amid an influx of deals at the world’s largest air show, which is…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest rate cut by Beijing did little to lift investor sentiment among Europe’s China-exposed shares. Germany’s DAX index closed 0.6% lower, retreating further from a record…
By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon may have ordered a 2019 review of the bank’s relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. territory, where Epstein owned two neighboring islands, made the claim in a letter made public on…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) – India dominated the Paris Airshow for a second day on Tuesday, as Air India finalised a huge order for 470 planes from Airbus and Boeing. The agreement, when sketched out in February, was the largest ever plane deal by number of aircraft. But it was surpassed…
MILAN (Reuters) – UniCredit can keep rewarding investors at the current pace for at least another two years, its chief executive said on Tuesday as the bank prepared to launch its second share buyback this year. After walking away from a rescue deal for state-owned rival Monte dei Paschi, CEO Andrea Orcel has bet on…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firm Institutional Investor Services urged Alkermes shareholders to elect one of three director candidates proposed by activist hedge fund Sarissa Capital, arguing more outside pressure on management is needed right now. ISS said Sarah Schlesinger, a physician with experience serving on public company boards, should be…
KYIV (Reuters) – The son of one of the United States’ richest men criticised the international disaster response to the destruction of the Kakhovka dam in southern Ukraine this month as “disappointing” and inadequate, as he visited the nearby city of Kherson. Howard Buffett, a businessman and philanthropist, spoke to Reuters in an interview by…
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s Euronext Milan exchange. Share trading, due to start on June 27 pending regulatory approval, is part of a dual listing, as Ferretti shares have been part of the Hong Kong Stock Exchange since last year….
