FRANKFURT (Reuters) – Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than join the management board following discussions with the European Central Bank, a Commerzbank spokesperson said on Tuesday. Rass was to join the board of Commerzbank, one of the nation’s biggest banks, as chief risk officer….
ROME (Reuters) – Giorgio Bruno, who was the designated new CEO of Italian tyremaker Pirelli, is leaving the company, shareholder Camfin said on Tuesday, confirming earlier press reports. Camfin, the holding company of Pirelli’s longtime CEO Marco Tronchetti Provera, said it would instead propose the appointment of Andrea Casaluci as chief executive. Camfin also said…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis held talks on Tuesday with Cuban President Miguel Díaz-Canel, who is making a rare trip to the West, as police kept a small demonstration demanding respect for human rights on the communist-run island away from the Vatican. A Vatican statement did not give any details on…
LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country’s reconstruction after Russia’s invasion. Kyiv and London will host the Ukraine recovery conference in London on Wednesday and Thursday, when…
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the heart of communities, a bold vision in an industry struggling to balance technology with a brick-and-mortar presence. For years, banks in Europe, including Deutsche, have been slashing branch networks to…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia’s invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers…
KYIV (Reuters) – Philip Morris International Inc will launch a new $30 million production facility in the Lviv region in western Ukraine in the first quarter of next year, the company said on Tuesday. It said the facility would create 250 jobs. “This investment reflects our commitment as Ukraine’s long-term economic partner,” Maksym Barabash, Chief…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St looks set to return from the ‘Juneteenth’ holiday in a slightly more cautious mood as hawkish European policymakers contrast with another interest rate cut in China and as U.S. housing dominates the data slate. Both the S&P500 and Nasdaq…
By Sinchita Mitra (Reuters) – Continued hiring caution and declining demand in the U.S. and life sciences sector dented SThree’s half-year net fees from permanent hires, although strong demand for contract workers sustained the British recruiter’s overall growth. Still-high inflation has pushed companies to cut jobs, freeze hiring, and to favour temporary over permanent roles…
By Arathy Somasekhar HOUSTON (Reuters) – U.S. sweet and sour oil differentials narrowed significantly this month, pricing data showed, as demand for higher sulfur crudes climbed from refineries and exporters while supplies tightened. The spread between Light Louisiana Sweet and Mars sour crude, both priced in Louisiana, narrowed to $1.70 a barrel last week from…
