By John Irish PARIS/CHISINAU (Reuters) – More than 40 European leaders meet in Moldova on Thursday in a show of support for the former Soviet republic and neighbouring Ukraine as Kyiv prepares to launch a counter-offensive against occupying Russian forces. The gathering of the EU’s 27 member states and 20 other European countries at a…
By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as insurers take fright at U.S. political pressure. Some Republican politicians have mounted a campaign against financial institutions collaborating to…
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves total investment of 2 billion euros ($2.20 billion) – with…
By Valentina Za MILAN (Reuters) – UniCredit has been trimming the proportion of Amundi funds in its total assets under management as a decade-long deal between the companies enters its final years, a person close to the matter said, the latest sign it may not be renewed. Under an agreement struck in 2017, when UniCredit…
VIENNA (Reuters) – An International Monetary Fund mission has completed its first review of a $15.6 billion loan programme for Ukraine and the country has met the required conditions, paving the way for a payout of around $900 million, the IMF said on Tuesday. IMF staff have also raised their forecast for Ukraine’s economic growth…
HAMBURG (Reuters) – A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more “balanced” market position in Asia and reduce its reliance on China, Daimler Truck’s CEO said on Tuesday. During a conference call, Martin Daum initially said the tie-up would have…
WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country’s $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board. The IMF said in a statement…
ISTANBUL (Reuters) – A Turkish court acquitted three people over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the defendants said on Tuesday. A jet company executive and two pilots, who were detained for several months, were convicted to four years and two months in…
LONDON (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral cuts. The…
MOSCOW (Reuters) – Russia’s central bank issued a hawkish signal on Tuesday, just over a week before it is next due to set interest rates, warning that pro-inflationary risks of growing consumer demand and a weakening rouble could require tighter monetary policy. The bank is determined to bring annual inflation back to its 4% target…
