PARIS (Reuters) – France’s financial prosecution office is investigating arms maker Thales, a source close to the matter told Reuters, after a radio station earlier reported on a probe into a fighter jet maintenance deal in India. Thales in a statement denied allegations of corruption in relation to the deal, saying it had “zero tolerance”…
By Alvise Armellini and Elizabeth Pineau ROME (Reuters) – France must apologise to end a dispute over over what Rome considers insulting remarks, including some over its handling of immigration, Italy’s foreign minister said on Friday, while also signalling the spat might be short-lived. The minister, Antonio Tajani, called off a visit to Paris at…
(Reuters) – Global equity funds suffered massive outflows in the week to May 3, hit by weak economic data and worries over a recession as investors were fretted about the likelihood of interest rates staying higher for an extended period. According to Refinitiv Lipper data, global equity funds recorded a net $16.9 billion worth of…
ANKARA (Reuters) – A Ukrainian delegate punched a Russian delegate in the face during a gathering of Black Sea nations in the Turkish capital on Thursday, after his Ukrainian flag was snatched away to stop him photobombing a video interview with Russia’s lead delegate. Olesandr Marikovski posted a video of himself thumping the Russian and…
By Mike Dolan LONDON (Reuters) -Not for the first time, the European Central Bank is determined to display policymaking independence from its Transatlantic cousin – but the two central banks are likely more in sync than it seems. Two potentially pivotal policy decisions within 24 hours this week from the ECB and U.S. Federal Reserve…
By Julie Zhu and Scott Murdoch HONG KONG/SYDNEY (Reuters) – China’s largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public offerings in the city, two sources said….
(Reuters) – Coty Inc said on Friday it would explore a listing on the Paris Stock Exchange as the CoverGirl cosmetics maker looks to strengthen its presence in Europe and tap into new investors in the market. Founded in Paris in 1904, Coty counts Europe as a substantial market, with net revenues from the EMEA…
LONDON (Reuters) – A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts reckon a crisis will be averted, just an increased probability of default would send shock waves across markets, said Janus…
By Jonathan Saul LONDON (Reuters) – The pace of shipments from Ukraine under a U.N.-backed initiative has slowed as concerns grow over ships getting stuck if a deal is not renewed later this month, according to sources and data. Russia, which is one of the key parties involved, said it will keep talking although Moscow…
By Krishn Kaushik GOA, India (Reuters) – The foreign ministers of India, Russia and Pakistan on Friday called for a representative government in Afghanistan and the protection of women’s rights, almost two years after the Islamist Taliban swept to power in Kabul. They were speaking at the day-long meeting of foreign ministers of the Shanghai…
