(Reuters) – Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions, and at least one drone was shot down. FIGHTING * Russia said the United States was behind a purported drone attack on the Kremlin on Wednesday night aiming…
By Elvira Pollina and Juby Babu (Reuters) – Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a…
By Sinéad Carew NEW YORK (Reuters) – A global measure of stocks fell for the fourth consecutive day while the dollar gained some ground as the European Central Bank raised rates on Thursday and signalled the need for more tightening a day after the U.S. Federal Reserve also raised rates. U.S. Treasury yields were lower…
By Brendan Pierson (Reuters) -The Kroger Co has agreed to pay West Virginia $68 million to settle claims that it fueled the opioid epidemic through lax oversight of its pill sales, bringing the state’s years-long litigation over the opioid crisis to a close. The deal, announced Thursday by West Virginia Attorney General Patrick Morrisey, comes…
By Emma-Victoria Farr and Oliver Hirt FRANKFURT/ZURICH (Reuters) – UBS is reviewing options for Credit Suisse’s Swiss bank, including potentially keeping the unit’s investment banking operations while selling the rest, two people familiar with the matter told Reuters. UBS is studying plans to sell the Swiss banking business of Credit Suisse in an initial public…
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a day after the Federal Reserve hiked rates by 25 basis points and indicated that it may pause further increases. The ECB’s 25-basis-point increase was the smallest since it…
By Lisa Barrington DUBAI (Reuters) – The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen’s coast and avert an environmental disaster. U.N. officials have been warning for years that the Red Sea and…
(Reuters) – Air France-KLM said on Thursday it had entered exclusive talks with private equity firm Apollo Global Management for a 500 million euro capital injection into an affiliate owning Engineering and Maintenance assets. (Reporting by Mrinmay Dey in Bengaluru; Editing by Leslie Adler)
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday. Treasury Undersecretary for International Affairs Jay Shambaugh will attend meetings of the Organization for Economic Cooperation…
MADRID (Reuters) – International Airlines Group’s Spanish airline Iberia named Fernando Candela as its new acting president and chief executive officer, replacing Javier Sanchez-Prieto. Candela will take over from Sanchez-Prieto in July and lead the company until the end of the year, IAG said in a statement on Thursday. Candela, who has been CEO since…
