(Repeats without changes) MILAN (Reuters) – Italy’s fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said in a statement on Tuesday. Details of synergies from the deal will be provided only after the closing, expected by the end of June,…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising inflation, interest rates and alarming levels of debt distress could trigger a global chain reaction not seen in generations. The World Bank underscored its longstanding concerns about lack of…
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission (FCC) and National Telecommunications and Information Administration (NTIA) on Tuesday vowed to improve coordination on spectrum management after a 5G aviation dispute threatened flights. The agencies said they will work cooperatively to resolve spectrum policy issues and will hold formal, regular meetings to conduct joint…
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Stocks in Europe and on Wall Street rebounded on Tuesday while oil prices fell after Russia indicated it was withdrawing some troops from exercises near Ukraine and President Vladimir Putin said he saw room for further discussion with the West. Gold and bond prices also slid…
By Alun John (Reuters) – Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower? The answer to the first, for now at least, is no; while fortress gold has risen 2.3% over the past week, as Western…
WASHINGTON (Reuters) – General Motors Co said Tuesday it is extending a production halt to its Chevrolet Bolt electric vehicle until early April but plans to soon resume retail sales. The largest U.S. automaker in August widened its recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of…
MILAN (Reuters) -Italy’s Autogrill expects to post a smaller loss and higher cash flow than previously forecast for 2021, it said on Tuesday, sending shares up more than 7%. The group, which runs restaurants and bars on motorways and in airports around the world, now sees an underlying net loss of 110 million euros ($124.9…
By Olga Yagova and Dmitry Zhdannikov MOSCOW/LONDON (Reuters) -Glencore has sold out of Russneft, capping two decades of investments which saw the Swiss commodities firm trading millions of barrels of the Russian group’s oil even as it witnessed some of Russia’s top corporate and political battles. The sale, which has been years in the works…
By Andrey Ostroukh and Alexander Marrow MOSCOW (Reuters) – The rouble rose more than 2% versus the dollar on Tuesday as Russia said some troops near Ukraine were returning to their bases after military exercises, easing concerns over a potential invasion that had fuelled a Russian asset sell-off last week. Following days of U.S. and…
By Devik Jain and Susan Mathew (Reuters) – Wall Street futures surged on Tuesday on signs of a de-escalation in tensions between the Russia and Ukraine, with investors also awaiting key inflation data for clues on the path of interest rate hikes by the Federal Reserve. Russia said some of its military units were returning…
