By Giuseppe Fonte ROME (Reuters) – Italy has slashed its growth estimate for this year as the war in Ukraine weighs on the economy, while confirming a previous 2022 budget deficit target of 5.6% of national output, according to a draft government document seen by Reuters. The Treasury’s annual Economic and Financial Document (DEF)forecasts gross…
(Reuters) -Russian stock indexes rose on Wednesday, shrugging off threats of new Western sanctions in response to what Moscow calls “a special military operation” in Ukraine, while the rouble firmed to stand below 90 to the euro. Equities largely lost ground at the market open on reports that the United States and its allies had…
By Uday Sampath Kumar and Mehr Bedi (Reuters) – Wedding guests should prepare for a few surprises at this year’s post-pandemic U.S. nuptials as people discard their sweatpants for sheer layering and body-hugging dresses. Retailers are racing to tailor ensembles that capture that mood, with evening gowns and cocktail dresses taking pride of place at…
By Chen Aizhu and Florence Tan SINGAPORE (Reuters) – China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over its invasion of Ukraine, six people told Reuters. State-run Sinopec, Asia’s largest refiner, CNOOC, PetroChina and Sinochem have…
PARIS (Reuters) – McKinsey’s French arm will pay all taxes that it should pay, the spokesman for the French government Gabriel Attal said on Wednesday, after France’s national financial prosecution office launched a tax fraud probe linked to consulting firms. The use of private consultants by the government of President Emmanuel Macron, who has lost…
(Corrects to show size of inaugural fund $2.4 billion (not $2.7 billion), paragraph 3) By Chibuike Oguh (Reuters) -Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms. The new fund, Carlyle Credit Opportunities Fund II,…
By Paresh Dave OAKLAND, Calif. (Reuters) – Microsoft Corp’s LinkedIn boosted subscription revenue by 8% after arming its sales team with artificial intelligence software that not only predicts clients at risk of canceling, but also explains how it arrived at its conclusion. The system, introduced last July and to be described in a LinkedIn blog…
MADRID (Reuters) -Luis Gallego, the chief executive of British Airways’ parent IAG, said on Wednesday a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least 18 months. “We have to decide on a calendar to take 100%, but I think it would take minimum 18 months,” Gallego said during…
By Brenna Hughes Neghaiwi ZURICH (Reuters) – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough. In all 77.74% of shareholder votes backed Switzerland’s biggest bank’s climate proposal — presented to investors as their first “Say-on-Climate” —…
(Reuters) – Russian stock indexes returned to gains after a short-lived slide in early trade on Wednesday, shrugging off threats of new western sanctions in response to what Moscow calls “a special military operation” in Ukraine, while the rouble stabilised. Equities largely lost ground at the opening on reports that the United States and its…
