MILAN (Reuters) – An agreement between the Rome government and Stellantis for the carmaker’s planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted as saying on Sunday. “We are very close to signing the agreement for the gigafactory in Termoli where Stellantis will make batteries. It’s a…
By Nidhi Verma NEW DELHI (Reuters) – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of defrauding banks of 228.42 billion Indian rupees ($3.03 billion). The report, posted on the Central Bureau of Investigation’s website, said a forensic audit report it received from the banks…
WASHINGTON (Reuters) – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 million, the first to agree to settle, the law firm Cohen Milstein Sellers & Toll PLLC said in a release. “This first settlement agreement…
By Francesca Landini PARMA, Italy (Reuters) -The European Central Bank (ECB) will keep a flexible approach as it unwinds its ultra-expansionary monetary policy, monitoring not only inflation threats but also risks of uneven financing conditions across euro zone countries, a top policymaker said. ECB Governing Council member Ignazio Visco told a conference that the impact…
(Corrects headline and throughout to clarify that the closure is intended to be temporary and that the “Valuables” marketplace, which allows sales of tweets as NFTs, is still active) By Elizabeth Howcroft LONDON (Reuters) -The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were…
By Nidhi Verma NEW DELHI (Reuters) – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation. Owned by billionaire Mukesh Ambani, Reliance has in the past year unveiled plans to reduce its dependence…
(Reuters) -Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. Data on Thursday showed U.S. consumer prices rose at their fastest pace since the early 1980s, fuelling market speculation for…
NEW YORK (Reuters) – The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large U.S. banks also dropped their mask requirements at their U.S. offices. The NYSE, which is owned by Intercontinental Exchange Inc, is now making masks optional on the…
(Reuters) -Network gear maker Cisco Systems Inc has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The offer was made recently and the companies are not in active talks, the newspaper said https://www.wsj.com/articles/cisco-made-20-billion-plus-takeover-offer-for-splunk-11644622277?page=1, citing some of…
(Reuters) – Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a filing on Friday. No criminal charge has been filed against the company or its affiliates, the company added. Raytheon had received a…
