By Marc Jones LONDON (Reuters) – Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than their U.S. counterparts, analysts at JPMor[...]
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March 28, 2023
Russia forces foreign firms to pay into budget as they leave
MOSCOW (Reuters) – Foreign investors from “unfriendly” countries selling assets in Russia will be obliged to donate at least 10% of the sale price to the Russian budget, making life[...]
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Hedge fund Standard General sues FCC over delay in Tegna deal
(Reuters) -Standard General said on Tuesday it had filed a lawsuit against the U.S. Federal Communications Commission (FCC) over its decision to hold hearings on the hedge fund’s $5.4 billion pl[...]
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FACTBOX-How Alibaba’s six new business units stack up
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group announced on Tuesday it will split into six business units, each with its own CEO and board of directors, and adopt a holding company[...]
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McCormick beats quarterly estimates on higher prices, reiterates outlook
(Reuters) – McCormick & Co Inc beat first-quarter sales and profit expectations on Tuesday as the Cholula sauce maker benefited from multiple prices increases. Shares of the company, which r[...]
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German regulator launches antitrust review of Microsoft
BERLIN (Reuters) -Germany’s antitrust regulator is reviewing Microsoft’s market power in a move that could lead to an investigation of the U.S. tech giant’s business practices and po[...]
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French corporate finance chiefs vet bank risks and exposure -lobby
PARIS (Reuters) – Corporate finance directors are scrutinising who they bank with in the wake of recent market tensions but there is no rush for the exit for now, France’s corporate treasu[...]
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Only verified accounts can vote in Twitter polls from April 15, says Musk
(Reuters) – Elon Musk said on Monday only verified Twitter accounts would be eligible to vote in polls starting April 15, a move that the social media company’s CEO believes will address a[...]
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EU approves law to end sales of new CO2-emitting cars by 2035
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of new CO2-emitting cars in the EU in 2035, after Germany won an exempt[...]
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