By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. F[...]
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Europe
Swiss parliament names 14-member commission to probe Credit Suisse crash
ZURICH (Reuters) – Switzerland’s parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse’s collapse and its subsequent rescue engin[...]
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France’s indebted Casino set for battle of billionaires
By Mathieu Rosemain, Chiara Elisei and Laura Lenkiewicz PARIS (Reuters) -Jean-Charles Naouri is set to lose his 30-year grip on debt-laden Casino unless he can come up with cash to see off rival bids[...]
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Volkswagen subsidy to cost Canada C$2.4 billion more than forecast
By Ismail Shakil OTTAWA (Reuters) – Canada’s budgetary watchdog estimated on Wednesday that a deal offering Volkswagen production tax credits to build a battery gigafactory in the country[...]
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Soft U.S. landing to free investor cash toward EMs -IIF
NEW YORK (Reuters) – The U.S. economy should avoid a recession this year while inflation will fall closer to target, implying “a positive outlook for capital flows to emerging markets,[...]
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Volkswagen passenger cars targets 10 billion euros of efficiency gains
BERLIN (Reuters) -Volkswagen’s passenger car brand will implement savings and cost-cutting measures amounting to 10 billion euros ($10.83 billion) by 2026 to hit a return on sales target of 6.5%[...]
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Safran nears $1.8 billion deal to acquire Raytheon’s flight controls unit-source
By David Carnevali (Reuters) – French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp unit that makes flight controls for a[...]
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Vivendi-backed candidate faces rival for seat on Telecom Italia board, sources say
MILAN (Reuters) – Telecom Italia’s (TIM) leading investor Vivendi is facing a rival candidate in the race to fill a vacant seat on the former phone monopoly’s board, two sources brie[...]
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Explainer-Why any deal for Berlusconi’s TV business MFE could take time
By Elvira Pollina and Mathieu Rosemain MILAN (Reuters) – Merger and acquisition speculation has lifted shares in MFE, the late Silvio Berlusconi’s TV business, following his death, but a n[...]
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