8:00 - 19:00

Working hours MON. - FRI.

A $9 million boss? UniCredit investors to decide how much Orcel is worth By Reuters

By Valentina Za, Maria Pia Quaglia and Simon Jessop MILAN (Reuters) -Investors are due to approve Andrea Orcel's appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay. Orcel, 57, will join UniCredit just over two years after Spanish bank Santander (MC:SAN) withdrew an offer to make him its CEO after a disagreement over his pay package that ignited a 112 million euro ($134 million) legal dispute. Though only a fraction of the $30 million-plus bonuses Orcel got as a...

Подробнее

Europeans want digital euro to be private, safe and cheap: ECB survey  By Reuters

FRANKFURT (Reuters) - Euro zone citizens expect the European Central Bank’s proposed digital euro to be private, safe and cheap, an ECB survey showed on Wednesday. “What the respondents want most from a digital euro is privacy (43%), security (18%), usability across the euro area (11%), the absence of additional costs (9%) and offline use (8%),” the ECB said in a report presenting the results of its consultation. The ECB is working on creating an electronic form of cash to complement banknotes and coin but a digital euro is unlikely to be a reality for...

Подробнее

Germany’s CPI, Aroundtown to buy Globalworth in $1.88 billion real estate deal By Reuters

(Reuters) - Germany's CPI Property Group and Aroundtown SA on Wednesday offered to buy London-listed Globalworth Real Estate Investments in a deal valued at about 1.57 billion euros ($1.88 billion). Shareholders in Globalworth, which mainly operates in the office sector in Poland and Romania, will be entitled to get 7 euros per share in cash, CPI said. The German consortium said it currently holds about 51.5% of Guernsey-incorporated Globalworth. The offer represents a premium of nearly 20% to Globalworth's last close. Office real estate has taken a hit during the COVID-19 pandemic as restrictions forced people...

Подробнее

LVMH shares hit record high after strong sales figures By Reuters

PARIS (Reuters) - LVMH (PA:LVMH)'s shares rose to record highs on Wednesday after the world's biggest luxury goods company posted sales figures that showed it had bounced back far more quickly than expected in early 2021. LVMH shares were up by 2.7% in early session trading, hitting new record levels, and also lifting up the shares of rival luxury goods companies such as Kering (PA:PRTP) and Hermes. Late on Tuesday, LVMH posted first-quarter revenues that even exceeded 2019 levels, before the pandemic. Its like-for-like sales, which strip out the effect of currency changes and...

Подробнее

SAP, LVMH earnings nudge European stocks higher By Reuters

(Reuters) - European stocks inched up on Wednesday, as upbeat earnings from German software firm SAP and French luxury goods maker LVMH (PA:LVMH) offset concerns about a potential setback to the continent's COVID-19 vaccination programme. The pan-European STOXX 600 index rose 0.1% by 0707 GMT, with technology and personal & household goods sectors among the top gainers. SAP rose 2.6% after it nudged its outlook for 2021 revenue higher after reporting first-quarter results that showed gains in cloud sales. LVMH gained 2.5% after sales bounced back far more quickly than expected in early 2021 as...

Подробнее

China Pulls Support From Struggling Local Builders to Cut Risk By Bloomberg

(Bloomberg) -- Chinese authorities want failing local government financing vehicles to restructure or go bust if they can’t repay their debts, suggesting the state-linked sector is closer to seeing its first defaults on publicly traded bonds. The LGFVs should “implement bankruptcy proceedings or liquidation in accordance with the law if they lose their ability to pay,” according to a statement by the State Council -- or China’s cabinet -- posted on Tuesday. Local governments should not rely on LGFVs to finance their activities, the statement said, and LGFVs are banned from accepting documents offering guarantees...

Подробнее

RBNZ Sees Need for Prolonged Stimulus Amid Uncertainty By Bloomberg

(Bloomberg) -- New Zealand’s central bank signaled it is in no rush to remove monetary stimulus, saying the outlook remains uncertain as the economy gradually recovers from the Covid-19 pandemic. The Reserve Bank’s monetary policy committee on Wednesday maintained its current stimulatory settings, holding the official cash rate at 0.25% and the Large Scale Asset Purchase program at NZ$100 billion ($71 billion). It reiterated it is prepared to lower the cash rate further if required. “The committee agreed that, in line with its least regrets framework, it would not remove monetary stimulus until it had confidence...

Подробнее

World stocks hit record high as bond yields ease with inflation fears By Reuters

By Kevin Buckland and Herbert Lash TOKYO (Reuters) - Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly. Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong's Hang Seng leading gains in the region, while benchmark U.S. Treasury yields continued their decline, marking a fresh three-week low. Japan bucked the trend, with the Nikkei falling 0.4% as rising coronavirus cases raised doubts about an economic reopening with 100 days to go until Tokyo is scheduled to host the Olympics....

Подробнее

Toshiba CEO resigns, shares surge on bidding war expectations By Reuters

By Makiko Yamazaki TOKYO (Reuters) - Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that more suitors were planning offers. Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement. The statement gave no reason for the resignation but Kurumatani has come under much fire over the bid from CVC, his former employer, and his testy relations with the company's large activist shareholder base. A news conference is planned at 12.30 local time....

Подробнее
ru_RURussian