Gardant teams up with AMCO in race for BPERs NPL unit-sources
MILAN (Reuters) -Elliott-backed Italian bad loan specialist Gardant has teamed up with state-owned rival AMCO in the race to secure the bad loan business put up for sale by Italys fifth-largest bank BPER Banca, three sources with knowledge of the matter said.
Factbox-The Great Rebrand: Western business reborn in Russia under new names
(Reuters) – McDonalds Corp is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia.
Argentine President touts tax hikes to curb food inflation, lacks Congress support
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez said on Friday that higher food export tariffs would help curb rising food prices, but admitted that he lacked support in Congress to push through legislation to raise levies in the major grains producer.
Pandemic and explosions worsen Equatorial Guinea prospects, IMF says
DAKAR (Reuters) – Equatorial Guineas ailing economy has been dented by the pandemic and a series of deadly dynamite explosions in 2021 despite government efforts to mitigate the impact of these shocks on the oil-producing nation, the International Monetary Fund (IMF) said on Friday.
Germany can be independent from Russian gas by spring 2025 – RWE
FRANKFURT (Reuters) – Germany can wean itself off Russian gas within the next three years, the CEO of the countrys largest power producer, RWE, told a weekly paper.
Germany could help explore Senegal gas field -German govt official
BERLIN (Reuters) – Theres a possibility that Germany could help explore a gas field in Senegal, a German government official said on Friday.
McDonalds Russia franchisees to have option of working under new brand -TASS
(Reuters) – McDonald‘s Corp franchisees in Russia will have the option of working under the new brand that will presented in the near future, the TASS news agency quoted Oleg Paroev, McDonald’s Russias general director as saying on Friday.
Mexican inflation seen slowing in first half of May- Reuters Poll
MEXICO CITY (Reuters) – Mexican inflation is forecast to have slowed in the first half of May, although still far above central bank targets, a Reuters poll showed Friday, reinforcing expectations of continued interest rate hikes through the rest of the year.
Russias offline primary oil refining capacity revised up 5.2% for May
(Reuters) – Russias idle primary oil refining capacity was revised up to 6.522 million tonnes for May, an jump of 5.2% compared with the previous estimate, industry sources, citing the data on refinery maintenance plans, said and also Reuters calculations based on Refinitiv Eikon data showed
Canada finance minister defends Bank of Canada amid opposition attacks
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -Canadian Finance Minister Chrystia Freeland on Friday defended the central bank as inflation spikes to a three-decade high and the frontrunner to take over the opposition Conservative Party pledges to fire the Bank of Canada governor if elected.
Factbox-Macrons next government: continuity over change
PARIS (Reuters) – French President Emmanuel Macron unveiled his new cabinet on Friday, holding on to more ministers from his last government than had been anticipated after he promised a “new way” of ruling following his re-election in April.
Lebanon cabinet passes financial recovery plan -ministerial sources
(Reuters) -Lebanons cabinet has passed an economic recovery plan designed to pull the country out of a three-year financial meltdown, two ministerial sources told Reuters on Friday.
Santander may take Brazilian payments firm Getnet private
SAO PAULO (Reuters) – Spains Banco Santander SA may take Brazilian payments company Getnet private seven months after the subsidiary made its trading debut on the Sao Paulo stock exchange, a securities filing showed late on Thursday.
UK PM Johnson vows ‘fiscal firepower’ to help with rising living costs
LONDON (Reuters) – British Prime Minister Boris Johnson said he would have to use fiscal firepower to help people through the cost of living crisis over the coming months, comparing the task to the support government offered during the COIVD-19 pandemic.
ECB‘s hike should be ’more gradual than 50 bps, Visco says
KOENIGSWINTER, Germany (Reuters) – The European Central Bank should raise its policy rate out of negative territory in a “more gradual” way than suggested by some, ECB policymaker Ignazio Visco said on Friday.
Qatar key to Germanys future energy strategy – Chancellor Scholz
BERLIN (Reuters) – Qatar will play a central roll in Germanys strategy to diversify away from Russian gas, German Chancellor Olaf Scholz said on Friday.
European refinery crude intake rises almost 7% in April – Euroilstock
LONDON (Reuters) – European refiners processed 9.72 million barrels per day (bpd) of crude oil in April, up almost 7% from a month earlier and more than 9% higher than a year earlier, Euroilstock data showed on Friday.
Euro zone consumer confidence rises to -21.1 in May
(Reuters) – Euro zone consumer confidence rose by 0.9 points in May from the April number, figures released on Friday showed.
Factbox-Who is Stuart Machin, M&Ss new CEO？
By James Davey LONDON (Reuters) – On Wednesday, Steve Rowe will step down as chief executive of Marks & Spencer after six years, ending a 39 year career at the British retailer.
ECB can safely raise rates out of negative territory, Visco says
KOENIGSWINTER, Germany (Reuters) – The European Central Bank can raise its benchmark interest rate out of negative territory without major economic consequences because financing conditions would still remain exceptionally easy, ECB policymaker Ignazio Visco said on Friday.
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