By Arathy Somasekhar HOUSTON (Reuters) -Oil futures slipped 1.5% in choppy trading on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban on Russian crude on Monday. Brent crude futures settled down $1.31, a 1.5% drop, at $85.57 per barrel. U.S. …
Oil dips 1.5% ahead of OPEC+ meeting, EU Russian oil ban Read More »
(Reuters) -Ratings agency S&P Global cut France’s outlook to “negative” from “stable” on Friday, reflecting its view of rising risks to the country’s public finances and the resulting fiscal space reduction. The downgrade comes amid France’s already large general government debt, an implementation risk associated with its structural reform agenda, a wider economic slowdown and …
S&P cuts France’s outlook to ‘negative’ on rising budgetary risks Read More »
PARIS (Reuters) – French fashion house Balenciaga’s creative director and chief executive officer both apologized Friday for an advertising campaign that sparked criticism on social media over accusations that it featured inappropriate imagery involving children. The storm over the campaign led reality television star Kim Kardashian to review her ties with the label. “I want …
Balenciaga designer, CEO apologize for ad campaign featuring children Read More »
(Reuters) – UniCredit is seeking to boost the pay of Chief Executive Andrea Orcel after he told colleagues he wants a bigger reward for turning around the Italian bank, the Financial Times reported on Friday, citing people familiar with the matter. (Reporting by Akriti Sharma in Bengaluru; Editing by Chris Reese)
By Foo Yun Chee BRUSSELS (Reuters) – HMD Global Oy, the exclusive licensee of Nokia-branded smartphones, has filed a complaint to EU antitrust regulators against VoiceAge EVS’s patent practices and royalty rates. Disputes over royalties have dogged the telecoms industry since the last decade. The most high profile were between Apple and Samsung Electronics, and …
Nokia smartphone maker HMD Global files EU antitrust complaint against VoiceAge EVS Read More »
(Reuters) – Assa Abloy AB said on Friday it will sell its Yale and Emtek lock brands, and U.S. and Canada residential businesses to Fortune Brands Home & Security in an $800 million all-cash deal, as it seeks to overturn U.S. antitrust opposition to its purchase of a unit of Spectrum. Earlier this year, the …
Assa Abloy locks in $800 million deal to sell Emtek, Yale businesses to Fortune Brands Read More »
By Michael Erman NEW YORK (Reuters) -Pfizer Inc is investing more than $2.5 billion at its drug making plants in Belgium and Ireland, gearing up to launch new products it hopes can replace lost revenue as patents expire and COVID-19 vaccine sales decline. The drugmaker said on Friday it plans to spend more than 1.2 …
Pfizer to invest more than $2.5 billion to expand European manufacturing Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as investors took profits from earlier gains after jobs data and wage inflation were surprisingly strong in November and muddied the outlook for how hawkish the U.S. central bank will …
Dollar gives back gains, strong wage growth complicates Fed policy Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Germany and five other countries on Friday joined in a debate that has drawn support and opposition from interest groups as they asked the European Commission for clarity on plans to make Big Tech pay some of the costs of Europe’s telecoms network. Deutsche Telekom, Orange, Telefonica, Telecom …
Germany, others demand clarity on EU plan on telco network costs Read More »
PARIS (Reuters) – France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights (SDRs), worth about 5 billion euros ($5.26 billion), to the world’s most vulnerable countries under a G20 programme and expects to release more next year, the finance ministry said on Friday. It said France had agreed to contribute loans …
France to release 5 billion euros of SDRs to vulnerable countries under G20 programme Read More »
