By Simon Lewis NEW DELHI (Reuters) -The Group of 20 (G20) meeting of foreign ministers has again been marred by Russia’s invasion of Ukraine, U.S. Secretary of State Antony Blinken said on Thursday, as he called for the bloc to call on Russia to withdraw its forces. The war has been a major sticking point …
Blinken says G20 meeting in India marred by Russia-Ukraine war Read More »
MILAN (Reuters) – Italy’s Maire Tecnimont aims to double its revenue and grow its core earnings by three to four times over the next 10 years, the engineering group said on Thursday. Under its new strategic plan to 2032, the group will also invest more than 1 billion euros to widen its technology portfolio, digitalize …
Italy’s Maire Tecnimont aims to double sales by 2032 Read More »
Frankfurt (Reuters) – Merck zieht zur Beschleunigung seines Wachstums große und kleinere Zukäufe in Betracht. “Unsere Ziele für 2025 können wir organisch erreichen, M&A wird ein Beschleuniger sein”, sagte Vorstandschefin Belen Garijo am Donnerstag in Darmstadt. “Entweder in Form eines transformativen Schrittes, einer Reihe von Perlen oder durch Einlizenzierung. Das hängt davon ab, was der …
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo on Thursday said it would spend 360 million euros ($382 million) in cash to buy the 26.2% of healthcare insurer Intesa Sanpaolo RBM Salute it did does not own. Intesa Sanpaolo Vita, the group’s insurance arm, bought 50% plus one share of RBM from its owners, the …
Intesa invests 360 million euros for full control of health insurance business Read More »
Frankfurt (Reuters) – Nach einem deutlichen Gewinnanstieg im vergangenen Jahr stellt sich Merck auf zunehmenden Gegenwind ein. Wegen des sich abschwächenden Markts für Halbleiter, eines weiteren Rückgangs der Corona-Nachfrage sowie der anhaltend hohen Inflation rechne Merck 2023 mit einem herausfordernden Jahr, teilte das Pharma- und Technologieunternehmen am Donnerstag mit. Belastend dürften sich auch negative Wechselkurseffekte …
MILAN (Reuters) – Exor, the holding company of Italy’s Agnelli family, has proposed its partner Benoit Ribadeau-Dumas for the role of Stellantis board member, a document prepared for the carmaker’s annual general meeting showed on Thursday. With a 14.4% stake, the Netherlands-based Exor, headed by Stellantis Chairman John Elkann, is the largest single investor in …
Exor partner proposed for Stellantis board to replace Andrea Agnelli Read More »
NEW DELHI (Reuters) -Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. China, the world’s largest bilateral creditor, has criticised multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do …
China urges global lenders’ involvement in developing nations’ debt Read More »
ROME (Reuters) – Italy’s defence and aerospace company Leonardo said on Thursday it signed a deal to provide technology that will monitor the state of the country’s road infrastructure in more than 7,100 municipalities. The condition of Italy’s roads, tunnels and bridges has been a concern since the 2018 collapse of a highway bridge in …
Leonardo signs deal to help monitor Italian bridges and viaducts Read More »
SHANGHAI (Reuters) -China’s securities regulator on Thursday warned investors against fund-raising scams purporting to be from foreign asset management firms, underscoring reputational risks that global financial institutions face in the country. Some fraudsters, disguised as qualified foreign institutional investors (QFII), recently sold financial products, recommended stocks, and traded securities illegitimately, the China Securities Regulatory Commission …
China securities watchdog warns of ‘foreign’ investor scams Read More »
SAO PAULO (Reuters) – Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to rise by 6% to 9.9% in 2023, citing inflation levels and higher commodities prices. Nonetheless, that would represent a slow down from 2022, when the company – a subsidiary of …
Brazil’s Ambev sees higher costs in 2023 as Q4 net profit rises 36% Read More »
