MILAN (Reuters) – Generali investor Fondazione CRT ruled out on Wednesday the possible sale of its 1.7% stake in Italy’s largest insurer. “Assicurazioni Generali is and will continue to be a strategic investment for Fondazione CRT,” it said in a statem…
FTSE 100 slips on inflation worries, Premier Foods tops midcaps
(Reuters) -UK’s blue chip index fell on Wednesday as data showed inflation jumped 9% last month, fuelling fresh worries about the economic toll from surging prices, while Premier Foods topped midcap stocks after it announced plans to raise prices. The …
Exclusive-Volkswagen set to get unconditional EU nod for Europcar deal
By Foo Yun Chee BRUSSELS (Reuters) – A group led by Europe’s largest carmaker Volkswagen is set to win unconditional EU antitrust approval for its 2.9-billion-euro ($3 billion) bid for French car rental company Europcar, two people familiar with the ma…
Google’s Russian subsidiary to file for bankruptcy after bank account seized
(Reuters) -Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said…
Russian weekly inflation eases further after recent spike
(Reuters) – Russia’s weekly inflation rate eased further in May, data from statistics service Rosstat showed on Wednesday, after spiking sharply soon after Russia began what it calls a “special military operation” in Ukraine on Feb. 24. Inflation is sl…
Factbox-Surging food prices fuel protests across developing world
(Reuters) – The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring. Rising prices for basic food staples is fuelling protests from Indonesia to Iran. European wheat prices h…
Finnish finance veteran, Sampo chair Wahlroos to step down
HELSINKI (Reuters) – The chairman of Finnish insurer Sampo Bjorn Wahlroos, a veteran of the Nordic country’s financial industry, said on Wednesday he would step down in 2023. “I will today announce that I will no longer stand for re-election next year,…
Russian economic growth slows to 3.5% y/y in Q1 – Rosstat
(Reuters) – The Russian economy expanded by 3.5% year-on-year in the first quarter of 2022 after growing 5% in the previous quarter, data from federal statistics service Rosstat showed on Wednesday. The first quarter is expected to have been the last w…
China, U.S. lead rise in global debt to record high $305 trillion – IIF
By Rodrigo Campos NEW YORK (Reuters) – The world’s two largest economies borrowed the most in the first quarter as global debt rose to a record above $305 trillion, while the overall debt-to-output ratio declined, data from the Institute of Internation…
Moscow says more Mariupol fighters surrender; Kyiv silent on their fate
By Max Hunder KYIV/MARIUPOL, Ukraine (Reuters) – Russia said on Wednesday nearly 700 more Ukrainian fighters had surrendered in Mariupol but Kyiv was silent about their fate, while a pro-Russian separatist leader said commanders were still holed up in …