By Johann M Cherian and Sruthi Shankar (Reuters) -Britain’s FTSE 100 closed at a fresh five-week high on Monday as…
Cineworld reaches bankruptcy settlement with landlords, lenders
By Dietrich Knauth (Reuters) – Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and…
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros…
World wine output dips slightly after year of torrid weather
PARIS (Reuters) – World wine production in 2022 is expected to dip slightly below last year’s level, with a better…
Gap says Russia deliveries stopped in March. But its clothing kept coming
By Siddharth Cavale, Steve Stecklow and David Gauthier-Villars NEW YORK/LONDON/ISTANBUL (Reuters) -In March, clothing retailer Gap Inc joined numerous Western…
UniCredit details impact of new terms for ECB’s TLTRO funds
By Valentina Za and Federico Maccioni MILAN (Reuters) -UniCredit said it expected a 400 million euro ($396 million) contribution from…
Fresenius cuts profit guidance again on slower recovery, rising costs
By Ludwig Burger and Riham Alkousaa (Reuters) – German healthcare group Fresenius has cut its 2022 guidance for the second…
Sanctions and Russian exodus drive demand for jet fuel in Central Asia
MOSCOW (Reuters) – Central Asian demand for jet fuel is soaring as the region has become a key air traffic…
EU asks U.S. for same treatment as Canada and Mexico in electric vehicles sales
By Jan Lopatka PRAGUE (Reuters) -The European Union asked the United States on Monday to treat EU electric vehicles, batteries…
Exclusive-Elon Musk reached out to EU industry chief to pledge content policing compliance
By Michel Rose PARIS (Reuters) -Elon Musk has assured the European Commission that Twitter will abide by tough European rules…