BNP settles for up to 600 million euros in Swiss franc loan case -Le Parisien
PARIS (Reuters) – BNP Paribas has signed an agreement with France’s leading consumer group CLCV for between 400 million and 600 million euros ($662.3 million) compensation after its consumer credit unit was…
Signify to cut jobs in revamp to save 200 million euros annually
By Diana Mandia (Reuters) – Signify is to cut jobs as part of a restructuring that is targeting annual savings of 200 million euros ($218 million), sending shares in the world’s biggest…
German court ruling could cost Intel billions of euros in subsidies – state minister
BERLIN (Reuters) – The negative court ruling on German finances last week could cost Intel billions of euros in subsidies for planned chip-making plants in the state of Saxony-Anhalt, the state economy…
Factbox-Italian banks add 4.5 billion euros in capital due to one-off tax
MILAN (Reuters) – Italian financial institutions have opted en masse to forego an extraordinary tax the government imposed on the sector in August, making use of a clause Rome introduced in September…
Santander readies sale of bad assets worth 5 billion euros- Cinco Dias
MADRID (Reuters) – Spain’s Santander is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday.…
Citroen targets low-cost Chinese EVs with electric C3 for 23,300 euros
By Gilles Guillaume MEUDON, France (Reuters) – Citroen on Tuesday unveiled its new electric e-C3 SUV, a low-cost model starting at 23,300 euros ($24,540) aimed at taking on Chinese carmakers in the…
Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
By Padraic Halpin DUBLIN (Reuters) – Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts in Tuesday’s budget for 2024, a source…
Exclusive-Greece to raise up to 7 billion euros from bond markets in 2024
By Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 7 billion euros ($7.5 billion) from debt markets in 2024 through new short- and long-term bond issues and will allow…
Foreign direct investment in Germany dives to 3.5 billion euros in H1
BERLIN (Reuters) – Foreign direct investment (FDI) in Germany slumped to 3.5 billion euros ($3.75 billion) in the first half of this year from 34.1 billion in the same period in 2022,…
Opel expects to offer electric vehicle for around 25,000 euros by 2026
MUNICH (Reuters) – Stellantis-owned carmaker Opel will be able to offer an electric vehicle at a price of about 25,000 euros ($26,967) without incentives from around 2026, the brand’s CEO said on Monday.…
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing…
Capgemini’s slower sales hit shares, to invest 2 billion euros in AI
By Lina Golovnya and Stephanie Hamel (Reuters) -French IT consulting group Capgemini posted weaker quarterly growth due to a slowdown across its regions, marked by a softer-than-expected U.S. market as clients cut…
EU bank unveils new fund worth 400 million euros to help rebuild Ukraine
By Gabriela Baczynska BRUSSELS (Reuters) – The European Union’s lending arm on Thursday unveiled a new fund worth 400 million euros ($447 mln) to spend on rebuilding Ukraine before the bloc’s longer-term…
Ukraine won military aid pledges worth $1.5 billion euros this week – minister
KYIV (Reuters) – Ukraine’s foreign partners pledged over 1.5 billion euros ($1.68 billion) in military aid for Kyiv while attending a NATO summit this week, Defence Minister Oleksiy Reznikov said on Thursday.…
ThyssenKrupp’s Nucera valued at 2.5 billion euros in IPO
(Reuters) – Hydrogen firm ThyssenKrupp Nucera has priced its initial public offering at 20 euros ($21.72) per share, implying a market capitalisation of around 2.5 billion euros, the company said in a…
US dollar share of global reserves edges up in Q1, euro’s share dips – IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the midst of…
Daimler Truck sees multi-million euros in storm damage at plant
(Reuters) – A severe storm that hit a Mercedes-Benz plant in the central German city of Kassel last week is estimated to have caused damage in the mid-double-digit-million euro range, said Daimler…
Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source
BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a…
EBRD lends 50 million euros to Ukraine’s Ukreximbank
KYIV (Reuters) – The European Bank for Reconstruction and Development will provide a 50-million-euro ($54 million) loan to one of Ukraine’s biggest banks, state-owned Ukreximbank, under an agreement signed on Friday. Matteo…
France’s European Mistral missile order worth 500 million euros – ministry
PARIS (Reuters) – France’s defence ministry said on Tuesday that it could order 1,000 Mistral air defence missiles worth about 500 million euros ($545.6 million) as part of a joint purchase with…
Stellantis invests 100 million euros in startups, mobility fund
By Joseph White DETROIT (Reuters) – The venture capital arm of automaker Stellantis said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and…
Orpea draws first 200 million euros from new financing as restructuring plan continues
(Reuters) – French company Orpea, hit by allegations of malpractice at its care homes and a sharp drop in valuation, said on Friday it made a drawdown of 200 million euros ($214.24…
EU doubles financial aid to Moldova to 295 million euros
BRUSSELS (Reuters) – European Union governments decided on Tuesday to nearly double the amount of EU financial support to Moldova to a total of 295 million euros ($324.74 million), the Swedish presidency…
Talanx buys Liberty Mutual’s Latin America business for 1.38 billion euros
(Reuters) – Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s…
Italy posts largest trade surplus in almost two years as imports drop
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued…
Italy’s Prada to invest 60 million euros to help boost production capacity
By Elisa Anzolin VALVIGNA, Italy (Reuters) – Italy’s Prada is planning to spend 60 million euros ($66 million) on industrial capital investments this year, a large chunk of which will help double…
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