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…
German finance ministry plans austerity measures of up to 20 billion euros – Spiegel
BERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s Der Spiegel reported on Friday. With the…
Germany guarantees 221 million euros of Ukraine investments – econ ministry sources
BERLIN (Reuters) – Germany is currently providing guarantees on investments totalling 221 million euros ($242 million) in Ukraine, Economy Ministry sources said on Wednesday, following a visit by the economy minister to…
UniCredit kicks off first tranche of share buyback for 2.34 billion euros
MILAN (Reuters) – UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel’s plans…
Stellantis to invest 130 million euros in German plant for new Opel electric car
MILAN (Reuters) – Carmaker Stellantis said on Wednesday it would invest 130 million euros ($140 million) in its Eisenach assembly plant in Germany to produce a new battery electric vehicle (BEV) there…
EU-led donors to provide 7 billion euros to help rebuild Turkey after earthquake
By Gabriela Baczynska BRUSSELS (Reuters) – Donors at a European Union-led conference on Monday pledged 7 billion euros ($7.5 bln) to help to rebuild Turkey after last month’s devastating earthquakes, while Ankara…
Stellantis invests 200 million euros to produce Fiat cars in Algeria
PARIS (Reuters) – Carmaker Stellantis will spend more than 200 million euros ($213.32 million) to manufacture four Fiat models in Algeria, it said on Sunday. Construction of the plant will be completed…
Deutsche Bank CEO paid 8.9 million euros in 2022
ZURICH (Reuters) – Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday, rewarding…
Russia’s Tinkoff bank to suspend trading in euros from Feb 27
(Reuters) – Russian online bank Tinkoff, run by TCS Group Holding, said on Sunday it would suspend trading in euros from Monday following the imposition of a further set of European Union…
Analysis-Pain and gain for industry as EU carbon hits 100 euros
By Kate Abnett and Susanna Twidale BRUSSELS/LONDON (Reuters) – Europe’s carbon price hit a record 100 euros ($106) per tonne on Tuesday, a long-awaited milestone that boosts the economic case for some…
Ukraine war expected to cost Germany 160 billion euros by year-end
BERLIN (Reuters) – The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the…
Amazon grants 1.5 million euros to Dutch seaweed farm project
AMSTERDAM (Reuters) – Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commercially growing seaweed in between turbines of offshore wind farms, the company and…
Rheinmetall moving towards order backlog of 30 billion euros – CEO
By Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger…
Dutch central bank fines cryptocurrency exchange Coinbase 3.3 million euros
AMSTERDAM (Reuters) – The Dutch central bank (DNB) has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million) for failing to obtain the correct registration in the Netherlands before offering services.…
Finland promises 400 million euros of aid to Ukraine, could add Leopards
HELSINKI (Reuters) – Finland announced on Friday a new donation of more than 400 million euros ($434 million) worth of defence equipment for Ukraine, not including Leopard 2 heavy tanks which it…
Copper smelter Aurubis plans 530 million euros in new investments
BERLIN (Reuters) – Europe’s largest copper smelter Aurubis scrapped its existing dividend policy and announced 530 million euro ($562.44 million) of growth-oriented investments, the company said on Tuesday, expanding plants in the…
Italy collects around 2.8 billion euros from 2022 energy windfall tax
By Giuseppe Fonte ROME (Reuters) -Italy has so far collected around 2.8 billion euros ($3 billion) from a contested windfall tax on energy companies in force for this year only, Economy Minister…
Germany to pledge additional 50 million euros in winter aid for Ukraine
BERLIN (Reuters) – Germany will approve another 50 million euros ($52.68 million) in winter aid for Ukraine in response to Russian attacks on energy infrastructure there, German Foreign Minister Annalena Baerbock said…
Intesa Sanpaolo says repaid around 5.5 billion euros of ECB loans
MILAN (Reuters) – Italy’s Intesa Sanpaolo said on Friday it had repaid around 5.5 billion euros ($5.81 billion) in loans from the European Central Bank (ECB). The early repayment leaves the group…
Spain to lend Airbus 2.14 billion euros for miltary programmes
MADRID (Reuters) -Spain will lend Airbus 2.14 billion euros ($2.26 billion) to help the company to develop its military drone and helicopter programmes in the country, Industry Minister Reyes Maroto said on…
France to release 5 billion euros of SDRs to vulnerable countries under G20 programme
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…
Spain to raise 2 billion euros less from bank, energy taxes, De Cos says
By Jesús Aguado MADRID (Reuters) -The Bank of Spain estimates the government will raise a combined 5 billion euros ($5.2 billion) by 2024 from its proposed taxes on Spanish banks and large…
Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says
MILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion euros ($2.08…
Spain energy tax to raise 400 million euros less than expected, minister says
MADRID (Reuters) – The Spanish government will collect 400 million euros ($416 million) less than expected from the revised windfall tax bill on energy companies passed by the lower house in a…
EDF could lose 5 billion euros from France’s windfall tax -Les Echos
PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion euros ($5.20 billion) next year,…
Euro zone banks to repay 296 billion euros in ECB loans
FRANKFURT (Reuters) – Euro zone banks are set to repay 296 billion euros in multi-year loans from the European Central Bank next week, the ECB said on Friday, in its latest step…
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