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…
Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs
MADRID (Reuters) – Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years, supporting 1,300 full-time jobs in the country, the U.S.-based…
Exclusive-Greece to borrow up to 8 billion euros from bond markets in 2023
By Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 8 billion euros ($7.91 billion) from debt markets in 2023 by issuing new short- and long-term issues, two government sources…
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 ($494-$692 billion)of the European Central Bank’s ultra cheap funding next month after…
Telefonica wins 1.32 billion euros in tax dispute with Spain
MADRID (Reuters) – Spain’s high court has ordered the country’s tax agency to reimburse telecoms giant Telefonica a record amount of 1.32 billion euros ($1.31 billion), the company said on Tuesday. Telefonica…
Remy Cointreau to enter perfume market at 5,500 euros a bottle
By Dominique Vidalon PARIS (Reuters) – Known for its prized Louis XIII cognac, Remy Cointreau is entering the luxury fragrance market with the launch of Maison Psyche, an upscale perfume house that…
Spain aims to increase revenue by 3.14 billion euros with new tax plans
By Belén Carreño MADRID (Reuters) -Spain’s government hopes to increase its tax take by 3.14 billion euros ($3 billion) next year with a series of measures including a temporary wealth tax and…
Porsche AG shares debut at 84 euros
BERLIN (Reuters) – Porsche AG shares debuted at 84 euros ($81.15) on the stock market on Thursday in Germany’s biggest initial public offering (IPO) in more than 25 years. Books closed on…
Courbit-led group offers 20 euros a share for M6 stake – Bloomberg News
(Reuters) – French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & Co.’s stake in television company Groupe M6,…
UniCredit kicks off second buyback for up to 1 billion euros
MILAN (Reuters) – Italy’s second-biggest bank UniCredit said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it expects to…
EU countries can use 225 billion euros of EU loans for energy crisis
BRUSSELS (Reuters) – European Union countries can use 225 billion euros ($227.57 billion) in untapped loans from the EU’s recovery fund to address energy problems and other challenges resulting from the Russian…
Factbox-Euro zone bill for cost of living crisis nears 300 billion euros
PARIS (Reuters) – The amount of money euro zone governments are committing to help consumers and businesses cope with the energy and cost-of-living crisis is quickly approaching 300 billion euros. According data…
Spain to spend 1.9 billion euros on housing renovation
MADRID (Reuters) – The Spanish government approved a 1.9 billion euro ($1.89 billion) plan to subsidise housing renovation to make homes more energy-efficient, Housing Minister Raquel Sanchez said on Tuesday. The government…
Spain’s Jan-June trade deficit widens almost six-fold to 32 billion euros
(Reuters) – Spain’s trade deficit in the first six months of the year widened almost six-fold from the same period a year earlier to 32 billion euros ($32.6 billion), the Industry Ministry…
Portugal’s Galp pays 140 million euros to get full ownership of Titan Solar
MADRID – Portugal’s Galp Energia has bought the 24.99% it does not already own of Titan Solar, a renewable energy joint venture created with Spanish engineering firm ACS in 2020, the company…
Belgian raises 1.42 billion euros from 5G mobile licence auction
BRUSSELS – Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to enter the consumer market, telecoms regulator BIPT…
Italy’s AMCO to buy 1.4 billion euros of non-performing leasing credits from Intesa
MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a gross value…
Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
By Matthieu Protard PARIS -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees strong potential for its business in Italy,…
Moderna to invest 500 million euros in Spain, PM Sanchez says
MADRID – Moderna plans to invest around 500 million euros ($520.60 million) in a new laboratory in Spain to boost its production of vaccines, Spanish Prime Minister Pedro Sanchez said on Tuesday.…
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state to raise its borrowing in euros and…
Russian state depository halts operations in euros after EU sanctions
(Reuters) – The Russian National Settlement Depository (NSD) said on Friday it suspends operations in euros due to the latest EU sanctions, calling the situation an emergency. The European Union has expanded…
TIM values landline grid about 20 billion euros in single broadband deal, sources say
MILAN – Telecom Italia (TIM) has attached an enterprise value of around 20 billion euros ($21.5 billion) to its landline grid which the former phone monopoly is considering selling as part of…
Russian to ease restrictions on cash FX, apart from U.S dollars, euros
(Reuters) – Russia’s central bank said on Thursday banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros. Restrictions…
EU plans 9 billion euros joint borrowing for Ukraine, more for reconstruction
BRUSSELS – The European Commission proposed on Wednesday an extra 9 billion euros ($9.5 billion) in EU loans to Ukraine in 2022 to keep the country running and to set up a…
G7 finance ministers plan 15 billion euros aid for Ukraine
BERLIN -The finance ministers of the Group of Seven economic powers want to put together a 15 billion euro ($15.8 billion) aid package for Ukraine at their meeting in Bonn this week,…
Italian luxury group Zegna sees sales above 2 billion euros in mid-term
MILAN – Italy’s Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group said on…
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