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…
Germany to earmark 430 million euros for fighting world hunger
BERLIN – Germany is planning to provide an additional 430 million euros ($446.5 million) in aid to fight world hunger, the Development Ministry said on Friday, confirming an earlier report by Spiegel…
European green, social, sustainable bond sales could reach 1.6 trln euros in 2026 – study
By Federica Urso (Reuters) – Sales of Green, Social and Sustainability (GSS) bonds in Europe could total 1.6 trillion euros ($1.68 trillion) by 2026, making up almost half of all new bond…
Italy approves 14 billion euros of stimulus measures as growth outlook weakens
ROME – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact of the war in Ukraine, Prime Minister…
Austrian leader says Putin told him gas payments in euros can continue
By Francois Murphy VIENNA – Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria’s supply of gas can continue to be paid for in euros, Nehammer…
Italy approves new car incentives of 650 million euros per year
ROME – Italian Prime Minister Mario Draghi has signed a decree to allocate 650 million euros ($709 million) per year from 2022 through 2024 for incentives to buy electrified or low-polluting cars,…
Prologis launches bid for Blackstone’s 21 billion euros warehouse portfolio – FT
– Prologis Inc, the world’s biggest warehouse owner, has launched a bid to buy Blackstone Inc’s portfolio of logistics properties in what would be the largest ever private real estate deal, the…
Stellantis aims to double revenue to 300 billion euros by 2030
– Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as it manages the shift…
Russian central bank increases daily limit on euro-rouble forex swaps to 3.5 billion euros
MOSCOW – The Russian central bank increased the daily limit for its foreign exchange swap operations in euros to 3.5 billion euros from 2 billion euros, it said on Friday, further increasing…
Moncler 2021 sales top 2 billion euros, beating expectations
MILAN – Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year to well above pre-pandemic levels thanks to…
Bosch to invest additional 250 million euros in chip production capacity
BERLIN – Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had…
EDF fined 300 million euros for dominant position abuse in France
PARIS – France’s competition watchdog fined EDF and its subsidiaries 300 million euros ($339.78 million) over the abuse of its dominant position between 2004 and 2021, the competition authority said on Tuesday.…
Insurer NN Group plans 1 billion euros share buyback as demand remains strong
AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the second half of last year, driven by…
France can afford to cut business tax by 10-15 billion euros – minister
PARIS – France can only afford to cut business tax by another 10 billion to 15 billion euros without putting its public deficit reduction plans at risk, Finance Minister Bruno Le Maire…
EU earmarks 150 billion euros for investment in Africa
DAKAR -The European Union has earmarked over 150 billion euros ($170 billion) for investments in Africa under a global fund launched to offer an alternative to Chinese money, the European Commission said…
Philadelphia CBP Officers Monopolize $263K in Fake Miami-Bound Euros from Russia
PHILADELPHIA – A parcel of “Monopoly money” did not pass Customs and Border Protection officers, and the importer will not collect the more than $263,000 in counterfeit Euros that CBP officers seized…
Russia, China agree 30-year gas deal via new pipeline, to settle in euros
By Chen Aizhu – Russia has agreed a 30-year contract to supply gas to China via a new pipeline and will settle the new gas sales in euros, bolstering an energy alliance…
Deutsche Bank advises clients to buy euros after ECB hawkish pivot
LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the bloc’s inflationary…
EU aims to invest billions euros in chip push, EU’s Breton says
By Jan Strupczewski BRUSSELS – The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20%, the bloc’s…
UniCredit says only 1 billion euros of loans still under moratorium
MILAN – UniCredit has only 1 billion euros ($1.1 billion) in loans under moratorium, all of which in Italy, and default rates on debt where payments were frozen due to COVID-19 so…
Breaking News
