ROME (Reuters) – Energy transition could cost Italy in excess of 650 billion euros ($760 billion) over the next decade and the government must do more to help businesses bear the cost, the head of the employers’ federation...
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Evergrande debt problems not just a local issue – Swiss National Bank
ZURICH (Reuters) -The Swiss National Bank is closely monitoring the situation at China’s Evergrande Group, SNB Chairman Thomas Jordan said on Thursday, amid concerns that its debt problems could pose risks to China’s financial...
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Evergrande puts small investors first as debt deadline looms
By Clare Jim, Anshuman Daga and Tom Westbrook HONG KONG/SINGAPORE (Reuters) – China Evergrande Group will make it a top priority to help retail investors redeem their investment products, its chairman said, as uncertainty looms over...
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Stocks shrug off hawkish Fed, Evergrande soars in China
By Marc Jones LONDON (Reuters) – World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China...
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Deutsche Bank CFO: There should be banking M&A, we must prepare
BERLIN (Reuters) -Deutsche Bank sees the logic that there should be consolidation in the European banking sector and the task in hand is to prepare for that outcome, Chief Financial Officer James von Moltke said on Thursday. Hewing...
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Unit of SMCP’s majority shareholder fails to redeem bonds
PARIS (Reuters) – French fashion company SMCP, whose brands include Sandro and Maje, said on Thursday that European TopSoho – a unit of its majority shareholder – had failed to redeem 250 million euros ($293 million) of...
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