MILAN (Reuters) – Prosiebensat.1 top investor MediaForEurope (MFE) said on Wednesday it has raised its potential voting stake in the German media group to 29.9%. Controlled by the family of former Italian Prime Minister Silvio Berlusconi and formerly k…
Glencore employees moved bribes cash by private jet, London court told
By Sam Tobin LONDON (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore E…
Axa 9-month revenue up 2%, faces 400 million euro hit from Hurricane Ian
PARIS (Reuters) -Axa on Wednesday said its revenue in the first nine months of the year increased by 2% and estimated it would have to pay out about 400 million euros ($394 million) for damages caused by Hurricane Ian in the United States. The French i…
Iran denies it poses a threat to Saudi Arabia, after report Saudis raised concern
DUBAI (Reuters) – Iran denied on Wednesday it posed a threat to Saudi Arabia, after the Wall Street Journal reported that Riyadh had shared intelligence with the United States warning of an imminent attack from Iran on targets in the kingdom. Iran’s Fo…
Credit Suisse to use repurchased shares for employee plans
ZURICH (Reuters) – Credit Suisse’s board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted last year, and will instead use them to service employee participation plans, the bank said on W…
New GSK maintains strong start, but Zantac litigation looms large
By Natalie Grover (Reuters) -GSK raised its 2022 forecast for the second time this year, after third-quarter earnings and sales topped estimates, continuing its strong start as a standalone prescription medicine and vaccine business since carving out i…
Cut mortgage rates, lawmakers warn banks, as UK house price dip looms
By Lawrence White and Iain Withers LONDON (Reuters) – British lawmakers called on banks to cut high mortgage prices on Wednesday, after a recent bout of political turmoil wreaked havoc on the market for home loans, sending prices rocketing and seeing h…
Russian September airline traffic down 20% under effect of sanctions
MOSCOW (Reuters) – Passenger numbers on Russian airlines were down 20% in September from last year, as the impact of Western sanctions continues to weigh on the industry. Russian airlines carried 9.87 million passengers in September, Russia’s statistic…
Russian weekly consumer prices edged up in week of central bank rate hold
MOSCOW (Reuters) -Weekly consumer prices in Russia rose marginally for the sixth week running, data published on Wednesday showed, vindicating the central bank’s decision to end its rate-cutting cycle last week and hold its key rate at 7.5%. The centra…
Britain to go it alone for now on reining in ‘shadow banking’
By Huw Jones LONDON (Reuters) – Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the so-called shadow banking sector, taking the lead ahead of possible co-ordinated international action. UK r…