Aurubis No Longer Buying Copper From Russia
After letting supply contracts lapse, Aurubis AG, Europe’s largest copper smelter and manufacturer, no longer buys from Russia, its CEO…
Swiss Parliament Refuses to Approve Credit Suisse Rescue Package
Switzerland’s parliament has refused to approve the 109 billion Swiss francs ($120.5 billion) of financial guarantees used to rescue Credit…
Barclays Shareholders Advised to Vote Against Executive Compensation
Glass Lewis, an investor advisory firm, has advised Barclays shareholders to vote against the bank’s executive compensation because of long-term…
French Authorities Raid Paris Offices of Five Banks
French authorities have raided the Paris offices of five banks, including Societe Generale, BNP Paribas, and HSBC, on suspicion of fiscal…
Riksbank Governor Warns Further Rate Hikes Likely
Riksbank Governor Erik Thedeen has said that the Swedish central bank may have underestimated inflationary pressure and will likely adhere to its…
USB Agrees Deal to Take Over Credit Suisse
UBS has agreed a deal to take over Credit Suisse, paying 3.23 billion Swiss francs ($3.23 billion) in stock and…
ECB Hawks Play Up Need for Further Rate Hikes
The European Central Bank (ECB) is likely to need to hike interest rates further, according to two prominent hawks on…
Italian State Investor Poised to Approve Telecom Italia Offer
Italian state investor CDP is poised to approve a long-delayed non-binding offer for the fixed network of former phone monopoly…
Tinkoff Bank to Cease Trading in Euros
Russian online bank Tinkoff has announced on that it will cease trading in euros beginning on Monday as a result of the…
HMD Global to Bring 5G Manufacturing to Europe
Nokia manufacturer HMD Global Oy plans to build the capabilities and processes necessary to bring 5G device manufacturing to Europe this…