26 November

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Poland, Hungary moving deeper into isolation in EU – senior EU diplomat

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BRUSSELS (Reuters) - Poland and Hungary are moving deeper into isolation in the 27-nation European Union by blocking the EU's 2021-2027 budget and recovery fund needed to pull the EU out of a recession caused by the COVIOD-19 pandemic, a senior EU diplomat said on Thursday. Warsaw and Budapest have vetoed the bloc's 1.8 trillion euro financial package for 2021-2027 because it...

26 November

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New broom at UK financial watchdog starts sweeping changes

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By Huw Jones LONDON (Reuters) - The new boss of Britain's Financial Conduct Authority has begun a root-and-branch internal shake-up just over a month before the country's full departure from the European Union will give the watchdog new rule-making powers. The FCA faces the tricky task of helping the financial sector navigate Brexit in the face of pressure from lawmakers for regulators to...

26 November

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Maserati to electrify entire line-up in next five years – CEO

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MILAN (Reuters) - All vehicles of Fiat Chrysler's premium brand Maserati will be electrified, either hybrid or full-electric, in the next five years, the unit's chief executive said on Thursday. Maserati's new SUV Grecale, to be released next year, will be initially offered both in a combustion-engine and in a hybrid version, Davide Grasso said during a fashion web event organised by Italian...

26 November

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Vaccine promise stirs European dividend payout hopes

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By Thyagaraju Adinarayan and Sujata Rao LONDON (Reuters) - European dividend futures are stirring from their months-long slumber, reflecting investor expectations that positive COVID-19 vaccine updates on top of trillions of dollars in stimulus will fast-track an anticipated recovery in company profits. On Wednesday, 2021 dividend futures for European banks jumped 11% after European Central Bank official Yves Mersch said lenders may be...

26 November

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Exclusive: Aviation bodies seek airport slots waiver for much of 2021

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By Laurence Frost PARIS (Reuters) - Global aviation heavyweights led by airline body IATA are pushing to suspend airport slot access rules until October 2021, a document seen by Reuters showed, while giving some ground to budget carriers angered by measures they deem anti-competitive. The draft proposal to be issued jointly by IATA,...

26 November

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Irish banks have enough capital to absorb severe shock – central bank

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By Padraic Halpin DUBLIN (Reuters) - Ireland's retail banks have sufficient aggregate capital to absorb shocks materially worse than baseline projections that already forecast a no trade deal Brexit, a new assessment by the country's central bank showed. The regulator helped banks to support the economy through the COVID-19 pandemic by cutting the amount of capital they must set aside to protect...

26 November

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PM Johnson appoints business consultant as new chief of staff

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LONDON (Reuters) - British Prime Minister Boris Johnson appointed Dan Rosenfield, a business consultant and former treasury official, as his new chief of staff on Thursday. Johnson is reshaping his senior team of advisers following the dramatic departure of Dominic Cummings earlier this month. Cummings was seen as the driving force behind Johnson's strategy on Brexit and most other policies, and his...

26 November

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Thailand to sign vaccine agreement with Oxford-AstraZeneca- PM

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By Panarat Thepgumpanat BANGKOK (Reuters) - Thailand is set to sign a purchase agreement for AstraZeneca's potential COVID-19 vaccine this week, its prime minister said on Thursday, in the country's first coronavirus vaccine procurement deal. The announcement comes as other countries in the region like the Philippines prepare to sign similar deals with AstraZeneca and other firms to guarantee supplies. "Tomorrow, we will...

26 November

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EU fines Teva, Cephalon for pay-for-delay drug deal

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By Philip Blenkinsop BRUSSELS (Reuters) - The European Commission has fined pharmaceutical company Teva and its now subsidiary Cephalon 60.5 million euros ($72 million) for agreeing to delay a cheaper generic version of Cephalon's sleep disorder medicine. The fine is the fourth and final penalty following a series of EU antitrust investigations begun 11 years ago into "pay-for-delay" drug deals. Previous fines...

26 November

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London Metal Exchange to freeze trading fees for 2021

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By Eric Onstad LONDON (Reuters) - The London Metal Exchange (LME) will freeze its trading and clearing fees for next year because of the COVID-19 pandemic but will increase some of its other fees, it said on Thursday. The exchange, the world's oldest and largest market for industrial metals, boosted trading and clearing fees by 8% in 2020 in its first increase...

Меню

Poland, Hungary moving deeper into isolation in EU – senior EU diplomat

New broom at UK financial watchdog starts sweeping changes

Maserati to electrify entire line-up in next five years – CEO

Vaccine promise stirs European dividend payout hopes

Exclusive: Aviation bodies seek airport slots waiver for much of 2021

Irish banks have enough capital to absorb severe shock – central bank

PM Johnson appoints business consultant as new chief of staff

Thailand to sign vaccine agreement with Oxford-AstraZeneca- PM

EU fines Teva, Cephalon for pay-for-delay drug deal

London Metal Exchange to freeze trading fees for 2021

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