07 June

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Putin signs law taking Russia out of Open Skies arms control treaty By Reuters

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MOSCOW (Reuters) -Russian President Vladimir Putin signed a law on Monday that formalises Russia's exit from the Open Skies arms control treaty, a pact that allows unarmed surveillance flights over member countries. Russia had hoped that Putin and U.S. President Joe Biden could discuss the treaty when they meet later this month at a summit in Geneva. But the Biden administration informed Moscow in May that it would not re-enter the pact after the Trump administration quit it last year. The Kremlin said on Monday that the U.S. decision to withdraw from the...

07 June

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G7 tax deal does not unfairly benefit U.S., OECD says By Reuters

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LONDON (Reuters) - A landmark deal to reform corporate tax payments proposed by the Group of Seven on Saturday will not unfairly benefit the United States, the Organisation for Economic Co-operation and Development said on Monday. "I wouldn’t agree with your characterisation that this particularly benefits the U.S.," OECD Secretary-General Mathias Cormann told BBC radio. "I think you’ll find that there are a number of very large multinational U.S. companies that will end up paying more tax in countries around the world, where perhaps at the moment that is not the case," he said....

07 June

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Daimler may fetch up to $1.2 billion in showroom sale – Handelsblatt By Reuters

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FRANKFURT (Reuters) - Daimler plans to significantly reduce the number of showrooms and service sites it owns in Europe in a deal that could fetch up to 1 billion euros ($1.2 billion), German business daily Handelsblatt reported, citing industry sources. About 25 showrooms and service sites in Britain, Spain and Belgium with about 2,800 employees are up for sale, Handelsblatt said, citing Daimler. ($1 = 0.8223 euros) ...

07 June

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Forced relocation of swaps clearing to EU would harm bloc, says LSE By Reuters

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By Huw Jones LONDON (Reuters) - Forcing euro derivatives clearing to move from London to the European Union would bump up costs for customers and put EU firms at a competitive disadvantage to international peers, the London Stock Exchange Group (LON:LSEG) argued in a note to clients. The EU is studying how trillions of euros in interest rate swaps positions could be shifted from LSEG's LCH clearing arm in London, where the bulk of the global market is cleared, to rival Deutsche Boerse (DE:DB1Gn)'s Eurex in Frankfurt. Britain's access to the EU financial market...

07 June

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Google agrees to change some ad practices after French watchdog imposes fine By Reuters

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By Mathieu Rosemain PARIS (Reuters) - Alphabet (NASDAQ:GOOGL)'s Google agreed to make changes to some of its widely-used online advertising services under a settlement with France's antitrust watchdog released on Monday. The authority also fined the Mountain View, California-based company 220 million euros ($267.48 million) after a probe found it abused its market power in the intricate ad business online, where some its tools have become almost essential for large publishers. "The decision to sanction Google is of particular significance because it's the first decision in the world focusing on the complex algorithmic auction...

07 June

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FTSE 100 slips on glum China export data, lower oil prices By Reuters

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(Reuters) - The export-heavy FTSE 100 slipped on Monday as lower oil prices and glum export data from China took the shine off the boost from a weaker pound, while NetScientific jumped on a deal to globally sell a COVID-19 test. The FTSE 100 was down 0.1% by 0707 GMT, tracking a decline in other European indexes on caution around rising inflation and fears of a sooner-than-expected tightening in global monetary policy. The mid-cap FTSE 250 was flat. Mining stocks fell 1.0% as data showed China's export growth slowed more than expected last month due...

07 June

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HSBC says Asia Pacific CEO Peter Wong to retire By Reuters

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(Reuters) - HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha who will jointly run the region. Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong. Wong has been CEO of Asia Pacific since February 2010. Last year he sparked a backlash from the British and U.S....

07 June

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Regus owner forecasts 2021 profit well below crisis-hit 2020 By Reuters

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(Reuters) - IWG on Monday warned that its 2021 core earnings will be well below last year's crisis-hit level, as continuing lockdown restrictions in some markets and the emergence of new COVID-19 variants delay the office space provider's recovery. The dour forecast underlines the challenges facing the industry, with most office buildings remaining deserted as many companies opt for remote work models during the health crisis. For 2020, UK-listed IWG suffered a 17% slide in adjusted core earnings and took on COVID-19 costs of 389.8 million pounds ($550.24 million). Rival Workspace said last week...

07 June

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Supermarket groups Carrefour and Tesco will not extend purchasing alliance By Reuters

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PARIS (Reuters) - French supermarket group Carrefour (PA:CARR) and its British peer Tesco (LON:TSCO) said on Monday they would not extend a purchasing alliance between the two companies. They said in a joint statement that "they have decided not to extend their purchasing alliance beyond the three-year operational framework agreed in 2018." The alliance formally ends on Dec. 31, they said, adding that the two would now focus on opportunities independently. The purchasing agreement https://www.reuters.com/article/cbusiness-us-carrefour-tesco-suppliers-a-idCAKBN1JT2IU-OCABS had aimed to allow Carrefour and Tesco to cut prices and expand ranges of their own-label...

07 June

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Don’t mention the T word: Five questions for the ECB By Reuters

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By Dhara Ranasinghe and Saikat Chatterjee LONDON (Reuters) - The European Central Bank meets on Thursday and will review the pace of emergency bond buys that it jacked up in March to prevent a rise in borrowing costs hurting a recovery. Dovish rhetoric from policymakers suggests no hurry to slow the pace of buying under the 1.85 trillion euro ($2.24 trillion) Pandemic Emergency Purchase Programme (PEPP). Yet, with the economy on a sounder footing, inflation picking up and other central banks taking tentative steps to slow stimulus, pressure to taper is building. Here...

Меню

Putin signs law taking Russia out of Open Skies arms control treaty By Reuters

G7 tax deal does not unfairly benefit U.S., OECD says By Reuters

Daimler may fetch up to $1.2 billion in showroom sale – Handelsblatt By Reuters

Forced relocation of swaps clearing to EU would harm bloc, says LSE By Reuters

Google agrees to change some ad practices after French watchdog imposes fine By Reuters

FTSE 100 slips on glum China export data, lower oil prices By Reuters

HSBC says Asia Pacific CEO Peter Wong to retire By Reuters

Regus owner forecasts 2021 profit well below crisis-hit 2020 By Reuters

Supermarket groups Carrefour and Tesco will not extend purchasing alliance By Reuters

Don’t mention the T word: Five questions for the ECB By Reuters

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