MILAN (Reuters) -Italy’s largest insurer Generali said on Monday it had fired veteran executive Luciano Cirina, who is publicly challenging incumbent Philippe Donnet for the role of chief executive, for alleged breach of contract. Cirina, who was head …
ProSieben says top investor MFE rejects supervisory board deal
By Alexander Hübner and Elvira Pollina BERLIN/MILAN (Reuters) -ProSiebenSat.1 said on Monday that MediaForEurope (MFE) had rejected the offer of a seat on the supervisory board of the German broadcaster, suggesting that no compromise has been reached w…
Russia and West at odds over gas payments in roubles
By Nina Chestney and Joseph Nasr (Reuters) -Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand. At a meeting of European Union …
In Istanbul and Dubai, Russians pile into property to shelter from sanctions
By Ceyda Caglayan, Saeed Azhar and Riham Alkousaa ISTANBUL/DUBAI (Reuters) – Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western s…
Carlsberg joins rival Heineken in quitting Russia, faces big hit
COPENHAGEN (Reuters) -Carlsberg will exit the Russian market and take a “substantial” non-cash impairment charge, the Danish brewer said on Monday, the latest Western company to exit amid mounting pressure on Russia following its invasion of Ukraine. D…
Huawei ‘more united’ in face of U.S. pressure, says repatriated CFO
By Josh Horwitz SHANGHAI (Reuters) – U.S. pressure on Huawei Technologies has served to strengthen the resolve of the Chinese telecoms giant, finance chief Meng Wanzhou said on Monday after its first set of results since her return from nearly three ye…
Shanghai locks down as COVID surges in China’s financial hub
By Andrew Galbraith and David Stanway SHANGHAI (Reuters) -China’s financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surgin…
Dollar hits 6-year high vs yen as BOJ moves against rising bond yields
By John McCrank NEW YORK (Reuters) -The dollar hit a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S. Treasury yields soared to new multi-year highs, highlighting a divergence between the BOJ and othe…
NatWest bank returns to majority private control
LONDON (Reuters) – Britain’s government’s stake in NatWest Group has fallen to below 50%, returning the lender to majority private control for the first time since it was bailed out by taxpayers at the height of the global financial crisis over a decad…
Oil slides about 7% on concerns of weaker Chinese demand
By Stephanie Kelly NEW YORK (Reuters) -Oil prices tumbled about 7% on Monday after China’s financial hub of Shanghai launched a lockdown to curb a surge in COVID-19 infections, prompting renewed fears of demand destruction. Brent crude futures fell $8….