MUNICH (Reuters) – European regulators have imposed 114 million euros ($126 million) in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country. A report by law firm DLA Piper said... More »
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. ... More »
NAIROBI (Reuters) – Ethiopia will award two telecoms licenses to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. Th... More »
BRUSSELS (Reuters) – Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. However, the EU executive arm, whose job is... More »
MILAN (Reuters) – It would be hard to disprove the case for a high-speed rail link between Italy and France, Italy’s economy undersecretary Massimo Garavaglia said on Monday in an interview with the daily Il Corriere della Sera. Italy’s government has asked a ... More »
PARIS (Reuters) – The French government will not put off planned asset sales aimed at financing an innovation fund, French Finance Minister Bruno Le Maire said on Monday. The French media has recently raised the possibility that plans to sell down stakes in ai... More »
PARIS (Reuters) – Striking French rail workers disrupted train services for the ninth day this month on Monday, turning a deaf ear to the centrist government’s insistence that the state-run SNCF and other neglected public services are in need of reform. The ro... More »
MILAN (Reuters) – Vivendi has been an “awful” investor in Telecom Italia (TIM), Italy’s outgoing Industry Minister Carlo Calenda told daily la Repubblica on Monday, as the French media company fights to keep its grip on Italy’s biggest phone group. “I am in fa... More »
FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraa... More »
WARSAW (Reuters) – Poland’s anti-corruption agency arrested six people, including a former deputy treasury minister, in an investigation into the previous government’s privatization of chemical firm Ciech, state news agency PAP reported on Monday. The agency l... More »
FILE PHOTO: Sabeco’s Saigon beers are display for sale in a market in Hanoi, Vietnam April 17, 2017. Picture taken April 17, 2017. REUTERS/Kham/File Photo Ho CHI MINH CITY/SINGAPORE (Reuters) – Thai Beverage (TBEV.SI), through a local unit, won the rights to b... More »
Bottles of Sabeco’s Saigon beer are seen at a restaurant bar in Hanoi, Vietnam December 18, 2017. REUTERS/Kham HO CHI MINH CITY (Reuters) – A unit of Thai Beverage (TBEV.SI) won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco SAB.HM in... More »
MOSCOW (Reuters) – Former Russian economy minister Alexei Ulyukayev was found guilty of soliciting a $2 million bribe from Rosneft (ROSN.MM) chief executive Igor Sechin and sentenced to eight years in jail on Friday. The high-profile court case shone a rare li... More »
Social Democratic Party (SPD) members vote during an SPD party convention in Berlin, Germany, December 7, 2017. REUTERS/Fabrizio Bensch BERLIN (Reuters) – A senior member of Germany’s Social Democrats (SPD) said her party would start exploratory talks next wee... More »
FILE PHOTO: Cans of beer move along a production line at a factory of Saigon Beer Corporation (Sabeco) in Hanoi, Vietnam June 23, 2017. REUTERS/Kham/File Photo SINGAPORE (Reuters) – Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from pot... More »
India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalize banks, an adviser to the prime minister said on Tuesday. More »
State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. More »
The French government, which owns an 11 percent stake in Airbus, welcomes the airplane maker's deal for a majority stake in Bombardier's CSeries jet program, Finance Minister Bruno Le Maire said on Tuesday. More »
The last privately owned Leonardo da Vinci painting and one of fewer than 20 by the Renaissance artist known to still exist is hitting the auction block, Christie's announced on Tuesday. More »
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. More »
Carlsberg (CARLb.CO) is keen on expanding its stake in Habeco BHN.HM, one of Vietnam's biggest brewers, to at least 51 percent, a local news website reported, citing a Habeco executive. More »
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS/Yuri Gripas Overhauling land legislation will be key for Ukraine’s next review by the International Monetary Fund (IMF) and shou... More »
Ukraine could unlock some $50 billion of collateral for lending to the country’s agricultural industry by overhauling its land legislation, Francis Malige, Managing Director at the European Bank for Reconstruction and Development (EBRD), said on Friday. More »
FILE PHOTO: Brazil’s billionaire businessman Joesley Batista leaves the Federal Police headquarters after giving testimony, in Brasilia, Brazil June 21, 2017. REUTERS/Adriano Machado/File photo Bernal More »
FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holding... More »
Greek Finance Minister Euclid Tsakalotos speaks during a news conference at the Ministry of Finance in Athens, Greece March 30, 2017. REUTERS/Alkis Konstantinidis Euro zone deputy finance ministers have recommended that Greek bailout review talks continue in A... More »
FILE PHOTO: Turkish lira banknotes are seen in this photo illustration shot January 7, 2014. REUTERS/Murad Sezer/Illustration/File Photo Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to cre... More »
Turkey’s Finance Minister Naci Agbal is pictured during an interview with Reuters in Ankara, Turkey, September 27, 2016. REUTERS/Umit Bektas Foreign banks and sovereign wealth funds are interested in working with Turkey’s newly formed wealth fund, which is lik... More »
China’s highest court has outlined conditions under which “zombie enterprises” will be allowed progress towards claiming bankruptcy, the official Xinhua said on Monday. More »
Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fu... More »
General view at the STX Les Chantiers de l’Atlantique shipyard site in Saint-Nazaire, western France, October 20, 2016. REUTERS/Stephane Mahe The French government has told South Korea it will oppose any solution for shipbuilder STX France that is against nati... More »
An empty reception area at Falcon Private Bank office in Singapore October 11, 2016. REUTERS/Edgar Su Abu Dhabi investment firm Aabar Investments [INPTVA.UL] said on Tuesday it was fully behind its Falcon Private Bank unit after it was sanctioned in relation t... More »
A graffiti-covered fragment of the Berlin Wall signed by U.S. President Ronald Reagan is shown in this image released by Christie’s Auctions in New York, U.S. on September 23, 2016. CHRISTIE’S IMAGES LTD. 2016/Handout via REUTERS A chunk of the Berlin Wall and... More »
Shipping containers and cranes are seen at a port holding yard in Melbourne in this June 2, 2010 file photo. REUTERS/Mick Tsikas/Files Chinese and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia’s busiest ... More »
A screen displays stock charts while a trader works at his post on the floor at the New York Stock Exchange, May 30, 2013. REUTERS/Brendan McDermid With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. ... More »
Berkshire Hathaway Inc Chairman Warren Buffett is backing a consortium vying for Yahoo Inc’s internet assets that includes Quicken Loans Inc founder Dan Gilbert, people familiar with the matter said on Friday. While there is no certainty that the consortium wi... More »
DHAHRAN Saudi Aramco is in the final stages of preparing options for its initial public offer of shares before presenting the options soon to its Supreme Council for consideration, chief executive Amin Nasser said on Tuesday. Aramco has a huge team working on ... More »
JAGODINA, Serbia Ultra-nationalists are set to return to Serbia’s parliament in an April 24 election after an absence of several years, boosted by growing discontent with Prime Minister Aleksandar Vucic’s pro-European Union stance and austerity policies. They ... More »
Playboy Enterprises [ICONAP.UL], the owner of Playboy magazine, is exploring a sale, a source familiar with the matter told Reuters, in a move that comes after the storied magazine stopped publishing nude photos of women and put up the iconic Playboy Mansion u... More »
NEW YORK/LONDON Thomson Reuters Corp is open to selling its intellectual property and science business in two or three parts to facilitate a divesture that could raise more than $3 billion, according to people familiar with the matter. The news and data provid... More »
Viacom Inc (VIAB.O) is considering selling a “significant” minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday In the face of weak advertising sales and poor ratings at its cable networks, investors have been ... More »
TOKYO Japanese chipmaker Renesas Electronics Corp’s (6723.T) CEO said an acquisition by Germany’s Infineon Technologies (IFXGn.DE) was unlikely as he believed its top shareholder, a government-backed fund, would not sell a majority stake to a foreign buyer. Th... More »
LONDON Britain is considering selling the Channel 4 public broadcaster as part of its drive to pay down debt, a government official has accidentally revealed. An official was photographed on Thursday outside No. 10 Downing St, the residence of Prime Minister D... More »
ATHENS Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the daunting task of building consensus in a fractious society traumatized by years of austerity, local media said on Monday. On the morning... More »
BEIJING Chinese Premier Li Keqiang has called for state-owned enterprises (SOEs) to press ahead with mergers and acquisitions to improve their competitiveness and for the disposal of “zombie” enterprises, the official Xinhua news agency said late on Sunday. St... More »
BEIJING China issued some details on Sunday on plans to reform state-owned enterprises (SOEs), including the introduction of “mixed ownership” by bringing in private investment, and said it expected decisive results by 2020. Reform of mammoth state-owned firms... More »
ATHENS Prime Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone. The comments were the latest in a series of unusuall... More »
LONDON Lloyds (LLOY.L) is due to set out its dividend plans next week, including how and when it might return surplus capital to shareholders, making the stock more attractive ahead of a planned sale of some of the government’s shares to retail investors, indu... More »
BRUSSELS Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit. “Euro summit has unanimously reached agreement. All ready t... More »
BRUSSELS Euro zone leaders at a summit in Brussels were reviewing a draft proposal from their finance ministers that sets out conditions for Greece to open negotiations on a bailout. The following is a summary of the paper, seen by Reuters. * Greece to pass by... More »
BRUSSELS Euro zone leaders at a summit in Brussels were reviewing a draft proposal from their finance ministers on Sunday that sets out conditions for Greece to open negotiations on a bailout. Following is the draft of the paper, seen by Reuters. Square bracke... More »
ATHENS With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again. The island’s biggest selling newssheet, Emp... More »
