German authorities search BNY Mellon bank in cum-ex probe
German authorities searched the Frankfurt office of bank BNY Mellon (BK.N) on Tuesday in connection with an ongoing investigation into the multi-billion euro tax fraud…
Category: Business
Italy to press ahead with plans to sell ITA despite MSC snub
Italy’s government will press ahead with plans to sell a majority stake in airline ITA Airways, the successor to Alitalia, Economy Minister Giancarlo Giorgetti said…
American Eagle beats quarterly sales estimates on strong demand for dresses
American Eagle Outfitters Inc (AEO.N) on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer…
Analysis: Mexican companies could resort to more spinoffs to enhance market value
Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely in the…
Musk says Twitter to hold off relaunching blue check verification
Twitter’s new owner Elon Musk said on Monday the social media company is holding off the relaunch of its blue check subscription service, a delay…
SocGen and Alliance Bernstein to launch global equities venture
Societe Generale (SOGN.PA), France’s third-biggest listed bank, and U.S. investment management company Alliance Bernstein (AB.N) plan to form a joint venture focusing on global cash…
ECB set to raise deposit rate 50 bps as euro zone enters recession -economists
The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next month as it worries rapid price…