Notizia

Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said on Wednesday, as Western nations tighten their grip around Moscow's economy.

U.S. investment firm KKR is keeping its request to access Telecom Italia's data for a due diligence analysis before it can formalise its takeover bid, a person close to the matter said.

Credit Suisse Group said on Wednesday that a court in Bermuda was poised to rule against a local life insurance subsidiary of the Swiss bank that could potentially total more than $500 million.

ABOARD AIR FORCE ONE (Reuters) -The Biden administration, seeking to deter China from aiding sanctions-hit Russia, on Wednesday warned Beijing not to take advantage of business opportunities created by sanctions, help Moscow evade export controls or process its banned financial transactions.

PARIS (Reuters) -Renault on Wednesday said it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country's number one carmaker.

WASHINGTON (Reuters) -The United States will "absolutely" enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could "essentially shut them down," Commerce Secretary Gina Raimondo said on Wednesday.

U.S. national security adviser Jake Sullivan on Wednesday laid out some broad guidelines about the types of Chinese support for Russia that would warrant a response from the United States, after warning Beijing last week of potential dire consequences.

German growth will be weaker than expected this year due to the effects of Russia's invasion of Ukraine which will also push up inflation in Europe's biggest economy, the Ifo institute said on Wednesday.

Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed.