European shares gain on Ukraine hopes; Volkswagen surges on strong results

European stocks rose on Monday, clinging to hopes of diplomatic efforts by Ukraine and Russia to end weeks-long conflict, while shares in Volkswagen surged after the German carmaker doubled its operating profit.

newspaper

14-03-2022

Russian law creates new hurdle for foreign plane lessors

(Reuters) -A law allowing Russian airlines to register inside Russia planes leased from abroad came into force on Monday, creating a new obstacle for leasing firms and lenders seeking to repossess more than 500 jets before sanctions kick in.

newspaper

14-03-2022

German oil lobby says imports from Russia being reduced

German refineries have started reducing imports of Russian crude and oil products, a domestic industry group said on Monday, adding that the adjustment would not threaten domestic supply.

newspaper

14-03-2022

Ford doubles down on electric vehicle push in Europe

U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent.

newspaper

14-03-2022

Germany's Allianz halts new business in Russia

The German insurer and asset manager Allianz said on Monday that it had put a stop to insuring new business in Russia and was no longer investing in the nation for its own portfolio.

newspaper

14-03-2022

Telecom Italia shares rise on KKR, Open Fiber overtures

MILAN (Reuters) -Telecom Italia shares rose on Monday after Italy's biggest phone group said it would pursue a domestic broadband deal, while also engaging in talks with KKR over the U.S. fund's 10.8 billion euro ($12 billion) takeover approach.

newspaper

14-03-2022

Ford doubles down on electric push in Europe

FRANKFURT (Reuters) -U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of an aggressive electric vehicle (EV) push on the continent.

newspaper

14-03-2022

India indicates readiness to release more oil reserves

New Delhi (Reuters) -India will take "appropriate" steps to calm the rise in oil prices, triggered by Russia's invasion of Ukraine, the junior oil minister said on Monday, indicating the country could release more oil from national stocks if required.

newspaper

14-03-2022

Kering boosts eyewear division with Maui Jim label

Gucci owner Kering is bolstering its high-end eyewear division with a deal to buy U.S.-based label Maui Jim, the French luxury group said Monday.

newspaper

14-03-2022