Discovery shareholders approve WarnerMedia acquisition

Discovery Inc shareholders voted Friday to approve the media company's $43 billion merger with WarnerMedia, moving the deal one step closer to completion.

newspaper

11-03-2022

Exclusive-Sri Lanka to start talks with IMF on debt restructuring - sources

COLOMBO (Reuters) -Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, including assistance with debt restructuring and managing its foreign exchange shortage, three sources said on Friday.

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11-03-2022

Mercedes-Benz says Russian nationalisation could threaten $2.2 billion in assets

Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalise the property of foreign firms that leave because of its invasion of Ukraine, the German premium carmaker said.

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11-03-2022

Cargill to scale back business in Russia, keep open food and animal feed facilities

(Reuters) -Global farm commodities trader Cargill Inc said on Friday it was scaling back its business activities in Russia and has stopped investments in the country, but would continue to operate "essential" food and animal feed facilities there.

newspaper

11-03-2022

How much extra oil could OPEC+ pump to cool prices?

Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output, help offset supply losses from Russia or elsewhere and ease prices, analysts say.

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11-03-2022

Brazil central bank announces tougher rules for fintechs

Brazil's central bank announced on Friday tougher rules for fintechs, saying that payment institutions will now be subject to regulations based on their size and complexity, and it also increased the standards for required capital.

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11-03-2022

Generali struggle intensifies as investor plots own CEO candidate

Generali's second-biggest investor, construction tycoon Francesco Gaetano Caltagirone, plans to put forward his own candidate to lead Italy's biggest insurer, challenging the reappointment of chief executive Philippe Donnet.

newspaper

11-03-2022

Oil set for weekly loss as supply remedies emerge

Oil prices went in and out of positive territory Friday and were headed for their biggest weekly decline since November as traders looked towards ways in which disruptions of Russian oil supply could be remedied in a tight market.

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11-03-2022

Eyewear maker EssilorLuxottica looks beyond pandemic as sales continue to rebound

(Reuters) -The world's biggest eyewear company EssilorLuxottica reported strong sales growth in the fourth quarter, rising further above pre-pandemic levels and boosted by its performance in the United States and its GrandVision acquisition.

newspaper

11-03-2022