Wirecard collapse leads to call for German parliamentary inquiry

[ad_1] By Andreas Rinke, Neil Jerome Morales BERLIN/MANILA (Reuters) – Germany’s opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud…

TUI secures third bailout in COVID travel slump survival battle

[ad_1] By Arno Schuetze, Michael Nienaber, Klaus Lauer FRANKFURT/BERLIN (Reuters) – TUI secured a third bailout on Wednesday, striking a deal with the German government, private investors and banks for…

German state ready to buy company stakes to protect core industry

[ad_1] By Paul Carrel, Michelle Martin BERLIN (Reuters) – Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its Economy Minister said on Tuesday, presenting a…

Ferrari and Ray-Ban deemed a safer bet than Italian government bonds

[ad_1] By Alasdair Pal, Abhinav Ramnarayan LONDON (Reuters) – Italy’s luxury carmaker Ferrari and Exor, the owners of Juventus football club, are among a host of companies that can now…

DS Smith to buy Romanian packaging and paper business in $245 million deal

[ad_1] (Reuters) – Britain’s DS Smith Plc SMDS.L said on Wednesday it would acquire a Romania-based paper and packaging business for an enterprise value of about 208 million euros ($244.6…

Intesa offers to buy Veneto banks’ healthy assets for 1 euro

[ad_1] By Silvia Aloisi, Andrea Mandala MILAN (Reuters) – Italy’s biggest retail bank Intesa Sanpaolo ISP.MI on Wednesday set tough conditions on an offer to buy the healthy assets of…

Financially distressed Aeromexico gets $50 million lifeline

[ad_1] FILE PHOTO: A logo of Aeromexico is pictured inside Benito Juarez international airport in Mexico City, Mexico July 31, 2018. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexican airline Aeromexico…

Bank of England delays report on health of UK banks to Aug. 6

[ad_1] FILE PHOTO: People wearing masks walk past the Bank of England, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 23, 2020. REUTERS/Toby Melville LONDON…

G4S open to offers for cash business after split approved

[ad_1] By Justin George Varghese, Yadarisa Shabong (Reuters) – G4S GFS.L will look at offers for all or part of its cash transport business after its board approved hiving it…

Former Italian minister raises 600 million euros in bank acquisition project

[ad_1] MILAN (Reuters) – Veteran Italian banker and former Industry Minister Corrado Passera topped expectations by raising 600 million euros (£526 million pounds) from investors with the aim of acquiring…