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Talgo’s top shareholder in talks with Stadler over takeover bid, report says
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Home improvement retailer Kingfisher warns on profit outlook
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Analysis-Spain’s battle of the banks as BBVA narrows gap to Santander
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Analysis-Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers
Oil rises as heightened geopolitical risks exacerbate supply concerns
Date: March 25, 2024
Oil rises as heightened geopolitical risks exacerbate supply concerns By Yuka Obayashi TOKYO (Reuters) – Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure....
Australia’s ANZ Group to settle credit cards class action for $37.4 million
Date: March 25, 2024
Australia’s ANZ Group to settle credit cards class action for $37.4 million (Reuters) – Australia’s ANZ Group said on Monday it had agreed to settle a class action suit related to interest charged on personal credit cards for A$57.5 million ($37.44 million). The settlement is without admission of liability and remains subject to court approval,...
Allianz Trade in Hong Kong celebrates 25 years of success
Date: March 22, 2024
From a small office of six to the largest private trade credit insurer in town Allianz Trade in Hong Kong was pleased to celebrate its 25-year anniversary yesterday, hosting a glittering dinner event which was well attended by nearly 100 guests including business and media partners. Known as Hermes Credit Underwriters (“Hermes”) at the time,...
Thousands of Spanish bank staff strike to demand pay rise, union says
Date: March 22, 2024
Thousands of Spanish bank staff strike to demand pay rise, union says MADRID (Reuters) – Around 60,000 banking employees across Spain went on strike on Friday to demand pay rises they see as justified after big lenders such as Santander booked record profits last year. Trade union CCOO said that 75.8% of the country’s roughly...
Air Europa says customer data may have been compromised in October breach
Date: March 22, 2024
Air Europa says customer data may have been compromised in October breach (Reuters) -Spanish airline Air Europa said on Friday personal data of its customers may have been compromised in a security incident that was detected in October last year. The company’s investigation showed that name, ID card or passport details, date of birth, telephone...
Santander expects over 6 billion euros in dividends, buybacks on solid 2024 start
Date: March 22, 2024
Santander expects over 6 billion euros in dividends, buybacks on solid 2024 start By Jesús Aguado MADRID (Reuters) -Spain’s Santander said on Friday it expected to pay more than 6 billion euros ($6.50 billion) in dividends and share buybacks against 2024 results as part of its current dividend policy of distributing half of its earnings...