Monthly Archives: June 2017

Italy winds up Veneto banks, deal could cost up to 17 billion euros

MILAN/ROME (Reuters) - Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).

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Push on with the ‘great unwinding’, BIS tells central banks

LONDON (Reuters) - Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.

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Etihad allows flyers to bid to keep adjacent seats empty

THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Abu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block up to three berths, and the chance to stretch out a bit.

Anyone who regularly suffers the ignominy of economy-class flying knows that there is no finer feeling than discovering that a flight is half empty and that there is no need to sit cheek-by-jowl with fellow members of the hoi polloi. Most travellers can recount with glee a journey in which they found they had an entire row to themselves, could raise the armrests, and sleep soundly and horizontally for the duration of the flight. It is surely the only time that it is preferable to have a booked ticket in the middle column of seating. (A particularly pleasing Continue reading

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Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says

CARACAS (Reuters) - Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on S...

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Internal dossier criticises Audi top management: Bild

FRANKFURT (Reuters) - German luxury carmaker Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.

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Italian government decree for Veneto banks delayed to Sunday: source

MILAN (Reuters) - An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.

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CEO of Raytheon’s Forcepoint eyes IPO: Boersen-Zeitung

FRANKFURT (Reuters) - U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

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CEO of Raytheon’s Forcepoint eyes IPO: Boersen-Zeitung

FRANKFURT (Reuters) - U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

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British lawmakers hit by ‘sustained’ cyber attack

LONDON (Reuters) - Britain's parliament was hit by a "sustained and determined" cyber attack on Saturday designed to identify weak email passwords, just over a month after a ransomware worm crippled parts of the country's health service.

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