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Fri, 06 Dec 2024 12:58:42 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.globalbankingandfinance.com/macron-defying-calls-to-resign-struggles-on-in-search-for-stable-french-government/ Fri, 06 Dec 2024 12:58:42 +0000 https://www.globalbankingandfinance.com/?p=805342 By Benoit Van Overstraeten PARIS (Reuters) – President Emmanuel Macron on Friday began his latest search for a new prime minister to lead France’s unruly parliament, after rejecting demands he quit to end a crisis he said was driven by the far right and extreme left’s “anti-republican front.” In a prime time address on Thursday, […]]]> https://www.globalbankingandfinance.com/investors-set-to-vote-on-vivendis-breakup-gamble/ Fri, 06 Dec 2024 12:35:26 +0000 https://www.globalbankingandfinance.com/?p=805350 By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) – Vivendi will seek shareholder approval on Monday for a proposed break-up of the French media conglomerate, facing opposition from an activist investor who says the deal only benefits its top shareholder, the Bollore group. The group led by Yannick Bollore is backing a proposal […]]]> https://www.globalbankingandfinance.com/rattled-by-china-west-scrambles-to-rejig-critical-minerals-supply-chains/ Fri, 06 Dec 2024 12:20:12 +0000 https://www.globalbankingandfinance.com/?p=805296 By Amy Lv, Divya Rajagopal and Ernest Scheyder BEIJING/TORONTO/LONDON (Reuters) – China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing’s curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of […]]]> https://www.globalbankingandfinance.com/world-food-prices-reach-19-month-high-in-november-un-says/ Fri, 06 Dec 2024 12:05:00 +0000 https://www.globalbankingandfinance.com/?p=805219 LONDON (Reuters) – The United Nations’ world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday. The price index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the most […]]]> https://www.globalbankingandfinance.com/aviva-set-to-buy-direct-line-to-create-21-billion-british-insurer/ Fri, 06 Dec 2024 11:45:20 +0000 https://www.globalbankingandfinance.com/?p=805109 By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached […]]]> https://www.globalbankingandfinance.com/uks-ftse-100-slips-on-utilities-losses-indexes-set-for-weekly-gains/ Fri, 06 Dec 2024 11:30:45 +0000 https://www.globalbankingandfinance.com/?p=805117 (Reuters) – The UK’s benchmark FTSE 100 edged lower on Friday, pressured by losses in defence stocks and utilities, while Direct Line jumped after Aviva agreed to buy the insurer. The blue-chip FTSE 100 was down 0.1%, while the midcap FTSE 250 was up 0.3% at 0945 GMT. Both indexes are on track to log […]]]> https://www.globalbankingandfinance.com/norways-wealth-fund-can-start-selling-russian-stocks-finance-ministry-says/ Fri, 06 Dec 2024 11:14:33 +0000 https://www.globalbankingandfinance.com/?p=805100 By Gwladys Fouche OSLO (Reuters) -Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, can start selling stocks it holds in Russian companies, as long as it complies with international sanctions, the deputy finance minister told Reuters on Friday. “Permission to sell the fund’s Russian stocks is given on the condition that the sale can […]]]> https://www.globalbankingandfinance.com/britains-guardian-group-agrees-to-sell-observer-newspaper-to-tortoise-media/ Fri, 06 Dec 2024 10:59:33 +0000 https://www.globalbankingandfinance.com/?p=805073 LONDON (Reuters) -Britain’s Guardian Media Group (GMG) and its owner the Scott Trust have agreed to sell The Observer, the world’s oldest Sunday newspaper, to startup Tortoise Media, the two groups said on Friday. The Scott Trust will also take a minority stake in Tortoise as part of the deal and a representative will join […]]]> https://www.globalbankingandfinance.com/euro-zone-productivity-growth-remains-weak-in-q3-data-shows/ Fri, 06 Dec 2024 10:47:42 +0000 https://www.globalbankingandfinance.com/?p=805047 FRANKFURT (Reuters) – Euro zone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed on Friday. Per capita productivity was unchanged compared to the same quarter a year earlier while it expanded by 0.5% based on […]]]>