Mediobanca’s takeover defence thwarted as shareholders reject Banca Generali deal

By Elvira Pollina and Andrea Mandala MILAN (Reuters) -Mediobanca shareholders rejected a plan to buy Banca Generali on Thursday, dealing a blow to the Italian merchant bank’s attempts to thwart a hostile takeover by state-backed Monte dei Paschi di Siena (MPS). The bid battles are among a series of deals which have been reshaping Italy’s …

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Departamento de Justicia de EEUU investigará a Cook, de la Fed, y pedirá su destitución: Bloomberg

21 ago (Reuters) – El Departamento de Justicia de Estados Unidos planea investigar a la gobernadora de la Reserva Federal, Lisa Cook, y un alto funcionario infromó al presidente de la Reserva Federal, Jerome Powell, de la pesquisa y le ha animado a destituirla del consejo, informó Bloomberg News el jueves. Una carta a Powell …

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South African rand slips as investors focus on Fed symposium

JOHANNESBURG (Reuters) -The South African rand weakened on Thursday, as investors looked to the U.S. Federal Reserve’s annual Jackson Hole symposium for clarity on the economic outlook and policy direction. At 1601 GMT the rand traded at 17.7550 against the dollar, 0.5% weaker than its previous close. “Interestingly, neither the Fed minutes nor the domestic …

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European shares steady with Fed’s summit in focus; US-EU lock in trade deal

By Twesha Dikshit and Sukriti Gupta (Reuters) -European equities were subdued on Thursday as investors awaited updates from the Federal Reserve’s Jackson Hole symposium, while the United States and European Union locked in a framework trade deal reached last month. The pan-European STOXX 600 index was flat at the close, while major bourses were mixed. …

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Mercado del cobre registra superávit de 36.000 toneladas métricas en junio: ICSG

21 ago (Reuters) – El mercado mundial de cobre refinado registró un superávit de 36.000 toneladas métricas en junio, frente al superávit de 79.000 toneladas métricas del mes previo, informó el Grupo Internacional de Estudios del Cobre (ICSG).  En los seis primeros meses del año, el mercado registró un superávit de 251.000 toneladas métricas, frente …

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Activist investor wants review at Gerresheimer after taking stake

MUNICH (Reuters) -Active Ownership, a major shareholder in Gerresheimer, said on Thursday it saw major potential for value creation at the German packaging and medical equipment specialist and called for a strategic review, a second activist investor to do so. “Active Ownership expressly welcomes the planned sale process for the moulded glass division and calls …

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FTSE 100 closes at record high for third straight day, focus on Jackson Hole

By Ragini Mathur (Reuters) -Britain’s FTSE 100 closed at a record high for the third straight day on Thursday with healthcare stocks leading the gains, while fresh economic data reinforced signs of resilience in the UK economy. The blue-chip FTSE 100 <.FTSE 100> closed up 0.2%, reversing losses earlier in the session. Meanwhile, the midcap …

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UK blocks Versarien asset sale to Chinese-linked joint venture on security grounds

LONDON (Reuters) -Britain blocked the proposed acquisition of graphene-related assets owned by Versarien Plc by a joint venture involving China’s Anhui Boundary Innovative Materials Technology, citing national security concerns. The final order, made by senior minister Pat McFadden and published in an update on the government’s website, prevents the transfer and use of both tangible …

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Firefighter injured in Portugal blaze as crew flees wall of fire

LISBON (Reuters) -A Portuguese firefighter suffered severe burns on Thursday in one of the wildfires ravaging central and northern parts of the country when the blaze suddenly changed direction and engulfed his fire engine, the civil protection authority said. A video posted online showed at least three firefighters in the Valverde area running away from …

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