Banco BPM says UniCredit’s takeover offer does not reflect its profitability

A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024.  Bloomberg | Bloomberg | Getty Images Italian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability. The 10 billion-euro ($10.52 billion) bid presented by UniCredit on Monday was not previously agreed … Read more

Investors’ euro zone inflation expectations fall below 2% for first time since 2022 By Reuters

By Harry Robertson LONDON (Reuters) – A key gauge of the market’s long-term euro zone inflation expectations fell below 2% for the first time since July 2022 on Tuesday, a sign investors think faltering growth means inflation could undershoot the European Central Bank’s target. The five-year, five-year forward inflation swap fell to 1.9994%, LSEG data … Read more

Russia expels British diplomat over espionage claims, reports say

Russia has expelled a British diplomat after accusing him of espionage, according to reports. The TASS news agency cited Russian foreign ministry spokeswoman Maria Zakharova as saying that the ministry had also summoned the British ambassador. Footage shows the British ambassador’s car pulling up to the Ministry of Foreign Affairs in Moscow. The UK Foreign … Read more