Telecom Italia Starts Debt Exchange With €5 Billion Notes
Telecom Italia SpA has started an offer to move some of its euro and dollar denominated bonds to the unit that’s set to buy the firm’s network.
Telecom Italia SpA has started an offer to move some of its euro and dollar denominated bonds to the unit that’s set to buy the firm’s network.
Raiffeisen Bank International AG said it expects the European Central Bank to order a significant reduction of its Russian operations, potentially threatening ambitions to sell the unit.
As Ukraine’s ammunition stocks dwindle some of the country’s biggest allies are expressing growing concern that it may not be able to defend itself for much longer against Russia’s invasion. Group of Seven foreign ministers gathering on the Italian island of Capri will call for stronger support.
A unit of troubled German financier Lars Windhorst’s luxury lingerie firm La Perla stopped paying the salaries of two directors in the UK late last year, with one of them alleging that the lack of income had caused “stress and disaster” to their lives.
Nigeria’s cocoa planting and mid-crop harvest will be disrupted as the Hydrological Service Agency has warned of heavy flooding in the country’s main cocoa growing areas.
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