Midday Corporate Dispatch – Financial and Corporate News
7311 Min Read
Italy will lower its structural deficit next year and is not seeking favors from the European Union, Prime Minister Giuseppe Conte has written in a letter to EU leaders as he seeks to head off sanctions over state finances. – ANSA
Russian oil producer Lukoil’s chief executive officer said on Thursday that the fate of the global output deal between OPEC and its allies remained unclear and that even Russian companies did not have a unified position on it. – Reuters
U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday. – NYT/Reuters
GlaxoSmithKline has offered concessions to address EU antitrust concerns over its planned joint venture with Pfizer’s consumer health business, the European Commission said on Thursday. – Reuters
Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20. – Reuters
The Malta Business Weekly reports that the Irish exchequer is poised to lose tens of millions in tax revenues after the decision by Ryanair to shift control of aircraft for its operating bases in Italy, France and Germany from Ireland to Malta.
