Control of Commerzbank ‘not the expected scenario’

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images UniCredit CEO Andrea Orcel told CNBC Tuesday that he does not foresee a future where the Italian lender fully controls Commerzbank. Orcel’s comments came as the Italian lender’s tender offer to raise its stake…

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DOJ takes step to wind down Powell probe

Welcome to The Hill’s Business & Economy Newsletter {Beacon} Business & Economy Business & Economy The Big Story DOJ asks judge to vacate Fed subpoenas decision U.S. Attorney Jeanine Pirro asked a court on Monday to vacate her decision to vacate two subpoenas in the criminal investigation of Federal Reserve Chairman Jerome Powell, arguing that……

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Stoxx 600, FTSE, DAX, Iran war news, oil prices

A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments…

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Gas prices rise 30 cents in past week

Domestic gas prices have increased by more than 30 cents in the past week, as the US military on Monday began efforts to block commercial ships through the Strait of Hormuz. The national average price of a gallon of regular gas is more than $4.45 as of Monday, according to AAA. That means more than…

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American pilots union chief says United CEO’s merger idea showed ‘bold vision’

An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on Aug. 24, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images The head of American Airlines‘ pilots union told members that United Airlines CEO Scott Kirby’s merger idea showed the kind of “bold vision” the carrier needs, even as the union stopped…

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