The European Central Bank is concerned about the banking credentials of ‌the executive put forward by Monte dei Paschi di Siena's board to become CEO, a person with direct knowledge of the matter told Reuters. The ECB's concerns about the banking experience of Fabrizio Palermo, the current CEO of Rome utility ACEA , would carry weight in the assessment that the central bank will ​perform if Palermo is elected next month to head Italy's third-largest lender - and could lead the ECB to attach ​conditions.

Battle lines are drawn, as Ottawa crafts new regulations that will tackle road pollution by Canadian drivers – and go some distance toward shaping the country’s automotive market for the next decade. Since Prime Minister Mark Carney announced in early February that his government would jettison his predecessor Justin Trudeau’s requirement that electric vehicles make up a growing share of all car sales, federal officials have been working toward a replacement policy supposed to be drafted by summer. The policy is to be a renewed emphasis on tailpipe standards, which set industry-wide requirements for reducing greenhouse-gas emissions per vehicle and involve more flexible compliance approaches than just transitioning to EVs.

Two domestic pension funds have made the final round of bidders for Regina-based property registry Information Services Corp. in an auction where support for the Saskatchewan economy is as important as offering the highest price. Plenary Americas, an infrastructure investment arm of the Caisse de dépôt et placement du Québec, and the Ontario Municipal Employees Retirement System are expected to make offers for ISC ahead of an April 1 deadline, according to two sources with knowledge of the process. The Globe and Mail is not naming the sources because they are not permitted to speak for the companies. Spokespersons for ISC, Plenary Group and OMERS declined to comment.

A number of pharma companies are hurtling toward a patent cliff that will trigger significant revenue losses once exclusivity expires on their best-selling products. With substantial dry powder on hand, many are leaning on M&A in 2026 to replenish their depleted R&D ​pipelines and keep revenues steady or rising. Biotechs and biopharmas that survived the tight funding market and recent FDA shake-ups may now be attractive M&A targets. However, pharma companies are looking for ‌more than just a promising asset. With the fast-approaching patent cliff, many pharma companies are targeting late-stage or de-risked assets that can be quickly integrated into existing development and manufacturing platforms, as well as into their established commercial sales forces.

More than two dozen ships sanctioned for being part ​of Russia's so-called shadow fleet have passed through UK waters since Prime Minister Keir Starmer last week authorised the military to detain ‌vessels used by Moscow to export oil. The figures based on ship tracking data analysed by Reuters show that oil tankers sanctioned by Britain are continuing to travel along England's southern coast in the same numbers as before the announcement.

“This is an elegant way for the company to get out of this mess,” said François Dauphin, president of Montreal’s Institute for Governance of Private and Public Organizations. It would have been difficult to justify firing Mr. Rousseau based on his lack of judgment and terminating him without cause would have triggered a hefty payout, Mr. Dauphin said. A voluntary departure, perhaps at the nudging of directors, thus became the obvious option, he said.

Cinq ans plus tard, le C.A. a failli à la tâche sur cet aspect, estime François Dauphin. « On a pu voir que c’est une préoccupation constante dans la société, observe-t-il. Cela devrait se refléter avec M. Rousseau. C’est le conseil qui doit établir la trajectoire pour corriger le tir. »

Soaring oil ​prices could boost offshore development and accelerate a comeback of the H225 Super Puma, 10 years after a safety crisis, ‌the outgoing head of Airbus Helicopters said. The Super Puma was grounded for six months following a 2016 crash in which the main rotor blades separated, killing 13 people returning from a Norwegian oil platform. Offshore operators in Brazil, Nigeria and Asia are using the redesigned H225 but North Sea operators continue to shun the helicopter, whose ​roots date back to the 1970s oil shock.

WASHINGTON, March 30 (Reuters) - Federal Reserve officials eager to keep inflation psychology in check and maintain control over prices face a challenge as household expectations rise alongside the cost of gasoline and doubt edges into bond markets in the form of rising yields on U.S. Treasury securities. Until the U.S.-Israeli war with Iran pushed the price of oil up more than 50% over four ​weeks, U.S. central bankers were largely comfortable that public inflation expectations, particularly those regarding the longer-term outlook for prices, were "anchored" and consistent with the Fed's 2% inflation target - evidence of faith in ‌their commitment and ability to meet their inflation goal.

TEL AVIV/WASHINGTON/ISLAMABAD March 30 (Reuters) - Iran described U.S. proposals to end a month of war ​in the Middle East as "unrealistic, illogical and excessive" on Monday and unleashed more missiles on Israel, as oil prices rose further after Yemen's Houthis entered the conflict. Israel's military said two drones from Yemen ‌had also been intercepted on Monday, two days after the Iran-aligned Houthis, opens new tab fired missiles at Israel for the first time since the start of the U.S.-Israeli war on Iran that has spread across the region. Lebanon's Hezbollah also fired rockets at Israel on Monday.

March 30 (Reuters) - In a triumph for Starbucks’, opens new tab board of directors over ‌a coalition of labor-focused shareholder groups, investors this week overwhelmingly reelected two directors accused by the groups of turning a blind eye to risky labor relations. The tallies were disclosed on Monday. Negotiations between the company and its unionized baristas, ​which represent 6% of U.S. stores, broke down a year ago, but both sides recently ​announced they are in talks to resume bargaining soon.

Stock-market volatility has largely upended what was supposed to be a blockbuster year for initial public offerings, but Plaid’s finance chief says her company can afford to wait for the right moment to go public. As IPO preparations continue, Seun Sodipo is focused on growth, and the fintech company is seeing results: Annual recurring revenue last year climbed 40% from the year earlier, to more than $500 million, according to Plaid. That’s up from a pace of 27% in 2024. Plaid also said it turned a full-year profit on an adjusted earnings before interest, taxes, depreciation and amortization basis. This growth comes after Plaid pushed into new business lines—including payments, antifraud services and underwriting. The company is best known for connecting users’ bank accounts to other apps. It charted a new course as an independent company after its sale to Visa fell through in 2021.

Un membre du conseil d’administration du Canadien National vient d’acheter pour un peu plus d’un million de dollars d’actions du transporteur ferroviaire montréalais. Albert Monaco a acheté le 20 mars un lot de 7400 actions au prix unitaire de 135,68 $. Il est membre du conseil d’administration du Canadien National depuis trois ans. Il a dirigé Enbridge, une entreprise d’infrastructure énergétique de Calgary, pendant une dizaine d’années, de 2012 à 2023.

En mars, les entreprises et les consommateurs de la zone euro sont devenus plus pessimistes quant à leurs perspectives, la guerre en Iran devant affaiblir la croissance économique, tandis que les entreprises ont indiqué qu'elles prévoyaient d'augmenter leurs prix plus rapidement pour couvrir la hausse des coûts. La Commission européenne a annoncé lundi que son indicateur de confiance économique, qui mesure l'attitude des entreprises dans de nombreux secteurs de l'économie ainsi que celle des consommateurs, est tombé à 96,6 ce mois-ci, contre 98,2 en février. Ce recul est plus marqué que prévu par le consensus des analystes interrogés par le Wall Street Journal, qui tablaient sur un indice de 96,8. L'ESI est ainsi tombé encore plus bas que sa moyenne à long terme de 100.

NEW YORK -- U.S. gas prices jumped past an average of US$4 a gallon for the first time since 2022 on Tuesday as the Iran war pushed fuel prices to soar worldwide. According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 -- over a dollar more than before the war began. The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine. The price is a national average, meaning drivers in some states have been paying well over $4 a gallon for a while now. Prices vary from state to state due to factors ranging from nearby supply to differing tax rates.

Ce changement de garde a été présenté lundi par le conseil d’administration du plus important transporteur aérien au pays [...] Chez les spécialistes de la gouvernance, difficile d’y voir autre chose qu’un C.A. désireux de mettre le couvercle sur une marmite qui bouillait de plus en plus fort. « Ça ressemble à une sortie élégante dans les circonstances », analyse François Dauphin, directeur de l’Institut sur la gouvernance d’organisations privées et publiques (IGOPP).

The Kremlin on Monday welcomed the arrival of a Russian-flagged oil tanker to Cuba, saying energy supplies to the fuel-starved island had been discussed with the U.S. ahead of its delivery. Kremlin spokesman Dmitry Peskov said Moscow considered it its duty to help Cuba, according to Russian state news outlet RIA Novosti. He added that Havana needed petroleum products amid a de facto U.S. oil blockade. A Russian oil tanker carrying a humanitarian shipment of 100,000 tons of crude oil reportedly arrived in Cuba earlier in the day.