By Arasu Kannagi Basil and Pritam Biswas (Reuters) -KKR will buy a joint venture of S&P Global and CME Group in a $3.1 billion deal, marking the U.S. private equity firm’s second acquisition in less than a week despite the tariff turmoil slowing the pace of dealmaking activity. The proceeds from the deal to sell …
KKR signs $3.1 billion deal to buy post-trade services venture from S&P Global, CME Read More »
(Reuters) – OpenAI on Monday launched its new AI model GPT-4.1, along with smaller versions GPT-4.1 mini and GPT-4.1 nano, touting major improvements in coding, instruction following, and long context comprehension. The new models, available only on OpenAI’s application programming interface (API), outperform the company’s most advanced GPT-4o model across the board, the ChatGPT maker …
OpenAI launches new GPT-4.1 models with improved coding, long context comprehension Read More »
GDANSK (Reuters) – Poland’s Bank Pekao is targeting a return on equity of more then 18% by the end of 2027 as part of its new strategy, the country’s second-biggest lender said on Monday. That compares to a ROE target of around 10% under the bank’s previous three-year strategy through 2024, which it exceeded by …
Poland’s Bank Pekao targets above 18% return on equity by end-2027 Read More »
By Sheila Dang -BP has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy major seeks to grow production under a strategy reset announced earlier this year. The exploration well was drilled in Green Canyon Block 584 about 120 miles (193.12 km) …
(Reuters) -UK shares climbed on Monday in broad-based gains after U.S. President Donald Trump exempted smartphones and computers from steep Chinese tariffs, offering investors some relief following weeks of market volatility. The blue-chip FTSE 100 index was up 2% and the midcap index gained 2.5%. The White House unveiled the tariff exemptions on Friday covering …
UK shares rise as Trump’s tech tariff exemption calms markets Read More »
By Sukriti Gupta and Shashwat Chauhan (Reuters) -European shares closed higher in broad-based gains on Monday, as risk sentiment swelled after U.S. President Donald Trump granted tariff exclusions on smartphones and computers imported from China, bringing some respite after weeks of turmoil. The pan-European STOXX 600 ended 2.7% higher after registering its third consecutive week …
European shares rise as Trump eases tariffs on electronics from China Read More »
MILAN (Reuters) – Cerved, an Italian credit data firm owned by global financial data and software group ION, has hired a former intelligence services official as chairman, in the latest sign of the growing importance of corporate data safety. Cerved, which was acquired and taken private by ION in 2021, said it had named Luca …
Italian data firm Cerved names former secret service executive as chairman Read More »
By Barbara Erling and Amy-Jo Crowley WARSAW (Reuters) -Warner Bros Discovery has decided not to sell Polish broadcaster TVN, it said on Monday, drawing a line under speculation surrounding the future of the company, which is considered strategic by the Polish government. The volatility unleashed by U.S. President Donald Trump’s tariff policies has led many …
Warner Bros Discovery decides against sale of Polish broadcaster TVN Read More »
(Reuters) – Britain-based property investment company Urban Logistics REIT said on Monday it had received a higher proposal from British landlord LondonMetric, valuing the company at 674 million pounds ($887.73 million). Under the revised offer, LondonMetric is offering 0.5612 new shares and 42.8 pence in cash for each Urban Logistics’ share, valuing the target’s stock …
LondonMetric boosts bid for UK’s Urban Logistics REIT to $887.7 million Read More »
By Isla Binnie NEW YORK (Reuters) – Even before U.S. President Donald Trump’s tariffs threw markets and companies into turmoil, global CEOs were already unhappy with the support they were getting from their boards of directors in navigating uncertainty, a survey showed on Monday. Just 22% of the corporate chief executives surveyed in late 2024 …
Most CEOs were doubting their boards even before Trump’s tariff turmoil, survey finds Read More »
