(Repeats story issued on April 11 with no changes to text.) By Selena Li HONG KONG (Reuters) – China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said. …
By Pratima Desai LONDON (Reuters) – Marex Group has bought UK-based Darton Commodities, a trader of cobalt metal used to make aerospace and military equipment, the financial services firm told Reuters on Monday, declining to give further details. Two sources familiar with the matter said the transaction completed in March, but they did not know …
Marex Group acquires UK cobalt trader Darton Commodities Read More »
By Yadarisa Shabong (Reuters) – The British pound climbed against the dollar and the euro on Monday after U.S. President Donald Trump excluded smartphones and computers from his tariffs, offering some respite although uncertainty over trade persisted. The dollar was broadly weaker against major peers as nervous investors pulled some money out of U.S. assets …
Sterling gains on dollar and euro as focus remains on US tariffs Read More »
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF …
Trade tensions can lead to stock market crashes, IMF says Read More »
LONDON (Reuters) – Britain approved British Steel’s appointment of two of its long term employees to act as interim chief executive and chief commercial officer, the company said on Monday, after the government passed legislation at the weekend giving it control. Britain passed an emergency bill on Saturday after the government said British Steel’s owners, …
UK signs off on British Steel’s appointment of interim CEO, CCO Read More »
By Valentina Za MILAN (Reuters) – When a group of Harvard Business School students visited Italy’s Monte dei Paschi di Siena in January, they gathered notes to build a case study on how to turn around a bank. The strength of that case may now depend on whether shareholders on Thursday approve CEO Luigi Lovaglio’s …
MPS chief puts revamp of world’s oldest bank to market test with Mediobanca bid Read More »
ATHENS – Greece has signed a deal to buy 16 anti-ship missiles from France, Greek Defence Minister Nikos Dendias said on Monday. The agreement for the French-built Exocet missiles was signed by Dendias and France’s Armed Forces Minister Sebastien Lecornu who is visiting Athens. The cost of the deal was not disclosed. Under a defence pact …
Greece agrees to buy 16 anti-ship missiles from France Read More »
ROME (Reuters) – Bailed-out bank Monte dei Paschi di Siena (MPS) said on Monday it had received an unconditional green light from the Italian government for its plan to launch a hostile buyout offer for rival Mediobanca. The approval concludes a screening procedure based on special, or ‘golden’, powers Italy has to block or set …
MPS gets unconditional go ahead from Italian government over Mediobanca takeover Read More »
(Reuters) -British oilfield services and engineering company Wood Group has received a proposal from Dubai’s Sidara comprising a takeover bid worth about 242 million pounds ($318.4 million) and up to $450 million in cash, it said on Monday, boosting its shares. Wood Group said Sidara’s conditional proposal includes 35 pence each in cash for its …
UK’s Wood Group shares rise after enhanced bid from Dubai’s Sidara Read More »
BERLIN (Reuters) – German exports and industrial production are both in line for considerable headwinds as a result of U.S. President Donald Trump’s tariff policies, the German economy ministry warned on Monday in its monthly report. “Due to the U.S. tariff policy, uncertainty about the development of German export trade is currently exceptionally high,” the …
Ministry warns German exposure to tariff uncertainty ‘exceptionally high’ Read More »
