A look at the day ahead in European and global markets from Kevin Buckland The relief rally in global stocks was still in place on Wednesday in Asia, but with dwindling conviction. It’s not that there was any news – or late social media posts from POTUS himself – to change the market’s outlook. It’s …
Morning Bid: Looking to April 2 with trepidation Read More »
By Lucy Raitano LONDON (Reuters) – European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid sky-high prices to join the market boom. AI-exposed stocks have been caught in a down-draught with broader equity markets …
Analysis-European investors say clock is ticking for AI adopters to deliver Read More »
By Bhanvi Satija and Siddhi Mahatole (Reuters) -New York Attorney General Letitia James on Tuesday urged 23andMe customers to secure their data in light of rising privacy concerns after the DNA testing firm filed for bankruptcy amid declining demand for its services. Uncertainty surrounding the company’s future and worries about potential data management by a …
Consumers urged to delete 23andMe data as bankruptcy sparks privacy fears Read More »
LONDON (Reuters) – The UK arm of Spain’s Banco Santander on Tuesday won its bid to throw out a lawsuit that had alleged lenders have a duty to try and retrieve funds stolen by customers that turn out to be fraudsters. Santander UK was sued at London’s High Court in 2022 by teacher training provider …
Santander UK wins bid to throw out lawsuit over push payment fraud Read More »
By Giulio Piovaccari MILAN (Reuters) -Chinese and Italian shareholders in Pirelli are at odds over the group’s governance, two sources said, with the Chinese investor potentially a hurdle for the Italian tyremaker’s plans to do more business in the United States. China’s state-owned Sinochem is the largest investor in Pirelli with a 37% stake in …
Italian and Chinese shareholders in Pirelli clash over governance Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) -Britain’s Financial Conduct Authority will reassess its attitude towards financial firms’ risk-taking in order to spur growth, the watchdog said on Tuesday, as it set out its next five-year strategy. The FCA’s plan is focused on four previously announced priorities: helping consumers, fighting crime, supporting growth and …
Britain’s FCA to reevaluate risk approach to boost economic growth Read More »
ROME (Reuters) – A group of Banco BPM investors, holding 6.51% of the lender, said on Tuesday they backed a plan which envisages a standalone growth of the bank, a statement said, indirectly expressing its opposition to a bid launched by UniCredit. Italy’s second-largest bank in late November swooped on BPM, which has long been …
Banco BPM investors holding 6.51% stake oppose UniCredit bid Read More »
LONDON (Reuters) – Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. More than 200 investors are suing Standard Chartered at London’s High Court …
StanChart loses bid to cut shareholders’ $1.9 billion UK lawsuit in half Read More »
By David Shepardson and Dan Catchpole WASHINGTON (Reuters) -A U.S. judge on Tuesday abruptly set a June 23 trial date in the Justice Department’s criminal fraud case against Boeing stemming from the planemaker’s alleged misrepresentations to U.S. regulators about a key system on the 737 MAX. In July, Boeing agreed to plead guilty to a …
US judge sets Boeing 737 MAX fraud trial for June 23 Read More »
MILAN (Reuters) – Italy’s Prysmian has agreed to buy U.S. connectivity device manufacturer Channell Commercial Corp for up to $1.15 billion, the world’s largest cable maker said on Tuesday. The deal, which comes less than a year after Prysmian’s $4.2 billion acquisition of U.S. firm Encore Wire, expands the Milanese group’s footprint in North America, …
Italy’s Prysmian seals $1 billion buy of Channell to grow U.S. presence Read More »
