ZURICH (Reuters) – The Swiss government will not be swayed by “intense” lobbying from UBS as its draws up new rules for the country’s financial sector, Finance Minister Karin Keller-Sutter said in an interview published on Tuesday. The government is currently weighing up how to overhaul regulations in the wake of the 2023 collapse of …
Swiss Finance Minister says won’t be swayed by UBS lobbying Read More »
(Reuters) -Santander is pushing to expand its U.S. operations through a partnership with Verizon by tapping into the telecom major’s vast customer base, the Spanish bank and Verizon said in a joint statement on Tuesday. The U.S. partnership deal will allow millions of Verizon customers have access to competitive high yield savings account with Santander’s …
Spain’s Santander eyes US expansion through Verizon partnership Read More »
PARIS (Reuters) – Financial markets operator CME Group said on Tuesday that it plans to launch cash-settled futures for European rapeseed oil next month, using an Argus Media index for Dutch prices. The new product will start trading on April 28, subject to regulatory approval, through CME’s Chicago Board of Trade exchange, the company said …
CME Group to launch European rapeseed oil futures Read More »
MOSCOW (Reuters) – President Vladimir Putin told Russian business leaders on Tuesday not to count on fully free trade or movement of capital being restored in the event of Western sanctions on Russia being eased. “Our competitors will always want to weaken and contain us,” Putin told a meeting with Russian businessmen. “Even if one …
(Reuters) – Ofwat, which regulates the water industry in England and Wales, said on Tuesday it has formally referred requests from five companies for a re-determination of their price review to the UK’s competition regulator. The five companies whose requests have been referred to the Competition and Markets Authority (CMA) are Anglian Water, Northumbrian Water, …
Ofwat refers five companies’ price re-determination requests to antitrust regulator Read More »
By Akash Sriram (Reuters) – Israeli startup REE Automotive said on Tuesday it expects revenue of up to $770 million by 2030 from a licensing deal with an undisclosed company to which it will provide technology that helps make autonomous vehicles. REE, whose customers include van rental firm U-Haul and French planemaker Airbus, said it …
Israeli automotive startup REE set to sign $770 million exclusive technology supply deal Read More »
By John Revill ZURICH (Reuters) – The Swiss National Bank greatly reduced its activity in foreign currency markets during 2024, according to data published on Tuesday, as the central bank relied instead on interest rates to steer monetary policy. The SNB bought foreign currency worth 1.2 billion Swiss francs ($1.4 billion) in 2024, its annual …
Swiss National Bank slows foreign currency interventions to a trickle in 2024 Read More »
By Amir Orusov (Reuters) -Frankfurt Airport operator Fraport forecast only a moderate increase in 2025 core income and passenger traffic on Tuesday, after missing annual earnings estimates because regulatory costs were higher and people traveled less towards the end of the year. The stock was slightly down in early afternoon trade after falling as much …
High regulatory costs to weigh on Fraport’s income, passenger numbers this year Read More »
By Rene Wagner and Maria Martinez BERLIN (Reuters) -Germany’s lower house of parliament is set to vote on Tuesday on a massive surge in borrowing that could boost Europe’s largest economy and stimulate growth across the region. German chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state …
Factbox-What Germany’s planned spending spree could mean for the economy Read More »
By Sudip Kar-Gupta BRUSSELS (Reuters) – Belgium’s state-owned financial firm Belfius said on Tuesday it would invest in defence companies headquartered in NATO countries, as fund managers tap into Europe’s race to re-arm itself in light of the Russia-Ukraine war. “By focusing on investments in defence companies headquartered in NATO countries, Belfius intends to offer …
Belgian financial firm Belfius to invest in NATO defence companies Read More »
