By Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s federal prosecutors have launched an investigation into alleged fund diversion by a former senior executive at Itau Unibanco, set to take a key role at Spanish bank Santander in coming months. Latin America’s largest bank accused its former Chief Financial Officer, Alexsandro Broedel Lopes, of misappropriating funds …
Brazilian prosecutors investigate top Santander executive Read More »
By Sinead Cruise, Amanda Cooper and Francesco Canepa LONDON/FRANKFURT (Reuters) – The European Central Bank said late on Thursday it had fixed an unprecedented outage in its payment system which had left transactions likely worth trillions of euros from companies, consumers and investors up in the air for most of the day. The malfunction of …
ECB fixes outage in multi-trillion-euro payment system Read More »
By Arsheeya Bajwa (Reuters) -Wall Street took a dim view of Nvidia’s quarterly forecast on Thursday with investors pushing the stock down more than 8%, piling pressure on the “Magnificent Seven” stocks that have garnered market skepticism in the last three months. The stock closed lower at $120.15, while other members of the group such …
Nvidia’s optimistic forecast fails to convince Wall Street Read More »
By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’ …
Exclusive-Aerospace industry scrambles to deal with fallout from huge US factory fire Read More »
(Reuters) – Germany’s Northern Data said on Thursday that it has started the process to uplist to the Prime Standard listing on the Frankfurt Stock Exchange in 2025. The technology company said it intends to complete the uplisting by next year, aiming to increase trading liquidity and expand its investor base. The Frankfurt bourse’s Prime …
Germany’s Northern Data to initiate Frankfurt uplisting, explores global listing Read More »
By Forrest Crellin PARIS (Reuters) – French utility Engie could divert investment away from the United States if there is no clarity and predictability on policy there, CEO Catherine MacGregor has said. As Engie’s shares jumped to their highest in almost a decade on Thursday after it upgraded its 2025 profit forecast, the company said …
Engie warns that uncertainty could affect its US investments Read More »
MILAN (Reuters) – Numerous fashion companies are potentially interested in buying Versace, Miuccia Prada, owner of the Italian luxury group Prada, said on Thursday. Capri Holdings is working with Barclays to explore a sale of its Versace brand, sources told Reuters in January. “It is on everybody’s table”, Miuccia told journalists seeking comment about Prada’s …
Miuccia Prada says ‘everybody’ interested in buying Versace Read More »
MILAN (Reuters) – Italian tycoon Francesco Gaetano Caltagirone has increased its stake in Banca Monte dei Paschi (MPS) <BMPS.MI> to 8%, Italian daily La Stampa reported on Thursday on its website. Caltagirone and MPS both declined to comment. Caltagirone’s investments in Italy’s financial sector put the construction and newspaper magnate at the heart of a …
Italian tycoon Caltagirone ups Monte dei Paschi stake to 8%, paper says Read More »
AMSTERDAM (Reuters) – Online rights activists have filed complaints with data protection authorities in several European countries about U.S. software firm Meta’s targeted advertising practices, the Eko group said on Thursday. The group said it had filed complaints with watchdogs in Norway, Germany and Spain after collecting evidence that Facebook’s parent company had not listened …
Digital rights activists file complaints in Europe over Meta’s targeted ads Read More »
By Shankar Ramakrishnan (Reuters) – Asset managers T. Rowe Price and Columbia Threadneedle are pushing back against private equity firms that pursued aggressive debt raises in a practice that hurt high-yield debt investors over the past two years. Portfolio managers at the two firms who oversee investments in high-yield debt told Reuters that they now …
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