Reuters UK Business

(Reuters) -Late Italian billionaire Leonardo Del Vecchio’s holding company has raised its stake in bailed-out lender Monte dei Paschi, a filing showed, strengthening its hand in expected consolidation among the country’s banks. The move by Delfin, the holding company of the late eyewear magnate and Ray-Ban owner, follows the Italian Treasury’s placement of a 15% …

Italy’s Del Vecchio family raises Monte dei Paschi stake to 9.8% Read More »

By Ethan Wang and Joe Cash BEIJING (Reuters) – China’s exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ahead of U.S. President-elect Donald Trump’s return to the White House this month and fresh trade risks. Outbound shipments were expected to have risen 7.3% from a …

China’s Dec exports likely gained momentum ahead of tariff uncertainty: Reuters poll Read More »

(Reuters) -Shares of Star Entertainment fell further on Friday to hit a record low, after the Australian casino operator raised concerns about liquidity and cash months after securing a debt lifeline. The stock fell as much as 19.2% to A$0.105 after Thursday’s 33.3% drop, and was last trading 13.5% down at A$0.113, as of 0035 …

Australia’s Star Entertainment hits record low on cash burn concerns Read More »

(Reuters) – Oil and gas major Shell said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico. The Whale development is operated by Shell, which owns 60% of the project alongside U.S. energy major Chevron, which has a 40% stake. The project is expected to hit …

Shell begins production at Whale in US Gulf of Mexico Read More »

By Blake Brittain (Reuters) – Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing Meta for copyright infringement made the accusations in filings made …

Meta knew it used pirated books to train AI, authors say Read More »

(Reuters) -A unit of French energy company TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012. The settlement is much smaller than the $214 million the U.S. Federal Energy Regulatory Commission (FERC) had sought from TotalEnergies’ …

TotalEnergies to pay $5 million to settle US FERC natgas manipulation case Read More »

MADRID (Reuters) -Spanish bank BBVA has tweaked its tender bid for Sabadell by reducing the minimum acceptance condition as it excludes the number of treasury shares of the targeted smaller rival, BBVA said on Thursday.  BBVA’s offer now targets the number of shares that would allow BBVA to acquire at least more than half of …

BBVA lowers minimum acceptance condition in Sabadell bid Read More »