Reuters UK Business

By Christian Kraemer, Tom Sims and John O’Donnell FRANKFURT/BERLIN (Reuters) – UniCredit’s opening gambit in a takeover play for Commerzbank has rekindled a debate about the future of German banking, prompting Berlin to pause selling shares in the lender and turning the spotlight on Deutsche Bank as a possible rival suitor. Italy’s second-largest bank swooped …

UniCredit’s Commerzbank swoop fires up divisive debate in Germany Read More »

(Reuters) – British defense group BAE Systems said on Thursday the U.S. Army has awarded the company a $440 million contract to produce additional Bradley Fighting Vehicles to replace the ones the government had already sent to Ukraine. The contract includes the production of more than 200 units of Bradley A4, which is the company’s …

BAE systems to produce additional Bradley Fighting Vehicles for U.S. Army Read More »

By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday, as policymakers provided little clarity on how willing they were to double down on monetary easing. Sources also told Reuters shortly after the ECB meeting …

Analysis-ECB dents traders’ hopes for October rate cut Read More »

MILAN (Reuters) – Commerzbank and UniCredit shares extended gains on Thursday after the Italian bank’s CEO Andrea Orcel laid out plans to buy more of its German rival or even take it over, fuelling speculation about further dealmaking in the region. By 0845 GMT shares in Commerzbank were up 2.6%, rising further after Orcel told …

Commerzbank, UniCredit shares extend gains as Orcel lays out plans Read More »

(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice. …

Factbox-Airlines suspend flights as Middle East tensions rise Read More »

BERLIN (Reuters) – German academic research publisher Springer Nature plans to list on the Frankfurt Stock Exchange in an initial public offering that could be completed by the end of 2024, the company said in a statement on Thursday. The offer is intended to consist of a 200 million euro capital increase and a sale …

Springer Nature announces plans to list on Frankfurt Stock Exchange Read More »

(Reuters) – Bayer’s Monsanto unit said on Wednesday that a Philadelphia Court jury reached a verdict in the Young Roundup product liability trial in their favor. Bayer bought Monsanto for $63 billion in 2018, and has faced extensive and costly litigation over whether Monsanto’s Roundup weed killer causes cancer. (Reporting by Gursimran Kaur in Bengaluru)