A look at the day ahead in European and global markets from Tom Westbrook China’s equity markets have chosen to run with the authorities’ latest vague promise of support for the sputtering economy, with stocks surging to their highest levels in nearly a month. The state-media readout on Monday from China’s Politburo heralded a shift …
Morning Bid: China policy talk lifts stocks but bonds balk Read More »
By Himanshi Akhand (Reuters) – Shares of Perpetual fell nearly 10% on Tuesday after Australian tax authorities’ review of its deal to sell wealth management and corporate trust businesses to KKR & Co revealed higher liabilities and lower shareholder returns. The fund manager said that the Australian Taxation Office (ATO) refused to issue a binding …
Australia’s Perpetual sinks on adverse tax ruling over KKR deal Read More »
LONDON (Reuters) – Britain said on Tuesday it would soon make online marketplaces such as Amazon and eBay pay more towards the cost of recycling waste electrical items from toasters to hair curlers. The environment ministry said it wanted to level the playing field for UK-based firms that currently shoulder the majority of costs around …
Britain to make online marketplaces pay more for electricals recycling Read More »
SANTIAGO (Reuters) – Chile’s environmental regulator has filed three charges against miner Anglo American’s local unit over alleged violations at its El Soldado copper mine in the Valparaiso region. The Superintendency of the Environment (SMA) labeled the charges as “serious,” the second of three levels of offenses, and said Anglo American Sur, the local arm …
Chile regulator charges Anglo American mine over environmental violations Read More »
(Reuters) – Bitcoin, the world’s biggest and best-known cryptocurrency, fell 5% to $95,519 at 2103 GMT on Monday. Bitcoin is down 7.1% from the year’s high of $103,647 on Dec. 5. (Reporting by Disha Mishra in Bengaluru; Editing by Pooja Desai)
By Michael Erman NEW YORK (Reuters) -Brian Thompson, the CEO of UnitedHealth’s insurance unit, was fatally shot in midtown Manhattan last week in what police described as a targeted attack by a masked assailant lying in wait just before the parent company’s annual investor conference at a Hilton Hotel. Authorities arrested Luigi Mangione, 26, in …
Factbox-What is the UnitedHealthcare business that was led by slain CEO Brian Thompson? Read More »
By Deborah Mary Sophia and Urvi Dugar (Reuters) – Omnicom Group has struck a $13.25 billion all-stock deal to buy rival Interpublic Group, creating the world’s largest advertising agency as traditional players look to better compete with Big Tech firms amid accelerating use of AI. The deal, announced on Monday, could attract regulatory scrutiny as …
Ad giant Omnicom takes aim at Big Tech, AI era with $13 billion Interpublic deal Read More »
(Reuters) – Tesla aims to start its robotaxi service with a company-owned fleet backed up by human teleoperators for safety, Deutsche Bank said in a note after a meeting with the company’s head of investor relations. The electric vehicle maker still is shooting for a launch of its cheaper vehicle in the first half of …
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says Read More »
By Ron Bousso and Yuka Obayashi LONDON (Reuters) -BP and Japanese power generator JERA have agreed to join forces to form one of the world’s largest offshore wind operators, a major step in CEO Murray Auchincloss’ efforts to reduce BP’s focus on renewables. BP’s retreat from offshore wind reflects a similar trend at rivals Shell …
BP forms offshore wind joint venture in renewables retreat Read More »
By Federico Maccioni ABU DHABI (Reuters) – Cryptocurrency exchange Binance has yet to decide where to base its global headquarters, its CEO told Reuters on Monday, years after it flagged a decision was imminent, but the executive pointed to moves it has made to improve corporate governance. “We are still working very hard on this …
Binance still to choose location for global headquarters, CEO Teng says Read More »
