Reuters UK Business

By Sam Tobin LONDON (Reuters) – Barclays on Monday asked London’s High Court to more than halve a shareholders’ lawsuit worth up to 560 million pounds ($720 million) accusing the British bank of misleading the market about its private “dark pool” trading platforms. Hundreds of institutional investors are suing after more than 2 billion pounds …

Barclays tries to slash UK investors’ $720 million ‘dark pool’ lawsuit Read More »

(Reuters) – NXP Semiconductors forecast third-quarter revenue below market estimates on Monday, as it battles slowing demand from automotive customers and rising geopolitical risks, sending its shares down about 8% in extended trading. The company forecast revenue in the range of $3.15 billion to $3.35 billion, compared to analysts’ average estimate of $3.36 billion, according …

NXP Semi forecasts third-quarter revenue below estimates on auto weakness Read More »

(Reuters) – The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims …

Insurers to see limited hit from CrowdStrike disruption, Fitch says Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Luxembourg’s largest brewery Brasserie Nationale has challenged EU antitrust regulators’ bid to examine its proposed buy of wholesale drinks distributor Boissons Heintz, saying there was no plausible analysis to show that the deal would threaten competition in the Grand Duchy. The appeal by Brasserie Nationale to the Luxembourg-based …

Luxembourg brewery challenges EU bid to review drinks distributor takeover Read More »

By Karin Strohecker and Libby George LONDON (Reuters) -Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds, bringing the war-torn country closer to an unprecedented debt rework. Ukraine’s announcement comes just over a week before a two-year debt suspension agreement struck …

Ukraine reaches preliminary deal with bondholder group on $20-billion debt restructure Read More »

(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday that it has opened a preliminary evaluation into about 150,000 Stellantis vehicles over reports of loss of motive power due to electrical concerns. (Reporting by Disha Mishra in Bengaluru; Editing by Savio D’Souza)

By Huw Jones LONDON (Reuters) -Patchy progress on implementing reforms to make money market funds and other types of “non banks” safer has left the global financial system vulnerable to more shocks, the G20’s risk watchdog said on Monday. The Financial Stability Board said that many of the underlying vulnerabilities that contributed to incidents, such …

Vulnerabilities in non-banks leave door open to ‘shocks’, says G20 watchdog Read More »