Reuters UK Business

By Manya Saini (Reuters) -Charles Schwab on Thursday agreed to buy private shares platform Forge Global for $660 million, as Wall Street looks to take advantage of the fast-growing demand for access to pre-IPO companies. Major financial institutions are expanding services that give clients access to private companies and liquidity in pre-IPO shares, seeking to …

Schwab to buy Forge Global for $660 million as demand for pre-IPO shares grows Read More »

By Chris Kirkham LOS ANGELES (Reuters) -Tesla’s board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history. Shareholders will vote Thursday on the stark choice presented by the board: pay Musk up to $878 billion in company stock or take …

Tesla board to shareholders: Pay Musk or else Read More »

By Joan Faus BARCELONA (Reuters) -Spain’s Cellnex said on Thursday it would buy back another 200 million euros ($233 million) of shares next year, hoping to boost a stock price that its CEO called “irrationally low”. Shares in Europe’s largest mobile phone tower operator, which has a market capitalisation of around 19.5 billion euros ($22.7 …

Cellnex to launch new share buyback, hoping to boost stock price Read More »

By Elizabeth Howcroft PARIS (Reuters) -Global hedge funds’ exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government’s embrace of digital assets boosting interest, according to an industry report published on Thursday. Fifty-five percent of hedge funds hold some crypto-related assets, up from 47% the …

More than half of hedge funds invested in crypto, global survey says Read More »

By Foo Yun Chee BRUSSELS (Reuters) -SAP, Europe’s largest software maker, is set to make a formal offer of concessions shortly to settle an EU antitrust investigation and stave off a possible hefty fine, people with direct knowledge of the matter said. The case will help EU regulators counter U.S. criticism that they only target …

Exclusive-SAP to offer concessions to settle EU antitrust probe, stave off fine, sources say Read More »

DUBLIN (Reuters) -Ireland’s central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist transaction monitoring obligations. The Irish regulator said the fine related to faults in the configuration of Coinbase Europe’s transaction monitoring system, which resulted in more than 30 million …

Irish regulator fines Coinbase Europe 21.5 million euros over monitoring failures Read More »

By Lisandra Paraguassu BELEM, Brazil (Reuters) -Norway will contribute about $3 billion to the Tropical Forests Forever Facility, a multilateral fund proposed to support global conservation of endangered forests, the government said on Thursday, during a leaders’ summit ahead of the U.N. climate talks known as COP30. The donation, first reported by Reuters, is the …

Norway to invest about $3 billion in forest conservation fund Read More »