Reuters UK Business

By Gergely Szakacs BUDAPEST (Reuters) – Poland should set a “very high bar” for more fiscal loosening given rising expenditure needs related to infrastructure, climate risks and security costs driven by the war in Ukraine, a senior International Monetary Fund official said. Prime Minister Donald Tusk’s pro-European Union government hiked public sector pay, social benefits …

Poland should set ‘very high bar’ for more fiscal loosening, IMF says Read More »

ZURICH (Reuters) -The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired former rival Credit Suisse last year after the bank’s collapse, had previously indicated the two units would be combined during …

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says Read More »

By Andy Bruce and William Schomberg (Reuters) -Britain’s labour market showed more signs of cooling in April as the unemployment rate rose, an awkward development for Prime Minister Rishi Sunak ahead of the July 4 election, despite another month of robust wage growth. “The last parliament has been dismal for employment, and today’s figures are …

Rise in UK jobless rate muddies Sunak’s message to voters Read More »

By Marc Jones LONDON (Reuters) – France’s snap parliamentary elections are negative for the country’s credit score, ratings agency Moody’s has warned. “This snap election increases risks to fiscal consolidation,” Moody’s said in a statement late on Monday, describing it as “credit negative” for the country’s Aa2 rating, which is one notch above Fitch and …

Moody’s issues France credit rating warning over snap elections Read More »

By Huw Jones LONDON (Reuters) -Britain’s payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that “significant changes” were needed to avoid damaging competition. The Payment Systems Regulator (PSR) said in December that banks and other payment firms …

Britain’s payments industry calls for delay and cut in scam compensation rules Read More »

By Ross Kerber (Reuters) – With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker’s ownership base. Small investors tend to favor management, but they often don’t bother …

Tesla turns to Musk’s small shareholder fans to back $56 billion payday Read More »

(This June 6 story has been refiled to clarify the report was produced, not written, by Axelar and Metrika in paragraphs 4 and 6, and adds the name of the writer in paragraph 11) By Medha Singh (Reuters) – Trading stocks and bonds on blockchains at scale will remain a dream unless a global standard …

Global rules needed to spur blockchain trading of assets, report says Read More »

By Mathieu Rosemain PARIS (Reuters) – Societe Generale is struggling to agree a deal for its securities services unit, with potential bidders baulking at the price the French bank wants for the business, sources close to the matter said. France’s third-biggest listed lender has been trying to offload Societe Generale Securities Services (SGSS) since last …

SocGen struggles to strike deal for custody unit, sources say Read More »