By Scott Murdoch and Melanie Burton SYDNEY (Reuters) – An adviser to BHP on its $39 billion Anglo American bid is seeking views from some of its shareholders as the miner weighs making a revised offer after its initial proposal was rejected last week, sources said. UBS has begun booking meetings with fund managers for …
BHP adviser canvassing investor views on improved Anglo bid, sources say Read More »
By Martin Coulter LONDON (Reuters) – Last year, a who’s who of world leaders, corporate executives and academic experts gathered at Britain’s Bletchley Park for the world’s first global AI Safety Summit, hoping to reach consensus on the regulation of a technology some warned posed a threat to humanity. Tesla mogul Elon Musk and OpenAI …
Analysis-Second global AI safety summit faces tough questions, lower turnout Read More »
By Ankika Biswas (Reuters) -European shares touched a two-week high on Monday, extending last week’s strong run, with euro zone economic data and a U.S. policy decision in focus. The pan-European STOXX 600 was up 0.3%, as of 0837 GMT, after logging its first weekly gain in four on Friday. The STOXX 600 lost some …
European shares hit two-week high; inflation data, Fed meeting in focus Read More »
By Maria Martinez BERLIN (Reuters) -Inflation rose in four important German states in April, preliminary data showed on Monday, suggesting that national inflation could halt its downward trajectory and rebound slightly this month. In Bavaria, the inflation rate rose to 2.5% in April from 2.3% in March, in Brandenburg it rose to 3.0% from 2.8%, …
Inflation up in four German states, pointing to modest national rise Read More »
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany’s largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank during the financial crisis seeking to broaden its reach in Germany and a steady income stream after years of rapid international …
Explainer-The trio of problems dogging Deutsche Bank’s Postbank arm Read More »
By Tassilo Hummel and Sudip Kar-Gupta PARIS (Reuters) -French IT firm Atos put a price tag on a state offer to take over strategic parts of the company on Monday, boosting its shares, but also said it would need almost twice as much cash as estimated earlier this month to stay afloat. The French government …
French state offer to buy strategic parts of Atos boosts shares Read More »
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank shares were 5% lower early on Monday after news that a long-running lawsuit could cost Germany’s largest lender up to 1.3 billion euros ($1.39 billion). The issue is a blow to Deutsche, which last week posted better-than-expected earnings that boosted its shares. It is the latest in a …
Deutsche Bank falls 5% after Postbank litigation woes resurface Read More »
FRANKFURT (Reuters) – Deutsche Bank said on Sunday that it would “carefully assess” options for a possible settlement in litigation over its takeover of Postbank that has required it to make provision for claims of up to 1.3 billion euros ($1.39 billion). Germany’s largest lender made the statement as part of a Q&A for investors …
Deutsche Bank to assess options for possible Postbank settlement Read More »
(Reuters) -The billionaire owner of L’Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion including debt, Bloomberg News reported. Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the …
By Mathieu Rosemain PARIS (Reuters) -The French government sent a letter of intent to Atos over the weekend with the aim of acquiring all of its activities that the state deems strategic, as the IT consulting firm strives to restructure its debt. An official at the Finance Ministry said on Sunday the French state was …
French state seeks to acquire Atos’ strategic activities Read More »
