By Kane Wu and Selena Li HONG KONG (Reuters) -UBS Chairman Colm Kelleher on Tuesday said Switzerland is having an “identity crisis” about its role in the world of banking. Kelleher, speaking at a global financial leaders’ investment summit in Hong Kong, said the European country where UBS is headquartered faces competition in the global …
UBS chairman says Switzerland is having an ‘identity crisis’ Read More »
(Reuters) -Australia’s Novonix said on Tuesday that a unit of automaker Stellantis had terminated its offtake agreement with the battery materials supplier, citing an inability to agree on product specifications. Shares of the company fell as much as 15% to A$0.480, hitting its lowest level since October 3. The stock is eyeing its fourth consecutive …
Automaker Stellantis scraps supply deal with Australia’s Novonix Read More »
By Ashitha Shivaprasad (Reuters) -Hafnium prices are near record highs in Europe, driven by supply constraints due to China’s export controls and booming demand fuelled by AI-led growth in semiconductors and gas turbines. Prices for the metal used in aerospace, nuclear, and computing applications ranged between $6,300 and $7,000 per kg in Rotterdam, nearing the …
Hafnium prices near record highs in Europe on China export curbs, AI boom Read More »
(Reuters) -AstraZeneca shareholders approved a direct listing of the drugmaker’s shares on the New York Stock Exchange on Monday, giving it access to a deeper capital pool. The drugmaker said 99.36% of votes cast in a general meeting favoured the proposal. The company needed at least 75% of votes for the resolution to pass. AstraZeneca, …
AstraZeneca wins shareholder backing for NYSE listing in US pivot Read More »
BRUSSELS (Reuters) -European Trade Commissioner Maros Sefcovic said on Monday that talks over the Dutch chipmaker Nexperia, which involve the Netherlands and China, were advancing. The EU trade chief said he “welcomed progress on Nexperia, key to restoring a semiconductor supply chain” in a post on X. He added that work “continues towards lasting stability …
EU’s trade chief sees progress in Nexperia talks Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street was mixed on Monday, with bumper corporate dealmaking activity and another mega AI-related tie-up offset by murky signals around the path for U.S. growth and interest rates, while the dollar crept up to a fresh three-month high. In my column today, I look at whether Big Tech’s …
Trading Day: Economic reality damps AI, deals optimism Read More »
COPENHAGEN (Reuters) -Denmark’s Orsted said on Monday it agreed to sell a 50% stake in Britain’s Hornsea 3 offshore wind farm for around 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world’s largest offshore wind developer, is trying to restore investor confidence …
Orsted sells 50% stake in UK wind farm for $6 billion to Apollo Read More »
By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data. Tech and tech-related firms helped boost the Nasdaq to the biggest …
S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky Read More »
PARIS (Reuters) -Chinese online retailer Shein said on Monday it imposed a full ban on sex dolls on its marketplace and temporarily delisted the “adult products” category after French consumer watchdog spotted childlike sex dolls two days ago. France’s Directorate-General for Competition, Consumer Affairs, and Fraud Control (DGCCRF) had said late on Saturday it spotted …
By Dmitry Zhdannikov, Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after Russia lobbied for the pause because it would struggle to increase exports due to Western sanctions, four OPEC+ sources said. The decision …
Russian push for OPEC+ action pause met no Saudi resistance, sources say Read More »
