By John Revill ZURICH (Reuters) -A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission would hand over its files to the Swiss Federal Archives …
Credit Suisse inquiry will keep files secret for 50 years Read More »
WARSAW (Reuters) -Polish state-controlled power utilities PGE, Enea, Tauron and Energa received offers from the state treasury for their coal-fired power plants in a planned overhaul of the energy sector. The treasury offered 849 million zloty ($214.23 million) for PGE’s mining and generation unit, 2.48 billion zloty for Enea’s Wytwarzanie unit and 632 million zloty …
Poland’s PGE, Enea, Tauron, Energa get state offers for coal assets Read More »
(Reuters) -The US Federal Trade Commission (FTC) has sought additional information and documentary material related to Pfizer’s proposed acquisition of Seagen Inc, Seagen said on Friday. The antitrust agency sent the requests separately to both the companies, a regulatory filing said. Pfizer struck a $43 billion deal in March to acquire Seagen and its targeted …
US FTC seeks additional info on Pfizer’s proposed takeover of Seagen Read More »
By Noor Zainab Hussain, Tatiana Bautzer and Saeed Azhar (Reuters) -Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient economy, with sparks of hope in some businesses like deal-making that have been in the dumps of late. But they also …
U.S. banks point to resilient but slowing economy, flag risks ahead Read More »
(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company’s head of global gas. The second largest U.S. oil and …
Chevron opted to buy vs build US LNG processing – gas executive Read More »
By David Carnevali (Reuters) -MoonLake Immunotherapeutics, a developer of an antibody-derived treatment for inflammatory skin conditions, is exploring a sale, according to people familiar with the matter. The company is working with an investment bank and is having early-stage conversations with drugmakers interested in a potential acquisition, the sources said. The sources added that no …
Exclusive-MoonLake Immunotherapeutics explores sale-sources Read More »
By Jaiveer Shekhawat (Reuters) -Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with …
Binance lays off employees days after executive exodus Read More »
(Reuters) – Italy’s third-largest bank Banco BPM said on Friday it agreed together with Gruppo BCC Iccrea and domestic private equity fund FSI to create the country’s second largest player in the payments business. FSI, founded by former Merrill Lynch banker Maurizio Tamagnini, and unlisted bank Iccrea jointly run the BCC Pay payments business. Banco …
Italy’s Banco BPM enters payments deal with Gruppo BCC Iccrea and FSI Read More »
By Pratima Desai and Eric Onstad LONDON (Reuters) -Europe’s aluminium industry group has considered lobbying for European Union sanctions on Russian aluminium, but would oppose specifically targeting the country’s largest producer Rusal, according to a document sent to members. The head of trade group European Aluminium said it prepared the internal memorandum for planning purposes …
Trade body considers calling for EU ban on Russian aluminium, but not Rusal Read More »
By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark ruling from a federal judge who said some of the company’s XRP token sales were not subject to securities laws. WHAT DID THE …
Explainer – What makes a crypto asset a security in the US? Read More »
