(Reuters) -The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest earlier in the week, Bloomberg News reported. The banking regulator reached out to banks late on Thursday seeking indications of …
FDIC asks banks for final First Republic bids- media reports Read More »
FRANKFURT (Reuters) – Logistics billionaire Klaus-Michael Kuehne, Lufthansa’s top shareholder, has no plans to raise his stake in the carrier to a 25% blocking minority, which would give him the power to veto major strategic decisions, he hold a German paper. Kuehne in September disclosed that he had increased his stake in Lufthansa to 17.5%, …
By Samuel McKeith SYDNEY (Reuters) – BP has agreed to buy rival giant Shell’s 27% stake in the Browse joint venture, expanding its holding in Australia’s largest untapped gas resource in a move that could improve the development prospects for the long-stalled project. The Browse project, estimated to cost $20.5 billion, has been stuck on …
BP agrees to buy Shell’s stake in Australian Browse gas project Read More »
By Mrinmay Dey (Reuters) – Sheikh Jassim Bin Hamad Al Thani, the son of Qatar’s former prime minister, submitted his final bid for the entirety of Manchester United just before Friday’s deadline, a person familiar with the matter told Reuters. In addition to offering a figure to buy the English Premier League soccer club, Sheikh …
Soccer: Qatar’s Sheikh Jassim submits final bid for Manchester United – source Read More »
By Supantha Mukherjee and Giselda Vagnoni (Reuters) -The ChatGPT chatbot was reactivated in Italy after its maker OpenAI addressed issues raised by Italy’s data protection authority, the agency and the company confirmed on Friday. Microsoft Corp-backed OpenAI took ChatGPT offline in Italy last month after the country’s data protection authority, also known as Garante, temporarily …
Italy restores ChatGPT after OpenAI responds to regulator Read More »
(Reuters) -Struggling British fashion brand Superdry is said to be in advanced talks to raise about 15 million pounds ($19 million) by selling shares, Sky News reported on Friday. The cash call could be unveiled as soon as next week, the report added. One investor said the cash call was likely to be worth more …
Superdry in talks to raise nearly $19 million in share sale – Sky News Read More »
FRANKFURT (Reuters) – Deutsche Bank said on Friday it is investigating the purchase of the bank’s own bonds by a senior executive just days before the lender reported earnings, a move that appeared to flout the bank’s own rules designed to prevent insider trading. A filing earlier this week showed that Michael Ilgner, head of …
Deutsche Bank investigates HR head’s bond purchase ahead of earnings Read More »
By Paul Sandle LONDON (Reuters) – Britain’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s $69 billion acquisition of ‘Call of Duty’ maker Activision Blizzard over concerns it would hinder cloud gaming. The ruling was a shock after the regulator had already resolved its concerns about the consoles market, a sector dominated by Sony’s …
Explainer-What next for Microsoft’s $69 billion Activision deal after UK ban? Read More »
By Nupur Anand, Andrea Shalal and Greg Roumeliotis NEW YORK (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and …
U.S. officials lead urgent rescue talks for First Republic -sources Read More »
By Shristi Achar A and Johann M Cherian (Reuters) -London’s FTSE 100 ended Friday on firmer ground, boosted by gains in energy stocks, but lender Natwest held back further advances after reporting a steep drop in first-quarter deposits. The blue-chip index ended up 0.5%, but was down for the week, while the mid-cap FTSE 250 …
FTSE 100 bounces on energy boost, outpaces European peers in April Read More »
