LONDON (Reuters) – British retail consultant and television personality Mary Portas has written an open letter to the John Lewis Partnership accusing the group of losing its soul for considering a change to its longstanding model of employee ownership. Last week, the partnership, which owns John Lewis department stores and the upmarket Waitrose supermarket chain, …
Britain’s John Lewis has lost its soul, says Mary Portas Read More »
WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said. Moody’s has downgraded the long-term issuer ratings of the bank’s mortgage unit mBank Hipoteczny and changed the outlook …
Moody’s downgrades Poland’s mBank, confirms Bank Millennium Read More »
By Noel Randewich SAN FRANCISCO (Reuters) -Intel Corp co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore’s family philanthropic foundation said he died surrounded by family at his home in …
Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94 Read More »
By Amy-Jo Crowley, Andres Gonzalez and Milana Vinn (Reuters) – Brookfield Asset Management is in exclusive talks to acquire a majority stake in Data4, in a deal that could value the data center operator at close to 3.5 billion euros ($3.8 billion) including debt, people familiar with the matter said. Brookfield has prevailed over other …
Exclusive-Brookfield nears 3.5 billion euro deal for Data4 -sources Read More »
(Reuters) – UK energy companies are expected to be given the option of windfall tax relief next week when Britain will unveil a series of measures to boost its energy security, the Financial Times reported on Friday. The report said that ministers have been discussing with the sector that if energy prices fell below a …
UK government expected to offer energy companies windfall tax relief -FT Read More »
By Amanda Cooper, Sruthi Shankar and Amruta Khandekar (Reuters) – Shares of Germany’s largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis. Wider indicators of financial market stress were also flashing, with the …
Deutsche Bank tumbles as jittery investors seek safer shores Read More »
LONDON/NEW YORK (Reuters) – U.S. banking stocks turned higher on Friday, shaking off tumbles in European giants Deutsche Bank and UBS amid worries there that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis. The S&P 500 Banks Index pared morning losses to briefly …
Instant View- U.S. banks bounce back from early global bank selloff Read More »
By Laura Matthews, Matt Tracy and Stefania Spezzati NEW YORK/LONDON (Reuters) -Some bankers and traders are grappling with how to interact with Credit Suisse across various markets including debt and foreign exchange, with some increasing scrutiny when dealing with the Swiss bank or its products, sources said. On Sunday, UBS offered to pay CHF 3 …
Banks scrutinize Credit Suisse products, interactions after takeover Read More »
By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector a “Wild West” riddled with fraud, …
Analysis-Coinbase, SEC on collision course for ‘existential’ clash over crypto industry Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts. They are adding fees for faster service, raising minimum …
Amazon, other retailers revamp ‘free’ shipping as costs soar Read More »
