By Divya Rajagopal TORONTO (Reuters) -The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG, a person familiar with the matter told Reuters on Thursday. Earlier this week, the Swiss regulator ordered 16 …
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s initial offer to address EU antitrust complaints filed by rivals is insufficient and the U.S. software giant needs to do more, German software provider Nextcloud said, as regulators consider whether to open a formal investigation. French cloud computing services provider and complainant OVHcloud is also waiting …
Exclusive-Microsoft must do more to resolve antitrust issues, rivals say Read More »
By Giuseppe Fonte and Alexander Marrow ROME/MOSCOW (Reuters) -Italian Prime Minister Giorgia Meloni vetoed a takeover deal by a cloud services provider due to links with Russian internet giant Yandex, according to a government document and three people familiar with the matter. The decision marks the first time that Meloni’s administration has used its so-called …
Italy’s Meloni vetoes Russian-linked takeover of tech company Read More »
By Akash Sriram (Reuters) – Finnish entrepreneur Thomas Zilliacus has placed a bid for Manchester United and is willing to pay a premium for the English soccer club, the former Nokia executive told Reuters on Thursday. A small portion of the club’s shares is listed on the New York Stock Exchange. The market capitalization was more …
Finnish businessman Zilliacus ready to pay premium for Manchester United Read More »
PARIS (Reuters) – French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault’s charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied …
Renault in talks with Nissan on EV charging in Europe -Renault executive Read More »
By Joan Faus and Andres Gonzalez BARCELONA/LONDON (Reuters) – Hedge fund manager Christopher Hohn on Thursday wrote to Cellnex demanding Europe’s largest mobile phone tower operator remove its chairman and two other board members, and said the search for a new chief executive has been mishandled. Hohn, who runs hedge fund TCI Fund Management, owns …
Fund manager Hohn demands Cellnex board changes to speed CEO search Read More »
By Horaci Garcia and Ingrid Melander PARIS (Reuters) -Police fired tear gas to repel violent black-clad anarchists in Paris on Thursday as hundreds of thousands of mainly peaceful protesters marched across France against President Emmanuel Macron’s plan to raise the pension age. In a ninth day of nationwide protests, train and air travel was disrupted …
Violence hits Paris in day of protests over Macron’s pension changes Read More »
(Reuters) – Billionaire Richard Branson’s cash-strapped satellite launch company Virgin Orbit Holdings said on Thursday it is in talks with “interested parties” about an investment in the company. Reuters reported on Wednesday that Texas venture capital investor Matthew Brown was nearing a deal to invest $200 million in the space startup via a private share …
Virgin Orbit says space startup in talks with potential investors Read More »
By John Revill and Noele Illien ZURICH (Reuters) -The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and said UBS’s takeover of Credit Suisse had averted a financial disaster, adding it was now critical the merger took place in a smooth and fast way. The multi-billion Swiss francs rescue …
Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis Read More »
By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) – The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes. Sounding more upbeat about the outlook for …
Bank of England raises rates, says inflation set to fade Read More »
