By Nell Mackenzie and Anirban Sen LONDON/NEW YORK (Reuters) -Hedge funds returned 1.3% in September, with managers in Europe, Asia and the Middle East outperforming their North American rivals, according to a JPMorgan client note on Thursday that was seen by Reuters on Friday. Global equities in September climbed 3.4%. An index of developed market sovereign …
MILAN/PARIS (Reuters) -Senior executives at EDF are meeting with investment bankers in Paris as the French utility weighs options for its Italian business Edison, including a return to the stock market, three sources said on Wednesday. Under the leadership of new CEO Bernard Fontana, state-owned EDF has started reviewing its assets as it seeks to …
EDF sounds out banks as it weighs IPO option for Edison, sources say Read More »
BRUSSELS (Reuters) -EU lawmakers voted on Wednesday to ban the use of the term “veggie-burger” and limit food descriptions such as steak, escalope and sausage to products containing meat, part of a proposed EU law to protect farmers. Lawmakers at the European Parliament voted by 355 to 247 in favour of an amendment to a …
By Hannah Lang and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability. Buoyed by President Donald Trump’s pro-crypto stance and his administration’s …
Crypto race to tokenize stocks raises investor protection flags Read More »
By Kirstin Ridley LONDON (Reuters) -Lloyds Banking Group helped propel banking stocks higher on Wednesday after the UK markets regulator published proposals for a redress package for motor finance mis-selling that was lower than expected by some analysts. Shares in the British bank, a leading motor finance lender, rose 2.6% by 1115 GMT following publication …
Lloyds leads bank stocks higher on lower-than-feared bill for motor finance scandal Read More »
By Anshuman Tripathy (Reuters) -Shares of Joby Aviation fell more than 11% on Wednesday after the electric air-taxi maker priced a $514 million discounted share sale. The Santa Cruz, California-based company on late Tuesday sold 30.5 million shares at $16.85 per share, representing a 10.9% discount to the stock’s previous close. Joby said it would …
Joby Aviation shares tumble after pricing of $514 million discounted offering Read More »
BRUSSELS (Reuters) -U.S. tech giant Google announced on Wednesday plans to invest 5 billion euros ($5.80 billion) in Belgium, which the compay said would create a further 300 jobs in the country. Google added the investment would focus on the AI sector and on expanding its data centre campuses in Belgium. Google also announced deals …
Google to invest 5 billion euros in Belgium, creating 300 jobs Read More »
ZURICH (Reuters) -UBS said on Wednesday it was examining the impact of the bankruptcy of First Brands on several of its investment funds, with the Swiss bank exposed to the tune of more than $500 million to the collapsed U.S. auto parts supplier. Switzerland’s biggest lender has exposure to First Brands debt and through supply …
UBS examines hit to funds from $500 million First Brands exposure Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union should ease its CO2 reduction targets for cars, vans and trucks, with longer compliance periods and a greater role for hybrid vehicles and alternative fuels, the bloc’s auto association said on Wednesday. The European Automobile Manufacturers’ Association (ACEA) presented proposals to the European Commission, which is due …
EU auto group pushes hybrids, e-fuels in CO2 emission goal review Read More »
(Corrects paragraph 3 to say Revolution Wind expected to begin operations in second half of 2026, not second quarter) COPENHAGEN (Reuters) -Danish offshore wind developer Orsted maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company’s CEO Rasmus Errboe told reporters on Tuesday. …
Orsted plans US Sunrise Wind for H2 2027, says Revolution back on track Read More »
