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BlackRock adds to key executive committee in talent shuffle, Financial Times reports

16 Sep 2025

(Reuters) -BlackRock on Tuesday added 20 of its top executives to a committee which plays a vital role in shaping strategy for the world’s largest asset manager, the Financial Times reported on Tuesday citing a letter from chief executive Larry Fink and president Rob Kapito. The appointments to BlackRock’s global executive committee include Sarah Melvin, …

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Trump files $15 billion defamation case against New York Times, Penguin Random House

16 Sep 2025

By Jack Queen (Reuters) – President Donald Trump has filed a $15 billion defamation lawsuit against the New York Times and book publisher Penguin Random House, his latest legal assault on major media companies he accuses of treating him unfairly. The lawsuit filed on Monday in Florida federal court centers on a book about Trump …

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Goldman exec Fadi Abuali to retire after nearly three decades, memo says

16 Sep 2025

(Reuters) -Goldman Sachs’ co-chief of the Middle East and North Africa region, Fadi Abuali, will retire, according to an internal memo seen by Reuters on Tuesday. Abuali, a senior executive who spent nearly 28 years at the Wall Street bank, also co-headed bank’s Asset Management International. He joined Goldman in 1997 as an associate and …

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UK budget watchdog expects to downgrade productivity outlook, FT reports

16 Sep 2025

LONDON (Reuters) – Britain’s budget watchdog has told finance minister Rachel Reeves that it was likely to downgrade its productivity forecasts, adding to fiscal pressures ahead of her annual budget on November 26, the Financial Times reported on Tuesday. “We don’t know precisely what they are going to say on productivity, but we have been …

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JLR’s UK factory stoppage from cyber attack stretches to three weeks

16 Sep 2025

By Sam Tabahriti LONDON (Reuters) – Britain’s largest carmaker, Jaguar Land Rover, said a pause in production due to a cyber attack would now stretch to September 24, extending the stoppage at its British plants to more than three weeks. The luxury carmaker, owned by India’s Tata Motors, said it shut down its systems in …

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Germany’s ProSiebenSat.1 warns on profit amid tough economy

16 Sep 2025

By Elvira Pollina and Paolo Laudani (Reuters) – German broadcaster ProSiebenSat.1 on Tuesday cut its 2025 profit and revenue forecasts, citing challenges from an uncertain macroeconomic environment in German-speaking markets. The outlook cut was announced after Italy’s Berlusconi family-backed MFE-MediaForEurope closed a takeover bid for ProSieben earlier this month, securing a 75.1% stake in the …

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Financials drag London stocks lower ahead of Fed’s rate decision

16 Sep 2025

By Sanchayaita Roy (Reuters) – British stocks closed lower on Tuesday, led by rate-sensitive banks and insurers, as investors remained cautious ahead of the widely expected U.S. Federal Reserve interest-rate cut decision on Wednesday. The benchmark FTSE 100 dropped 0.9%, while the domestically focused FTSE 250 was down 0.7%. The U.S. central bank will kick …

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Insurers lose bid to appeal London judgment over jets lost in Russia

16 Sep 2025

LONDON (Reuters) -Western insurers on Tuesday lost a London High Court bid to appeal against a judgment that hands aircraft lessors $1.0 billion-plus from their war risks insurance policies to cover the loss of jets stuck in Russia since the invasion of Ukraine. Judge Christopher Butcher told the court he was refusing permission to appeal …

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Swiss economy minister signs Mercosur agreement in Brazil

16 Sep 2025

ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin on Tuesday formally signed a free trade agreement that was concluded earlier this year with the Mercosur states, his ministry said. Parmelin signed the deal in Rio de Janeiro with representatives of the other member states of the European Free Trade Association (EFTA), his ministry said in a …

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STOXX 600 hits one-week low as banks, insurers slide ahead of Fed decision

16 Sep 2025

By Tristan Veyet and Johann M Cherian (Reuters) – European shares fell more than 1% at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the run-up to the U.S. Federal Reserve’s highly anticipated monetary policy verdict on Wednesday.  The pan-European STOXX 600 index closed down 1.15% to 550.73 – a …

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