By Nell Mackenzie LONDON (Reuters) -Investment fund manager Cheyne Capital is set to hire David D’Netto as a senior executive to replace former Chief Financial Officer David Hill, who is leaving for another investment firm, a source close to the matter told Reuters. D’Netto joins Cheyne Capital, which manages $13.5 billion, from his role as …
Cheyne set to hire D’Netto to replace outgoing CFO, source says Read More »
By Alun John and Dhara Ranasinghe LONDON (Reuters) -The prospect that France’s minority government could collapse soon triggered a sharp selloff in French stocks and bonds on Tuesday, pushing political risks from the euro zone’s second biggest economy back to the forefront of investors’ minds. Three main opposition parties said they would not back a …
French stocks, bonds tumble as government faces potential collapse Read More »
By Federico Maccioni, Hadeel Al Sayegh and Nell Mackenzie DUBAI/LONDON (Reuters) -Abu Dhabi alternative investment manager Lunate is acquiring a minority stake in hedge fund Brevan Howard, the two companies said on Tuesday, the latest high-profile investment by Abu Dhabi in a global asset manager. The two firms said in a statement they would set …
Abu Dhabi’s Lunate to take minority stake in Brevan Howard Read More »
By Riham Alkousaa and Sarah Marsh BERLIN (Reuters) -The Canadian Prime Minister announced Tuesday that a German-Norwegian partnership is one of the top contenders for Canada’s new submarine program, as Ottawa and Berlin also agreed to deepen cooperation on critical minerals. The long-time allies are strengthening their relationship through deeper cooperation on critical minerals and …
Thyssenkrupp defence unit short-listed in Canadian submarine deal, PM says in Berlin Read More »
By Gwladys Fouche OSLO (Reuters) – Norway’s $2 trillion wealth fund, the world’s largest, said on Monday it has divested from U.S. construction equipment group Caterpillar and from five Israeli banking groups on ethics grounds. The five banks are Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings, the fund …
Norway wealth fund excludes Caterpillar and five Israeli banks Read More »
BERLIN (Reuters) -European defence giant Rheinmetall plans to produce gunpowder and 155-mm artillery shells in Bulgaria under two joint venture agreements with a shared investment of more than 1 billion euros ($1.17 billion), the German firm said on Tuesday. Rheinmetall, one of the biggest beneficiaries of Europe’s push to upgrade its defence capabilities following Russia’s …
Rheinmetall to make shells, gunpowder in Bulgaria under 1 billion euro deals Read More »
By Rachel More BERLIN (Reuters) -Apple can no longer advertise its Apple Watch as a “CO2-neutral product” in Germany, following a court ruling on Tuesday that upheld a complaint from environmentalists, finding that the U.S. tech company had misled consumers. Apple had promoted the device online as “our first CO2-neutral product,” a claim found by …
Apple Watch not a ‘CO2-neutral product,’ German court finds Read More »
By Humeyra Pamuk (Reuters) -President Donald Trump’s administration is considering imposing sanctions on European Union or member state officials responsible for implementing the bloc’s landmark Digital Services Act, two sources familiar with the matter said, over U.S. complaints that the law censors Americans and imposes costs on U.S. tech companies. Such a move would be …
By Arsheeya Bajwa (Reuters) -Nvidia’s business in China will be the focus of investors when the AI chipmaker reports earnings on Wednesday, following an unusual deal with the Trump administration and Beijing’s subsequent efforts to stall imports. Caught in the crossfire of Washington and Beijing’s ongoing trade war, the fate of Nvidia’s China business hangs on …
Nvidia results to spotlight fallout of China-US trade war Read More »
MADRID (Reuters) -Telefonica is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona, news website El Confidencial reported on Tuesday, citing unidentified sources. Spanish government fund SEPI, holding company CriteriaCaixa and Saudi telecoms company STC, which together own almost 30% of Telefonica, support the plan, El Confidencial said. …
Telefonica considers making takeover bid for Vodafone Spain, El Confidencial reports Read More »
