By Ariane Luthi and Oliver Hirt ZURICH, Dec 5 (Reuters) – The Swiss government is set to soften part of a banking regulation package that could force UBS to add as much as $24 billion in capital, three people familiar with the matter said. The government is preparing to water down some of the rules …
Exclusive-Swiss government set to water down part of UBS capital rules, sources say Read More »
Dec 5 (Reuters) – The European Union should drop a looming carbon border tax that risks pushing its aluminium sector into long-term decline by inflating costs and benefiting more polluting overseas suppliers, the CEO of aluminium products maker Constellium said on Friday. The EU’s Carbon Border Adjustment Mechanism, which will impose a levy on imports …
Dec 6 (Reuters) – The EU will take a top-down approach to building a cross-border energy grid, as the bloc’s Energy Commissioner Dan Jorgensen warned of billions lost from bottlenecks and failures to match supply with demand, the Financial Times reported on Saturday. Brussels will develop a plan to identify where investment is needed and …
EU plans strategic overhaul to fix energy grid bottlenecks, FT reports Read More »
BRUSSELS, Dec 5 (Reuters) – European Commission President Ursula von der Leyen and German Chancellor Friedrich Merz said they held “very constructive” talks with Belgian Prime Minister Bart De Wever on Friday over an EU plan to use Russian frozen assets to fund Ukraine, which Belgium has so far refused to endorse. The European Commission …
LONDON, Dec 5 (Reuters) – A key group of Ukraine’s creditors said on Friday more time was needed to decide whether to back Kyiv’s plan to replace $2.6 billion of its GDP-linked debt for new bonds and up to $180 million in cash. In a statement, the Ad Hoc Group of warrantholders said “there still …
MILAN, Dec 5 (Reuters) – Monte dei Paschi di Siena on Friday expressed support for its chief executive, who is under criminal investigation in connection with the bank’s takeover of Mediobanca. “The board … unanimously renewed its full confidence in Chief Executive Luigi Lovaglio, confirming he complies with … requirements set for bank executives,” the …
Monte dei Paschi board expresses full confidence in CEO Lovaglio Read More »
(Corrects spelling of first name of Barclays executive in paragraph 8) By Amy-Jo Crowley and Charlie Conchie London, Dec 5 – Barclays has been exploring a potential acquisition of Evelyn Partners, one of Britain’s largest wealth managers, and is expected to place a bid next week, three people familiar with the matter told Reuters. Evelyn’s …
Barclays explores bid for British wealth manager Evelyn, sources say Read More »
Dec 5 (Reuters) – Anheuser-Busch InBev on Friday said it plans to acquire a majority stake in the U.S.-based ready-to-drink beverage brand BeatBox for about $490 million. The deal would give Anheuser-Busch ownership of 85% of the company, with a path to 100% after five years based on a predetermined pricing formula. The transaction is expected …
AB InBev to acquire 85% stake in beverage maker BeatBox for $490 million Read More »
PARIS, Dec 5 (Reuters) – Spanish bank Santander has agreed to settle a tax fraud case opened in France in 2011 on with a payment of 22.5 million euros ($26.18 million), the Paris prosecutor said on Friday in a statement. The settlement ends an investigation opened in 2011 after Santander flagged potential wrongdoings at its …
Santander agrees to $26 million settlement in France tax fraud case Read More »
(Corrects Dec. 2 story to say pounds not euros, and changes USD conversion figure, in paragraph 2) Dec 2 (Reuters) – TAE Technologies, a private company backed by Alphabet’s Google and Chevron, said on Tuesday it had formed a joint venture with the United Kingdom’s nuclear agency to develop neutral beams for nuclear fusion. Under …
Google-backed TAE Technologies forms JV with UK’s nuclear agency (Dec 2) Read More »
