(Reuters) -The EU and United States are closing in on a trade deal that would impose 15% tariffs on European imports, similar to the agreement U.S. President Donald Trump struck with Japan this week, the Financial Times reported on Wednesday. Both the EU and US would waive tariffs on some products, including aircraft, spirits and …
US and EU close in on 15% tariff deal, FT reports Read More »
By Arasu Kannagi Basil (Reuters) -Corpay will buy British peer Alpha Group in a $2.2 billion (1.6 billion pounds) cash deal, the U.S.-based business payments firm said on Wednesday, to expand in the fast-growing private markets. The private markets business is gaining traction globally as institutional investor clients seek more efficient and tech-enabled services. Alpha, …
Payments firm Corpay to buy UK’s Alpha Group in $2.2 billion private markets push Read More »
BERLIN (Reuters) -Swiss International Airlines, part of the Lufthansa group, will resume flights to Tel Aviv in Israel on September 29, the airline said on Wednesday after deciding in June to suspend the route as regional tensions escalated. “A renewed assessment of the situation has shown that an earlier resumption is possible,” it said in …
Swiss to resume flights to Tel Aviv at end of September Read More »
By Anna Peverieri (Reuters) -French high-tech industrial group Exail Technologies on Wednesday reported a 52% rise in second-quarter sales, as geopolitical tensions fuel military spending in Europe. The underwater drone maker reported quarterly revenue of 126 million euros ($148 million), boosted by programmes to counter mines and solid navigation system deliveries. “The defense sector is …
French underwater drone maker Exail’s Q2 sales rise more than 50% Read More »
By Muvija M LONDON (Reuters) -Britain on Wednesday told Apple and Google to be fairer in how they distribute apps on their mobile platforms, setting out possible interventions as it plans to designate the U.S. tech companies with strategic market status over their duopoly. The country’s competition regulator, which was given a wider remit this …
UK steps up scrutiny of Apple and Google over mobile platforms Read More »
LONDON (Reuters) -Barclays has appointed former Deutsche Bank executive Alex Ham as global chairman of investment banking, the British lender said on Wednesday. Ham was most recently co-CEO of Deutsche Neumis and head of global private growth capital at Deutsche Bank, with a focus on clients in the venture capital and technology sectors, where Barclays …
Barclays hires global chairman of investment banking Read More »
By Sam Tabahriti LONDON (Reuters) -Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain’s top court on Wednesday after a years-long fight to clear his name. The UK Supreme Court unanimously allowed Hayes’ appeal, quashing his 2015 conviction of eight counts of conspiracy to defraud by manipulating …
Ex-trader Tom Hayes wins appeal to overturn rate-rigging conviction Read More »
By Polina Devitt and Sherin Elizabeth Varghese (Reuters) -Silver prices surged to their highest in almost 14 years on Wednesday, aided by worries about U.S. tariff policy, signs of tightness in the spot market and growing investor interest in alternatives to gold. Spot silver was up 0.3% at $39.40 per troy ounce as of 1354 …
Silver’s hot streak gathers pace; market at highest since 2011 Read More »
MADRID (Reuters) -Iberdrola does not expect any financial impact from potential compensation claims in relation to the blackout that hit Spain and Portugal on April 28, Spain’s biggest power utility said as it reported half-year results on Wednesday. Redeia-owned grid operator REE has accepted that the outage was triggered by a surge in voltage but …
Iberdrola expects no financial impact from potential blackout claims Read More »
By Arsheeya Bajwa (Reuters) -Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thursday, while revenue is expected to drop for a fifth straight quarter, according …
Intel’s chip contracting plan in spotlight on earnings day Read More »
