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VIENNA (Reuters) -Austrian prosecutors said on Tuesday they were bringing an insolvency-related fraud case against the former billionaire founder of the collapsed Signa property group, Rene Benko. Benko has been in custody for more than five months as the Central Prosecutors’ Office for Economic Crimes and Corruption (WKStA) carries out a wide-ranging investigation into a …

Austrian prosecutors bring fraud case against fallen property tycoon Benko Read More »

(Reuters) -Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday. The UK’s Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation, it said on Tuesday. …

SLB’s ChampionX deal clears final hurdle with UK approval Read More »

By Anna Ringstrom and Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom equipment maker Ericsson reported on Tuesday a swing to a bigger second-quarter adjusted profit than expected, helped by sales growth in North America and cost cuts, but said U.S. tariffs dampened a rise in its profit margin. Ericsson’s shares fell 3% in early trading after …

Ericsson Q2 profit beats expectations, but US tariffs crimped margin growth Read More »

HONG KONG (Reuters) -Standard Chartered will allow institutional clients to trade bitcoin and ether through its UK branch, the bank said on Tuesday, becoming what it said was the first global systemically important bank to offer such crypto services. Some financial institutions have said they are seeing more client demand for crypto products as the …

Standard Chartered launches bitcoin, ether spot trading for institutional clients Read More »

By Lawrence White and Sam Tabahriti LONDON (Reuters) -Britain’s central bank on Tuesday delayed implementing a key part of new, global rules governing banks’ trading activities by a year to 2028, as it waits for clarity on what other jurisdictions including the United States will do. As part of a series of changes unveiled to …

BoE delays Basel bank trading rule to 2028 Read More »

(Reuters) -Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday. The sale of Societe Generale Cameroun, the value of which was not disclosed, will cover more than 58% shares in the subsidiary, pushing the stake held by Cameroon to 83.7%. The deal, …

Societe Generale agrees to sell local unit to State of Cameroon Read More »