By Valentina Za MILAN (Reuters) -Mediobanca on Friday renewed its opposition to Monte dei Paschi’s takeover offer, saying the price was “totally inadequate” and some 32% lower than what the bank’s board deemed fair. Monte dei Paschi’s (MPS) 14.6 billion euro ($17 billion) all-share bid for Mediobanca is one of a dozen takeover bids reshaping …
Italy’s Mediobanca says MPS bid’s value a third lower than fair Read More »
BRUSSELS (Reuters) -The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats said. The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after …
European Commission proposes Russian oil price cap 15% below global price Read More »
By Julia Payne and Philip Blenkinsop BRUSSELS (Reuters) -The European Union braced on Friday for a possible letter from U.S. President Donald Trump outlining planned duties on the United States’ largest trade and investment partner after a broadening of his tariff war in recent days. The EU initially hoped to strike a comprehensive trade agreement, …
EU awaits Trump letter as markets digest latest tariff salvo Read More »
By Arriana McLymore and Anuja Bharat Mistry NEW YORK (Reuters) -Levi Strauss has a simple strategy to deal with U.S. tariffs: stop offering less-popular styles during the holiday shopping season so they can avoid having to offer discounts to move inventory. The leading maker of jeans and other denim clothes on Thursday lifted its annual …
Levi Strauss limits selection for holiday shopping season due to tariffs Read More »
By Niket Nishant, Manya Saini and Hannah Lang (Reuters) -Crypto investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class. Those hopes helped propel bitcoin to another high on Friday and gave a boost to U.S.-listed crypto stocks. Starting on Monday, …
Crypto investors look ahead to policy wins, propelling bitcoin to record high Read More »
ROME (Reuters) -BPER Banca has successfully closed its voluntary public tender and exchange offer for Banca Popolare di Sondrio, reaching 58.49% ownership, a stake that guarantees its full control, the company said on Friday In February, BPER launched an all-share takeover bid for BPSO as dealmaking picked up in the Italian financial sector. Last week, …
BPER Banca secures 58.49% stake in Banca Popolare di Sondrio Read More »
By Simon Jessop and Virginia Furness LONDON (Reuters) -Britain’s HSBC became the latest bank to leave the industry’s climate coalition on Friday, following in the footsteps of major U.S. lenders as some governments’ net zero ambitions cool. HSBC said while it recognised the role played by the Net-Zero Banking Alliance (NZBA) in developing guiding frameworks …
HSBC joins US banks in quitting climate coalition Read More »
By Akash Sriram (Reuters) -Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector. The company develops cameras that enable machines and devices to perceive the world in three dimensions, allowing them to …
RealSense spins out from Intel, secures $50 million to drive AI vision in robotics Read More »
By Blake Brittain (Reuters) -Novartis cannot block drugmaker MSN Pharmaceuticals from launching a generic version of its blockbuster heart-failure drug Entresto before its patent expires late next year, a Delaware federal judge said on Friday. U.S. District Judge Richard Andrews rejected Novartis’ argument that MSN’s generic would infringe one of its patents and denied its …
Novartis loses bid to block US Entresto generic through 2026 Read More »
By Kane Wu and Yantoultra Ngui SINGAPORE (Reuters) -Macquarie Asset Management has shortlisted Brookfield Asset Management, Stonepeak and French gas supplier Air Liquide for the final bidding round for South Korean industrial gas firm DIG Airgas, three people with knowledge of the matter said. Binding bids for South Korea’s third largest industrial gas producer are …
