By Iain Withers and Lawrence White LONDON (Reuters) -Europe’s biggest bank HSBC will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC said it will invest the cash into HSBC Asset Management’s (HSBC AM) alternative credit …
HSBC to inject $4 billion into its private credit funds Read More »
BRUSSELS (Reuters) -The European Union said on Monday it had approved a joint venture between BAE Systems (Holdings) Limited, Japan Aircraft Industrial Enhancement Co Ltd and Leonardo S.p.A., which will be the prime contractor and lead systems integrator for the Global Combat Air Programme. The joint venture will develop a sixth-generation combat aircraft for use …
EU approves British, Italian, Japanese joint venture for combat aircraft Read More »
PARIS (Reuters) -France will not renew a two-year measure that required its biggest banks including BNP Paribas and Societe Generale to hold extra capital against their exposure to highly indebted companies, the financial stability council said on Monday. The measure, put in place in August 2023, requires the French lenders, which also includes Credit Agricole …
France to drop extra capital demand for banks exposed to indebted companies Read More »
By Dominique Patton and Geert De Clercq PARIS (Reuters) -France’s Sanofi has agreed to buy U.S.-based Blueprint Medicines Corporation for up to $9.5 billion to boost its position in rare immunology diseases, in the biggest deal struck by a European healthcare company so far this year, according to LSEG data. Blueprint is a specialist in …
Sanofi to buy US biopharma group Blueprint for up to $9.5 billion Read More »
LONDON (Reuters) -Marks & Spencer’s Chief Executive Stuart Machin saw his total pay package increase 39% to 7.1 million pounds ($9.6 million) in the British retailer’s 2024/25 financial year, its annual report showed on Monday. Following a damaging cyberattack in April this year, from which M&S is still recovering, the company’s Remuneration Committee considered whether …
M&S boss received 39% pay hike in 2024/25 before cyberattack Read More »
By Nick Carey LONDON (Reuters) -Tesla’s car sales fell sharply in several European markets including Sweden and Portugal in May, a fifth consecutive monthly decline that has been blamed on CEO Elon Musk’s political activities and an outdated model lineup. However, Norway, where Tesla has started delivering revamped versions of its midsize SUV Model Y, …
Tesla’s European sales rout continues but new Model Y boosts Norway deliveries Read More »
By Stefania Spezzati LONDON (Reuters) -A Zurich-based law firm has filed a complaint with the Swiss Federal Supreme Court challenging a tribunal’s delay in addressing investors’ claim on the write-down of Credit Suisse bonds, a legal filing seen by Reuters shows. Hundreds of bondholders in April 2023 sued market regulator FINMA at the Swiss administrative …
By Johann M Cherian (Reuters) -Sterling had a firm start to the week on Monday, as investors assessed a domestic defence plan and a batch of better-than-expected British economic data, while simmering trade tensions between the U.S. and China eroded appetite for the dollar. The mood among investors generally was sour, after U.S. President Donald …
Sterling firms with focus on defence plan, weaker dollar Read More »
MADRID (Reuters) -Tesla’s new car sales in Spain and Portugal fell in May from the same month in 2024, registration data released by industry groups in both countries showed on Monday, while sales of electric cars from other brands soared. The U.S. EV maker sold 794 cars in Spain and 292 cars in Portugal in …
New Tesla sales in Spain, Portugal fall in May, while other EV sales soar Read More »
(Reuters) -Polish state-controlled insurer PZU plans to merge with lender Pekao, the companies said on Monday, in a potential deal that would create a financial group with a combined market value of more than 100 billion zlotys ($26.9 billion). The potential tie-up, which would rank as the biggest financial M&A transaction in Europe for at …
Poland’s PZU, Pekao plan potential $27 billion tie-up Read More »
