(Reuters) -UBS Group is expected to face setbacks in its endeavor to dilute proposed Swiss legislation that would require maintaining up to $25 billion in additional capital, Bloomberg News reported on Monday, citing sources familiar with the matter. The Swiss government is expected to publish a draft bill in June that could mandate the Swiss …
UBS set to face setback in Swiss capital hike, Bloomberg News reports Read More »
AMSTERDAM (Reuters) -The Dutch government has lowered its stake in ABN Amro to around 30%, the lender said on Tuesday. The Dutch state had announced its intention to cut its stake last October. It held a majority of ABN Amro shares for years, but has been winding down its holding since early 2023. With its …
Dutch state lowers its stake in ABN Amro to around 30% Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Investors have taken in stride the Moody’s U.S. credit rating downgrade and are back pining for trade deals as a distinct lack of agreements from negotiations keep them on edge with the clock ticking on the United States’ 90-day pause. U.S. …
Morning Bid: Markets moody as traders look for trade deals Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) – Aeva Technologies said on Monday it is supplying sensors to a subsidiary of European aircraft manufacturer Airbus that is working to develop planes that can taxi to airport gates autonomously. Aeva, founded by former Apple and Nikon engineers, makes a lidar sensor that can map a three-dimensional view …
Aeva Technologies supplying sensors for Airbus autonomous gate taxi tests Read More »
By Ariane Luthi BUERGENSTOCK, Switzerland (Reuters) -UBS CEO Sergio Ermotti said on Monday that stricter regulation in the Swiss banking sector would benefit foreign competitors as he stepped up warnings on the risks of saddling the country’s largest bank with excessive capital requirements. UBS is awaiting details of the Swiss government’s plan to make the …
UBS CEO Ermotti steps up warnings on risk of excessive regulation Read More »
By Allison Lampert, Dan Catchpole (Reuters) -RTX and the union representing around 3,000 striking U.S. Pratt & Whitney workers are resuming talks on Thursday as the stoppage continues in its third week, spokespeople for both the company and union said on Monday. The International Association of Machinists and Aerospace Workers said the workers are on …
Striking Pratt engine workers to resume talks with RTX on Thursday Read More »
By Marc Jones LONDON (Reuters) -Central bank body the Bank for International Settlements has flagged a possible scramble for dollars could be triggered if whipsawed investors begin to unwind positions in the $113 trillion FX swap market amid U.S. volatility. The BIS recently estimated that funds and other non-bank financial firms had more than $80 …
Central bank body BIS flags potential for dollar scramble Read More »
By Foo Yun Chee BERLIN (Reuters) -Germany’s antitrust head Andreas Mundt on Monday addressed mounting concerns about the deviation in approaches between European regulators and their U.S. peers, saying the divergence is more in terms of rhetoric than substance. Such worries have been amplified in recent months by U.S government and lawmakers’ criticism of EU …
German antitrust head sees divergence in rhetoric with US peers, not in substance Read More »
MILAN (Reuters) -Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the authority said on Monday. Launched in 2017, San Francisco-based startup Replika offers users customised avatars that can have conversations with them. The ‘virtual …
Italy’s data watchdog fines AI company Replika’s developer $5.6 million Read More »
By David Lawder CALGARY (Reuters) -The U.S. Treasury does not anticipate any trade deal announcements as part of a Group of Seven finance leaders meeting this week in Canada, and will not agree to a joint communique unless it serves U.S. interests, a source briefed on U.S. participation in the meeting said. The source told …
