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ZURICH (Reuters) – Swiss banking supervisor FINMA is in contact with Credit Suisse over media reports by a network of investigative journalists detailing client data leaks, the watchdog said on Monday. “We are aware of the articles,” a spokesperson said by email in response to an inquiry, citing its practice not to comment on individual …

Swiss watchdog in touch with Credit Suisse over client data leak reports Read More »

By Sonali Paul and Shashwat Awasthi MELBOURNE (Reuters) -Australia’s top power producer AGL Energy Ltd on Monday rejected an unsolicited $3.54 billion takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, sticking to its own spin-off tune. The surprise bid comes as AGL seeks to split itself in two – a retail …

Australia’s AGL Energy spurns surprise $3.5 billion bid, suitor Brookfield digs in Read More »

A look at the day ahead in markets from Julien Ponthus While the Kremlin complains about “daily” Western predictions of a Russian invasion of Ukraine, investors for their part have had no choice but to adjust to each day’s unique sabre rattling noise and assess the probability of a conflict hitting global financial markets. Today’s …

Marketmind: Pricing fifty shades of grey Read More »

(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion), …

French auto supplier Faurecia sees higher sales in 2022 Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economy returned to growth in the fourth quarter, expanding faster than expected, but the 2021 pace was one of the slowest in Southeast Asia and the recovery this year is likely to be modest as tourism remains well below pre-pandemic levels. The government maintained its gross …

Thai economy returns to growth in Q4, but recovery in 2022 seen slow Read More »

LONDON (Reuters) – Britain has an issue with Russian money funnelling through the City of London and it must be dealt with, Prime Minister Boris Johnson said on Sunday. Johnson has threatened to impose harsh sanctions on Russia if it invades Ukraine, with Russian companies blocked from raising capital on financial markets, and the ownership …

UK must deal with Russian money in the City, Johnson says Read More »

By Stephen Jewkes and Elvira Pollina MILAN (Reuters) -A group of investors led by Boston Celtics co-owner Stephen Pagliuca has agreed to buy into Italian Serie A club Atalanta. The deal is the latest U.S.-led investment in Italy’s top soccer league following the acquisitions of Genoa, AC Milan, Fiorentina, Spezia, AS Roma and Venezia. Nine …

Boston Celtics co-owner buys into Serie A club Atalanta Read More »

MEXICO CITY (Reuters) – A vote in which nearly 1,700 workers at Mexico’s Tridonex auto-parts plant will have the chance to elect a new union has been pushed back one week to Feb. 28, according to an official document seen by Reuters on Saturday. Workers at the plant in the northern Mexico city of Matamoros …

Key union vote in Mexico border city moved to Feb. 28 Read More »