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DUBAI (Reuters) – Lazard is strengthening its footprint in the United Arab Emirates by opening an office in the capital city of Abu Dhabi which will serve as the investment bank’s main financial advisory hub in the country, it said on Tuesday. “We are excited to reinforce our presence in the UAE, a country of …

Lazard boosts UAE footprint with financial advisory office in Abu Dhabi Read More »

By Svea Herbst-Bayliss and Arsheeya Bajwa (Reuters) -Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday. Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage …

Elliott builds $1.5-billion stake in Hewlett Packard Enterprise Read More »

(Reuters) -JPMorgan Chase & Co CEO Jamie Dimon has sold about $31.5 million worth of the bank’s shares, according to a regulatory filing. Dimon had also offloaded some shares last year in his first such sale since taking over the top role in 2005. JPMorgan, the largest U.S. lender, last week surpassed its first-quarter profit …

Jamie Dimon sells about $31.5 million worth of JPMorgan shares Read More »

By Patrick Wingrove, David Lawder (Reuters) -The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed. The filings …

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs Read More »

By Patrick Wingrove and Bhanvi Satija (Reuters) -Johnson & Johnson Chief Executive Joaquin Duato said on Tuesday that tariffs on pharmaceuticals can create supply chain disruptions and that favorable tax policies would be a more effective tool to boost U.S. manufacturing capacity of both drugs and medical devices. Duato, during an investor call to discuss …

Johnson & Johnson CEO warns US tariffs may disrupt drug supply Read More »

(Reuters) – Airbus expects to finalise an agreement to buy part of the assets of Spirit AeroSystems by the end of the April and close the deal by mid-year, “ideally by June 30”, Chief Financial Officer Thomas Toepfer told shareholders. Airbus has been negotiating for around a year to take over work carried out by …

Airbus expects to finalise Spirit Aero deal this month, CFO says Read More »

MILAN (Reuters) -Stellantis Chairman John Elkann said on Tuesday U.S. tariffs and strict European Union emissions standards were threatening the industry, as the automaker continued its search for a new chief executive. “With the current path of painful tariffs and overly rigid regulations, the American and European car industries are being put at risk,” amid …

Stellantis chair says US tariffs, EU rules put auto industry at risk Read More »

By Pritam Biswas, Saeed Azhar and Niket Nishant (Reuters) -Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. As markets whipsawed around U.S. President Donald Trump’s tariff policies, the second-largest U.S. lender …

BofA stock surges after boosting profit on trading gains, interest income Read More »