EU lawmakers approve legislation to make batteries greener
BRUSSELS, June 14 (Reuters) - The EU parliament approved on Wednesday new rules to make batteries more durable, more sustainable,...
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UK pension fund fights appeal in landmark fossil fuels lawsuit
Case challenges continued investments in coal, oilBritain's biggest private pension asks court to blockCould open other pension funds to similar...
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland (ADM.N) and Cargill (CARG.UL), valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal...
UBS completes Credit Suisse takeover to become wealth management behemoth
UBS has completed its takeover of Credit SuisseNew management changes announcedCredit Suisse CFO and General Council to leaveZURICH, June 12...
Shipping tax could yield $100 bln climate windfall
TINOS, June 12 (Reuters Breakingviews) - The shipping industry emits 2.9% of the world's greenhouse gases. It has also largely...
Factbox: Who are Crispin Odey and the hedge fund Odey Asset Management?
June 10 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations...
Troubled UK lender Amigo agrees for shareholder to seek financing options
June 9 (Reuters) - Troubled British subprime lender Amigo Holdings (AMGO.L) said on Friday it had granted shareholder Michael Fleming...
Analysis: Kim Kardashian seeks secret of private equity success as rising rates bite
BERLIN, June 8 (Reuters) - Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry.Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year.Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce"...
Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe
Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe.The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens...
US steps up crackdown on crypto with lawsuits against Coinbase, Binance
NEW YORK, June 6 (Reuters) - The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.The U.S. Securities and Exchange Commission on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a "web of deception".If successful, the lawsuits could transform the crypto...