EU watchdog scrutinises banks’ defences after SVB, Credit Suisse woes
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing...
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EBRD expects Ukraine investment to stay near 1.5 bln euros a year -president
President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso addresses the Ukraine Recovery Conference in London, Britain...
Hitachi seeks EU okay for Thales deal with asset sales in France, Germany
The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsBRUSSELS, Sept 18 (Reuters) - Hitachi (6501.T) has offered to sell assets in France and Germany in a bid to address EU antitrust concerns about its proposed 1.7 billion-euro ($1.8 billion) buy of Thales' (TCFP.PA) GTS railway signalling business, a Hitachi spokesperson said on Monday.The Japanese conglomerate submitted its remedy offer last week to the European Commission, which is expected to seek feedback from Hitachi customers and rivals before...
U.S.-Iran detainee swap deal to go ahead on Monday, says Tehran
The Iranian and U.S. flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo...
Japan’s yen in spotlight ahead of ‘live’ BOJ meeting
Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSINGAPORE,...
Bank of Montreal to close retail auto finance business, flags job losses
A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third largest bank said on Saturday.The move, applicable in Canada and the United States, comes after BMO's bad debt provisions in retail trade surged to C$81 million ($60...
Brazil’s president calls U.S. economic embargo on Cuba ‘illegal,’ condemns terrorist list label
Cuba's President Miguel Diaz-Canel and Brazil's President Luiz Inacio Lula da Silva review an honour guard at the Revolution Palace...
US factory production up slightly ahead of auto strike; inflation slowing
Manufacturing production rises 0.1% in AugustImport prices increase 0.5%; down 3.0% year-on-yearExport prices jump 1.3%; decline 5.5% year-on-yearWASHINGTON, Sept 15...
Citigroup’s Europe unit CEO Braden to leave after 25 years, source says
Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. REUTERS/Kevin Coombs/File Photo Acquire Licensing RightsLONDON, Sept 15 (Reuters) - Kristine Braden, CEO of Citigroup's main operations in continental Europe, is leaving the firm after 25 years as part of a wider organisational change announced by the U.S. bank earlier this week, according to an internal memo seen by Reuters.Braden was CEO of Citibank Europe and previously held a number of senior roles, including leading the Citigroup Global Markets Europe AG unit."I have had an...
SoftBank’s Arm soars nearly 25% in market debut to $65 billion valuation
Sept 14 (Reuters) - Shares in SoftBank's Arm Holdings (ARM.O) soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO).The stock, which had opened at $56.10, notched a 24.68% gain to close at $63.59, giving the British chip designer a valuation of $65 billion in its return to public markets following a seven-year absence. The IPO had priced at $51.Arm's strong performance suggests that investor demand for initial public offerings, which had been hit hard...