Canada’s banking group says government ‘picking on’ financial sector – The Globe and Mail
Canadian flag flies in front of the Peace Tower on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2017. REUTERS/Chris...
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Spanish court rejects appeals to suspend banking tax payments
MADRID, Sept 11 (Reuters) - Spain's High Court has rejected appeals by lenders Bankinter (BKT.MC), Sabadell (SABE.MC) and Cajasur to...
UK watchdog to ‘ramp up’ checks on how banks assess risks
A person walks alongside the River Thames during sunrise, with London's financial district in the background, in London, Britain, April...
Dollar heads toward longest weekly winning streak since 2014, yuan plumbs 2007 low
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Sept 8...
Industry bodies urge EU to ditch euro clearing relocation plan
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, September 28, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing...
European private loan market falters as corporate credit stress mounts
Private debt fundraising and deals slowIndustry tested by new high rate environmentLending squeeze set to aggravate default risksLONDON, Sept 7 (Reuters) - Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest rate rises may be starting to cause funding stress and exacerbate economic pain.Fundraising and deal-making have dropped sharply at European private debt funds, new data shows.The European private credit industry, which flourished after the 2008 financial crisis as...
Smurfit Kappa in talks with WestRock to create paper and packaging giant
DUBLIN, Sept 7 (Reuters) - Smurfit Kappa is in discussions to merge with U.S. rival WestRock (WRK.N), the Irish firm...
European battery companies call on EU for more support
A woman holds a cable to charge up a Renault Kangoo ZE electric utility vehicle at a Renault automobile dealership...
SoftBank’s Arm aims for over $52 bln valuation in biggest US IPO of the year
Sept 5 (Reuters) - SoftBank Group's (9984.T) Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece and is looking to raise up to $4.87 billion at the top of the range, Arm said in a regulatory filing.The valuation that Arm is chasing now represents a climb-down from...
Biden takes shot at Trump on jobs in battleground Pennsylvania
PHILADELPHIA, Sept 4 (Reuters) - U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House.A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels."It wasn't that long ago we were losing jobs in this country," Biden...