Author Archives: Syndicated Content
Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) - Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a ...
May 10, 2023
Sweden's SOBI makes $1.7 billion offer to buy CTI BioPharma
COPENHAGEN (Reuters) - Drug maker Swedish Orphan Biovitrum (SOBI) said on Wednesday it had agreed to make a $1.7 billion cash offer to buy CTI BioPharma, a U.S. biopharmaceutical company focused on bl...
May 10, 2023
UAE's ADNOC to offer 15% stake in logistics unit IPO
DUBAI (Reuters) - Abu Dhabi oil giant ADNOC intends to offer 15% of its shares in unit ADNOC Logistics & Services (ADNOC L&S) through an initial public offering (IPO) on the Abu Dhabi stock exchange, ...
May 10, 2023
Mitsubishi Heavy expects record defence orders as Japan builds up its forces
TOKYO (Reuters) - Mitsubishi Heavy Industries on Wednesday said it expects to see record defence orders this business year as Japan embarks on its biggest military build up since World War Two. Japan'...
May 10, 2023
Train maker Alstom expects higher 2023 operating margin
(Reuters) - French train maker Alstom on Wednesday said it expected its operating margin to rise in the current fiscal year, saying market momentum remained very positive with an growing pipeline of o...
May 10, 2023
German exporters disappointed as China Q1 rebound passes them by
BERLIN (Reuters) - German exports to China fell at the start of the year as business hopes for a revival following Beijing's lifting of strict measures to control COVID-19 were not fulfilled. While to...
May 10, 2023
Uber launches UK flight ticket bookings - FT
(Reuters) - Uber Technologies Inc has launched international and domestic flight bookings on its UK app, the Financial Times reported on Wednesday. The move is "the latest and most ambitious step" in ...
May 10, 2023
ABN Amro Q1 net profit jumps 77% on higher rates and lower costs
AMSTERDAM (Reuters) - Dutch bank ABN Amro on Wednesday beat analyst expectations with a 77% jump in first-quarter net profit to 523 million euros ($576 million), helped by rising interest rates and lo...
May 10, 2023
Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow
By Andrea Shalal and David Lawder NIIGATA, Japan/WASHINGTON (Reuters) - Treasury Secretary Janet Yellen lands at Japan's G7 finance meeting this week, with her ambitious economic agenda hijacked by a ...
May 10, 2023
Analysis-Options investors guard against U.S. stock tumble, despite buoyant markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Options market demand for insurance against a stock market crash has soared to multi-month highs, even as equities have calmed down after a choppy start to th...
May 10, 2023
