OTTAWA (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES electric vehicle battery plant, is confident that the investment is good for the country and “is coming,” Finance Minister Chrystia Freeland said on Wednesday, hinting that a new deal may have been reached. “We’re very confident in the value of the Stellantis…
By Emilio Parodi and Giulio Piovaccari MILAN (Reuters) -Italy bade farewell to four-times prime minister Silvio Berlusconi on Wednesday at a funeral befitting the business tycoon’s colourful life, with mourners bellowing football chants and politicians arguing over a day of national mourning. Crowds waving the flags of the AC Milan soccer club Berlusconi used to…
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer’s chief financial officer said on Wednesday at an investor conference. Walmart does not break out sales of Flipkart and PhonePe but over the past few months, executives have…
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) – BlackRock Inc chairman and Chief Executive Officer Larry Fink said on Wednesday he is not planning to leave the world’s biggest asset manager “any time soon,” while his team unveiled plans for revenue growth. Fink, 70, said he has no plans to retire, but BlackRock…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve. The pan-European STOXX 600 index closed 0.4% higher. Banks, which tend to benefit from higher rates, rose 1.1%. Italy and Spain’s…
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund, named Bicycle I from growth equity firm Bicycle Capital, targets a total size of $500 million and aims to partner with startups across…
By Mathieu Rosemain, Chiara Elisei and Laura Lenkiewicz PARIS (Reuters) -Jean-Charles Naouri is set to lose his 30-year grip on debt-laden Casino unless he can come up with cash to see off rival bids for the French retailer, investment bankers and analysts said. French tycoon Xavier Niel and Czech billionaire Daniel Kretinsky are involved in…
(Reuters) – The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers’ control of their banking data, its director said Wednesday. The rule, called for under 2010’s sweeping Wall Street reform law, is likely to prove crucial to governing…
(Reuters) – The Consumer Financial Protection Bureau, the top U.S. agency supervising the retail financial services sector, is due to propose in October a long-awaited rule on consumers’ control of their banking data, its director said Wednesday. The rule, called for under 2010’s sweeping Wall Street reform law, is likely to prove crucial to governing…
(This June 12 story has been refiled to say Republican supporters, not Trump supporters in paragraph 3) By Jason Lange WASHINGTON (Reuters) – A vast majority of Republicans believe federal criminal charges against Donald Trump are politically motivated, according to a Reuters/Ipsos poll completed on Monday that also showed him far ahead of his nearest…
