By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) -European shares fell on Friday as concerns that global interest rates could stay elevated for longer took centre stage, while UBS shares jumped after the Swiss lender ended a state guarantee granted for its takeover of Credit Suisse. The pan-European STOXX 600 dropped 1.1%, with…
(Reuters) -The U.S. Securities and Exchange Commission (SEC) has begun an investigation into Illumina’s $7.1 billion acquisition of cancer detection test maker Grail, the gene sequencing company said in a regulatory filing. The regulator has requested documents and communications related to the acquisition along with certain statements and disclosures about the “conduct and compensation” of…
(This Aug. 9 story has been corrected to show that a judge found the SEC had a plausible claim that the Terra USD token qualified as a security in paragraph 8) By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that…
(Reuters) -Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses cranked up air conditioners to escape a lingering heat wave. The Electric Reliability Council of Texas, which operates the grid for more than 26 million customers representing…
By Adrees Latif and Daina Beth Solomon EAGLE PASS, Texas (Reuters) – The leafy trees on Magali and Hugo Urbina’s 350-acre orchard next to the Rio Grande river in Eagle Pass, Texas, should be bursting with pecans this time of year. Instead, most are barren. The Urbinas blame the clouds of dust kicked up by…
By Dan Peleschuk KYIV (Reuters) -President Volodymyr Zelenskiy broadened his battle against graft on Friday, firing all the heads of Ukraine’s regional army recruitment centres as the war with Russia enters a critical stage. Zelenskiy said a state investigation into centres across Ukraine had exposed abuses by officials ranging from illegal enrichment to transporting draft-eligible…
(Reuters) – While the market mostly shrugged off President Joe Biden’s move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retaliate or pull back from buying American technology. Aiming to protect national security and prevent U.S. capital and expertise from aiding China’s military modernization, Biden this week…
By Guy Faulconbridge and Joey Roulette MOSCOW (Reuters) – Russia launched its first moon-landing spacecraft in 47 years on Friday in a bid to be the first nation to make a soft landing on the lunar south pole, a region believed to hold coveted pockets of water ice. The Russian lunar mission, the first since…
MILAN (Reuters) – The Italian government could end up with a stake of as much as 20% in Telecom Italia’s landline grid after signing a preliminary agreement with U.S. fund KKR, which is lining up a bid for the asset. KKR is in exclusive discussions with debt-laden Telecom Italia (TIM) over the acquisition of Netco,…
By Jonathan Stempel (Reuters) – A federal judge has rejected HP’s bid to dismiss a lawsuit claiming that it intentionally designed its all-in-one printers to be unable to scan or fax when they are low on ink, as a means to increase profit by boosting ink sales. Customers in the proposed class action said HP…
