UBS flags huge potential costs, and benefits, from Credit Suisse deal
By Tomasz Janowski, Oliver Hirt and Selena Li ZURICH (Reuters) -UBS has flagged tens of billions of dollars of potential…
Business
Marketmind: Fed rates to stay higher for longer, debt drama goes on
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66…
EV maker Fisker is exploring collaboration with other companies, CEO says
By Victoria Waldersee and Joseph White MUNICH (Reuters) – Electric car maker Fisker Inc is exploring collaboration with other companies…
Virgin Orbit enters $17 million ‘stalking horse’ bid to sell aircraft assets
(Reuters) -Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a “stalking horse” agreement with Stratolaunch to…
Euro zone inflation ticks up in April
FRANKFURT (Reuters) – Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn…
ECB looks for new top supervisor to succeed Enria
FRANKFURT (Reuters) – The European Central Bank said on Wednesday it is looking for a new top bank supervisor to…
Theranos founder Holmes loses bid to stay out of prison, hit with huge restitution bill
By Jody Godoy (Reuters) -Theranos founder Elizabeth Holmes and former CEO Ramesh “Sunny” Balwani were on Tuesday ordered to pay…
Siemens raises full year outlook after 2nd quarter sales beat
By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and…
Hyundai Europe CEO: we won’t take a “knee-jerk reaction” to Tesla
MUNICH (Reuters) – Hyundai Motor Co’s European chief said the carmaker was not making a direct change to its pricing…