Swiss government awards $9.7 million contract related to Credit Suisse – UBS merger
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss…
Business
German oil imports rose 8.5% in 2022, Russia biggest supplier
FRANKFURT (Reuters) – Germany’s crude oil imports rose 8.5% in 2022 as Europe’s biggest economy recovered from the COVID-19 pandemic…
New York factory activity rebounds in April-NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State…
Merck to take $10.3 billion R&D charge for Prometheus deal this year
(Reuters) – Merck & Co expects a research-and-development charge of about $10.3 billion, or $4 per share, this year as…
US Supreme Court spurns Sanofi appeal to revive EpiPen suit against Viatris
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by Sanofi SA to…
Adobe to add generative AI tools into its video editing software
By Stephen Nellis (Reuters) – Adobe Inc on Monday said it plans to introduce new artificial intelligence (AI) features into…
Big investors dump China shares, add oil to portfolios -Goldman
By Carolina Mandl NEW YORK (Reuters) – Big global money managers got rid of a high volume of Chinese equities…
State Street profit misses on lower fee income; shares fall
(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in…
Will Netflix price cuts, ad-supported plan help add more users?
By Yuvraj Malik (Reuters) – Netflix Inc is expected to report that it added some 2 million subscribers in the…
ECB told not to take banks’ word for it when assessing risk
FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its…