By Marianna Parraga HOUSTON (Reuters) – Negotiators representing Venezuela have held settlement talks with bondholders and creditors owed billions of dollars from defaults and expropriation claims, the head of a board supervising the country’s foreign oil assets told Reuters. The talks have gained urgency as a federal court judge is to decide next month whether…
(Reuters) -Britain’s competition regulator said on Friday that Photoshop owner Adobe’s $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could “reduce innovation”. The Competition and Markets Authority (CMA) said unless the parties offer acceptable undertakings to address competition concerns, mainly in screen design software where Figma…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a nearly decade-long effort to move away from what was once dubbed the world’s most important number. While there has been some…
LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate. The intervention piles further pressure on HSBC, which has attracted criticism for allegedly mistreating customers who have…
BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing several people familiar with the matter. The European Commission has set itself a Dec. 16 deadline to decide on whether to approve Germany’s bailout of…
By Ron Bousso LONDON (Reuters) -Shell’s head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind giant Orsted in August 2021 to head offshore wind as the company planned to rapidly grow its…
(This June 29 story has been refiled to fix the typo in sub-head to Wagner, not Wager) LONDON (Reuters) – Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates in decades, with big rate moves this month in Britain and Norway a reminder that the tightening is…
By Michael S. Derby and Dan Burns (Reuters) -The U.S. Supreme Court’s striking down of President Joe Biden’s student loan forgiveness plan puts nearly half a trillion dollars of debt back on household balance sheets, a burden that combined with the end of a pandemic-era pause in payments on education loans may hasten an anticipated…
By Chavi Mehta (Reuters) -Xpeng’s U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla’s Model Y in China. The pricing comes at a time when U.S. automaker Tesla’s sales in the world’s largest market for electric vehicles were likely to…
By Emilio Parodi MILAN (Reuters) – Prosecutors in Milan are probing allegations of false accounting in relation to the crisis at Italian life insurer Eurovita, a person with knowledge of the matter said on Friday. Owned by Cinven, Eurovita this year became the first Italian insurer to be placed under special administration by the country’s…
