ZURICH (Reuters) – UBS followed up the announcement it had closed the takeover of stricken rival Credit Suisse on Monday with a raft of management changes. Here are the highlights: OUT Leaving the company: * Credit Suisse General Counsel Markus Diethelm. The bank appeared to be more willing to settle legal matters during his tenure…
MADRID (Reuters) – Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, Cinco Dias newspaper reported on Monday. “We are following the process because we are interested in the possible liberation of…
By Ananya Mariam Rajesh (Reuters) – Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers are opting for cheaper six-packs, according to analysts and industry experts. With inflation making goods more expensive nationwide, consumers are trading down to more…
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever ties with founder Crispin Odey following allegations of sexual misconduct against him. The Financial Times reported on Sunday that Odey Asset Management had been discussing…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, may be on the verge of success as the economy passes key milestones for labor participation and nears a return to pre-pandemic trend levels of employment. The question now: Will…
(Reuters) – The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted. “We are heading for a downturn and it varies region to region,” said…
(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week’s surprise rate increases in Canada and Australia, is not to take anything…
By Sam Nussey TOKYO (Reuters) -The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him “quite optimistic” about prospects for global coordination on artificial intelligence (AI). The public face of the startup, backed by Microsoft Corp, has been on a whirlwind tour looking to capitalise on interest in…
BEIJING (Reuters) – China firmly opposes U.S. inclusion of two more companies, and some of their units, on a list of entities accused of alleged human rights abuses, the commerce ministry said on Monday. The action taken by the United States lacks factual basis and transparency, the ministry said, adding China will take necessary measures…
By Jessica DiNapoli NEW YORK (Reuters) -Ahold Delhaize has hit “roughly half” its goal to grow revenue from businesses beyond grocery stores to 1 billion euros by 2025, CEO Frans Muller told Reuters, an effort focused on selling ads on its supermarkets’ websites and monetising insights on consumer data. Grocers like Ahold Delhaize are building…
