By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal (Reuters) – U.S. regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major U.S. bank to fail in two months. Citizens…
By Anna Mehler Paperny TORONTO (Reuters) – As Canada’s largest strike by federal workers approaches its third week, thousands of people are in immigration limbo amid canceled hearings and stalled applications, which could make it harder for the country to compete for global talent as employers face a tight labour market. About 155,000 federal public…
ZURICH (Reuters) – As UBS’s takeover of former rival Swiss bank Credit Suisse nears completion, details are emerging of what the new merged bank will look like. UBS is working towards spinning off the Swiss part of Credit Suisse and having the business’s current head, Andre Helfenstein, run it, NZZ am Sonntag reported on Sunday….
PARIS (Reuters) – Food price inflation in France – which has been a major concern for consumers – should ease off by September, said government minister Olivia Gregoire on Sunday. “By the time people come back from their holidays in September, we will have a visible decrease in the prices you see on the shelves…
BEIJING (Reuters) – China’s non-manufacturing activity expanded at a slower pace in April, official data showed on Sunday, a discouraging sign for policymakers counting on services consumption to offset frailty in the factory sector amid slack global demand. The official non-manufacturing purchasing managers’ index (PMI) stood at 56.4 versus 58.2 in March, according to data…
(Reuters) -The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gauging their initial interest earlier in the week, Bloomberg News reported. The banking regulator reached out to banks late on Thursday seeking indications of…
By Anirban Sen and Echo Wang NEW YORK (Reuters) -SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting the stage for this year’s largest initial public offering. The IPO registration shows that Softbank is pressing ahead with the blockbuster offering despite…
(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not…
(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform agenda. Responding to the decision, French Finance Minister Bruno Le Maire said Fitch was underestimating the positive impacts of the government’s plans to reform and…
By Michel Rose and Elizabeth Pineau PARIS (Reuters) -French President Emmanuel Macron has thrown himself into what he calls a “catharsis” operation by confronting angry voters in a series of walkabouts, an attempt to regain control of the narrative that could also expose how distant he has become. After weeks of protests against his decision…
