By Michel Rose PARIS (Reuters) -Indian Prime Minister Narendra Modi was treated to one of France’s most spectacular accolades on Friday as guest of honour at the Bastille Day military parade, part of a visit that has sealed high-profile defence deals. Modi and President Emmanuel Macron watched French and Indian soldiers march down the tree-lined…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt wedding gown retailer David’s Bridal received court approval on Friday to sell its business to asset manager Cion Investment Corp in a no-cash transaction, reaching a deal to keep 195 stores open and avoid a total shutdown. U.S. Bankruptcy Judge Christine Gravelle approved the sale at a…
By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark ruling from a federal judge who said some of the company’s XRP token sales were not subject to securities laws. WHAT DID THE…
By Arriana McLymore NEW YORK (Reuters) – Amazon shoppers snagged deals on food delivery, travel and healthcare during a two-day Prime Event that ended on Wednesday, highlighting the potential for growth in services at an e-retailing giant long focused on goods. Amazon’s 200 million U.S. Prime members snapped up $12.7 billion in merchandise, a record…
By Tom Balmforth KYIV (Reuters) – He wears a pistol to interviews with foreign journalists and discusses wartime intelligence. Weapons and military gear are strewn on the floor of his Kyiv office. He says he has “sources” close to Russian President Vladimir Putin. For an intelligence chief running Ukraine’s spy operations during war with Russia,…
By Jesús Aguado, Andres Gonzalez and Iain Withers MADRID/LONDON (Reuters) – Santander is accelerating growth of its investment bank by hiring at least 50 bankers primarily in the United States, two people with knowledge of the matter told Reuters. Spain’s biggest bank is best-known as a retail lender in Europe and Latin America, but wants…
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares edged slightly lower on Friday, but that did little to change their biggest weekly percentage jump in more than three months on hopes that easing inflation would allow the U.S. Federal Reserve to pause rate hikes soon. After five sessions of gains, the pan-European STOXX 600…
By Anirban Sen (Reuters) -Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agency at over $7 billion, according to a person familiar with the matter. CAA’s talks with luxury sector tycoon Pinault, the CEO of Gucci-owner…
STOCKHOLM (Reuters) – Finnish telecom gear group Nokia reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6…
BRUSSELS (Reuters) – European Union finance ministers on Friday unanimously backed extra funds for Ukraine through a top-up of its long-term budget, although differences persisted over other spending that threaten to delay or block proposed aid to Kyiv. Spanish Finance Minister Nadia Calvino told a news conference that EU finance ministers meeting on Friday had…