NEW YORK (Reuters) – The Credit Derivatives Determinations Committee (DC) accepted on Friday to look into a question on whether a “governmental intervention credit event” occurred with respect to Credit Suisse. The DC overlooking Europe will have to determine specifics of the subordination of Credit Suisse’s additional tier-1 (AT1) bonds, according to the DC website….
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe havens after consumer sentiment data fueled concern about the U.S. debt ceiling and monetary policy. A University of Michigan survey on…
By John Irish and Francois Murphy PARIS/VIENNA (Reuters) – U.N. nuclear watchdog chief Rafael Grossi plans to present an agreement with Russia and Ukraine on protecting the Zaporizhzhia nuclear power plant to the U.N. Security Council this month, indicating a deal is close, four diplomats have told Reuters. International Atomic Energy Agency (IAEA) chief Grossi…
BRUSSELS (Reuters) – EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing firm VMware by three days to June 26. The deadline was extended in agreement with the companies, a European Commission spokesperson said. Broadcom Chief Executive Hock Tan last week sought…
By Max Hunder KARYSHKIV, Ukraine (Reuters) – As a crowd gathered outside the white-brick Orthodox church in the village of Karyshkiv in western Ukraine, raised voices quickly turned to shouting. Soon old women were crying. The villagers were quarrelling over the affiliation of their parish church, which belonged to the Ukrainian Orthodox Church (UOC)…
By Tom Käckenhoff DUESSELDORF (Reuters) -Thyssenkrupp has urged Berlin to move quickly to approve hundreds of millions in subsidies for a landmark carbon-neutral steel site, with one of the company’s labour bosses saying workers’ patience had run out. The criticism is mainly aimed at Economy Minister Robert Habeck, who visited Thyssenkrupp’s steel hub in Duisburg…
MUNICH (Reuters) – Software AG Foundation, the largest shareholder in German business software developer Software AG, said on Friday that it continues to support private equity firm Silver Lake Management’s offer to buy the company. The foundation’s management is “convinced that Silver Lake is the right long-term partner” for Software AG, it said in a…
(This May 11 story has been corrected to remove reference to more weight in paragraph 1) By Belén Carreño MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez will ask U.S. President Joe Biden in Washington on Friday to listen to the opinions of non-NATO members such as China and Brazil on the war in Ukraine,…
WARSAW (Reuters) – The European Union could see another record number of people seeking to reach its borders this year via irregular crossings, with more migrants driven by poverty and climate change rather than conflict, the EU’s Frontex border agency said on Friday. Frontex reported some 330,000 unauthorised arrivals via all routes last year, the…
By Giulio Piovaccari MILAN (Reuters) – Vehicle production has been slowed at a Stellantis plant in southern Italy in the past few days due to strikes by employees protesting over working conditions, the FIOM union said on Friday. The Franco-Italian carmaker assembles the recently launched Alfa Romeo Tonale SUV, production of which is ramping up,…
