(Reuters) – UBS Group AG has prioritised integrating Credit Suisse’s investment bank and accelerating cost-cutting, the Financial Times reported on Friday, citing people involved in the planning. Executives will move first on bringing the two investment banks together to “create clarity on day one” and avoiding “two people going out and calling institutions to sell…
KHARTOUM (Reuters) -Sudan’s warring factions early on Friday committed to protect civilians and the movement of humanitarian aid, but did not agree to a ceasefire and remain far apart, U.S. officials said. After a week of talks in the Saudi port of Jeddah, Sudan’s army and rival paramilitary Rapid Support Forces (RSF) signed a declaration…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -The world’s second largest aircraft lessor, SMBC Aviation Capital, has warned that India’s decision to block leasing firms from reclaiming Go First planes will jolt the market and spark a confidence crisis, legal papers show. SMBC, along with firms such as Jackson Square Aviation and Bank…
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year…
(Reuters) -Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on the Telegram messaging app, reported what they said were Ukrainian advances north and south of the eastern Ukrainian…
By Steve Holland, Michael Martina and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden’s national security adviser met China’s top diplomat this week and both sides recognized the need to move beyond an alleged spy balloon incident that caused a pause in relations between the superpowers, a senior U.S. official said on Thursday. The White House…
By Alvise Armellini and Elvira Pollina ROME (Reuters) -Italy’s antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple Inc for alleged abuse of its dominant position in the apps market. The watchdog said Apple penalised third-party app developers by imposing “a more restrictive privacy policy” than it applies…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to arrange a possible initial public offering (IPO), three sources familiar with the matter told Reuters. Reuters reported in early April that family-owned Feralpi was working with advisers at Lazard to devise strategic options, including a…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
