July 9 (Reuters) – Standard Chartered Plc’s (2888.HK), opens new tab, (STAN.L), opens new tab crypto unit, Zodia Markets, is in talks to acquire billionaire hedge fund manager Alan Howard-backed Elwood Capital Management’s OTC business, Bloomberg News reported on Tuesday. The acquisition of […]
NEW DELHI, July 9 (Reuters) – India’s beleaguered Paytm (PAYT.NS), opens new tab has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge […]
ROME, July 9 (Reuters) – The Bank of Italy will publish guidelines in the coming days on how to apply upcoming European Union rules on crypto assets with a view to preserving the regular functioning of the payment system, Governor […]
Atos ATO -6.01%decrease; red down pointing triangle said it reached an agreement with a group of banks and bondholders on the terms of its financial restructuring as the struggling French IT firm seeks to shore up its coffers. Sunday’s agreement comes after rescue […]
LONDON, July 9 (Reuters) – Anglo American (AAL.L), opens new tab has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off […]
FRANKFURT, July 9 (Reuters) – Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW (KfW.UL) said on Tuesday. “The necessary expansion of renewable […]
ZURICH, July 3 (Reuters) – U.S. bank State Street (STT.N), opens new tab has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS (UBSG.S), opens new tab, authorities said […]
July 8 (Reuters) – HSBC (HSBA.L), opens new tab has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong’s pension regulator said. […]
STOCKHOLM, July 4 (Reuters) – Telecom equipment maker Ericsson (ERICb.ST), opens new tab has recorded another billion-dollar impairment charge for its acquisition of cloud communications firm Vonage in 2021, sending its shares down 2% in early trade. Dubbed as one of its […]
ZURICH, July 4 (Reuters) – Switzerland and the European Union resumed talks on financial market regulation on Thursday after dialogue was suspended in 2017, the Swiss government said. Issues relating to financial market stability, cross-border activities, capital markets, digital finance, […]
