Category: Uncategorized
Custody giant State Street expands crypto services in new partnership
Reuters Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services, will hold clients’ crypto assets and…
Read MoreOPEC+ sticks to oil policy, repeats could pause Oct hike
Reuters Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan to start unwinding output cuts from October. The oil producing group took the decision despite sharp oil price falls in recent weeks amid global demand concerns. Brent crude futures fell on the news settling…
Read MoreSome investors demand change at LVMH after probe into Dior contractors
Reuters Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior. The post Some investors demand change at LVMH after probe…
Read MoreBosch weighs offer for appliance maker Whirlpool
Reuters Reuters exclusively reported that German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, a move that would boost its position in the household appliances market. The post Bosch weighs offer for appliance maker Whirlpool appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/bosch-weighs-offer-for-appliance-maker-whirlpool/
Read MoreNorway gas flow to Britain resumes after repair
Reuters Reuters was first to report that Norwegian pipeline operator Gassco suffered an outage of gas exports to Britain that pushed Europe’s benchmark gas price to its highest level this year. Reuters revealed that the outage was caused by problems onboard an offshore platform, and later also broke the news when the flow of gas…
Read MoreArm aims to capture 50% of PC market in five years, CEO says
Reuters Reuters exclusively reported that Arm Holdings aims to gain more than 50% of the Windows PC market in five years as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British chip designer’s technology. The post Arm aims to capture 50% of PC market in five years,…
Read MoreKKR wins EU approval for Telecom Italia deal
Reuters Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in…
Read MoreVW and Renault end talks to develop affordable EV
Reuters Reuters exclusively reported that Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, in a setback for the EU carmakers’ efforts to fend off Chinese rivals. The post VW and Renault end talks to develop affordable EV appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/vw-and-renault-end-talks-to-develop-affordable-ev/
Read MoreUS warned Raiffeisen access to dollar system could be curbed over Russia
Reuters Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings. The post US warned Raiffeisen access to dollar system could be curbed over Russia appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/us-warned-raiffeisen-access-to-dollar-system-could-be-curbed-over-russia/
Read MoreUniper’s dormant Russian gas contracts may pose hurdle to listing
Reuters Reuters exclusively reported that legacy gas contracts with former main supplier Gazprom could become a key hurdle for utility Uniper in its attempts to return to the stock exchange following its 13.5 billion euro bail-out by the German government during the height of Europe’s energy crisis. The post Uniper’s dormant Russian gas contracts may…
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