Category: Uncategorized
UBS expects $34.8 billion ‘negative goodwill’ from Credit Suisse deal
Reuters Reuters was nearly an hour ahead in reporting Swiss financial giant UBS said it would record a one-off gain from the so-called ‘negative goodwill’ of $34.8 billion by buying Credit Suisse for a fraction of its book value. Reuters also comprehensively covered details of billions in potential costs and benefits from the deal that…
Read MoreUBS set to gain EU nod for Credit Suisse deal
Reuters Reuters exclusively revealed that UBS (UBSG.S) is expected to secure unconditional European Union antitrust approval for its planned takeover of struggling Credit Suisse (CSGN.S), putting the Swiss bank closer to completing the deal. The post UBS set to gain EU nod for Credit Suisse deal appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/ubs-set-to-gain-eu-nod-for-credit-suisse-deal/
Read MoreTurkey defers $600 million Russian energy payment under deal
Reuters Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow. The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters…
Read MoreRyanair places major Boeing jet order
Reuters Reuters broke the news on May 8 that Ireland’s Ryanair was close to announcing a major aircraft deal with Boeing, ending months of deadlock. Boeing shares initially rose about 1% and gained another 2% when the news was confirmed on May 9. In Europe, shares in Europe’s largest budget carrier also rose. The long-awaited…
Read MoreItalian Treasury ready to back KKR-CDP joint bid for Telecom Italia’s grid
Reuters Reuters was first to report that the Italian Treasury is ready to back a joint purchase proposal for Telecom Italia’s (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group’s prized asset. Buoyed since early trade, Telecom Italia shares rose further…
Read MoreMicrosoft offers to charge for Teams to address EU antitrust concerns
Reuters Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various…
Read MoreECB slows rate hike pace but signals more to come
Reuters Reuters swiftly reported on the European Central Bank’s rate hike strategy, as detailed by ECB President Christine Lagarde at a press conference. Reuters analyzes the likelihood of further tightening in the fight against inflation. The post ECB slows rate hike pace but signals more to come appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/ecb-slows-rate-hike-pace-but-signals-more-to-come/
Read MoreApplus draws takeover interest from Apollo, Apax
Reuters Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them…
Read MoreApollo seeks to take majority stake in SAS’s Chapter 11 rescue plan
Reuters Reuters exclusively reported that U.S. private equity firm Apollo Global Management Inc is seeking to take a majority stake in SAS and aims to apply for approval from Swedish and Danish regulators for the deal as part of the Scandinavian airline’s rescue plan. The post Apollo seeks to take majority stake in SAS’s Chapter…
Read MoreEU to push for its debt to be included in government bond indexes
Reuters Reuters exclusively reported that the European Union is preparing to approach index providers for its debt to be included in their government bond indexes, a move that would attract steady demand from a much bigger pool of global investors. The post EU to push for its debt to be included in government bond indexes…
Read More