Uncategorized – Page 5 – Prologue Journal

Worldline taps advisers for defence strategy amid share slump

Reuters Reuters was first to report that Worldline (WLN.PA), opens new tab has lined up bankers to advise on a defence strategy in a bid to reassure shareholders and avoid a hostile takeover in the wake of a share price slump. The post Worldline taps advisers for defence strategy amid share slump appeared first on…

How Swiss authorities bungled Credit Suisse oversight

Reuters Reuters exclusively reported that about six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it. But Switzerland’s financial regulator FINMA and the finance ministry opposed the idea, as…

Ukraine’s maritime grain exports to fall 20% m/m in January

Reuters Reuters exclusively reported that Ukrainian maritime grain exports are expected to fall by around 20% in January from the previous month due to the crisis in the Red Sea and the New Year holidays, a senior Ukrainian government official said on Thursday. The post Ukraine’s maritime grain exports to fall 20% m/m in January …

ECB sounds out lenders on exposure to Spanish drugmaker Grifols

Reuters Reuters exclusively reported that the European Central Bank was asking banks to detail their exposure to Spanish drugmaker Grifols and a network of companies linked to the founding family, days after the Barcelona-based business was accused of manipulating its financial accounts by a short-seller. The story also revealed how supervisors were concerned that the…

Tesla Berlin to stop most output for two weeks due to Red Sea disruption

Reuters Reuters exclusively reported that Tesla (TSLA.O) will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said late on Thursday, citing a lack of components owing to shifts in transport routes because of attacks on vessels in the Red Sea. It is the first company to…

BP short-lists three internal candidates for CEO

Reuters Reuters exclusively reported that BP’s (BP.L) board has short-listed interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive. BP was thrown into turmoil after Looney resigned on Sept. 12 for failing to disclose relationships with employees and leaving no clear succession plan in place. …

How Swiss authorities bungled Credit Suisse oversight

Reuters Reuters exclusively reported that about six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it. The post How Swiss authorities bungled Credit Suisse oversight appeared first on Reuters…

Vodafone shares climb as Iliad proposes Italian merger

Reuters Reuters exclusively reported that French telecoms group Iliad was preparing to submit a joint venture proposal with Vodafone Italy, the subsidiary of the UK group. Shares in Vodafone, which said last month it was reviewing options in Italy, rose 6.6% on the joint-venture proposal, which Reuters first reported on Friday. The deal would be…

QatarEnergy CEO says new LNG supply deals ‘imminent’

Reuters Reuters reported that QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several “imminent”. The post QatarEnergy CEO says new LNG supply deals ‘imminent’ appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/qatarenergy-ceo-says-new-lng-supply-deals-imminent/

OMV, ADNOC close to agreeing deal for chemicals company tie up

Reuters Reuters exclusively reported that Abu Dhabi National Oil Co (ADNOC) is closing in on a deal with Austria’s OMV (OMVV.VI) to combine two entities in which the companies own stakes to create a chemicals giant, two people with knowledge of the talks said. In July OMV said it had entered into talks to merge…