Category Archives:
Deposit outflows after SVB collapse concentrated among “super-regionals” – NY Fed study
WASHINGTON (Reuters) - The shuffling of bank deposits following the collapse of Silicon Valley Bank, which triggered concerns about a broader crisis, was largely confined to "super regional" instituti...
May 11, 2023
Canada’s Absolute Software to be bought by Crosspoint Capital for $657 million
(Reuters) -Canada's Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million, extending a recent trend of private equity firms snapping up c...
May 11, 2023
Labor unions ask UN body to probe Starbucks’ use of legal loopholes
By Hilary Russ NEW YORK (Reuters) - Labor unions on Thursday asked a United Nations agency to investigate whether gaps in U.S. law have allowed Starbucks Corp to allegedly violate the rights of barist...
May 11, 2023
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) - Italy's competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing...
May 11, 2023
Disney shares fall on jitters over streaming subscriber losses
(Reuters) - Walt Disney Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company's success in stemming losses at the unit may b...
May 11, 2023
Volvo Cars delays EX90 production start
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%...
May 11, 2023
Spain to spend 2.2 billion euros to alleviate drought impact
MADRID (Reuters) - The Spanish government has earmarked a total of 2.19 billion euros ($2.41 billion) to help alleviate the impact of a prolonged and worsening drought in the country, Environment Mini...
May 11, 2023
Prada’s sales up 22% in the first quarter on robust growth in Asia, Europe
MILAN (Reuters) - Sales at Italian luxury group Prada rose 22% in the first quarter, to 1.065 billion euros ($1.17 billion), driven a rebound in China and sustained growth in Europe. "Over the course ...
May 11, 2023
‘Risky jurisdiction’: Aircraft lessors raise alarm over Go First crisis in India
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...
May 11, 2023
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) - The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank's Governor Andrew Bailey said on Thursday. "We have to stay t...
May 11, 2023
Peoria, IL, USA
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