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Galois Capital flagship fund to close after FTX losses
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after "losing almost half" of the fund's money when...
Syndicated Content Feb 20, 2023
Britain begins post-Brexit asset management revamp, focus on liquidity
By Huw Jones LONDON (Reuters) -Britain set out plans on Monday for a post-Brexit review of its rules for the 11 trillion pound ($13.2 trillion) asset management sector, with a focus on bolstering liqu...
Syndicated Content Feb 20, 2023
Ericsson to cut 1,400 jobs in Sweden
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier announced plans...
Syndicated Content Feb 20, 2023
G20 watchdog says commodity market concentration poses threat to wider economy
By Huw Jones LONDON (Reuters) - The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a 'significant' concentration of firms, banks, exchanges and clearing houses threatens...
Syndicated Content Feb 20, 2023
French Finance Minister to meet retailers this week over food inflation worries
By Dominique Vidalon PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Monday he will meet retailers this week to find ways to help shoppers cope with high food price inflation, with a ...
Syndicated Content Feb 20, 2023
Taiwan Jan export orders fall more slowly, downside risks remain
By Faith Hung TAIPEI (Reuters) - Taiwan's export orders in January contracted from a year earlier for a fifth month in a row, though at a slower pace, hit by a continued slump in Chinese demand and we...
Syndicated Content Feb 20, 2023
Uber to introduce 25,000 EVs in India amid clean car push
By Aditi Shah NEW DELHI (Reuters) - Uber Technologies will introduce 25,000 electric vehicles (EVs) in India for ride-sharing over three years, its country head said on Monday, its first move to adopt...
Syndicated Content Feb 20, 2023
Maersk nears complete Russia exit after selling logistics sites
COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end ...
Syndicated Content Feb 20, 2023
Darktrace hires EY for independent review of finances
LONDON (Reuters) - British cyber security company Darktrace said on Monday it had commissioned a third-party review of its finances by EY, weeks after a short-seller questioned its results. Darktrace ...
Syndicated Content Feb 20, 2023
Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) - Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year. Ghostine has been CEO...
Syndicated Content Feb 20, 2023
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