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Glencore, automakers to back $1 billion nickel, copper SPAC deal in Brazil
LONDON (Reuters) -Global miner Glencore, Chrysler parent Stellantis and Volkswagen's battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two ...
Syndicated Content Jun 12, 2023
Explainer-UBS has Swiss mountain to climb with Credit Suisse
By Tomasz Janowski, Oliver Hirt and John Revill ZURICH (Reuters) - With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that the government-orchestrated rescue ...
Syndicated Content Jun 12, 2023
Countdown to mega merger – how Credit Suisse wobbled and UBS rushed to rescue
ZURICH (Reuters) - UBS Group's takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, became official on Monday. The closing of the tie-up marks the final ...
Syndicated Content Jun 12, 2023
Novo Nordisk invests $2.3 billion in Danish production facility
COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk will invest 15.9 billion Danish crowns ($2.29 billion) to expand a production facility in Denmark for the future portfolio within serious chronic di...
Syndicated Content Jun 12, 2023
OpenAI CEO says ‘optimistic’ on global AI coordination
TOKYO (Reuters) - The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him "quite optimistic" about prospects for global coordination on artificial intelligence (AI). The p...
Syndicated Content Jun 12, 2023
Glencore makes offer for Teck’s steelmaking coal business
(Reuters) - Glencore has offered to buy Canadian mining company Teck Resources' steelmaking coal business as a standalone unit, the Swiss trading and mining firm said on Monday. (Reporting by Eva Math...
Syndicated Content Jun 12, 2023
Analysis-Price drop fears put a brake on European grocers’ rally
By Joice Alves LONDON (Reuters) - European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of declining inflation an...
Syndicated Content Jun 12, 2023
Severe cyclone to hit India’s west coast, south Pakistan on Thursday
By Rajendra Jadhav MUMBAI (Reuters) - A storm off India's west coast has strengthened to become a powerful cyclone, which could hit India's western state of Gujarat and southern parts of Pakistan this...
Syndicated Content Jun 12, 2023
South Korea indicts ex-Samsung Elec executive for alleged data leak to China
By Soo-hyang Choi SEOUL (Reuters) - South Korean prosecutors said they indicted a former Samsung Electronics executive on Monday on suspicions of stealing the company's technology to build a chip fact...
Syndicated Content Jun 12, 2023
The final countdown? Five questions for the ECB
By Yoruk Bahceli and Stefano Rebaudo (Reuters) - Another quarter percentage-point rate hike from the European Central Bank looks like a done deal on Thursday, but the key question for markets is how m...
Syndicated Content Jun 12, 2023
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