News
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Lone Star agrees to sell Portugal's Novo Banco to French BPCE for $7.39 billion
LISBON, June 12 (Reuters) - U.S. private equity fund Lone Star has agreed to sell its 75% stake in Novo Banco to French banking group BPCE in a deal that evaluates Portugal's fourth-largest lender at 6.4 billion euros ($7.39 billion), BPCE said on Friday.The French bank's statement confirme...Reuters
Fri, Jun 13
Novo Banco's Majority Shareholder Signs MoU To Sell Co To BPCE
June 13 (Reuters) - Portugal's Novo Banco:MAJORITY SHAREHOLDER, NANI HOLDINGS, SIGNED MEMORANDUM OF UNDERSTANDING FOR SALE OF NOVOBANCO TO BPCEDEAL FOR A CASH CONSIDERATION PAYABLE AT CLOSING WHICH VALUES 100% OF SHARE CAPITAL AT AN ESTIMATED €6.4 BILLION AS OF END 2025CLOSING OF TRANSACTION EXP...Reuters
Fri, Jun 13
Rivian Automotive, Llc Is Recalling 27,882 U.S. Vehicles - NHTSA
June 13 (Reuters) - RIVIAN AUTOMOTIVE, LLC IS RECALLING 27,882 U.S. VEHICLES - NHTSARIVIAN AUTOMOTIVE, LLC IS RECALLING SOME U.S. VEHICLES AS TURN SIGNALS THAT DO NOT FUNCTION PROPERLY, FAILING TO INDICATE THE DRIVER'S INTENTION TO CHANGE DIRECTION, INCREASE THE RISK OF A CRASH.- NHTSASource tex...Reuters
Fri, Jun 13
From Gaza to South Sudan, private firms deliver aid and face questions
Fogbow run by former U.S. soldiers and officials Company has delivered food in Gaza, Sudan and South SudanSome aid workers say model undermines humanitarian principles Company says it provides vital aid to people in needBy Aaron Ross JUBA, June 13 (Reuters) - Fifty-kilo sacks of food hurtled out ...Reuters
Fri, Jun 13
Bund yields hit lowest in over three months after Israel strikes Iran
LONDON, June 13 (Reuters) - German government bond yields fell to their lowest level in over three months on Friday, benefiting from a surge in investor appetite for safe haven assets after Israel launched widescale strikes against Iran.German 10-year Bund yields DE10YT=RR fell 4 basis points (bps) ...Reuters
Fri, Jun 13
Cricket-San Francisco's Allen hits record 19 sixes in MLC season opener
June 13 (Reuters) - San Francisco Unicorns opener Finn Allen smashed a record 19 sixes in his incendiary 151 off 51 balls against defending champions Washington Freedom in the opening match of this year's Major League Cricket (MLC) on Thursday.Allen's knock was the Twenty20 league's high...Reuters
Fri, Jun 13
Dundee Precious Metals To Buy Adriatic Metals For $1.3 Billion
June 13 (Reuters) - Dundee Precious Metals Inc DPM.TO:DUNDEE PRECIOUS METALS ANNOUNCES PROPOSED ACQUISITION OF ADRIATIC METALSDUNDEE PRECIOUS METALS INC - TO BUY ADRIATIC METALS FOR $1.3 BILLIONDUNDEE PRECIOUS METALS INC - TO BUY 100% OF VAREŠ OPERATION IN BOSNIA AND HERZEGOVINADUNDEE PRECIOUS METAL...Reuters
Fri, Jun 13
Exclusive: Lloyd’s veteran Montanaro re-emerges at Volante Global
By Ryan HewlettJune 13 - (The Insurer) - Former Lloyd’s market oversight director Peter Montanaro has re-emerged at expansive Lloyd’s syndicate and MGA Volante Global, where he will assume a broad-based advisory role as non-executive director.Montanaro announced he was to retire from Lloyd’s late la...Reuters
Fri, Jun 13
Israir airline evacuating its aircraft from Ben Gurion airport
June 13 (Reuters) - Israeli airline Israir ISRG.TA on Friday said it was evacuating and relocating its aircraft from Tel Aviv's Ben Gurion Airport, adding this was part of a contingency plan developed over the past few days.Reuters
Fri, Jun 13
India considering grounding Air India Boeing 787 fleet after crash, NDTV reports
NEW DELHI, June 13 (Reuters) - The Indian government is considering grounding Air India's Boeing 787 fleet, Indian broadcaster NDTV reported on Friday, a day after one of the airline's aircraft of the same make crashed in Ahmedabad city, killing more than 240 people.Reuters
Fri, Jun 13
Adriatic Metals Says Deal With DPM Values Adriatic Share Capital At $1.251 Billion
June 13 (Reuters) - Adriatic Metals PLC ADT1.L:DUNDEE PRECIOUS MET. ADRIATIC METALS - RECOMMENDED SHARE & CASH OFFER FOR ADRIATIC METALSADRIATIC METALS PLC - SHAREHOLDERS TO RECEIVE 0.1590 NEW DPM SHARE AND 93 PENCEADRIATIC METALS PLC - DEAL VALUES ADRIATIC SHARE CAPITAL AT US$1.251 BILLIONADRI...Reuters
Fri, Jun 13
Apple's iPhone sales capture top spot in Chinese market in May, Counterpoint Research says
June 13 (Reuters) - Apple's AAPL.O iPhone sales rose to the top spot in China in May, with global sales growing 15% year-on-year during April and May in the tech giant's strongest performance for the two-month period since the COVID-19 pandemic, data from Counterpoint Research showed.Reuters
Fri, Jun 13
Algorithmic underwriting key to Italian specialty insurer Revo's ambitious growth plan
By Henry GaleJune 13 - (The Insurer) - Algorithmic specialty insurance underwriting is part of how Italian insurer Revo plans to nearly double its premiums by 2028, chief underwriting officer Simone Lazzaro told The Insurer after the firm published its 2026-28 business plan.In 2021, Revo (then known...Reuters
Fri, Jun 13
PRESS DIGEST- New York Times business news - June 13
June 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Federal Trade Commission is considering restrictions on Omnicom OMC.N and Interpublic IPG.N to prevent the combined company f...Reuters
Fri, Jun 13
Sun PhuQuoc Airways to operate Airbus jets, in talks with Boeing for Dreamliner
HANOI, June 13 (Reuters) - Vietnam's newly established Sun PhuQuoc Airways will initially operate Airbus's narrow-body aircraft, including the A321neo, it said on Friday.The airline is also in talks with Boeing to purchase wide-body aircraft, including Boeing 787-9 and Boeing 787-10 jets, it...Reuters
Fri, Jun 13
Tesla upgrades its Model S and X cars in US, raises prices by $5,000
June 13 (Reuters) - Tesla TSLA.O said on Thursday it upgraded its Model S and Model X cars in the U.S. and raised their prices by $5,000, according to the electric vehicle maker's post on X and its website.Prices were hiked for all configurations of the two models by $5,000, Tesla's website ...Reuters
Fri, Jun 13
GSK says EU heath regulator reviewing expansion of RSV vaccine
June 13 (Reuters) - GSK GSK.L said on Friday the European Medicines Agency had accepted the drugmaker's application to expand the use of its respiratory syncytial virus vaccine, Arexvy, to include adults from 18 years of age.A decision by the European Union's health regulator on the vaccine,...Reuters
Fri, Jun 13
Ocado Group Draws Down $152m Letter Of Credit
June 13 (Reuters) - Ocado Group PLC OCDO.L:OCADO GROUP PLC - LETTER OF CREDIT DRAW DOWNOCADO GROUP PLC - LETTER OF CREDIT DRAW DOWNOCADO GROUP PLC - DRAWS DOWN $152M LETTER OF CREDITOCADO GROUP PLC - OCADO-KROGER PARTNERSHIP INCLUDED LETTER OF CREDITOCADO GROUP PLC - LETTER OF CREDIT MATURES AFTER...Reuters
Fri, Jun 13
