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JPMorgan's profit jumps on dealmaking boost
April 11 (Reuters) - JPMorgan Chase's JPM.N first-quarter profit rose as it earned more from dealmaking. Earnings were $14.6 billion, or $5.07 a share, for the three months ended March 31, the biggest U.S. bank said on Friday. That compares with $13.4 billion, or $4.44 a share, a year earlier.Reuters
Fri, Apr 11
Allies pledge Ukraine over $23 billion in new aid, Britain says
BRUSSELS, April 11 (Reuters) - NATO allies have pledged over 21 billion euros ($23.8 billion) in new military aid to Ukraine on Friday, British Defence Secretary John Healey said after a meeting of the Ukraine Defence Contact Group in Brussels.($1 = 0.8825 euros)Reuters
Fri, Apr 11
Wells Fargo profit rises on wealth management strength
April 11 (Reuters) - Wells Fargo's WFC.N profit rose in the first quarter driven by robust performance in its wealth management business.The fourth-largest U.S. lender's net income rose to $4.89 billion, or $1.39 per share, it said on Friday. That compares with $4.62 billion, or $1.20 per sh...Reuters
Fri, Apr 11
Yandex co-owner to increase stake in rival Russian tech firm VK
April 11 (Reuters) - One of the co-owners of Russian tech company Yandex YDEX.MM, Pavel Prass, is set to increase his stake in Yandex rival VK VKCO.MM through another company he has a minority stake in, a VK statement published on Friday showed. A $5.4 billion cash and shares deal finalised in July ...Reuters
Fri, Apr 11
More Sudanese refugees fleeing as far as Europe, UN refugee agency says
GENEVA, April 11 (Reuters) - Over a thousand Sudanese refugees have reached or attempted to reach Europe in early 2025, the United Nations' refugee agency said on Friday, citing growing desperation in part due to reduced aid in the region.Some 12 million people have been displaced by the two-yea...Reuters
Fri, Apr 11
EXCLUSIVE-China delays approval for Geely, BYD investment plans in Latin America, sources say
Geely looking to take minority stake in Renault BrazilBYD planning to build factory in MexicoChinese approval delayed amid US tariff uncertainties -sourcesGeely says cooperation with Renault already bearing fruit April 11 (Reuters) - China is delaying approval for plans by Chinese automakers Geel...Reuters
Fri, Apr 11
Pirelli says US investment plans on hold over Chinese shareholder
Pirelli wants to expand production capacity in USVice chair: US local authorities object due to Chinese investorPirelli says seeking to address issues with investor SinochemKey board meeting scheduled for April 28 MILAN, April 11 (Reuters) - Pirelli PIRC.MI has put on hold plans to invest further...Reuters
Fri, Apr 11
BNY kicks off 2025 with higher Q1 profit, helped by jump in assets under custody
April 11 - BNY BK.N reported a 17% jump in first-quarter profit on Friday as it managed higher assets under custody that boosted its fee income.The bank's fees, typically calculated as a percentage of assets under custody, benefited from the acquisition of new clients and heightened market volat...Reuters
Fri, Apr 11
Citi clients in Russia receiving some frozen funds, Russian lawyers say
MOSCOW, April 11 (Reuters) - Brokerage customers of the Russian subsidiary of U.S. bank Citi C.N have started receiving coupon payments on securities frozen in Europe by Western sanctions, according to Russian law firms, citing their clients. Citi did not immediately respond to a request for comment...Reuters
Fri, Apr 11
GFG Upsizes And Amends Previously Announced Flow-Through Private Placement
April 11 (Reuters) - GFG Resources Inc GFG.V:GFG UPSIZES AND AMENDS PREVIOUSLY ANNOUNCED FLOW-THROUGH PRIVATE PLACEMENTGFG RESOURCES INC - INCREASES OFFERING TO C$3.0 MILLIONGFG RESOURCES INC - EACH PREMIUM UNIT TO CONSIST OF ONE COMMON SHARE AND ONE WARRANTReuters
Fri, Apr 11
Putin investment envoy Dmitriev met Trump special envoy Witkoff in St. Petersburg, TASS says
MOSCOW, April 11 (Reuters) - Russian President Vladimir Putin's investment envoy Kirill Dmitriev met U.S. President Donald Trump's special envoy Steve Witkoff on Friday in St. Petersburg, the state-run TASS news agency reported. Witkoff arrived in Russia's second city earlier on Fri...Reuters
Fri, Apr 11
Next EU-China summit to take place in Beijing in July, EU says
BRUSSELS, April 11 (Reuters) - The next meeting between leaders of the European Union and China is expected to be held in Beijing in the second half of July, an EU Commission spokesperson said on Friday.The previous EU-China top level meeting was also held in China. The choice not to opt for Brussel...Reuters
Fri, Apr 11
Tennis-PTPA welcomes player letter as more pressure for change
By Shrivathsa Sridhar BENGALURU, April 11 (Reuters) - Professional Tennis Players' Association chief Ahmad Nassar welcomed the demand by the world's top-ranked players for higher prize money at the Grand Slams and believes the move is a direct consequence of the advocacy group's calls...Reuters
Fri, Apr 11
Clear Group continues UK expansion with Moore Robinson deal
By Ryan HewlettApril 11 - (The Insurer) - Goldman Sachs-backed broker consolidator Clear Group has acquired London-based broker Moore Robinson Limited.The acquisition will add to Clear’s growing UK retail arm, and follows the consolidator’s recent deals for Phelan Caswell in Ireland and specialist s...Reuters
Fri, Apr 11
South Korea trade envoy says US showed willingness to reach deal over tariffs
SEOUL, April 11 (Reuters) - South Korea's top trade envoy said on Friday his U.S. counterpart signaled a willingness to reach a deal over tariffs and that Seoul will negotiate in the best interests of the country despite a looming election, local broadcaster KBS reported. Cheong In-kyo, minister...Reuters
Fri, Apr 11
UK medical devices group Niox halts sale after Keensight backs out
April 11 (Reuters) - Niox Group NIOX.L has halted its sale process after suitor Keensight Capital withdrew its interest in making a buyout offer due to challenging macroeconomic conditions, the British medical device maker said on Friday.In March, Paris-based private equity firm Keensight proposed a...Reuters
Fri, Apr 11
US chipmakers outsourcing manufacturing will escape China's tariffs
By Eduardo Baptista and Che PanBEIJING, April 11 (Reuters) - U.S. chipmakers which outsource manufacturing will be exempt from China's retaliatory tariffs on U.S. imports, according to a notice by the main Chinese semiconductor association on Friday.Given the highly specialized and multi-country...Reuters
Fri, Apr 11
Google lays off hundreds of employees in Android, Pixel teams, The Information reports
April 11 (Reuters) - Alphabet's Google GOOGL.O laid off hundreds of employees in its platforms and devices unit, The Information reported on Friday, citing a person with direct knowledge of the situation.The cuts in the division, which houses the Android platform, Pixel phones and the Chrome bro...Reuters
Fri, Apr 11
China's foreign minister says US cannot 'act recklessly'
BEIJING, April 11 (Reuters) - Chinese Foreign Minister Wang Yi said on Friday that "the U.S. cannot act recklessly, and the wheel of history cannot go backwards," referring to U.S. tariffs on China.Wang made the remarks in a meeting with the International Atomic Energy Agency's Director ...Reuters
Fri, Apr 11
