News
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Deals of the day-Mergers and acquisitions
March 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: Anduril Industries said it has signed a definitive agreement to acquire ExoAnalytic Solutions, a national security company specializing in space sensing and awareness and missile ...Reuters
5 minutes ago
JPMorgan marks down value of loan portfolios of some private credit groups, source says
FT says markdowns apply to loans made to software companiesRemarking of loans doesn't often occur, but not the first time for JPM, source saysInvestor withdrawals surge from private credit vehicles like BlackRock's fundBy Angela Christy M and Rajveer Pardesi March 11 (Reuters) - JPMorgan ...Reuters
6 minutes ago
Kremlin says Britain was involved in Ukraine's missile strike on Russia
MOSCOW, March 11 (Reuters) - The Kremlin said on Wednesday it was clear that British specialists were involved in a deadly Ukrainian strike on the Russian city of Bryansk using British Storm Shadow missiles. Kremlin spokesman Dmitry Peskov added that Russia's "special military operation"...Reuters
7 minutes ago
CORRECTED-France to provide 60 tons of humanitarian aid for Lebanon
PARIS, March 11 (Reuters) - France will provide 60 metric tons of humanitarian aid for Lebanon, French Foreign Minister Jean-Noel Barrot said on Wednesday."And what we have decided is to triple the volume of aid that will arrive this week. This aid will reach ... 60 tons of humanitarian aid for ...Reuters
9 minutes ago
India to fast-track Chinese investments in more sectors, says official
By Shivangi Acharya and Manoj Kumar NEW DELHI, March 11 (Reuters) - India will allow Chinese investment in additional sectors through a fast-track approval mechanism, New Delhi's investment secretary said on Wednesday.Based on domestic manufacturing needs, the government will add more catego...Reuters
11 minutes ago
Eli Lilly to invest $3 billion in China over next decade
SHANGHAI, March 11 (Reuters) - Eli Lilly LLY.N plans to invest $3 billion over the next decade to expand supply chain capacity in China and build production capacity for its experimental type-2 diabetes and obesity treatment orforglipron, the U.S. drugmaker said in a statement on WeChat on Wednesday...Reuters
13 minutes ago
Rheinmetall CEO: plans to sell civilian auto division progressing well
BERLIN, March 11 (Reuters) - Rheinmetall's RHMG.DE plans to sell its civilian Power Systems automotive division are progressing well, said CEO Armin Papperger on Wednesday. "We aim to have the signing in the second quarter at the latest to sell the entire Power Systems division," he said...Reuters
15 minutes ago
Kremlin says next round of Ukraine talks could take place in Istanbul
MOSCOW, March 11 (Reuters) - The next round of trilateral talks on Ukraine could take place in Istanbul, but there are no specific details yet - only an understanding that the peace process will continue, Kremlin spokesman Dmitry Peskov said on Wednesday.Russia and Ukraine held three sessions of tal...Reuters
16 minutes ago
UK gilts take new turn for the worse as investors eye oil reserves
By Andy Bruce MANCHESTER, England, March 11 (Reuters) - British government bond prices fell sharply in early trade on Wednesday, as markets doubted whether the plans for a record release of oil reserves could offset potential supply shocks stemming from the U.S.-Israeli war on Iran.Short-dated gi...Reuters
18 minutes ago
Iran says it will target US-Israeli economic, banking interests in region
DUBAI, March 11 (Reuters) - Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank, a spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday. An administrative building linked to Bank Sep...Reuters
20 minutes ago
Israel believes Iran's new leader was lightly wounded in attacks, senior official says
JERUSALEM, March 11 (Reuters) - Israel's intelligence assessment is that Iran's new supreme leader, Mojtaba Khamenei, was lightly wounded in the Israeli-U.S. joint air war against Iran and that is why he has not been seen in public, a senior Israeli official told Reuters. Iran's Revo...Reuters
24 minutes ago
US vaccine advisers drop plan to question mRNA COVID shots, WaPo reports
March 11 (Reuters) - A key federal vaccine advisory panel has abandoned an attack on COVID mRNA vaccines, the Washington Post reported on Wednesday, citing two people familiar with the matter.Some of Health and Human Services Secretary Robert F. Kennedy Jr.'s vaccine advisers had been seeking to...Reuters
32 minutes ago
Eli Lilly to invest $3 billion in China over next decade
BEIJING, March 11 (Reuters) - Eli Lilly LLY.N plans to invest $3 billion over the next decade to expand supply chain capacity in China and build production capacity for type-2 diabetes and obesity treatment orforglipron, the pharmaceuticals giant said in a statement.The company submitted marketing a...Reuters
36 minutes ago
Italy's MPS, Mediobanca approve merger plans after boardroom crisis
MPS to issue 1.6 billion euros in new sharesSeeks new CEO after boardroom tensionsMPS to spin off Mediobanca brand into unlisted unitBy Valentina Za MILAN, March 11 (Reuters) - Italian banks Monte dei Paschi di Siena (MPS) BMPS.MI and Mediobanca MDBI.MI have approved steps toward a full merger, a...Reuters
39 minutes ago
Turkey launches antitrust probe into 65 audit firms, including Big Four local units
ISTANBUL, March 11 (Reuters) - Turkey's competition authority has launched an investigation into 65 companies in the auditing and financial advisory sector, including global accounting firms, it said on Wednesday.The authority said the probe includes the Turkish units of the so-called Big Four: ...Reuters
49 minutes ago
Israel believes Iran's new leader was lightly wounded in attacks, senior official says
JERUSALEM, March 11 (Reuters) - Israel's intelligence assessment is that Iran's new supreme leader, Mojtaba Khamenei, was lightly wounded in the Israeli-U.S. joint air war against Iran and that is why he has not been seen in public, a senior Israeli official told Reuters.Reuters
an hour ago
Romanian to review US request to use local air base for Iran operations
Council to review allowing US access to Romanian military basesIt will also assess conflict's fallout, impact on energy market BUCHAREST, March 11 (Reuters) - Romanian President Nicusor Dan has convened the EU and NATO nation's top defence council on Wednesday to discuss whether to allow ...Reuters
an hour ago
Stellantis sells 5 billion euros in bonds to bolster finances after EV charges
MILAN, March 11 (Reuters) - Stellantis STLAM.MI said on Wednesday it has priced a multi-tranche 5 billion euro ($5.8 billion) equivalent hybrid bond offering, tapping capital markets weeks after it announced multi-billion charges in a major reset of its electric vehicle strategy.The automaker announ...Reuters
an hour ago
Iran will target US-Israeli economic and banking interests in region, state media reports
DUBAI, March 11 (Reuters) - Iran will target economic and banking interests linked to the U.S. and Israel in the region, a spokesperson of the Khatam ol Anbia joint command said on Wednesday, adding this threat follows an attack on an Iranian bank. "Following their failed campaign, the terrorist...Reuters
an hour ago
