Category: Companies

Source: Reuters (via feed) U.S. private equity firm KKR said it will invest up to $310 million through a partnership. The partners include Indian electric commercial vehicle maker PMI Electro Mobility Solutions. The investment also…

Source: Reuters (via feed) UniCredit CEO Andrea Orcel said the digital euro will have a negative impact on banks' liquidity and profit margins. He noted this effect is due to the digital euro taking away…

Source: Reuters (via feed) UBS said on Wednesday it had completed the migration of former Credit Suisse clients in Switzerland onto its platforms. This move is a major milestone in the integration of Credit Suisse.…

Source: Reuters (via feed) India's Axis Bank said its board approved a plan to infuse 15 billion rupees ($162.28 million) into its consumer lending arm, Axis Finance. The decision was announced in a statement alongside…

Source: Reuters (via feed) Reliance Industries plans to file a draft red herring prospectus for the initial public offering of its telecom unit, Jio Platforms. The filing could happen as early as the end of…

Source: Reuters (via feed) The cost estimate for the Golden Dome missile defense shield has risen by $10 billion, reaching $185 billion. This increase is intended to accelerate key space-based capabilities. The program director announced…

Source: Reuters (via feed) UBS Chief Financial Officer Todd Tuckner said on Tuesday he was comfortable with the Swiss bank’s degree of exposure to private credit funds. His remarks came amid market jitters about potential…

Source: Reuters (via feed) Investors are offloading software loans in debt vehicles at a discount. This activity is noted as a sign of pain in the software industry. The industry is being upended by artificial…

Source: Reuters (via feed) Intercontinental Exchange, the parent company of the New York Stock Exchange, said on Tuesday it has launched a product to bring greater transparency to the private credit market. The announcement came…

Source: Reuters (via feed) Macquarie has withdrawn from bidding for a stake in Kuwait's oil pipeline network worth up to $7 billion, according to two sources familiar with the matter. The decision makes Macquarie one…

Source: Reuters (via feed) Commerzbank CEO Bettina Orlopp said on Tuesday that the offer by Italy's UniCredit to buy its shares was at a very low price. She noted this in connection with the German…

Source: Reuters (via feed) Private credit fears will persist, Deutsche Bank CEO Christian Sewing said on Tuesday. He added these concerns do not amount to a systemic risk. Sewing made the remarks during comments on…

Source: Reuters (via feed) Bank of Montreal announced plans to open over 130 financial centers in California. The bank also intends to open about 15 locations in Arizona over the next five years. The announcement…

Source: Reuters (via feed) India's antitrust watchdog is investigating global fragrance makers Givaudan, Firmenich, and International Flavors & Fragrances. The probe concerns allegations of anti-poaching deals involving these companies. Regulatory documents reveal the investigation is…

Source: Reuters (via feed) Indian state-owned fuel retailers are seeking advance payments from dealers for gasoline and gasoil supplied to fuel pumps nationwide. Dealers reported this development. The companies are experiencing significant revenue losses from…

Source: Reuters (via feed) Indian drugmakers Zydus Lifesciences and Lupin signed a licensing and supply deal on Tuesday. The agreement covers co-marketing of semaglutide injections in India. This arrangement precedes the expiry of semaglutide's patent.…

Source: Reuters (via feed) South Korea's SK Group Chairman Chey Tae-won said on Monday that the global chip wafer shortage is likely to last until 2030. He attributed the prolonged shortage to demand from artificial…

Source: Reuters (via feed) Mitsubishi UFJ Financial Group will closely monitor liquidity when issuing loans, an executive said. This comes as Japanese banks prepare to support projects under Japan’s $550 billion investment package in the…

Source: Reuters (via feed) BuzzFeed flagged going concern doubts on Thursday. The company said it will not provide a forecast for 2026. BuzzFeed is evaluating strategic options. Shares of the digital media company fell 7.3%…

Source: Reuters (via feed) Medical device maker Stryker reported that a cyberattack on its computer systems is causing widespread disruption. The company said the incident is affecting its ability to process orders, manufacture products, and…

Source: Reuters (via feed) Adobe said on Thursday that chief executive officer Shantanu Narayen will transition from his position once a successor has been appointed. The company did not provide further details in its announcement.…

Source: Reuters (via feed) Adobe said on Thursday that its chief executive officer, Shantanu Narayen, will transition from his position once a successor has been appointed. The company is navigating a changing software landscape. Artificial…

Source: Reuters (via feed) Canadian telecommunications and business services firm Telus said on Thursday it is investigating a cybersecurity incident. A company spokesperson confirmed unauthorized access to some of its systems. The investigation is currently…

Source: Reuters (via feed) TotalEnergies said it lost 15% of its oil and gas output. The company attributed this to the U.S.-Israeli war with Iran. The conflict has shut fields across the Middle East. These…

Source: Reuters (via feed) HSBC's CEO, Georges Elhedery, said the Asia-Middle East corridor was becoming "a defining axis of global growth." He made this statement days before the U.S. and Israel launched strikes on Iran.…