Alstom to ask shareholders for $1 billion in rights issue to slash debt
Alstom to ask shareholders for $1 billion in rights issue to slash debt (Reuters) – French train maker Alstom on Wednesday said ..
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Munich Re Q1 net profit up 68%, in line with preliminary figures
Munich Re Q1 net profit up 68%, in line with preliminary figures FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesd..
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Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) c..
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Meta to expand AI image generation offerings for ads
Meta to expand AI image generation offerings for ads NEW YORK (Reuters) – Meta Platforms, the parent company of Facebook and Ins..
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Strategies for Financial Institutions to Foster Innovation
Strategies for Financial Institutions to Foster Innovation Introduction: Innovation has become a critical driver of success for fina..
FINANCE
UK’s FTSE 100 notches record closing high in broad rally
By Shubham Batra, Pranav Kashyap and Medha Singh (Reuters) -The UK’s FTSE 100 notched a record closing high on Tuesday in a broa..
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Race for Europe’s first ‘real-time’ stock trade tape heats up
Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and asse..
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US dollar edges lower but up against yen, Aussie
US dollar edges lower but up against yen, Aussie By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar slipped on Tuesday bu..
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Apple unveils new AI-focused chip in upgraded iPad Pro
Apple unveils new AI-focused chip in upgraded iPad Pro By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday wi..
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‘Livestream’ shopping thwarts some high-tech tools to stop fake merch
‘Livestream’ shopping thwarts some high-tech tools to stop fake merch By Arriana McLymore NEW YORK (Reuters) – Livestream shoppi..
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UK construction growth hits 14-month high in April, PMI survey shows
UK construction growth hits 14-month high in April, PMI survey shows (Reuters) – British construction companies enjoyed their fa..
Uncategorized
UBS shares soar as profit smashes forecasts, share buyback plans affirmed
UBS shares soar as profit smashes forecasts, share buyback plans affirmed By Noele Illien ZURICH (Reuters) – UBS on Tuesday repo..
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Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian state-owned..
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People with two copies of a risk gene have genetic form of Alzheimer’s, scientists say
By Julie Steenhuysen CHICAGO (Reuters) -People who carry two copies of the APOE4 gene are virtually guaranteed to develop Alzheimer..
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European shares close at highest in a week; Indra surges
European shares close at highest in a week; Indra surges By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed at th..
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The Importance of Sustainable Finance in Addressing Climate Change
The Importance of Sustainable Finance in Addressing Climate Change Introduction: Climate change is one of the most pressing challeng..
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Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
Microsoft readies new AI model to compete with Google, OpenAI, The Information reports (Reuters) -Microsoft is training a new, in-hous..
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Global shares gain on rate cut bets; yen weakens
Global shares gain on rate cut bets; yen weakens By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock..
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Dollar weaker on renewed Fed rate cut hopes; yen wobbles
Dollar weaker on renewed Fed rate cut hopes; yen wobbles By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index was lower on Monday..
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ECB grows more confident about cutting rates, policymakers say
ECB grows more confident about cutting rates, policymakers say By Balazs Koranyi and Francesco Canepa VILNIUS/FRANKFURT (Reuters) -The..
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Swedish central bank to cut key rate this week, Reuters poll shows
Swedish central bank to cut key rate this week, Reuters poll shows By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central..
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Swiss National Bank exploring ways to tokenise financial assets
Swiss National Bank exploring ways to tokenise financial assets ZURICH (Reuters) – The Swiss National Bank is examining the best..
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Sabadell board meets to consider BBVA’s $13 billion offer, sources say
MADRID (Reuters) -Sabadell’s board was meeting on Monday to discuss an all-share offer from larger Spanish bank BBVA that was wo..
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World shares climb on Fed cut bets, China gains; yen weakens
LONDON (Reuters) -U.S. stocks looked to open higher on renewed bets that the Federal Reserve would likely ease interest rates this yea..
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BioNTech says 90% of 2024 revenues will accrue at end of year
BioNTech says 90% of 2024 revenues will accrue at end of year By Ludwig Burger FRANKFURT (Reuters) -Germany’s BioNTech, whose CO..
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Shares in Spain’s Indra surge after net profit rises 40%
Shares in Spain’s Indra surge after net profit rises 40% By Matteo Allievi (Reuters) -Shares in Spanish defence and technology f..
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Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter COPENHAGEN (Reuters) -The disruption to container shippin..
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Westpac raises share buyback by $661 million even as costs and competition bite
Westpac raises share buyback by $661 million even as costs and competition bite By Sameer Manekar (Reuters) -Australian bank Westpac r..
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Analysis-Apple has big AI ambitions – at a lower cost than its rivals
Analysis-Apple has big AI ambitions – at a lower cost than its rivals By Stephen Nellis (Reuters) -For most of the past year and..
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Sterling shrugs off local election to focus on US payrolls data
LONDON (Reuters) – Sterling rose on Friday against a weakening dollar ahead of U.S. jobs data due later in the day, while local ..
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Global equity funds attract robust weekly inflows, led by Asia
Global equity funds attract robust weekly inflows, led by Asia (Reuters) – Global equity funds experienced renewed interest from..
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Oil prices set for steepest weekly drop in three months
Oil prices set for steepest weekly drop in three months By Ahmad Ghaddar and Deep Kaushik Vakil LONDON (Reuters) -Oil prices steadied ..
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Dollar drops as employers add fewer jobs than expected in April
Dollar drops as employers add fewer jobs than expected in April By Karen Brettell NEW YORK (Reuters) – The dollar fell to a thre..
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Stocks jump, yields fall on hopes U.S. labor tightness ebbing
Stocks jump, yields fall on hopes U.S. labor tightness ebbing By Alden Bentley and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street fo..
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Revolutionizing Cloud Infrastructure for Financial Institutions
In the financial sector, one of the most transformative trends has been the rise of cloud computing. This technological leap is not ju..
TECHNOLOGY
Klumi Ventures UAE’s First Web3 Venture Capital Firm Regulated by ADGM
Klumi Ventures UAE’s First Web3 Venture Capital Firm Regulated by ADGM Abu Dhabi, UAE, May 2nd, 2024, FinanceWire Klumi Ventures..
FINANCE
Analysis-Traders prep for another round of yen whack-a-mole
Analysis-Traders prep for another round of yen whack-a-mole By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – Japan’..
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