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UniCredit CEO says M&A is a possibility, not a must
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Chery launches 28,000 euro crossover SUV in Italy as it plans Europe expansion
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NATO summit to push for standardizing shells
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Oil prices on track for fourth straight week of gains
Bitcoin hits 2-month low on election uncertainty, Mt Gox flows
Date: July 4, 2024
Bitcoin hits 2-month low on election uncertainty, Mt Gox flows By Sameer Manekar (Reuters) – Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange weighed. Bitcoin fell more than 2% to $57,843, its lowest since...
Swiss price regulator puts UBS under observation
Date: July 4, 2024
Swiss price regulator puts UBS under observation ZURICH (Reuters) -Switzerland’s pricing supervisor has put UBS under observation following its takeover of Credit Suisse, the regulator said on Thursday. The supervisor met with financial market regulator FINMA, competition authority ComCo and the Swiss National Bank to discuss consequences of the takeover, it said. The meeting laid...
Russia swelters in heat wave, Moscow breaks 1917 record for early July
Date: July 4, 2024
Russia swelters in heat wave, Moscow breaks 1917 record for early July MOSCOW (Reuters) – Russians were braving some of the hottest weather seen in more than a century on Thursday with Moscow breaking a 1917 record and cities across the world’s biggest country sizzling in temperatures well above 35 degrees Celsius (95 Fahrenheit). In...
UK’s Barclays to sell German consumer finance business
Date: July 4, 2024
UK’s Barclays to sell German consumer finance business (Reuters) -Barclays is selling its German consumer finance business to Austrian bank BAWAG Group AG for a small premium to net assets, it said on Thursday, as the British lender aims to simplify its business. The cash sale by Barclays Europe is expected to release about 4...
Ericsson to book $1.1 billion impairment on weaker outlook for Vonage
Date: July 4, 2024
Ericsson to book $1.1 billion impairment on weaker outlook for Vonage (Reuters) -Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage. The impairment charge reflects lower anticipated market...
Dollar on defensive after soft data, battered yen under watch
Date: July 4, 2024
Dollar on defensive after soft data, battered yen under watch By Brigid Riley TOKYO (Reuters) – The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, offering limited relief to the yen, which remained pinned near a 38-year low that had the market on alert for...