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InvestingEuropean Shares Slip as Credit Suisse Drags Banks Lower After Profit Warning
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Deutsche Bank Enters New Era as Chairman’s Rocky Decade Ends
Date: May 19, 2022
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet. If all goes to plan at Deutsche’s annual general meeting on Thursday, Alexander Wynaendts, a Dutch former...
British Airways Owner Iag to Order 50 Boeing 737 Max Jets
Date: May 19, 2022
(Reuters) -British Airways owner IAG said on Thursday it has agreed to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling U.S. planemaker. The order for 25 737-8-200 and 25 737 MAX 10 jets to be used for short-haul operations at IAG-owned airlines is...
Twitter’s Account of Deal Shows Musk Signing Without Asking for More Info
Date: May 17, 2022
By Greg Roumeliotis and Tom Hals (Reuters) – Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions about the social media company’s business he has now cited in declaring the $44 billion acquisition is “on hold.” The account, published in Twitter’s proxy...
British Airways-Owner Iag Scales Back Summer Ramp-Up to Avoid Disruptions
Date: May 6, 2022
By Paul Sandle LONDON (Reuters) -British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn’t have enough staff to cope. The company, which also owns Iberia, Vueling and Aer Lingus, has struggled with crew absences...
Exclusive-Germany’s Sap Hires Adviser for $1 Billion Litmos Software Sale -Sources
Date: May 3, 2022
By Emma-Victoria Farr and Krystal Hu LONDON (Reuters) – German software firm SAP is working with investment bank Moelis & Co to sell its corporate learning software business Litmos as it seeks to streamline its operations and focus on cloud-based revenue, three sources told Reuters. The sale of California-based Litmos, which is profitable, could fetch...
Goldman Sachs Slashes Credit Exposure to Russia
Date: May 2, 2022
(Reuters) -Goldman Sachs Group Inc reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a regulatory filing on Monday. The bank said market exposure tied to Russia and total exposure to Ukraine were not material. In March, Goldman Sachs became...