By Amanda Cooper LONDON (Reuters) -Deutsche Bank shares tumbled on Friday after the cost of insuring the bank’s debt against the risk of default shot to more than four-year highs, highlighting c[...]
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March 24, 2023
China detains staff, raids office of US due diligence firm Mintz Group
By Michael Martina and Yew Lun Tian WASHINGTON/BEIJING (Reuters) – Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff[...]
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Euro zone services firms enjoy buoyant March but factories struggle -flash PMI
By Jonathan Cable LONDON (Reuters) -Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepen[...]
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Venture capitalists race to land next AI deal on Big Tech’s turf
By Krystal Hu and Jeffrey Dastin PALO ALTO, California (Reuters) – In December and January, several venture capitalists from the U.S. and Britain raced to Paris to vie for a stake in a new artif[...]
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S&P Global fined 1.1 million euros for premature credit rating publications
By Marc Jones LONDON (Reuters) -The European Union’s securities watchdog has fined S&P Global Ratings 1.1 million euros ($1.19 million) for publishing a number of credit scores before the re[...]
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Marketmind: Bank angst persists, unnerves Europe
A look at the day ahead in U.S. and global markets from Mike Dolan After a week of sweeping interest rate rises into a simmering bank crisis, market anxiety about the state of the financial system per[...]
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China’s CATL to start mass output of M3P batteries this year
SHANGHAI (Reuters) -Chinese battery giant CATL plans to start this year the mass production and delivery of batteries based on a new materials technology, M3P, which will perform better and cost less[...]
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Apple Inc supplier Pegatron in talks to open second India factory -sources
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Apple Inc’s Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge o[...]
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Joby Aviation names former FAA administrator as director
WASHINGTON (Reuters) – Joby Aviation, which is developing electrical aircraft to operate as air taxis, on Friday named former Federal Aviation Administration (FAA) head Michael Huerta to its boa[...]
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