By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings[...]
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April 3, 2023
Elon Musk seeks to end $258 billion Dogecoin lawsuit
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocur[...]
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Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, a spokesperson said on Monday, making the bank one of the first to[...]
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China’s faltering March factory activity weighs on GDP outlook
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s sprawling manufacturing sector, accounting for a third of the world’s second-largest economy by value, lost momentum in Marc[...]
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Chinese lenders focus on risk management amid global banking crisis
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to[...]
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Evonik announces job cuts in pet food unit
(Reuters) – German specialty chemicals producer Evonik on Monday announced the restructuring of its pet food unit, including cost savings of 200 million euros ($216.50 million) from 2025 onwards[...]
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UniCredit kicks off first tranche of share buyback for 2.34 billion euros
MILAN (Reuters) – UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel[...]
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Analysis-Israel’s tech sector reels from SVB collapse, proposed judicial reform
By Steven Scheer JERUSALEM (Reuters) – After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley B[...]
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China’s central bank calls for stronger defences against financial crisis
BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials fr[...]
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