By Ananya Mariam Rajesh (Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial int[...]
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April 11, 2024
UBS could need $10 billion-$15 billion in extra capital to meet new Swiss rules, analyst says
By Noele Illien ZURICH (Reuters) – UBS might need to retain $10 billion to $15 billion in excess capital after Switzerland’s government this week laid out plans for tougher capital require[...]
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ECB puts June rate cut into view, asserts independence from Fed
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank held interest rates at a record high on Thursday but signalled it could start cutting as soon as June, even[...]
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Truck maker Volvo to build new plant in Mexico
STOCKHOLM (Reuters) – Swedish truck maker AB Volvo said on Thursday it would build a new heavy-duty truck manufacturing plant in Mexico to supplement the group’s U.S. production. “Th[...]
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UniCredit gets ECB approval for 3.1 billion euro share buyback
MILAN (Reuters) – UniCredit said the European Central Bank had authorised it to buy back its own shares for 3.085 billion euros ($3.3 billion), approving the second instalment of the Italian ban[...]
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IMF head says higher US rates could become a worry if they persist
By Andrea Shalal WASHINGTON (Reuters) – IMF chief Kristalina Georgieva on Thursday said higher U.S. interest rates were not great news for the rest of the world and could become a worry if they[...]
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Amazon adds AI expert Andrew Ng to board as GenAI race heats up
(Reuters) -Amazon.com on Thursday added Andrew Ng, the computer scientist who led artificial intelligence projects at Alphabet’s Google and China’s Baidu, to its board amid rising competit[...]
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Exxon Mobil raised package of CEO Woods to $36.9 million in 2023
By Sabrina Valle and Arunima Kumar (Reuters) -Exxon Mobil Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a[...]
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Fed’s Collins sees no urgency to cut rates
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins said Thursday the strength of the economy and uneven retreat of inflation argues against a near te[...]
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