LONDON (Reuters) -JP Morgan remains the world’s most systemically important bank according to the latest rankings from the G20’s Financial Stability Board published on Monday. The FSB bega[...]
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Economy
Broadcom’s $61 billion deal for VMware on UK regulator’s radar
(Reuters) -Britain’s competition regulator said on Monday it was looking into whether U.S. chipmaker Broadcom Inc’s $61 billion acquisition of cloud computing company VMware Inc may substa[...]
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China’s COVID woes keep European stocks under pressure
(Reuters) – European shares slipped on Monday, with economically sensitive sectors like mining and industrials leading the losses on worries about the impact of surging COVID-19 cases in China.[...]
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Cathay Pacific to raise staff pay by 3.3%, offer bonuses -CEO memo
By Jamie Freed (Reuters) – Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month’s salary to Hong Kong-based s[...]
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Workers at BP refinery will not help with restart unless wage demands met -union
AMSTERDAM (Reuters) -Workers at BP’s Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met, union leaders said on Monday. The company[...]
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Simon & Schuster’s owner to let sale to Penguin fall apart, sources say
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Book-publishing powerhouse Simon & Schuster’s owner will let its $2.2 billion sale to Penguin Random House collapse on Monda[...]
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Collapsed FTX owes nearly $3.1 billion to top 50 creditors
(Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its to[...]
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Lula to start job interviews for Petrobras overhaul, sources say
By Sabrina Valle (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicki[...]
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FTX shows need to regulate crypto before it gets big, says Bank of England
LONDON (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Mon[...]
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