EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

The Shaw Communications logo is seen at their office in Calgary, Alberta, Canada, April 17, 2019. REUTERS / Chris Wattie Register now for FREE unlimited access to Reuters.com Register TORONTO, May 19 (Reuters) – The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications’ wireless business, telecom operators Bell Inc and … Read more

Shanghai lets financial firms resume work as COVID curb ease – sources

Shanghai lets financial firms resume work as COVID curb ease – sources

A man walks past Lujiazui financial district, seen across the Huangpu river, amid the lockdown in Pudong area to contain the spread of coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS / Aly Song / Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 18 (Reuters) – Shanghai authorities have … Read more

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS / Charles Platiau Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – British startup Wayve said on Wednesday it would use supercomputer infrastructure designed for the firm by its investor Microsoft (MSFT.O) to process vast … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

May 6 (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co (WFC.N), the fourth-largest US bank, misled or defrauded shareholders about its commercial loans. US District Judge William Alsup in San Francisco said shareholders failed to adequately allege that Wells Fargo unjustifiably inflated the quality of its loans, understated … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families … Read more

Exclusive: Carlyle to acquire NSM Insurance from White Mountains in $ 1.78 billion deal

Exclusive: Carlyle to acquire NSM Insurance from White Mountains in $ 1.78 billion deal

May 9 (Reuters) – Private equity firm Carlyle Group Inc (CG.O) told Reuters on Monday it has agreed to acquire US specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd (WTM.N) for $ 1.78 billion in cash. Carlyle said the deal is expected to close in the second half of this year. … Read more

Britain to bolster competitiveness in finance after Brexit

Britain to bolster competitiveness in finance after Brexit

A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS / Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, May 10 (Reuters) – Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive … Read more

Life Insurance Corp prices IPO at top end of indicated range

Life Insurance Corp prices IPO at top end of indicated range

An exterior view of Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata, India, February 14, 2022. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register MUMBAI, May 13 (Reuters) – India’s Life Insurance Corp (LIC) has priced its initial public offering at the top of the indicated … Read more

Guest view: Blue finance can save Asia’s oceans

Guest view: Blue finance can save Asia’s oceans

A plastic bottle drifts on the waves of the sea at a fishing port in Isumi, east of Tokyo, Japan November 21, 2018. REUTERS / Issei Kato – RC1B9B07A350 Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 12 (Reuters Breakingviews) – The plastic water bottle has become almost ubiquitous. Maybe you have … Read more