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

Caterpillar eyes energy transition as growth driver for mining business

Caterpillar eyes energy transition as growth driver for mining business

People visit heavy machinery of Caterpillar at Bauma China, the International Trade Fair for Construction Machinery in Shanghai, China November 27, 2018. REUTERS / Aly Song / Files Register now for FREE unlimited access to Reuters.com Register DALLAS, May 17 (Reuters) – Construction equipment maker Caterpillar Inc (CAT.N) believes demand for critical minerals as the … Read more

Motor vehicles boost US business inventories in March

Motor vehicles boost US business inventories in March

An assembly worker of Ford Motor works on an F-series pickup truck at the Dearborn Truck Plant in Dearborn, Michigan, US, January 26, 2022. REUTERS / Rebecca Cook Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 17 (Reuters) – US business inventories increased slightly more than expected in March, lifted by a … 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

REE Automotive to build commercial EV plant in UK’s Coventry

REE Automotive to build commercial EV plant in UK’s Coventry

Prototypes of a rolling chassis for electric vehicles developed by Israel’s REE Automotive, is seen during a test drive in Beersheba, southern Israel September 17, 2020. REUTERS/Amir Cohen Register now for FREE unlimited access to Reuters.com register LONDON, May 16 (Reuters) – REE Automotive (REE.O), which develops rolling chassis for commercial electric vehicles (EVs), said … 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

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut down by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI / BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks … 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