Headlines

Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount

Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount

MILAN (Reuters) – Private equity fund L Catterton and the Ontario TeachersR..

Factbox-Five facts about returning UBS CEO Sergio Ermotti

Factbox-Five facts about returning UBS CEO Sergio Ermotti

LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking..

Wizz Air loses fight against $67 million in state aid for Romanian rival

Wizz Air loses fight against $67 million in state aid for Romanian rival

By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wedne..

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

Britain’s Next sees lower clothing inflation, shares dip on cautious outlook

By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-tha..

Banking turmoil means recession fears are creeping back

Banking turmoil means recession fears are creeping back

(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signatu..

Asian stocks rally as bank jitters calm, Alibaba lifts mood

Asian stocks rally as bank jitters calm, Alibaba lifts mood

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as ea..

Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain

Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain

BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in ..

UK broadcasters to stay prominent on smart TVs and speakers

UK broadcasters to stay prominent on smart TVs and speakers

LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other ..

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks followi..

EU approves law to end sales of new CO2-emitting cars by 2035

EU approves law to end sales of new CO2-emitting cars by 2035

BRUSSELS (Reuters) – European Union countries’ energy ministers gave fin..