(Reuters) – British banking giant HSBC Holdings Plc’s U.S. arm said on Monday it will relocate its headquarters to real estate developer Tishman Speyer’s new tower under construction in Manhattan, New York. HSBC Bank USA, N.A. said that the 65-story of…
Exclusive-Musk seeks to put in less money in new Twitter deal financing -sources
By Chibuike Oguh and Krystal Hu (Reuters) -Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, peopl…
South Korea in talks to build a new generation of nuclear power stations in UK -The Telegraph
(Reuters) – South Korea is in talks to build a new generation of nuclear power stations in the UK, The Telegraph reported on Monday. British business Minister Kwasi Kwarteng has met state-owned Korea Electric Power Corporation to discuss investment in …
Covestro cuts outlook on Shanghai lockdown, higher energy costs
FRANKFURT (Reuters) – German chemicals maker Covestro on Monday cut its 2022 outlook, citing the ongoing coronavirus-related lockdown in Shanghai, higher energy and raw materials prices as well as lower assumptions for global economic growth. Soaring e…
Stellantis, unions agree further 480 voluntary exits in Italy
MILAN (Reuters) – Carmaker Stellantis has agreed with unions it will cut 480 jobs this year at its Mifariori facility in Turin through voluntary redundancies, Italy’s FIM-CISL union said on Monday. The deal was signed by all major metal workers unions …
Citi behind trade that caused brief European share plunge -sources, Citi
By Sinead Cruise LONDON (Reuters) -The sudden fall in European shares driven by a brief crash in Nordic markets was caused by a single sell order trade by Citigroup Inc, people familiar with the matter told Reuters, and confirmed by Citi. The flash-cra…
Stellantis to boost EV plants with C$3.6 billion investment
(Reuters) -Stellantis N.V. will spend up to C$3.6 billion ($2.8 billion) to boost production of electric vehicles at its Windsor and Brampton, Ontario plants with government investment, it said on Monday. The Canadian government will spend up to C$529 …
Italy sets aside further 925 million euros for capital injections in state-owned firms – draft
ROME (Reuters) – Italy’s government plans to set aside 925 million euros ($971.25 million) this year to participate in capital injections in state owned companies, a draft decree seen by Reuters showed on Monday. The 925-million euro figure comes on to…
Hungary will not approve EU measures that endanger its oil or gas supply -foreign minister
BUDAPEST (Reuters) – Hungary will not vote for any measures prepared by the European Union that could endanger the security of its oil or gas supply, Foreign Minister Peter Szijjarto said, reiterating the country’s position on Monday to RTL television….
Italy to set aside around 7 billion euros over three years to help construction firms – draft
ROME (Reuters) – Italy’s government plans to set aside around 7 billion euros ($7.35 billion) over three years to help construction firms cope with raw material costs and high energy prices, a draft decree seen by Reuters on Monday showed. Rome aims to…