Finance

ZURICH, June 19 (Reuters) – Switzerland’s financial regulator on Wednesday ruled that the UBS (UBSG.S), opens new tab takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country’s antitrust watchdog that it merited further scrutiny. Debate has […]

BEIJING/HONG KONG, June 18 (Reuters) – China’s latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground, pointing to more pain ahead for most of the country’s […]

BERLIN, June 17 (Reuters) – Germany’s Deutsche Bank (DBKGn.DE), opens new tab is buying a 1.67 billion euro ($1.79 billion) aviation loan portfolio from lender NordLB for an undisclosed price, the banks announced on Monday. Germany’s largest lender won a bidding process […]

SANTANDER, Spain, June 17 (Reuters) – Spain’s BBVA sought on Monday to ease concerns about its 12.28 billion euro ($13.15 billion) bid for smaller rival Sabadell by saying it would continue Sabadell’s lending arrangements with its small and medium-sized business […]

HONG KONG, June 17 (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also […]

A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. […]

MADRID, June 14 (Reuters) – Microsoft (MSFT.O), opens new tab plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud computing hub within Europe. Aragon’s regional government […]

The availability of financial support and engagement with stakeholders are the top decarbonisation challenges faced by Hong Kong firms even as they report substantial reductions in harmful emissions, according to signatories to the Business Environment Council’s net-zero carbon charter. The main barriers […]

PARIS, June 13 (Reuters) – BNP Paribas (BNPP.PA), opens new tab, the euro zone’s biggest lender, and French rival BPCE plan to form a joint venture in the payments sector, the two companies said on Thursday. They will compete against Nexi (NEXII.MI), […]