Sat.Nov 16, 2024

article thumbnail

Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows

CNBC: Investing

The fortunes of the nuclear industry have shifted dramatically this year as tech companies seek carbon-free power to meet the electricity consumption of AI.

145
145
article thumbnail

MergersCorp M&A International Secures Official M&A Sell Side Mandate for Renowned Italian Serie A Soccer Club

MergersCorp M&A International

MergersCorp M&A International, a leading investment banking advisory firm specializing in mergers and acquisitions, is proud to announce the acquisition of the official sell side mandate for one of Italy’s most prestigious Serie A soccer clubs. This strategic agreement marks a significant milestone for MergersCorp as it expands its footprint in the sports industry, providing unparalleled services to clients looking to buy or sell high-profile sports franchises.

M&A 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trading assets at US banks cross $1tn for first time since financial crisis

Financial Times - Banking

Much of the increase has been in equities but exposure to structured credit has been growing as well

Trading 102
article thumbnail

Zhuding International Limited Signs Reverse Merger Agreement with Automated Water Solutions Inc. and Belisarian Holdings

Global Newswire by Notified: M&A

HERTS, United Kingdom, Nov. 16, 2024 (GLOBE NEWSWIRE) -- Zhuding International Limited (OTC: ZHUD), a Nevada corporation, and Automated Water Solutions Inc., (AWS), a Texas corporation, are pleased to announce the signing of a Reverse Merger Agreement for the acquisition of AWS by ZHUD that will result in AWS having control over ZHUD. The effective date of the merger is 10/31/24.

Mergers 93
article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

article thumbnail

Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how

CNBC: Investing

Artificial intelligence is a powerful tool in Meta Platforms' arsenal, and if it's optimized, it can contribute to earnings per share growth.

article thumbnail

Intrum files for bankruptcy in US to restructure $4.5 billion debt pile

Global Banking & Finance

(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt.

Debt 75

More Trending

article thumbnail

OMV says its gas deliveries from Russia have stopped

Global Banking & Finance

BERLIN (Reuters) – Austrian energy company OMV said gas deliveries from Russia had ended at 6 a.m. (0500 GMT) on Saturday, but the regulator said supplies to customers were stable despite a drop in flows into Austria. “We confirm that there has been no gas delivery from 6 a.m. today,” an OMV spokesperson said.

IT 40
article thumbnail

What Trump's proposed China tariffs could mean for Apple's profits

CNBC: Investing

President-elect Donald Trump's tariff strategy could spell bad news for the tech hardware market, but Tim Cook's company might not feel as much of the pain.

article thumbnail

Philippines urges residents to flee as super typhoon Man-Yi strengthens on approach

Global Banking & Finance

MANILA (Reuters) -Philippine authorities issued an urgent appeal on Saturday for residents in low-lying areas and coastal towns to move to safety as super typhoon Man-Yi gained strength on its approach towards the country’s main Luzon island.

IT 40
article thumbnail

Mergers and Acquisitions in the Age of Trump: Opportunities and Challenges

MergersCorp M&A International

The election of Donald Trump as President of the United States in November 2024 marked a significant change in the political and economic landscape of the country. His presidency brought with it a unique set of policies and attitudes that would directly influence the realm of mergers and acquisitions (M&A). This post will delve into how Trump’s administration impacted M&A activities, examining both the opportunities created and the challenges faced during his tenure.

article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

article thumbnail

Philippines urges residents to flee as super typhoon Man-Yi strengthens on approach

Global Banking & Finance

MANILA (Reuters) -Philippine authorities issued an urgent appeal on Saturday for residents in low-lying areas and coastal towns to move to safety as super typhoon Man-Yi gained strength on its approach towards the country’s main Luzon island.

IT 40
article thumbnail

Dutch government crisis defused, prime minister says

Global Banking & Finance

AMSTERDAM (Reuters) – A government crisis in the Netherlands was avoided in a tense emergency meeting on Friday, as a cabinet member resigned over the government’s handling of violence involving fans of an Israeli soccer team in Amsterdam last week.

article thumbnail

New Zealand inks ‘sustainable’ trade deal with Switzerland, Costa Rica and Iceland

Global Banking & Finance

SYDNEY (Reuters) – New Zealand signed a trade deal on Saturday with Switzerland, Costa Rica and Iceland to remove tariffs on hundreds of sustainable goods and services, in a move Wellington says will boost the country’s export sector.

Trading 40
article thumbnail

Global stocks drop as Fed signals slower pace of rate cuts

Global Banking & Finance

By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday as economic data and comments from Federal Reserve officials suggested a slower pace of interest-rate cuts ahead.

Stock 40
article thumbnail

Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

article thumbnail

Nordic Capital closes in on deal for Astorg’s Anaqua, sources say

Global Banking & Finance

By Emma-Victoria Farr FRANKFURT (Reuters) –Private equity firm Astorg is nearing a sale of its U.S.-based intellectual property software firm Anaqua to Nordic Capital for around $2.5 billion, two people familiar with the matter told Reuters.

Capital 40
article thumbnail

Endesa buys 626 MW hydro assets from Acciona for $1.1 billion

Global Banking & Finance

MADRID (Reuters) -Spanish power utility Endesa has agreed to buy 626 megawatts (MW) of hydroelectric assets from power company Acciona Energia for 1 billion euros ($1.05 billion), Acciona Energia said on Friday.

article thumbnail

MSC subsidiary takes final regulatory hurdle for HHLA takeover

Global Banking & Finance

(Reuters) – HHLA said on Friday that a subsidiary of Swiss-based MSC had received all regulatory approvals for a voluntary public takeover offer of the German port operator.

Mergers 40
article thumbnail

Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut

Global Banking & Finance

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. Brent crude futures settled down $1.52, or 2.09%, to $71.04 a barrel. U.S.

article thumbnail

Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

article thumbnail

Orange appeals 312 million euro seizure by French prosecutors in tax dispute

Global Banking & Finance

By Gianluca Lo Nostro (Reuters) – French telecoms operator Orange said on Friday it had appealed against a 312 million euro ($329.28 million) seizure by the National Financial Prosecutor’s Office in a dispute over VAT.

IT 40
article thumbnail

LVMH unit to close historic Venice department store

Global Banking & Finance

MILAN (Reuters) – DFS Group, the Hong Kong-based travel retailer controlled by luxury giant LVMH, said on Friday it was shutting down its business in Venice’s historic Fondaco dei Tedeschi building. DFS said it would fire over 220 employees, according to trade unions and Venice city councillor Simone Venturini.

Retail 40
article thumbnail

Apple deletes US-funded RFE/RL news app from Russian App Store, news outlet says

Global Banking & Finance

(Reuters) – Apple has deleted one of U.S.-funded Radio Free Europe/Radio Liberty’s Russian-language news apps from the Russian App Store at the request of state communications regulator Roskomnadzor, the news outlet said on Friday. Apple and Roskomnadzor did not immediately respond to requests for comment.

Funds 40
article thumbnail

ECB should cut rates further to support recovery, Cipollone says

Global Banking & Finance

FRANKFURT (Reuters) – The European Central Bank should cut interest rates further to support a nascent economic recovery in the euro zone, also in the face of potential new trade tariffs in the United States, ECB board member Piero Cipollone said on Friday.

article thumbnail

Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

article thumbnail

Oil demand to fall to 80-100 million bpd by 2035, says BP’s US chief economist

Global Banking & Finance

(This Nov 13 story has been corrected to add ‘current trajectory scenario’ context in paragraph 1) HOUSTON (Reuters) – Global oil demand will fall to around 80 million barrels per day by 2035 in a net-zero environment, and 100 million bpd in the current trajectory scenario, BP’s chief U.S.

Trading 40
article thumbnail

Commerzbank and UniCredit hold second round of investor talks, source says

Global Banking & Finance

BERLIN (Reuters) -Commerzbank and UniCredit held a round of investor talks this week, a person briefed on the matter said on Friday, the second such interaction since Italy’s No. 2 bank disclosed in September that it had snapped up a significant stake in the German lender.

article thumbnail

Exclusive-JPMorgan weighs London HQ options as it outgrows Canary Wharf tower, sources say

Global Banking & Finance

By Iain Withers LONDON (Reuters) -JPMorgan is assessing options for its European headquarters in London as the fast-expanding Wall Street bank outgrows its existing tower in London’s Canary Wharf financial district, three sources familiar with the matter told Reuters.

IT 40
article thumbnail

While farmers protest, UK’s Starmer says will defend budget ‘all day long’

Global Banking & Finance

LONDON (Reuters) -British Prime Minister Keir Starmer said on Saturday he would defend decisions taken in his Labour government’s first budget “all day long”, while farmers protested over changes to inheritance tax.

article thumbnail

Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

article thumbnail

S&P revises Ireland’s outlook on Apple back-tax boost; Fitch affirms ratings

Global Banking & Finance

(Reuters) -S&P Global Ratings revised Ireland’s outlook to “positive” from “stable” on Friday, citing extraordinary overperformance in corporate tax receipt collections, while peer agency Fitch affirmed its ratings at “AA” with a “stable” outlook.

S&P 40
article thumbnail

Italy’s Moltiply sole suitor for ProSieben’s e-unit Verivox, sources say

Global Banking & Finance

By Elvira Pollina and Amy-Jo Crowley MILAN (Reuters) – Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said.

Media 40
article thumbnail

FTSE 100 slips as pharma stocks weigh

Global Banking & Finance

(Reuters) -The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain’s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 3.1% and GSK dipped 3.9%, tracking losses in U.S. and European vaccine makers after U.S.

Stock 40
article thumbnail

Dollar notches weekly gain as traders reassess rate cut expectations

Global Banking & Finance

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary.

IT 40
article thumbnail

Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?