(Reuters) – Aston Martin is closing in on a deal to raise over 500 million pounds ($589.30 million) by bringing in Saudi Arabia’s sovereign wealth fund as a major shareholder and launching a rights issue for investors, the Financial Times reported on T…
Payments firm Stripe cuts internal valuation by 28% – WSJ
(Reuters) -Payments giant Stripe, last valued at $95 billion, has cut the internal value of its shares by 28%, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company told employees in an email that its interna…
Banks to mop up new Saipem shares for 592 million euros after cash call
MILAN (Reuters) -A pool of banks will have to buy shares worth almost 600 million euros in Saipem after a cash call by the Italian energy services firm fell short of the 2 billion euro target it was seeking from investors to shore-up its finances. Saip…
Central banks rapidly shift gears in bid to stem inflation tidal wave
By Lindsay Dunsmuir (Reuters) – Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession. Already inve…
Factbox-Extracts from court documents in LME nickel legal case
LONDON (Reuters) – Hedge fund Elliott Associates and Jane Street Global Trading JSGT) are seeking to sue the London Metal Exchange (LME) for a combined $472 million after the LME cancelled nickel trades on March 8 when prices soared to top a record $10…
Tesla moves to push lawsuit over mass layoffs out of court
By Daniel Wiessner (Reuters) – Tesla Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice. Tesla in a filing in federal court in Austin, Te…
Hedge fund Elliott, Jane Street invoke Human Rights in LME nickel lawsuit
By Kirstin Ridley and Pratima Desai LONDON (Reuters) – U.S. hedge fund Elliott Associates and Jane Street Global Trading are invoking the Human Rights Act as they seek to sue the London Metal Exchange (LME) for a combined $472 million over its decision…
Ukraine condemns Russia strike that killed 23 in ‘ordinary, peaceful’ city
By Sergiy Karazy VINNYTSIA, Ukraine (Reuters) – Russian missiles struck the Ukrainian city of Vinnytsia far behind the frontlines on Thursday in an attack which Ukrainian officials called a war crime and said had killed at least 23 people, including th…
Forty-five nations pledge to coordinate evidence of war crimes in Ukraine
By Anthony Deutsch and Robin Emmott THE HAGUE (Reuters) -The United States and more than 40 other countries agreed on Thursday to coordinate investigations into suspected war crimes in Ukraine, shortly after what Kyiv said was a Russian missile strike …
Russia’s central bank resisting calls to take over running of Western banks’ local arms -sources
MILAN/MOSCOW (Reuters) – Russia’s central bank is resisting domestic calls to take over the running of foreign lenders’ local businesses, two sources with direct knowledge of the matter told Reuters, concerned in part that this could prompt depositors …