FRANKFURT (Reuters) - Germany's Commerzbank said on Thursday it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024. It also expects a payout ratio of "well above 50%" for 2025 through…
By Pete Schroeder WASHINGTON (Reuters) -The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to a report from the U.S. Federal Reserve's inspector general. The…
By Supantha Mukherjee and Divya Rajagopal STOCKHOLM/TORONTO (Reuters) - Swedish lithium-ion battery producer Northvolt said on Thursday it would open a $5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle…
SHANGHAI (Reuters) -Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said. Nio's founder…
(Reuters) -ChatGPT maker OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank's Masayoshi Son to build the "iPhone of artificial intelligence", fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times…
(Reuters) -Micron Technology's first-quarter loss forecast has triggered concerns of a sluggish recovery in the memory chip maker's end-markets such as data centers, sending its shares down over 5% in early trading on Thursday. The company on Wednesday forecast a…
By Chris Taylor NEW YORK (Reuters) - If you really want to get Monica Dwyer’s attention, just show her a fancy pen. Dwyer may be a financial planner by trade, but she is also a devoted calligrapher – and so…
(This Sept. 26 story has been corrected to say 'the court of Western District of Washington state' instead of 'the court of the District of Columbia' in paragraph 19) By Diane Bartz WASHINGTON (Reuters) - The U.S. Federal Trade Commission…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, the jailed former cryptocurrency billionaire known for his casual appearance, can dress up for his forthcoming fraud trial. U.S. District Judge Lewis Kaplan on Wednesday ordered U.S. marshals and Brooklyn jail officials…
By Pete Schroeder, Michelle Price and Carolina Mandl WASHINGTON/NEW YORK (Reuters) - U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China technology sectors which they say are too vague and put…
