Business

Private credit funds slash loan values as borrower stress rises

Tuesday, May 12 by SRN News

(Refiles to fix formatting issues, no changes to text) By Naomi Rovnick LONDON, May 12 (Reuters) - Private credit funds have marked down more than a tenth of their loans by at least 50%, new data from MSCI showed, as corporate borrowers in this $3.5 trillion... Read More.

Trading platform eToro beats quarterly profit estimates on commodities strength

Tuesday, May 12 by SRN News

May 12 (Reuters) - EToro topped Wall Street expectations for first-quarter profit on Tuesday, driven by a strong surge in commodities trading activity. Shares of the retail trading platform, which rose 6.5% in premarket trading, have climbed 10% this year as of the last close.... Read More.

Stellantis CEO says partnerships will be part of future strategy

Tuesday, May 12 by SRN News

MILAN, May 12 (Reuters) - Stellantis Chief Executive Antonio Filosa said on Tuesday partnerships would be a key part of the automaker's future strategy, as it prepares to present a new multi-year business plan next week. Filosa said at the Financial Times' Future of the... Read More.

Norway faces dilemma on openness in wealth fund ethical divestments, finance minister says

Tuesday, May 12 by SRN News

By Gwladys Fouche OSLO, May 12 (Reuters) - When Norway's $2.2 trillion wealth fund - the world's largest - sells a company's shares over ethical concerns, should it explain why? This seemingly simple question has become a dilemma for its guardians, the finance minister told... Read More.

How Keir Starmer could be replaced as UK prime minister after Labour suffers local election drubbing

Tuesday, May 12 by SRN News

LONDON (AP) - U.K. Prime Minister Keir Starmer is facing a battle for his job after his Labour Party suffered a calamitous set of results in local elections last week that if repeated at a general election would see it comprehensively ejected from power. Despite... Read More.

World markets feel the strain as US–Iran war grinds on

Tuesday, May 12 by SRN News

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.... Read More.

Peltz’s Trian in talks to raise funds for bid to take Wendy’s private, FT reports

Tuesday, May 12 by SRN News

May 12 (Reuters) - Activist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take fast-food chain Wendy's private, the Financial Times reported on Tuesday, citing people familiar with the matter. Reuters could not immediately confirm the report. Wendy's and... Read More.

Morning Bid: Peace talks stutter

Tuesday, May 12 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Markets are stuck in a loop of hope and despair as talks to end the war in the Middle East remain deadlocked, with the latest setback sending oil prices higher,... Read More.

Factbox-A Trump-Xi deal could revive US energy exports to China

Tuesday, May 12 by SRN News

By Sam Li and Lewis Jackson BEIJING, May 12 (Reuters) - U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S.... Read More.

Siemens Energy accelerates share buyback after Q2 cash flow jumps

Tuesday, May 12 by SRN News

FRANKFURT, May 12 (Reuters) - Siemens Energy will accelerate its standing share buyback programme after posting a 42% increase in pre-tax free cash flow, the company said on Tuesday, benefitting from demand for data centres to power artificial intelligence technology. The company, which released preliminary... Read More.

Current Weather

Private credit funds slash loan values as borrower stress rises

Trading platform eToro beats quarterly profit estimates on commodities strength

Stellantis CEO says partnerships will be part of future strategy

Norway faces dilemma on openness in wealth fund ethical divestments, finance minister says

How Keir Starmer could be replaced as UK prime minister after Labour suffers local election drubbing

World markets feel the strain as US–Iran war grinds on

Peltz’s Trian in talks to raise funds for bid to take Wendy’s private, FT reports

Morning Bid: Peace talks stutter

Factbox-A Trump-Xi deal could revive US energy exports to China

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