Deals
Reuters exclusively reported[1] that Fiserv and Amadeus IT Group are competing to acquire Shift4 Payments, a payments processor that has a market value of nearly $7 billion.
Shares of Shift4 jumped as much as 13% on the news.
Article
Read more https://www.reutersagency.com/en/reutersbest/article/fiserv-amadeus-vie-to-acquire-shift4-payments/
Economy
Reuters exclusively reported[1] that the European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity they want.
The ECB
Business & Finance
Reuters exclusively reported[1] that Switzerland’s competition commission favours a deeper investigation into UBS dominance of certain parts of the market after it rescued Credit Suisse last year.
The competition authority,
Energy
Reuters exclusively reported[1] that Swiss miner and commodities trader Glencore is looking at buying Shell’s oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier suitors dropped out.
Health
Reuters exclusively reported[1] that U.S. drugmaker Eli Lilly LLY.N[2] expects to launch Mounjaro, its blockbuster diabetes drug and wildly popular obesity treatment, in India as early as next year after it clears an ongoing regulatory review.
Economy
Reuters exclusively reported[1] that the International Monetary Fund has resolved key issues with Egyptian authorities in a review of its $3 billion loan program and should finalize an augmented financing package within weeks.
The IMF in
Business & Finance
Reuters was first to report[1] that India’s western state of Maharashtra will inspect outlets of global fast-food brands to check if they use cheese alternatives in products wrongly promoted as containing real cheese, widening scrutiny