UAE oil storage company BPGIC is in advanced talks to buy a green energy firm as it aims to diversify its business and contribute to the global push to fight climate change, an industry source close to the discussions told Reuters. Brooge Petroleum and Gas Investment Co BPGIC is in talks with two companies, Austrias […]

ZURICH, April 22 Reuters Credit Suisse said on Thursday it will boost capital reserves after taking a multibillion dollar hit from the collapse of U.S. investment fund Archegos, while regulators announced an enforcement case against the bank over the matter. Switzerlands secondbiggest bank after UBS posted a slightly smallerthanflagged 757 million Swiss franc 825.97 million […]

LONDON, April 22 Reuters Revolut will hire 300 staff for its subsidiary in India and make a multimillion pound investment there as part of its global expansion, the Britishbased digital bank app said on Thursday. The company also appointed Paroma Chatterjee, a former executive at Lendingkart and Via.com among other companies, as its chief executive […]

Reuters ActiveCampaign, a cloud software platform that provides automation tools, said on Wednesday it had raised 240 million in fresh funding, valuing the company at more than 3 billion. The company said the Series C funding round was led by investment firm Tiger Global with new investment from Dragoneer, while existing investors including Susquehanna Growth […]

April 21 Reuters Bunzl is planning to step up acquisitions of smaller businesses, its chief executive said on Wednesday, after revenues were driven higher during the COVID19 pandemic by a surge in demand for masks, gloves and hand sanitizer. The British firm, which supplies companies with personal protection equipment, cleaning chemicals, disposable tableware and other […]

Reuters Lithia Motors Inc topped Wall Street estimates for firstquarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector. Lithia said its total vehicle […]

BERLIN, April 21 Reuters Belgian software startup Deliverect, which connects delivery companies to restaurants, said on Wednesday it had raised 65 million from investors to invest in growth after clocking up a total of 1 billion in orders processed. Deliverect serves UberEats, Deliveroo, Doordash and Just Eat Takeaway, and the Series C fund raising comes […]

PARIS, April 19 Reuters Air FranceKLM may seek to raise more capital to reduce debt and bolster its balance sheet as travel demand recovers from the pandemic later this year, Chief Executive Ben Smith said on Monday. Smith, addressing an online industry event as a 1 billion euro 1.2 billion share issue by the airline […]

Renewable energy group Orsted has agreed to buy Brookfield Renewables Ireland and UK onshore wind business, its first step into Europes onshore wind market, in a deal valued at 571 million euros 683 million. Brookfield Renewable Ireland BRI, headquartered in Cork, develops and operates onshore wind farms in Ireland and the United Kingdom. It has […]

WASHINGTON, April 15 Reuters The ExportImport Bank of the United States said on Thursday its board of directors had approved a yearlong extension of its COVID19 temporary relief measures through April 30, 2022, including for the Working Capital Guarantee Program and Supply Chain Financing Program. EXIM said the measures, first implemented in March 2020 and […]