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☆ US can't yet compete with China on EVs, Ford chairman tells CNN
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 18 (Reuters) - Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. And now they're exporting them," Ford told CNN's 'Fareed Zakaria GPS' Sunday program. "They're not here but they'll come here we think, at some point, we need to be ready, and we're getting ready," Ford said. Bill Ford, who is the great-grandson of company founder Henry Ford, said in the program that the Michigan battery plant is a chance for Ford engineers to learn the technology and then use it themselves. Ford CEO Jim Farley said in May that Chinese electric vehicle makers are its main rivals in the sector, and that Ford needs distinctive branding or lower costs to beat Chinese automakers.

Persons: Bill Ford, Ford, CNN's, Fareed Zakaria, we're, Marco Rubio, Biden, Henry Ford, Jim Farley, Rishabh Jaiswal, Bharat Govind Gautam, Diane Craft Organizations: Ford, Toyota, Thomson Locations: United States, China, Michigan, Bengaluru

☆ UK's Sunak scraps plan for supermarket price cap after backlash - Telegraph
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 14 (Reuters) - British Prime Minister Rishi Sunak has abandoned plans to ask supermarkets to impose a voluntary price cap on basic goods after a backlash from retailers, the Telegraph reported on Wednesday. British ministers are pursuing other measures to deal with the country's sky-rocketing food inflation, and officials had reassured retailers there would be no intervention in prices, the Telegraph said on Wednesday, citing sources. Britain's competition regulator told supermarkets in late May it was looking at their earnings to identify which supply chains it needed to examine more closely as part of efforts to tackle food price inflation. Asda, Britain's third largest supermarket group, this week froze prices of over 500 products until the end of August, adding to signs that a surge in food inflation is set to abate and even reverse in the coming months. Reporting by Anusha S and Bharat Govind Gautamin Bengaluru; Editing by Diane Craft and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Anusha, Bharat Govind Gautamin, Diane Craft, Jonathan Oatis Organizations: British, Telegraph, British Retail Consortium, Asda, Thomson Locations: Bharat Govind Gautamin Bengaluru

June 15 (Reuters) - The International Monetary Fund (IMF) on Thursday expressed dissatisfaction with Pakistan’s recently presented budget, a blow for the cash-strapped country which has only two weeks left until its bailout programme expires. However, the draft FY24 Budget misses an opportunity to broaden the tax base in a more progressive way," Esther Perez Ruiz, the IMF's resident representative for Pakistan, said in a text message to Reuters. "The new tax amnesty runs against program’s conditionality and governance agenda and creates a damaging precedent," added Perez Ruiz. She said that measures to address the energy sector’s liquidity pressures could be included alongside the broader budget strategy. Added Perez Ruiz: "The IMF team stands ready to work with the government in refining this Budget ahead of its passage," implying the country still has a chance to unlock its ninth IMF board review prior to the end of the EFF programme.

Persons: Pakistan’s, Esther Perez Ruiz, program’s, Perez Ruiz, Bharat Govind Gautam, Jonathan Oatis, Matthew Lewis Organizations: Monetary Fund, IMF, Fund, FX, Staff, Reuters, EFF, Thomson Locations: Pakistan, Bengaluru, Shahid, Karachi

☆ Akhand Bharat: Why a map in India's new Parliament is making its neighbors nervous
▼ + stars: | 2023-06-13 | by ( Rhea Mogul | ) edition.cnn.com time to read: +7 min

Akhand Bharat,” tweeted Minister of Parliamentary Affairs Pralhad Joshi alongside a photograph of the map. “Akhand Bharat in (the) New Parliament. It also took place on the birthday of the late Vinayak Damodar Savarkar, the man widely considered to have developed the Hindutva ideology and one of the first proponents of Akhand Bharat. “We have to see the dream of Akhand Bharat in this lifetime and it has started with (this),” said deputy chief minister of the state of Maharashtra, Devendra Fadnavis. Faisal Khan/Anadolu Agency/Getty Images/FileExperts say such rhetoric has made India’s neighbors nervous.

Persons: Arindam Bagchi, Ashoka, Akhand Bharat, Bharat, ”, Pralhad Joshi, Akhand, Manoj Kotak, Bharat ”, Bharat ’, Mumtaz Zahra Baloch, –, KP Sharma Oli, Baburam Bhattarai, Shahriar Alam, Subrahmanyam Jaishankar, “, Salil Tripathi, Narendra Modi, Vinayak Damodar Savarkar, Savarkar, Modi, Amit Shah, Praful, Sushant Singh, Manjunath Kiran, Critics, Devendra Fadnavis, Faisal Khan, Ayesha Jalal, Fahd Humayun Organizations: CNN, India’s Ministry, External Affairs, Bharatiya Janata Party, BJP, Parliamentary, Rashtriya Swayamsevak Sangh, stoke, Mahasabha, Hindustan Times, Centre for Policy Research, Getty, India’s, Anadolu Agency, Tufts University Locations: Pakistan, Nepal, Bangladesh, New Delhi, India, Afghanistan, Myanmar, “, Kathmandu, New York, Mumbai, ” India, Indian, Kashmir, Karnataka, Bangalore, Maharashtra, Srinagar

☆ Rahane helps India hang tough against Australia onslaught
▼ + stars: | 2023-06-09 | by ( Pritha Sarkar | ) www.reuters.com time to read: +3 min

Australia will be eager to tighten their grip on the match as they lead India by 196 runs, with Usman Khawaja batting on 13 along with Marnus Labuschagne on eight. While Thakur lived dangerously, Rahane went about rescuing India's hopes with his mix of delectable shot selection in the 109-run partnership for the seventh wicket. While he fell 11 runs short of scoring a century in the second over after lunch, the 35-year-old crossed 5000 test runs during his 129-ball knock which included 11 fours and a six. Following Rahane's departure, Thakur steered India past the follow-on target before bringing up his 50 with a sumptuous four. Blinking rapidly, he hurriedly grabbed his bat to make his way to the crease and made sure Australia reached tea without losing any further wickets.

Persons: Pat Cummins, Usman Khawaja, Marnus Labuschagne, Ajinkya Rahane, Shardul Thakur, Scott Boland, Srikar, Bharat, Thakur, Cummins, Cameron Green, Rahane, India's, Alex Carey, Rohit Sharma's, Umesh Yadav, Mohammed Shami, Labuschagne, David Warner, napping, Warner, Pritha Sarkar, Ken Ferris, Toby Davis Organizations: India, Australia, DRS, Cummins, ICC, WTC, Thomson Locations: India, Australia, London

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

☆ Warner misses out on fifty, Australia 73-2 in WTC final v India
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

After Usman Khawaja fell for a duck, Warner shared a 69-run stand with Marnus Labuschagne, who reached 26 not out, to steady the innings. Shardul Thakur dismissed Warner for 43 in the penultimate over before lunch. Earlier, India did not have to wait long for a breakthrough after captain Rohit Sharma won the toss and inserted Australia on a grassy wicket. After a quiet opening hour, Warner cut loose and hit Umesh Yadav for four fours, including three in a row, in an over. Shardul Thakur had two lbw appeals against Labuschagne turned down and India reviewed both decisions but could not get them reversed.

Persons: David Warner, Paul Childs, Usman Khawaja, Warner, Marnus Labuschagne, Shardul Thakur, Steve Smith, Rohit Sharma, Mohammed Shami, Mohammed Siraj, Khawaja, Siraj, nestling, Umesh Yadav, Labuschagne, Bharat, Ravichandran Ashwin, Ravindra Jadeja, Scott Boland, Josh Hazlewood, Amlan Chakraborty, Christian Radnedge, Ed Osmond Organizations: Cricket, ICC, Paul Childs LONDON, India, The, KS, Warner, Thomson Locations: Australia, India, London, Britain, India's, New Delhi

☆ India cabinet approves $11 bln revival plan for state-owned BSNL
▼ + stars: | 2023-06-07 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

[1/2] A man speaks on his mobile phone as he walks past a Bharat Sanchar Nigam Ltd (BSNL) advertisement painted on a wall outside its office in Kolkata, India, August 24, 2017. REUTERS/Rupak De ChowdhuriBENGALURU, June 7 (Reuters) - India's cabinet on Wednesday approved an 890.47 billion rupee ($10.79 billion) revival package for loss-making Bharat Sanchar Nigam Ltd (BSNL) to help the state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. "With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to remotest parts of India," the cabinet said in a statement. Debt-laden BSNL, grappling with poor infrastructure, has been posting losses for the past 12 years. The losses narrowed to 69.82 billion rupees in the year ended March 2022 from 74.41 billion rupees a year ago.

Persons: Vivekanand Subbaraman, Sakshi Dayal, Rama Venkat, Krishna N, Dhanya Ann Thoppil Organizations: Nigam Ltd, REUTERS, Sanchar Nigam Ltd, BSNL, Tata Consultancy Services, 5G, Reliance Industries, Bharti Airtel, Vodafone, Das, Thomson Locations: Kolkata, India, Chowdhuri BENGALURU, New Delhi, Bengaluru

☆ UK's Sunak seeks stronger economic ties with U.S. on Washington trip
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 6 (Reuters) - Britain wants to put its economic ties with the United States on the same footing as the two countries' defence and security cooperation to help both counter global threats, Prime Minister Rishi Sunak will tell President Joe Biden this week. Having left the European Union, Britain is seeking to further align itself with Washington to help navigate a more volatile world driven by the rise of China, the aggression of Russia and the development of Artificial Intelligence. Sunak will meet Biden, U.S. business leaders and members of congress this week, arguing that the existing ties between the two countries mean they are better placed to take on the new challenges together. [1/3] Prime Minister Rishi Sunak arrives at Andrews Air Force Base in Prince George's County, Maryland, ahead of his visit to Washington DC. Writing by Kate Holton; additional reporting by Bharat Govind Gautam in Bengaluru Editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Joe Biden, Sunak, Niall Carson, Biden, Kate Holton, Bharat Govind Gautam, Elizabeth Piper Organizations: European Union, Artificial Intelligence, Biden, Andrews Air Force Base, Washington DC, Thomson Locations: United States, Britain, Washington, China, Russia, Prince George's County , Maryland, Brussels, London, Bengaluru

Rescue workers gather around damaged carriages during search for survivors at the accident site on Saturday. With the rail routes still blocked, family members of deceased passengers are having to find their way by other means to the crash site, to help identify the dead. India’s extensive rail network, one of the largest in the world, was built more than 160 years ago under British colonial rule. Decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents in India. An ambitious National Rail Plan, announced in 2021, envisages that all major cities in north, west and south India should be connected by high-speed rail.

Persons: –, Ashwini Vaishnaw, ”, Dibyangshu Sarkar, Jaya Varma Sinha, ” Sinha, Mansukh Mandaviya, Mandaviya, Naveen Patnaik, Patnaik, “, Narenda Modi, Narendra Modi, Volodymyr Zelensky, Vladimir Putin, Joe Biden, Rishi Sunak, Fumio Kishida, Antonio Guterres, Pope Francis, Modi, Modi’s, Albright Organizations: Hong Kong CNN, Howrah, Bangalore . Rescue, Getty, Jaya, India’s Health, Sunday, Odisha’s, Public Relations Department, Indian, Rapid, Force, British, United Nations, National Crime Records, Group, Rail Plan, Bharat Locations: New Delhi, London, Hong Kong, Balasore, Odisha, Indian, Kolkata, Chennai, Bazar, Bangalore, AFP, Tamil Nadu, Russian, India, Jammu, Kashmir

☆ Deadly Indian rail crash shifts focus from new trains to safety
▼ + stars: | 2023-06-03 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

State monopoly Indian Railways runs the fourth largest train network in the world. It transports 13 million people every day and moved nearly 1.5 billion tonnes of freight in 2022. 'GOOD SAFETY RECORD'Indian Railways maintains that safety has always been a key focus, and points to its low accident rate over the years. “Some malfunction has happened and that the inquiry will reveal,” he said, referring to Friday’s crash. “This accident brings out the need to focus more on these aspects,” he said.

Persons: Long, Narendra Modi's, Modi, Prakash Kumar Sen, ” Sen, Sen, ”, ” Srinand Jha, ” Jha, Mark Potter Organizations: Indian Railways, India, Kirodimal Institute of Technology, Workers, International Railway Journal, YP, Thomson Locations: DELHI, Odisha ., India

CNN —One of the worst train accidents in India’s history is raising questions over the safety of the country’s massive and outdated rail network, as the government invests in its modernization. India’s extensive rail network, one of the largest in the world, was built more than 160 years ago under British colonial rule. Decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents in India. India has seen several similar deadly incidents involving train accidents in recent decades. The same year, Modi announced huge investments in India’s railway system aimed at improving safety and connectivity.

Persons: Rafiq Maqbool, Odisha, Narendra Modi, Modi’s, Albright, Modi, ” Mamata Banerjee Organizations: CNN, AP Authorities, Howrah, National Crime Records, Group, Indian, Rail Plan, India, Bharat Locations: Odisha, Shalimar, Chennai, Yesvantpur, India, Mumbai, Ahmedabad, Jammu, Kashmir, Andhra Pradesh, Uttar Pradesh

More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.

Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, “, “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, ”, Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, “, British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro

☆ FedEx reaches tentative deal with pilot union
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 30 (Reuters) - FedEx Corp (FDX.N) has reached a tentative agreement with pilots of its air delivery unit who had voted in favor of a strike earlier this month seeking higher pay, the package delivery company said in a statement on Tuesday. The Air Line Pilots Association (ALPA) had voted "overwhelmingly" in favor of a strike if needed, when it had entered the final stages of a contract negotiation with the company. FedEx did not provide any further details on the agreement. The agreement prevents a possible strike after 99% of about 6,000 FedEx Express pilots that ALPA represents voted in favor of one, as they asked the company to meet recently improved industry standards for pilot pay. Reporting by Bharat Govind Gautam and Priyamvada C in Bengaluru; Editing by Shailesh Kuber and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: ALPA, Bharat Govind Gautam, Priyamvada, Shailesh Kuber, Sherry Jacob, Phillips Organizations: FedEx Corp, Air Line Pilots Association, FedEx, FedEx Express, Thomson Locations: Bengaluru

☆ Debt ceiling deal is 'good and fair,' says White House advisor Bharat Ramamurti
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt ceiling deal is 'good and fair,' says White House advisor Bharat RamamurtiBharat Ramamurti, White House National Economic Council deputy director, joins 'Squawk on the Street' to discuss the status of the debt ceiling deal, if the debt ceiling bill will impact the economy and much more.

Persons: White, Bharat Ramamurti Bharat Ramamurti Organizations: White, National Economic Council

Bill Clark | CQ-Roll Call, Inc. | Getty Images"Speaker McCarthy should pull this bad bill down. Roy and Bishop weren't the only far-right conservatives who implicitly threatened to unseat McCarthy as House speaker if the debt limit bill passed. Under new rules this year, a single Republican lawmaker can bring a no-confidence vote on McCarthy to the floor. But progressive leaders in the House stopped short of urging their like-minded members to oppose the bill. The message from the White House was similarly low-key, with an emphasis on the GOP asks that were not in the bill.

☆ India's TCS receives $1.83 bln-worth advance purchase order from BSNL
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: 1 min

[1/2] A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai, India October 13, 2016. REUTERS/Shailesh AndradeBENGALURU, May 22 (Reuters) - Tata Consultancy Services (TCS.NS) on Monday said it received an advance purchase order valued over 150 billion rupees ($1.83 billion) to deploy a 4G network across the country from Indian state-run telco Bharat Sanchar Nigam Ltd (BSNL.NS). ($1 = 81.7800 Indian rupees)Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ What does India's BJP losing Karnataka elections mean for Modi?
▼ + stars: | 2023-05-17 | by ( Rhea Mogul | ) edition.cnn.com time to read: +7 min

CNN —India’s ruling Bharatiya Janata Party (BJP) has lost its only stronghold in the country’s south after voters in Karnataka state rejected the Hindu-nationalist policies of Prime Minister Narendra Modi’s party in crucial local elections last week. The opposition Congress party won 135 seats in the state’s legislative assembly, versus 66 for the BJP, giving Modi’s opponents a boost as they prepare to challenge India’s populist leader in next year’s general election. “Were they to lose some or all of the remaining state elections this year, including three big states in the (central and northern) Hindi belt, that may be further indication of waning support,” he said. Indian Prime Minister Narendra Modi waves to the crowd during campaigning for state elections in Bengaluru, Karnataka, on May 7. “A lot would depend on how Congress Party does in upcoming state assembly elections,” Verma said.

☆ Republicans should raise debt ceiling without conditions, says White House economist Ramamurti
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepublicans should raise debt ceiling without conditions, says White House economist RamamurtiBharat Ramamurti, deputy director at the White House's National Economic Council, joins 'Squawk on the Street' to discuss if the economy is near the end of the inflation pressures, the White House's estimates for shelter prices and what the Deputy Director expects from the economy.

☆ First Horizon stock tumbles 50% after TD Bank merger collapses
▼ + stars: | 2023-05-04 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —First Horizon and TD Bank have called off a $13 billion deal that would have formed America’s sixth-largest bank, adding to the turmoil sweeping the country’s regional lenders. But regional banks have been losing the confidence of investors and customers since the March collapse of Silicon Valley Bank and Signature Bank. On Monday, a third regional bank, First Republic, failed and JPMorgan purchased most of its assets. Other regional bank stocks have tumbled in recent days after First Republic’s failure. Customers had been moving their money to bigger banks, leaving some regional banks without the cash they need to pay for withdrawals.

☆ Millions of student-loan borrowers could find out in the next 2 months if they will get Biden's debt relief. Here's what's at stake — beyond a reduction to balances.
▼ + stars: | 2023-05-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

The Supreme Court is expected to issue a decision on Biden's student-debt relief by the end of June. They could have debt relief right now if it weren't for these lawsuits." And it looks like the Education Department is planning for those payments to resume with or without relief. The implementation of targeted debt relief reformsThe Education Department has some other things in the works, aside from broad student-debt relief. Share your student debt story with this reporter at asheffey@insider.com.

☆ India probes education platform Byju's over alleged forex law violations
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +3 min

April 29 (Reuters) - India's financial crime-fighting agency said on Saturday it had raided three premises linked to education platform Byju's and its billionaire CEO Byju Raveendran over suspected breaches of the country's foreign exchange laws. The searches under alleged foreign exchange law violations revealed that Think and Learn Private Limited, Byju's parent firm, had received foreign direct investment of nearly 280 billion rupees ($3.43 billion) during the period from 2011 to 2023, ED said. Byju's legal spokesperson said the visit by ED officials to one of the company's offices in Bengaluru was related to a routine inquiry under foreign exchange laws. The company reported a loss of 45.64 billion rupees ($558.49 million) in May for fiscal 2021. Byju's spent $2.5 billion in fiscal year ended March 2022 to acquire companies such as Aakash, U.S.-based Epic, kids' coding platform Tynker, professional education firm Great Learning and exam perpetration platform Toppr.

☆ India probes education platform Byju's over forex laws
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +2 min

April 29 (Reuters) - India's financial crime-fighting agency said on Saturday it had raided three premises of billionaire Byju Raveendran, the founder and CEO of education platform Byju's, over suspected breaches of the country's foreign exchange laws. Blackrock last month cut Byju's valuation by nearly half to $11.15 billion, according to a filing seen by Reuters. Byju's legal spokesperson said the visit by ED officials to one of the company's offices in Bangalore was related to a routine inquiry under foreign exchange laws. The statement issued by the agency said the company also remitted 97.5 billion rupees to various foreign jurisdictions between 2011 and 2023 in the name of overseas direct investments. Byju's spokesperson said the company had provided authorities with all the information they requested.

☆ TD Bank says in talks over possible extension of First Horizon takeover deadline
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

TORONTO, April 20 (Reuters) - Toronto-Dominion Bank (TD.TO) believes its planned takeover of First Horizon Corp (FHN.N) is unlikely to close by its slated deadline and the company is in talks about a "possible extension," TD's chief executive officer said on Thursday. "We have opened discussions with First Horizon about a possible extension, and we will update our shareholders when we can," Bharat Masrani, Group President and CEO at the Canadian lender said at the firm's annual general meeting (AGM). TD is awaiting regulatory approval of the $13.4 billion transaction, which was set to close on May 27, and had previously said it was in discussions with First Horizon to extend the date. Some shareholders have been urging TD to ditch deal after the collapse of Silicon Valley Bank and Signature Bank last month triggered a crisis of confidence. Reporting by Maiya Keidan; Editing by Ismail ShakilOur Standards: The Thomson Reuters Trust Principles.

☆ Societe Generale discusses Japan's climate policy and nuclear plans
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan has taken a 'small step forward' in energy transition plan, but concerns remain: StrategistBharat Sachanandani of Societe Generale discusses Japan's climate policy and its nuclear development plan.

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