By Valentina Za, Rachel More and Tom Sims MILAN/BERLIN () -Germany rejected UniCredit's latest Commerzbank (ETR:) stake increase as an "uncoordinated and unfriendly approach" on Wednesday, strongly rebuking the Italian bank. UniCredit, which angered Berlin when it emerged as Commerzbank's biggest private investor in September, said it had raised its stake in Commerzbank to 28%
Investing.com -- SandboxAQ, a startup specializing in applying quantum technology to AI development, has successfully raised over $300 million. The funding round has increased the company's valuation to more than $5.6 billion. The new funds will be utilized to recruit more engineers to further the company's mission. The company, chaired by former Google chief Eric
Investing.com -- Sweden's Finance Ministry has cut its economic growth forecast through 2026. The ministry cites prolonged weakness in Sweden's economy, the largest in the Nordic region, and heightened global uncertainty as the reasons for this revision. The country's Gross Domestic Product (GDP) is now anticipated to grow 2.2% in the next year on a
By Mike Dolan LONDON () -Stock market peaks typically coincide with troughs in cash holdings - but a regional skew to that picture may be messing with the signal for anyone still wary of U.S. equities. The overwhelming, almost unnerving, bullishness about Wall Street stocks for 2025 is now pretty clear. Not one of 16
() -Italian banks have started to disclose the minimum best-quality capital requirements for 2025 set by the European Central Bank under its Supervisory Review and Evaluation Process (SREP). The SREP process provides an overall assessment of the challenges that significant lenders face, resulting in solvency requirements and other supervisory measures they are expected to comply
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON () - Next (LON:) year's top pick for hedge fund strategies is so-called macro, with U.S. President-elect Donald Trump centre-stage as investors bet on how global policy decisions will impact economic conditions and play out in financial markets. Hedge fund returns benefited this year from wild
By Divya Chowdhury and Francesco Canepa MUMBAI () -A weaker euro falling to parity with the dollar would cushion the impact of any new U.S. tariffs on euro zone growth although it would push up inflation, European Central Bank policymaker Pierre Wunsch told on Wednesday. The Belgian central bank governor said in an interview with
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By Yoruk Bahceli LONDON () - With a war raging at the European Union's eastern border, Russia posing a threat, and U.S. President-elect Donald Trump pressuring allies to do more, the bloc urgently needs a viable plan to secure hundreds of billions of euros to bolster its defences. But while there is broad agreement Europe
By Howard Schneider WASHINGTON () - The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration. The anticipated quarter-percentage-point move would lower the