Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board of directors for a change at the top. Lovaglio is locked in a bitter fight with Monte Paschi’s board. While the governance body has proposed external candidate Fabrizio Palermo as successor and stripped Lovaglio of his powers, he...
Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board of directors for a change at the top. Lovaglio is locked in a bitter fight with Monte Paschi’s board. While the governance body has proposed external candidate Fabrizio Palermo as successor and stripped Lovaglio of his powers, he’s running as a candidate for the minority investor PLT Holding . Lovaglio, who spoke in an Bloomberg TV interview, didn’t directly respond to a question about why the board had decided to withdrew its support for him ahead of the annual general meeting on April 15, where shareholders will vote on the nominations. People familiar with the matter said previously there were tensions between Lovaglio and some shareholders over the way he plans to integrate Mediobanca , which the firm acquired last year. In addition, Lovaglio is facing a judicial probe over that deal, which also involves two powerful Monte Paschi shareholders, construction tycoon Francesco Gaetano Caltagirone and Francesco Milleri , chairman of the holding company Delfin Sarl . All have denied wrongdoing. Lovaglio said in the interview he’s “confident” that “everything will be clarified” about the investigation. The probe is “not an issue” for his ability to be CEO, he said, adding that he didn’t think it’s a reason for the board to oppose him. Proxy adviser ISS has criticized the way Monte Paschi seeks to replace Lovaglio. It still recommended that shareholders back Palermo, even though it said he lacks experience running a bank as big as Monte Paschi. The European Central Bank has raised similar concerns, Bloomberg News has reported. September: Paschi Takes Over Mediobanca to Transform Italian Finance December: Paschi, Investors Coordinated to Buy Mediobanca: Prosecutors March 4: Paschi CEO Lovaglio Nears Exit as Committee Denies Backing March 21: Paschi Investor Wants Lovaglio as CEO in Competing List March ...
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future Microsoft Source
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future Microsoft Source
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future news.microsoft.com
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future news.microsoft.com
US president says conflict will end in ‘two to three weeks’, leading to 15% drop in brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than...
US president says conflict will end in ‘two to three weeks’, leading to 15% drop in brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than 15% compared with its price on Tuesday – its lowest level in a week. Continue reading...
Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran. Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Eur...
Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran. Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Europe, the Middle East and Africa. Nearly 10% of that came just from Amazon’s €14.5 billion eight-part debt sale on March 11. Read more: Amazon Raises Record €14.5 Billion From Debut Euro Bond Sale Tech giants have led the action in Europe, with Alphabet Inc. and International Business Machines Corp. taking the second and third spots in the table respectively behind Amazon, following jumbo deals in recent weeks. The trio has a more than 18% combined share of the first quarter’s corporate issuance in the region, the table shows. “They’re so big that they suddenly just become quite a large part of the index,” said Alex Temple , a portfolio manager at Allspring Global Investments. “That means for people who track the index, they have to buy it because it’s such a large chunk.” The offerings from companies seeking to fund ambitious artificial intelligence projects have salvaged an otherwise tough quarter for debt markets more broadly. Overall volumes in the EMEA region have stumbled since the Middle East conflict began at the end of February. Marketwide bond issuance in March, including from banks and governments, reached €126 billion equivalent, 19% below the amount raised in the same month last year, according to data compiled by Bloomberg. That’s meant the huge US tech sales haven’t overwhelmed the European market or hurt pricing, as some commentators warned last year. Read more: Big Tech’s AI Debt Wave Threatening to Swamp Credit Markets Instead, there’s been a clamor for such debt, given these firms are highly rated and have low leverage, making them relative havens at a tim...
(Bloomberg) -- Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran.Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade fi...
(Bloomberg) -- Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran.Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Europe, the Middle East and Africa. Nearly 10% of that came just from Amazon’s €14.5 bill
Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global uncertainties, according to Cushman & Wakefield. At the end of 2025, premium office inventory in 21 major cities in Greater China – including Hong Kong, Beijing, Shanghai, Shenzhen and Guangzhou, as well as Taiwan – amounted to 99.2 million s...
Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global uncertainties, according to Cushman & Wakefield. At the end of 2025, premium office inventory in 21 major cities in Greater China – including Hong Kong, Beijing, Shanghai, Shenzhen and Guangzhou, as well as Taiwan – amounted to 99.2 million square metres (1.07 billion sq ft), up 4.6 million square metres or 8.4 per cent from a year earlier,...