BRUSSELS (Reuters) -EU Commission President Ursula von der Leyen on Friday said she will meet U.S. President Donald Trump in Scotland on Sunday to discuss trade relations between the European Union and the United States.
"Following a good call with @POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong," von der Leyen said in a post on X.
Trump on Friday said there was a... (continue reading...)
By Isla Binnie and Svea Herbst-Bayliss
NEW YORK (Reuters) -Citigroup's global head of clean energy transition investment banking is leaving the U.S. lender for a role advising on mergers and acquisitions at boutique bank Moelis, people familiar with the matter said on Friday.
Serge Tismen is expected to formally join Moelis in September, following a period known as gardening leave. He will advise the bank's clients on dealmaking broadly and... (continue reading...)
By Virginia Furness
LONDON (Reuters) -The Trump administration wants to provide the U.S.'s flagship development agency more leeway to finance projects in high-income countries, while quadrupling its spending power and enhancing its national security focus, according to a White House proposal seen by Reuters.
The plan would represent a big change for the U.S. International Development Finance Corporation, a relatively small agency which until... (continue reading...)
By Colleen Goko
JOHANNESBURG (Reuters) -South Africa’s National Treasury has issued a call for "innovative foreign currency financing solutions", aiming to raise at least $500 million for the 2025/26 fiscal year, following parliament’s resolution of a protracted budget impasse that had threatened fiscal stability.
The Treasury’s announcement on Friday follows the passage of the Appropriation Bill on July 23 by parliament's lower house, ending... (continue reading...)
By Ateev Bhandari and Pritam Biswas
(Reuters) -Shares of U.S. regional banks Pinnacle Financial Partners and Synovus Financial fell on Friday as investors balked at the possibility of stricter regulatory requirements due to their merger, which would significantly increase their combined assets.
The combined entity, with more than $115 billion in assets, would cross the threshold to be classified as a "large financial institution," subject to... (continue reading...)
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