Switzerland had an emotional reaction to the 2023 Credit Suisse crisis, UBS CEO Sergio Ermotti said on Monday at a financial services conference in Florida, adding that current regulatory proposals to... ...

Pent-up demand for new listings and a strong pipeline of high-profile private companies such as Elon Musk's SpaceX is setting the stage for what could be a breakout year for the U.S. initial public offering market. ...

Core Viewpoint - Google is facing a lawsuit from Autodesk for allegedly infringing on its "Flow" trademark in the marketing of competing AI-enabled software for creating movies, TV shows, and video games [1] Group 1 - Autodesk claims that Google's use of the "Flow" trademark is misleading and could confuse consumers regarding the origin of the software [1] - The lawsuit highlights the increasing competition in the AI software market, particularly in the entertainment industry [1] - This legal action may have implications for Google's branding and marketing strategies in the AI sector [1]

Group 1 - The FDA has deemed a television advertisement for Novo Nordisk's weight loss pill as "false or misleading" [1] - The communication from the FDA was documented in a letter dated February 5 [1]

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said a... ...

Core Insights - OPEC's oil output decreased in January due to reduced supply from Nigeria and Libya, which counterbalanced increases from other member countries like Venezuela following the U.S. capture of Nicolas Maduro and the conclusion of an oil blockade [1] Group 1 - OPEC's oil output fell in January [1] - Lower supply from Nigeria and Libya contributed to the decline [1] - Increases in oil production from Venezuela were noted after significant political changes [1]

Core Viewpoint - BP is negotiating the sale of its Gelsenkirchen oil refinery in Germany to Klesch Group, an investment firm, as reported by Politico [1] Group 1 - The Gelsenkirchen refinery is currently owned by BP [1] - Klesch Group is identified as the potential buyer in the ongoing discussions [1]

Impactive Capital has nominated four candidates for election to the board of WEX at its upcoming annual shareholders' meeting, the activist investor said on Monday, ramping up pressure on the fintech ... ...

Ferrari released teaser images of its new fully electric sports car on Monday, revealing the name and interior design of the eagerly awaited first for the luxury Italian carmaker. ...

Core Viewpoint - Venezuela's state oil company PDVSA has significantly increased its oil production by reversing most of the output cuts previously implemented in its oilfields and joint ventures, particularly in the Orinoco Belt region, bringing total production close to 1 million barrels per day (bpd) [1] Company Summary - PDVSA has lifted the majority of its output cuts at its oilfields and joint ventures [1] - The reversal of cuts has led to a substantial boost in the nation's oil production levels [1] - Current production levels are nearing 1 million bpd, indicating a recovery in operational capacity [1] Industry Summary - The increase in production is primarily concentrated in the Orinoco Belt, which is Venezuela's main crude oil region [1] - The actions taken by PDVSA reflect a strategic shift in the management of oil output in response to operational needs [1]