Under fire for weak regulation, dLocal CEO says seeking UK license

By Isabel Woodford (Reuters) – dLocal, the Uruguayan fintech facing allegations of potential fraud from a short-seller, has applied for a UK regulatory license, the company’s chief executive told investors in a recent call reviewed by Reuters, amid claims it dodged rigorous regulatory oversight by relying on Maltese regulators. Nasdaq shares in dLocal – which …

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Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News

(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company may start a sale process as soon as January, the report said citing people. The sale includes legacy policies from Societa …

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UK government clears $12 billion Aveva-Schneider deal

(Reuters) – The UK government said on Wednesday it would take no further action on French industrial group Schneider Electric’s takeover of British software company Aveva. The $12 billion deal had been approved by Aveva’s shareholders in November. (Reporting by Sinchita Mitra in Bengaluru; Editing by Maju Samuel)

VW says S.Africa must end coal dependence for EVs to make sense

JOHANNESBURG (Reuters) – South Africa must wean itself off coal if locally produced electric vehicles – a key element of the government’s decarbonisation plan – are to be climate friendly, the country head of Volkswagen said on Wednesday. Wealthy nations have already committed $8.5 billion to help Africa’s most industrialised nation cut its emissions. The …

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Europe’s BNP Paribas appoints senior executives to Global Markets Americas division

(Reuters) – BNP Paribas SA has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in the United States. The French bank appointed former Morgan Stanley executive Kunal Maini as the co-head of Global Macro – Americas and he will …

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