• Reuters

    Amundi to get 26% stake in Victory in exchange for US business

    Amundi, Europe's largest asset manager, said on Tuesday it had agreed to sell its U.S. business to Victory Capital in exchange for a 26% stake in the U.S. company. Amundi said there was no cash payment involved in the deal. "The proposed transaction with Victory Capital is a unique opportunity to strengthen our presence in the U.S., while becoming a strategic shareholder in a reputable U.S.-based asset management firm with an excellent track record of growth," said Amundi CEO Valerie Baudson.

  • Investor's Business Daily

    Dow Jones Futures: Another Ugly Market Reversal; Nvidia Skids, Tesla Tumbles On 'Dark Day'

    Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.

  • Evening Standard

    London travel news LIVE: M25 and M26 closed after three-vehicle crash with traffic also backing up on M20

    Traffic chaos has hit three motorways following a three-vehicle crash Tuesday morning - with the M25 and M26 shut, and traffic tailing back for three miles on the M20. A 10-mile stretch of the M25 is shut clockwise in Surrey, between junction 5 at the M26/Sevenoaks, and junction 6 at Godstone. Around 10 miles of the M26 westbound has also been shut, from junction 2A at the A20, to where the motorway joins the M25.