(Reuters) -State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets. A combination of CICC and Galaxy, which would mark the second mega merger in China's $1.6 trillion securities industry in a matter of months, has...

(Reuters) - Sibanye Stillwater said on Wednesday it has decided not to proceed with the Rhyolite Ridge lithium-boron joint venture project in the United States with Ioneer, saying it does not meet its criteria for investment. ...

FRANKFURT - German reinsurer Munich Re on Wednesday said it expected claims of about 1.2 billion euros ($1.26 billion) as a result of the Los Angeles wildfires. The wildfires in January killed more than two dozen people and destroyed or damaged more than 16,000 structures, charring an area bigger than Paris.    They were clearly the most substantial wildfire losses...

PARIS (Reuters) - Danone said on Wednesday it was starting the next leg of its revival plan with confidence after it delivered 2024 sales and cash above analysts' expectations, and improved its profit margin thanks to higher volumes as price hikes slowed. The consumer goods giant, whose brands include Evian and Badoit water and Activia yoghurt, reported 2024 sales of...