Exclusive: Hyundai India IPO banks set for country’s second biggest payday with $40 million fee
MUMBAI, June 26 (Reuters) – Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as […]
Wealthy nation creditor club sees tide shifting as debt defaults peter out
LONDON, June 26 (Reuters) – The debt crisis risk that has overshadowed the global economy for four years is beginning to recede, […]
Central banks must prepare for profound impact of AI, BIS says
LONDON, June 25 (Reuters) – Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, […]
Foreign banks target Switzerland after UBS takeover of Credit Suisse
ZURICH, June 24 (Reuters) – As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding […]
Brookfield to Takeover France’s Neoen in $6.5 Billion Deal
Brookfield Asset Management BN 1.82%increase; green up pointing triangle agreed to buy a majority stake in France’s Neoen NEOEN 1.46%increase; green up pointing triangle, the first step toward […]
Bank of Japan opens door for a hawkish double surprise
TOKYO, June 25 (Reuters) – The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger […]
European Investment Bank steps up multi-billion euro defence investments
BERLIN, June 24 (Reuters) – (This June 24 story has been corrected to add currency in the headline and fix the name […]
UBS picks Chinese state fund over Ken Griffin’s Citadel Securities for Credit Suisse unit
UBS Group has agreed to sell the majority of its stake in Credit Suisse’s China venture to a Beijing-backed fund, dealing a […]
Under Armour to pay $434 million to settle lawsuit over sales disclosures
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker […]
Prudential Plans $2 Billion Share Buyback
U.K. insurer Prudential PLC PRU 6.62%increase; green up pointing triangle is planning a $2 billion share buyback as part of its efforts to boost shareholder returns. Under […]
AmEx to buy restaurant booking platform Tock for $400 mln
June 21 (Reuters) – American Express (AXP.N), opens new tab is buying Squarespace-owned (SQSP.N), opens new tab restaurant booking platform Tock for $400 million to expand […]
German Allianz to invest in China’s mega pension company with 2% stake
BEIJING/HONG KONG, June 24 (Reuters) – Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the […]