Spain’s BBVA announces $13 billion hostile takeover bid for Sabadell
Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though […]
Global family offices flock to Hong Kong as property, stock market and Greater Bay Area opportunities act as magnet
The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number […]
Wells Fargo names former JPMorgan executive as co-head of investment bank
May 8 (Reuters) – Wells Fargo (WFC.N), opens new tab named former JPMorgan Chase (JPM.N), opens new tab executive Fernando Rivas as co-CEO of its corporate […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]
Saudi Arabia Invests $2.5 Billion in Middle East Green Initiative
In a significant move towards environmental sustainability, Saudi Arabia has pledged $2.5 billion to the Middle East Green Initiative. This ambitious regional […]
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s limping initial public offerings (IPO) market, dealt a crippling blow by rising interest rates and an aversion to Chinese assets, appears to […]
Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled […]
Private credit market is a ‘big story’ in Asia though institutional investors have become selective, say industry experts
Hong Kong-based credit investment firm SC Lowy is raising a private debt fund with a target size of up to US$800 million, […]
US financial regulators restart work on long-delayed compensation rules
WASHINGTON, May 6 (Reuters) – A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive […]
Exclusive: China’s CICC may cut investment banking headcount by at least 10% this year, sources say
SHANGHAI, May 7 (Reuters) – China International Capital Corp (CICC) (3908.HK), opens new tab may reduce its investment banking headcount by at least 10% […]
Australia’s RBA sees no need to hike rates but wary of price risks
SYDNEY, May 7 (Reuters) – Australia’s central bank chief said on Tuesday interest rates were at the right level after holding steady […]
How Finnish strikes over labour reforms are affecting companies
May 7 (Reuters) – The SAK trade union association said in early April that Finnish labour unions would suspend a four-week strike which began […]