World rally championship promoter explores $550 mln sale, sources say
The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring […]
Barclays planned to pull out of Israel’s bond auctions under activist pressure, FT reports
Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under […]
Berkshire invests in Ulta Beauty, Heico as it retreats from Apple
Warren Buffett’s Berkshire Hathaway (BRKa.N), opens new tab acquired stakes in cosmetics store chain Ulta Beauty (ULTA.O), opens new tab and aircraft parts maker Heico (HEI.N), opens […]
Israel’s Bank Leumi Q2 profit slips, to pay investors 40% of net income
Leumi (LUMI.TA), opens new tab, one of Israel’s two largest banks, reported on Wednesday a 7.5% drop in second-quarter net profit, but will […]
Algonquin Power to Sell Renewable Energy Business for $2.5 Billion
Utilities has agreed to sell its renewable energy business for $2.5 billion, a year after putting the segment up for sale. The […]
China’s outbound investing quota crunch spurs foreign asset managers to get creative
Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the […]
Australia’s CBA beats annual profit forecast, extends shares rally
Commonwealth Bank of Australia (CBA.AX), opens new tab, the country’s biggest lender, said on Wednesday full-year profit fell less than analysts feared due […]
Canada’s Scotiabank buys 14.9% stake in US regional lender KeyCorp for $2.8 bln
Scotiabank (BNS.TO), opens new tab is buying a 14.9% stake in American regional lender KeyCorp (KEY.N), opens new tab for $2.8 billion, as the Canadian bank […]
India’s weight on key MSCI equity index rises to record high; $3 bln inflows likely
India’s weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely […]
$2.4 billion wiped off Adani shares after Hindenburg allegations against regulator
Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, faced another heavy share selloff on Monday after the […]
Poland’s BNP Paribas BP Q2 profit jumps 36% on provisions, deferred tax
Poland’s BNP Paribas BP (BNP1.WA), opens new tab posted a bigger than expected 36% jump in second-quarter net profit on Tuesday, supported by a […]
Citigroup’s head of digital assets for markets unit departs, memo says
Citigroup’s (C.N), opens new tab head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, […]