U.S. banks’ reluctance to lend cash may have caused repo shock: BIS
LONDON (Reuters) – The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent…
FACTBOX: Saudi Aramco: the oil colossus
DUBAI (Reuters) – State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world’s biggest flotation by raising…
United Auto Workers union names reformer Gamble president until 2022
(Reuters) – The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms…
Alibaba shares trading 7.7% higher in Hong Kong debut
FILE PHOTO: A logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Alibaba Group’s (BABA.N)(9988.HK)…
Novartis nears deal to buy U.S. biotech firm Medicines Co for about $7 billion: WSJ
FILE PHOTO: Switzerland’s national flag flies in front of the logo of Swiss drugmaker Novartis in Basel, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Swiss drugmaker Novartis AG…
Saudi Aramco won’t breach maximum weight for firms in Saudi index: Argaam
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi…
Alibaba’s Hong Kong listing offers valuable Beijing goodwill
SHANGHAI (Reuters) – Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout…
U.S.-China trade deal in sight after progress in high-level talks
WASHINGTON (Reuters) – The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy,…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to…
PG&E says it has $34.45 billion in debt financing for reorganization
SAN FRANCISCO (Reuters) – PG&E Corp said in court papers on Friday it has debt financing commitments of $34.35 billion for a planned Chapter 11 bankruptcy reorganization, countering a group…