Thyssenkrupp CEO: no taboos in steel consolidation plans
FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum, Germany, January…
Bitcoin goes through third ‘halving’, falls vs U.S. dollar
NEW YORK (Reuters) – Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced…
Green hydrogen’s time has come, say advocates eying post-pandemic world
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare…
J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to…
U.S. payroll protection program: What has changed in round two?
WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the…
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point…
Coronavirus set to usher in big changes at U.S. offices
NEW YORK (Reuters) – The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so…
UBS releases diversity figures for Americas staff
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 27, 2017.…
Warren Buffett calls coronavirus outbreak ‘scary stuff,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
Exclusive: Hedge fund Third Point targets British insurer Prudential – sources
FILE PHOTO: A man walks past a Prudential sign outside offices in the City of London March 27, 2013. REUTERS/Luke…
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff”…
Buffett says coronavirus doesn’t dampen his long-term support for stocks
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion…
BlackRock, partners eye initial $500 million for climate fund
LONDON (Reuters) – A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that…
Blackstone raises three-quarters of targeted $4.6 billion life sciences fund
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
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…
BlackRock global active equities chief to leave firm over relationship with colleague
(Reuters) – Mark Wiseman, global head of active equities at BlackRock Inc (BLK.N), is leaving the firm following a violation…
Timeline: Saudi Aramco’s winding road to an IPO
(Reuters) – State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative…
Activist investors to pressure privately held Palantir on human rights
(This November 22 story in fifth paragraph, corrects name to Alger from Alger Capital) FILE PHOTO: Activists protest outside the…
U.S. securities regulator proposes new rules on use of derivatives in exchange traded funds
WASHINGTON (Reuters) – The U.S. securities regulator on Monday proposed new regulations for the use of derivatives by investment funds…
Japanese hotel group Unizo gets six new buyout offers
FILE PHOTO: The logo of Hotel Unizo, operated by Japanese hotel operator Unizo Holdings, is seen at the entrance of…
Southeast Asia’s mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’…
BlackRock names Mehta head of human resources: memo
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager has appointed Manish Mehta as global head of…
Instant View: U.S. September payrolls lower than expected, jobless rate drops
(Reuters) – U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of…
Prudential, M&G to split in October into two FTSE 100 firms
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019.…
Big companies commit to slash emissions ahead of U.N. climate summit
UNITED NATIONS (Reuters) – Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash…
Trian and P&G highlight activist-corporate collaboration after ‘fog of war’
NEW YORK (Reuters) – Eighteen months after officially burying the hatchet in one of America’s most bitter proxy contests, Procter…
Tech investors: No broad lessons seen in WeWork valuation drama
NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions…
Banker tells German fraud trial he made millions from ‘astronomical’ trades
BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he…
After LSE’s sharp rebuff, HKEX begins investor charm offensive
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) is embarking on a three-week charm offensive with London Stock Exchange…
Bank of America’s push to turn around investment bank is bearing fruit
FILE PHOTO: A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo…
Lloyds and Barclays hit by $4 billion insurance mis-selling claims
LONDON (Reuters) – Lloyds (LLOY.L) and Barclays (BARC.L) on Monday said a surge in late claims could see them pay…
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
NEW YORK (Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott…
Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA…
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon…
DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve…
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom…
Investors embrace ESG investing but don’t target gun stocks
BOSTON (Reuters) – Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of…
Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources
NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of…
BlackRock CEO Larry Fink says ECB must buy equities to stimulate euro zone
NEW YORK (Reuters) – BlackRock (BLK.N) Chief Executive Larry Fink said on Friday the European Central Bank will need to…
BlackRock profit misses estimates, hit by lower fees for lending stocks
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, took in less cash last quarter as investors…
China Southern Airlines to receive $4 billion capital injection
FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March…
UK parliamentary committee questions StanChart’s remuneration policy
FILE PHOTO: A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23,…
Goldman Sachs’ equities-backed earnings results may face pressure
NEW YORK (Reuters) – Booming stock markets around the globe helped Goldman Sachs Group Inc (GS.N) offset declines in other…
Big banks beat profit expectations but warning signs grow
(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field…
Wells Fargo tempers cost-cutting outlook
(Reuters) – Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the…
JPMorgan beats profit estimates but shows signs of pressure
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a quarterly profit that beat estimates on Tuesday as higher interest income…
Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in…
Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum…
Potential IPO candidate BioNTech secures $325 million in financing round
FRANKFURT (Reuters) – German biotech firm BioNTech has secured $325 million in a private financing round to boost its cancer…
Rich get richer, everyone else not so much in record U.S. expansion
NEW YORK (Reuters) – Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one…
Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion
FILE PHOTO: People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield…
Deutsche Bank in wealth management hiring spree
LONDON (Reuters) – Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by…
Fearing stock market rout, investors seek shelter in dependable dividends
LONDON (Reuters) – Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
Shares in big banks climb as Fed approves capital plans
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 17,…