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October 18, 2021

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Morgan Stanley bullish on outlook after profit beat

Reuters
Q3 EPS $1.98 vs $1.68 consensus forecast Investment banking revenues hit record high M&A advisory revenues at record high CEO says pipeline remains strong Oct 14 (Reuters) – Morgan Stanley (MS.N)delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment......

Morgan Stanley bullish on outlook after profit beat

Reuters
Q3 EPS $1.98 vs $1.68 consensus forecast Investment banking revenues hit record high M&A advisory revenues at record high CEO says pipeline remains strong Oct 14 (Reuters) – Morgan Stanley (MS.N)delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment......

Wells Fargo beats profit expectations on reserve release boost

Reuters
Oct 14 (Reuters) – Wells Fargo & Co (WFC.N) beat quarterly estimates for profit on Thursday, as the bank released funds set aside to cover potential loan losses due to the pandemic and reined in costs tied to its years-old sales practices scandal. The fourth-largest U.S. bank has been in......

After Wild West start, scooter providers chase scale to survive

Reuters
LONDON, Oct 14 (Reuters) – The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e-scooters say......

G7 finance officials endorse principles for central bank digital currencies

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration WASHINGTON, Oct 13 (Reuters) – G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of......

S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag

Reuters
JPMorgan falls, BlackRock gains after earnings Fed minutes hint at tapering from November U.S. consumer prices post solid gain in September Indexes: Dow flat, S&P 500 up 0.3%, Nasdaq up 0.7% NEW YORK, Oct 13 (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in......

BlackRock profit beats estimates though asset growth stalls

Reuters
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid NEW YORK, Oct 13 (Reuters) – BlackRock Inc (BLK.N) topped third-quarter profit estimates helped by robust performance fees and strong demand for its actively managed and sustainable funds, even as volatile......

Binance to halt Chinese yuan trading amid Beijing’s crypto crackdown

Reuters
Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration SHANGHAI, Oct 13 (Reuters) – Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese......

Dutch online retailer Coolblue latest to shelve IPO

Reuters
AMSTERDAM, Oct 13 (Reuters) – Dutch online store Coolblue on Wednesday became the latest European company to shelve its plans for listing its shares as stock markets have become gripped by uncertainty. Fear of inflation and rising interest rates and concerns about a property crisis in China have soured investors’......

SAP lifts full-year outlook as more customers shift to cloud

Reuters
The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo STOCKHOLM, Oct 13 (Reuters) – German business software group SAP (SAPG.DE) raised its full-year outlook for a third time on the back of a strong showing in the third......

Natwest earmarks 100 bln pounds for sustainable finance by 2025

Reuters
The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. REUTERS/John Sibley/Files LONDON, Oct 13 (Reuters) – British lender Natwest (NWG.L) said on Wednesday it planned to increase lending linked to sustainable and climate-related finance......

EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks’ staff communications -sources

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON,......

Coding platform GitLab lifts IPO pricing range, eyes nearly $10 bln valuation

Reuters
Oct 12 (Reuters) – Coding platform GitLab Inc is now targeting a valuation of $10 billion in its U.S. listing after raising the price range for its initial public offering, as demand for high-growth companies stays robust despite recent stock market gyrations. The company said on Tuesday it would look......

Billionaire Alibaba founder Jack Ma reappears in Hong Kong – sources

Reuters
Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino HONG KONG, Oct 12 (Reuters) – Alibaba Group (9988.HK) founder Jack Ma, largely out of public......

Fintech firm Halo raises money from Owl Capital, Mubadala

Reuters
DUBAI, Oct 12 (Reuters) – Financial technology firm Halo Investing said on Tuesday it had raised over $100 million in “Series C” funding from investors such as Owl Capital and the $1 billion Abu Dhabi Catalyst Partners, which is backed by state fund Mubadala. Other investors that took part in......

Republican candidate for Virginia governor walks fine line on election fraud

Reuters
CHESTERFIELD, Va., Oct 12 (Reuters) – At a recent Virginia rally, Republican gubernatorial candidate Glenn Youngkin talked up his plans to boost the economy and fight crime, and said nothing at all about false claims that Democratic President Joe Biden’s election victory was the result of fraud. But some in......

IMF board to back Georgieva after review of data-rigging claims -sources

Reuters
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS/File Photo WASHINGTON, Oct 11 (Reuters) – The International Monetary Fund’s executive board will issue......

JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Reuters
NEW YORK, Oct 11 (Reuters) – Jamie Dimon, JPMorgan Chase & Co (JPM.N) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “worthless.” “No matter what anyone thinks about it, government is going to regulate it. They......

U.S. earnings seen strong, but supply chains and costs worry investors

Reuters
A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 24, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK, Oct 11 (Reuters) – Investors are primed for another period of strong U.S. profit growth as third-quarter reports from Corporate America flow in......

Tunisia unveils new government but with no sign of end to crisis

Reuters
Prime Minister Najla Bouden Romdhane poses for a picture during her meeting with Tunisia’s President Kais Saied, in Tunis, Tunisia September 29, 2021. Tunisian Presidency/Handout via REUTERS No hint on economic reforms, relinquishing power Critics decry ‘coup’, backers hail blow vs elite Protests have raised fears of political unrest Saied......

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