64 F
New York
October 22, 2021

INVBR1

China power crunch slams factories as coal lobby warns woes could stay until winter

Reuters
SHENYANG, China, Sept 30 (Reuters) – Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more coal......

Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

Reuters
Global M&A hits all-time peak of $1.52 trillion in Q3 Cheap financing drives desire for transformative deals Volumes double in Europe driven by private-equity buyouts U.S. activity up 32% to $581 billion, Asia Pacific up 21% Frantic dealmaking surpasses all full-year records LONDON, Sept 30 (Reuters) – Global mergers and......

Amplitude valued at $5 bln after shares jump in Nasdaq debut

Reuters
Sept 28 (Reuters) – Shares of Amplitude Inc (AMPL.O) opened nearly 43% above their reference price in their Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at......

China energy crunch triggers shutdowns, pleas for more coal

Reuters
Governor of Jilin province urges more coal imports Environmental checks, surging prices sap electricity generation Fears as power cuts hit traffic lights, 3G networks, factories State Grid Corp seeks to reassure residents on winter heating SHANGHAI, Sept 28 (Reuters) – China faces mounting pressure to ramp up coal imports and......

Two Fed officials depart amid scrutiny over investment trades

Reuters
WASHINGTON, Sept 27 (Reuters) – Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed’s ethics rules. Dallas Fed President Robert Kaplan said he will retire on......

China Evergrande shares dive to 11-year low as default risks grow

Reuters
HONG KONG, Sept 20 (Reuters) – China Evergrande Group (3333.HK) shares plunged on Monday to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for payment obligations this week. Evergrande has been scrambling to raise funds to......

Erdogan’s waning patience: Four questions for Turkey’s central bank

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo As world preps for tighter policy, Turkey looks to ease Erdogan has urged rate cuts despite rising inflation ISTANBUL, Sept 20 (Reuters) – Turkey’s central bank has begun setting the stage......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

Broker TP ICAP first half profit falls as market volatility eases

Reuters
A broker looks at a graph on his computer screen on the dealing floor at ICAP in London, Britain January 3, 2018. REUTERS/Simon Dawson/File Photo Sept 7 (Reuters) – TP ICAP Group Plc (TCAPI.L), the world’s largest inter-dealer broker, reported on Tuesday a lower half-year profit as trading in its......

Buffett-backed Nubank to seek IPO valuation of over $55 bln -sources

Reuters
The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker BANGALORE/SAO PAULO, Aug 25 (Reuters) – Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the......

Credit Suisse tells unvaccinated U.S. staff to work from home, memo says

Reuters
A Credit Suisse sign is seen on the exterior of their Americas headquarters in the Manhattan borough of New York City, September 1, 2015. REUTERS/Mike Segar/File Photo ZURICH, Aug 25 (Reuters) – Credit Suisse (CSGN.S) has asked all non-vaccinated staff in the United States to work from home beginning Sept.......

ValueAct raises bet on Fiserv with purchase of 5.3 mln shares – filing

Reuters
Aug 19 (Reuters) – Investment firm ValueAct disclosed on Thursday that it owned 6.2 million shares of Fiserv Inc (FISV.O) at the end of the second quarter, a 600% increase in its stake in the fintech company compared to the prior quarter. The firm, known for working with corporate management......

U.S. banks walk tightrope of encouraging, but not mandating vaccines

Reuters
NEW YORK, Aug 16 (Reuters) – Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat coronavirus infections in their offices while avoiding a fierce national debate about individual rights, sources at the banks and......

Wall Street investment banks cut China growth forecasts

Reuters
A man checks his phone while walking in Lujiazui financial district during sunset in Pudong, Shanghai, China July 13, 2021. Picture taken July 13, 2021. REUTERS/Aly Song LONDON, Aug 9 (Reuters) – Wall Street banks Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) all cut their China growth forecasts......

Cigna sees bigger hit to 2021 earnings from pandemic

Reuters
Aug 5 (Reuters) – Shares of Cigna Corp (CI.N) tumbled 13% after the health insurer warned of a bigger hit to its full-year earnings due to the impact of the pandemic and said it also expects non-COVID costs to trend near normal levels in the second half of the year.......

China steps up efforts to calm investor jitters; markets rebound

Reuters
HONG KONG/BEJING, July 29 (Reuters) – China stepped up attempts to calm frayed investor nerves after a wild markets rout this week by telling foreign brokerages not to “overinterpret” its latest regulatory actions, setting the stage for a rebound in beaten-down stock on Thursday. Chinese state media also joined in......

Intel, TI split leaves chip outlook in doubt

Reuters
July 23 (Reuters) – Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the year, and it may take another round of earnings next week to settle the question. Texas Instruments (TXN.O) on Wednesday gave......

A scandal cost Brazil billionaire bank CEO his job, but not control

Reuters
Andre Esteves making key decisions for BTG Pactual Esteves oversees BTG push into retail banking Esteves has no plans for formal BTG management role SAO PAULO/NEW YORK, July 19 (Reuters) – Twenty-three days in a Rio de Janeiro jail and getting stripped of his chief executive role were enough to......

Zomato’s $1.3 bln India stock offering draws strong investor demand

Reuters
MUMBAI, July 16 (Reuters) – A $1.3 billion stock offering by Indian food delivery startup Zomato, backed by China’s Ant Group (688688.SS) was more than 26 times oversubscribed before the offer closed on Friday, as investors placed bets on a fast-growing sector. The first IPO in India’s food delivery sector......

Self-driving startup Aurora to go public in $13 bln SPAC deal

Reuters
July 15 (Reuters) – Self-driving technology startup Aurora will go public through a deal with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, giving the combined company a pro-forma market capitalization of $13 billion. The deal with Reinvent Technology Partners Y (RTPY.O) will include a......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More