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July 1, 2022

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China takes fresh steps to open bond market to foreigners

Reuters
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 1 (Reuters) – China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service......

Buckle Up: How investors can deal with crypto turbulence

Reuters
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 30 (Reuters) – When Doug Milnes started buying cryptocurrencies in January of this year, he......

Unilever sells Ben & Jerry’s Israeli business to defuse BDS row

Reuters
JERUSALEM, June 29 (Reuters) – Unilever (ULVR.L) on Wednesday sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company’s political stance. The deal comes after the U.S. ice cream brand......

Emerging markets face bleak outlook after stormy start to the year

Reuters
An electronic board showing the graph of the recent fluctuations of market indices is seen as a man works on the floor of Brazil’s B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli/File Photo Register now for FREE unlimited access to Reuters.com Register War worries and rate......

U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

Volt, Australia’s first online-only bank, shuts down due to fund-raising woes

Reuters
June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a......

Credit Suisse tempers growth plans in turbulent market

Reuters
The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, June 28 (Reuters) – Credit Suisse (CSGN.S) may “temper” some of its key growth initiatives in......

Akzo Nobel names Poux-Guillaume as new chief executive

Reuters
Cans of Dulux paint, an Akzo Nobel brand, are seen on the shelves of a hardware store near Manchester, Britain, April 24, 2017. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Dulux paint maker Akzo Nobel (AKZO.AS) has named French businessman Gregoire......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Raft of U.S. banks raise dividends after stress tests

Reuters
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......

Siemens to buy U.S. software company Brightly in $1.58 bln deal

Reuters
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Siemens (SIEGn.DE) is buying U.S. tech company Brightly Software......

Dye & Durham lowers Link Administration takeover offer by a quarter

Reuters
June 27 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday Canadian cloud-based software company Dye & Durham Ltd (DND.TO) lowered its takeover offer by nearly a quarter to A$2.21 billion ($1.54 billion) citing low market value of the share registry firm. Dye & Durham (D&D) has now offered Link......

Saudi bourse to launch single stock futures on July 4 – statement

Reuters
Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS/Ahmed Yosri Register now for FREE unlimited access to Reuters.com Register DUBAI, June 26 (Reuters) – The Saudi stock exchange Tadawul plans to launch single stock futures on July 4, which will enable local......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

Wall Street mints big gains to end strong week

Reuters
S&P 500 has biggest daily jump since May 2020 All 11 major S&P 500 sectors higher Bank stocks rally after clearing Fed’s stress test FedEx jumps after strong forecast Indexes up: Dow 2.68%, S&P 3.06%, Nasdaq 3.34% June 24 (Reuters) – Wall Street’s main indexes soared on Friday in a......

European banks ace U.S. Fed’s stress test, show strong capital levels

Reuters
WASHINGTON/LONDON, June 23 (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more......

EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

Reuters
TOKYO/HONG KONG, June 23 (Reuters) – Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said......

Crypto platform FalconX valued at $8 bln in new funding round

Reuters
NEW YORK, June 22 (Reuters) – Digital assets platform FalconX was valued at $8 billion in a new funding round led by Singapore’s sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 months, its chief executive and founder Raghu Yarlagadda told Reuters, despite a the......

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