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November 30, 2021

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Wall Street sees first Fed climate change review in 2023

Reuters
Climate change activists voice their opposition to U.S. President Joe Biden reappointing Jerome Powell to serve a second four-year term as the chairman of the Federal Reserve and demand Biden appoint a climate advocate, during a rally outside the Federal Reserve in Washington, U.S., October 29, 2021. REUTERS/Leah Millis WASHINGTON, Nov......

Analysis: Banks profit from building up and breaking up companies

Reuters
Nov 16 (Reuters) – It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time the answer involves a deal, even if it represents an about-face for the companies. Last week’s announcements by General Electric Co (GE.N), Toshiba Corp......

EXCLUSIVE BNP hires advisers to explore $15 bln Bank of the West sale – sources

Reuters
The BNP Paribas logo is seen at a branch in Paris, France, February 4, 2020. REUTERS/Benoit Tessier JPMorgan and Goldman Sachs working with BNP – sources Discussions still at early stage – sources PNC, Canada’s TD and BMO seen as potential suitors Any deal would face U.S. regulatory challenges LONDON,......

Puppy love: How pet parents cope with costs

Reuters
NEW YORK, Nov 15 (Reuters) – When Pamela Keniston sits down to do her monthly budget, she has a new element to account for these days. Hint: Short blonde fur, barks fiercely at bunnies and goes by the name of Zuzu. The lovable “supermutt” – a mix of Yorkie, Maltese,......

Japan’s largest bank MUFG forecasts annual net profit to hit record

Reuters
Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo TOKYO, Nov 15 (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) on Monday forecast record annual net profit, thanks to the release of cash from pandemic-related provisions as well as a drop in other......

EV maker Rivian prices IPO above range to raise over $11.9 bln

Reuters
NEW YORK, Nov 9 (Reuters) – Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise more than $11.93 billion, the company said on Tuesday. The flotation ranks among the top 10 IPOs of all time......

EXCLUSIVE BlackRock raises $673 mln for climate-focused infrastructure fund

Reuters
People are seen in front of a showroom that hosts BlackRock in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann Climate Finance Partnership passes $500 mln target France, Germany, Japan all invest in novel fund EM investment a key issue at COP26 climate talks GLASGOW/BOSTON, Nov 2 (Reuters) – BlackRock Inc......

GameStop chief operating officer Owens leaves after 7 months

Reuters
A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. Picture taken January 27, 2021. REUTERS/Nick Zieminski/File Photo Oct 29 (Reuters) – GameStop Corp (GME.N), the company whose stock became a sensation with day traders this year, said on Friday......

New York pension fund joins exit from Unilever over Israel restrictions

Reuters
A refrigerator bearing the Ben & Jerry’s logo is seen at a food store in the Jewish settlement of Efrat in the Israeli-occupied West Bank July 20, 2021. REUTERS/Ronen Zvulun Oct 28 (Reuters) – New York’s $268 billion state pension fund on Thursday became the latest to restrict its holdings......

U.S. Senate Democrat unveils ‘billionaires tax’ for Biden agenda

Reuters
U.S. President Joe Biden departs after delivering an update on his administration’s coronavirus disease (COVID-19) response in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., June 2, 2021. REUTERS/Carlos Barria WASHINGTON, Oct 27 (Reuters) – U.S. billionaires would pay tax on unrealized gains......

Analysis: The 1970s all over again? Stagflation debate splits Wall St

Reuters
U.S. dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington, November 14, 2014. REUTERS/Gary Cameron NEW YORK, Oct 27 (Reuters) – Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when......

EXCLUSIVE Italy and UniCredit close to ending talks over MPS sale-sources

Reuters
Banca Monte dei Paschi’s headquarters in Siena, Italy, October 27, 2017. REUTERS/Stefano Rellandini/File Photo Agreed to exclusive talks on July 29 Fail to bridge gap over MPS’ recapitalisation needs Framework studied for UniCredit could apply in standalone plan LONDON, Oct 23 (Reuters) – Italy’s government and UniCredit (CRDI.MI) are preparing......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

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......

Carlyle CEO says firm is committed to China

Reuters
NEW YORK, Sept 22 (Reuters) – Carlyle Group Inc (CG.O) Chief Executive Kewsong Lee said on Wednesday that the U.S. private equity firm will remain a long-term investor in China despite “bumps” that have unnerved some investors. Beijing authorities have rolled out restrictions in the last few weeks on companies,......

Factbox: Pros and cons for El Salvador, the first bitcoin nation

Reuters
A banner that reads “We accept Bitcoin, free, fast and without contagion” is seen at a beach cafe on Punta Roca Beach in La Libertad, El Salvador April 25, 2021. REUTERS/Jose Cabezas SAN SALVADOR, Sept 6 (Reuters) – El Salvador will on Tuesday become the first country in the world......

MEME ETF seeks to tap retail investor sentiment

Reuters
A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. Picture taken January 27, 2021. REUTERS/Nick Zieminski/File Photo NEW YORK, Aug 26 (Reuters) – Investors looking to bet on the “meme stock” phenomenon that has characterized the retail trading boom......

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.......

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