Tag: Banking and Investment Services (TRBC)

Huawei CFO raises new argument to fight U.S. extradition in Canada court

VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition...

Canada spy agency warned of ‘shock waves’ from arrest of Huawei founder’s daughter

FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada May 27, 2020....

Outside panel to review Samsung heir Lee’s case: Seoul prosecutors

SEOUL (Reuters) – An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and...

Exclusive: Obscure Indian cyber firm spied on politicians, investors worldwide

LONDON/WASHINGTON (Reuters) – A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period...

South Korean court denies arrest warrant request for Samsung heir

SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him...

Virtual certainty? Bankers ask if success of remote roadshows will last

HONG KONG/NEW YORK (Reuters) – Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of...

Amid pandemic, investors bet on India’s Jio and its giant-killer playbook

MUMBAI (Reuters) – From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in...

WhatsApp, PayPal invest in Indonesian super app Gojek

SINGAPORE (Reuters) – Facebook Inc (FB.O) messaging platform WhatsApp and PayPal Holdings Inc (PYPL.O) on Wednesday said they have invested in payment, food delivery and...

Exclusive: China-owned Playtika hires banks for $1 billion U.S. IPO – sources

(Reuters) – Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare for a U.S. initial public...

China’s NetEase targets global expansion with $2.6 billion HK listing

HONG KONG (Reuters) – Chinese online gaming firm NetEase plans to raise about $2.6 billion to fund expansion through its secondary listing which began on...

Huawei CFO Meng loses key court fight against extradition to United States

VANCOUVER/TORONTO (Reuters) – Huawei Technologies Co’s Chief Financial Officer Meng Wanzhou was dealt a setback by a Canadian court on Wednesday as she tries to...

Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus

TOKYO (Reuters) – Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a...

Japan eyes fresh stimulus plan worth over $929 billion to battle pandemic: Nikkei

TOKYO (Reuters) – Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit...

Most publicly listed companies keep U.S. small-business aid loans

Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck...

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

NEW YORK (Reuters) – The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after...

Exclusive: Baidu considers leaving the Nasdaq to boost its valuation – sources

HONG KONG/BEIJING (Reuters) – Chinese search engine giant Baidu Inc (BIDU.O) is considering delisting from the U.S. Nasdaq and moving to an exchange closer to...

Coronavirus hammers U.S. homebuilding; permits tumble

WASHINGTON (Reuters) – U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the coronavirus crisis...

J.C. Penney has need for speed in bankruptcy, lawyer says

(Reuters) – J.C. Penney Co Inc (JCP.N) needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of...

Exclusive: India watchdog reviewing antitrust allegations against Facebook’s WhatsApp – sources

NEW DELHI (Reuters) – India’s antitrust watchdog is looking into allegations that Facebook’s WhatsApp is abusing its dominant position by offering payment services to its...

India’s Reliance strikes third unit stake deal, raising $8 billion in two weeks

NEW DELHI (Reuters) – India’s Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in...

Britain’s mid-sized banks coping with coronavirus, but warn of pain ahead

LONDON (Reuters) – A slew of Britain’s mid-sized banks on Wednesday reported steady deposits and demand in the face of the COVID-19 pandemic, but warned...

Thomson Reuters cuts sales outlook, narrowly misses earnings estimates

NEW YORK (Reuters) – Thomson Reuters (TRI.TO) cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday...

BNP Paribas says revenue resilient despite equity trading hit

PARIS (Reuters) – BNP Paribas’ profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro...

Special Report: How a corporate PR machine is trying to kill a Wall Street tax

WASHINGTON (Reuters) – As Democratic presidential hopefuls descended on New Hampshire prior to the state’s Feb. 11 primary, John Tackeff was busy. John Tackeff, representing...

Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries

WASHINGTON (Reuters) – Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to...