Tag: Financials (TRBC)

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...

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...

Hong Kong tensions unnerve world stocks, oil tumbles

LONDON (Reuters) – World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on...

Fed, Treasury chiefs face heat over uneven U.S. coronavirus response

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled...

Regulator asks for Credit Suisse directors’ mobile data in spy inquiry: sources

FRANKFURT/ZURICH (Reuters) – Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part...

Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources

WASHINGTON (Reuters) – The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential...

Pandemic stirs Wall Street’s social conscience

SYDNEY/LONDON (Reuters) – Worker welfare is having a moment on Wall Street. FILE PHOTO: A man wears a protective mask as he walks past the...

Fed’s Quarles defends decision to let banks maintain dividends

WASHINGTON (Reuters) – A senior Federal Reserve official on Tuesday defended before Congress the central bank’s decision to allow lenders to continue issuing dividends, even...

WeWork directors seek to preserve right to sue owner SoftBank

(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues...

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...

Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

(Reuters) – Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s (UBER.N) results on Thursday, after Lyft indicated a slow...

T-Mobile beats phone subscriber estimates as lockdown creates demand surge

(Reuters) – T-Mobile US Inc (TMUS.O) added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand...

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...

Norwegian Air shareholders back rescue plan: reports

OSLO (Reuters) – Norwegian Air (NWC.OL) shareholders backed key elements of its financial survival plan on Monday, local media reported, with about 95% of votes...

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...

Tesla tumbles after Musk tweets stock too high

(Reuters) – Shares of Tesla Inc (TSLA.O) tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was...

Wall Street uniform to get a new accessory – the face mask

HONG KONG/PARIS/LONDON (Reuters) – Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work...

StanChart sees key markets leading quick economic recovery after loan losses hit first quarter

HONG KONG/LONDON (Reuters) – Standard Chartered PLC (STAN.L) on Wednesday said it expects its main markets to lead global economic recovery from the COVID-19 crisis...

U.S. payroll protection program: What has changed in round two?

WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program...

Exclusive: India plans to fast track Chinese investments after policy change – sources

NEW DELHI (Reuters) – India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening...

Wall Street curtails corporate lending in Europe to put America first: sources

FRANKFURT/LONDON/PARIS (Reuters) – U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and...

Payments fintech AvidXchange raises $128 million to add to funding

NEW YORK (Reuters) – Business payments processing firm AvidXchange Inc, whose investors include Mastercard Inc and PayPal Holdings Inc co-founder Peter Thiel, said on Thursday...