Morning Bid: Big Tech reports as bond yields recoil
A look at the day ahead in U.S. and global markets from Mike DolanBig Tech heavyweights Microsoft (MSFT.O) and Alphabet...
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Banking turmoil backs case for ‘final mile’ of Basel capital rules, says watchdog
De Cos: rules will not mean significantly more capitalDe Cos: AT1 instruments may need more transparencyLONDON, Oct 13 (Reuters) -...
India’s Axis Bank investment banking unit co-CEO Negandhi resigns – internal memo
Brochures are seen at a branch of Axis Bank in Mumbai, India, January 22, 2018. REUTERS/Danish Siddiqui/File photo Acquire Licensing RightsNEW DELHI, Sept 15 (Reuters) - The co-CEO of Axis Bank's (AXBK.NS) investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday.The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters.Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo.Negandhi...
Morning Bid: Soft landing swings into view
A look at the day ahead in European and global markets from Brigid RileyIs the most aggressive U.S. hiking cycle...
ECB’s De Cos sees another 25 bps rate hike in July, no certainty afterwards
MADRID, June 22 (Reuters) - The European Central Bank will need to raise interest rates by another 25 basis points...
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland (ADM.N) and Cargill (CARG.UL), valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal...
S&P 500, Nasdaq close lower as traders cash in on latest megacap rally
Netflix gains after Wells Fargo PT raiseCoinbase rebounds day after hitting seven-month lowIndexes:June 7 (Reuters) - The S&P 500 and...
UK finance minister to meet food manufacturers to discuss high prices
LONDON, May 22 (Reuters) - British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices...
Berkshire dumps shares in TSMC, banks; increases Apple stake
NEW YORK/BANGALORE, Feb 14 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) slashed its stake in Taiwanese contract chip-maker TSMC...
