archiveTOPCMB

Banking

European shares rise on Fed pause hopes

Fed meeting eyed later in the dayEntain to buy Poland-based betting operator for $946 mlnLogitech slides after CEO exitGrifols surges on plan to reduce stake in Shanghai RAASSTOXX 600 up 0.4%, European banks add 1.1%June 14 (Reuters) - European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve.The pan-European STOXX 600 index (.STOXX) closed 0.4% higher.Banks (.SX7P), which tend to benefit from higher rates, rose 1.1%. Italy (.FTMIB) and Spain's (.IBEX) lender-heavy indexes rose 0.9%...
Pension

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...
Cryptocurrency

US charges two Russians in hack of Mt. Gox crypto exchange

WASHINGTON, June 9 (Reuters) - The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox, which collapsed in 2014 after losing what was then worth about half a billion dollars in cryptocurrency.The event was one of the first signs of how vulnerable exchanges...
Money

European shares slip as central-bank meetings loom, Croda falls on profit warning

Croda profit warning weighs on other chemical firmsAll eyes on Fed, ECB policy meetings next weekSTOXX off 0.2%, ends week 0.5% downJune 9 (Reuters) - European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines ahead of crucial updates from the U.S. Fed and European Central Bank (ECB), while Croda slid on a tepid profit outlook.The pan-European STOXX 600 index (.STOXX) closed 0.2% down and ended the week 0.5% lower.Investors feared that the Fed could opt for a hawkish stance in its meeting...
Currencies

Oil prices partially recover after US, Iran deny reported nuclear deal

White House rebuts reports of Iran oil dealFed expected to keep interest rates on hold in JuneU.S. crude stocks fall, gasoline inventories riseJune 8 (Reuters) - Oil prices settled lower on Thursday but rebounded from earlier losses after the U.S. and Iran both denied a report that they were close to a nuclear deal.Oil fell by more than $3 on the report that the U.S. would give Iran sanctions relief to export oil in return for Tehran reducing uranium enrichment.A spokesperson for the White House National Security Council called the...
Funds

Analysis: Kim Kardashian seeks secret of private equity success as rising rates bite

BERLIN, June 8 (Reuters) - Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry.Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year.Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce"...
1 37 38 39 40 41 71
Page 39 of 71