(Reuters) – Property tycoon Rene Benko-founded Signa Group’s Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg News reported on Wednes[...]
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November 15, 2023
GM’s labor deal with UAW union on verge of ratification
By David Shepardson (Reuters) – General Motors’ tentative labor deal with the United Auto Workers (UAW) union closed in on ratification as the votes were counted on Wednesday. Following th[...]
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Cisco lowers annual forecasts on slowdown in new orders
By Samrhitha A (Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company’s shares d[...]
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Fitch says US regional bank challenges to persist in 2024
(Reuters) -Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with those lacking scale or focused on commercial loan growth disproportionately press[...]
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Italy’s Leonardo to offer 6.3% stake in US subsidiary in share sale
(Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS on the market. The 16.5[...]
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Amplify rolls out first SOFR-based ETF for income seekers
By Suzanne McGee (Reuters) – Amplify Investments teamed up with the asset management division of Korean conglomerate Samsung to launch a new actively managed exchange traded fund (ETF) designed[...]
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BOJ’s hawkish rhetoric signals chance negative rates may end soon
By Leika Kihara TOKYO (Reuters) -The Bank of Japan has stepped up its drum beat of hawkish comments over the past week, in a series of communications that insiders say is priming markets for an end to[...]
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Barclays flags Treasuries central clearing cybersecurity risks after ICBC hack
By Davide Barbuscia NEW YORK (Reuters) – A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing for U.S. Treasuries could leave the market more[...]
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Marketmind: Consolidation, at a dovish inflection point
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A bout of consolidation across Asian markets on Thursday is likely after[...]
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