By Saqib Iqbal Ahmed NEW YORK (Reuters) – An epic rally in U.S. stocks has sent Wall Street’s fear gauge to a post-pandemic low. Options strategists believe market gyrations may stay subdu[...]
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December 5, 2023
Mastercard to buy back shares worth $11 billion
(Reuters) – Mastercard on Tuesday said its board had approved a new share repurchase program, authorizing the company to buy back up to $11 billion of its Class A shares. The payments processing[...]
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Exclusive-US power utility Allete explores sale, sources say
By David French (Reuters) -Allete Inc, a U.S. power utility and renewable energy developer that has a market value of about $5.2 billion, including debt, is exploring a sale of the company, people fam[...]
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Amazon latest to criticise Microsoft in UK cloud market probe
By Martin Coulter LONDON (Reuters) -Amazon has told Britain’s antitrust authority its rival Microsoft uses business practices that restrict customer choice in the cloud computing market, the sec[...]
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Speculation of Moody’s China downgrade seen ahead of release in Chinese social media
(Reuters) -Hours before Moody’s downgraded the outlook for China’s sovereign credit ratings on Tuesday, speculation that such a move was imminent was circulating on Chinese social media pl[...]
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Moody’s puts China on downgrade warning as growth, property pressures mount
(Reuters) -Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisi[...]
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Wall Street bank bosses warn lawmakers over new regulations
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regul[...]
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US crypto industry lobby spending on track for new record in 2023
By Hannah Lang WASHINGTON (Reuters) – The cryptocurrency industry was on track to hit a new record for federal lobbying spending, after a year in which firms scrambled to repair their reputation[...]
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Ex-Silicon Valley Bank startup banking chief joins law firm Orrick
By David Thomas (Reuters) – U.S. law firm Orrick, Herrington & Sutcliffe on Tuesday said it has hired the ex-head of startup banking at Silicon Valley Bank, which was a top lender to tech st[...]
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