By Noel Randewich (Reuters) – China’s frail growth could weigh on companies with exposure to the world’s second-largest economy, including Apple, big chipmakers and luxury retailers[...]
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Fed launches long-awaited instant payments service, modernizing system
By Hannah Lang (Reuters) – The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans t[...]
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Dubai invites pitches for IPOs of taxi, parking assets – sources
By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and pa[...]
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US consumer watchdog warns no more ‘rubber stamp’ for bank mergers
By Douglas Gillison (Reuters) – U.S. lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial[...]
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Goldman brings back Tom Montag as CEO Solomon bolsters board support
(Reuters) -Goldman Sachs has brought back to its fold senior executive Tom Montag, adding him to its board as the Wall Street giant looks to regain lost ground after its ill-fated foray into consumer[...]
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Activist investor Elliott takes stake in drug manufacturer Catalent – source
By Maggie Fick LONDON (Reuters) – Activist investor Elliott Investment has taken a stake in contract drugmaker Catalent, a source familiar with the matter told Reuters on Thursday. The Wall Stre[...]
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Flagstar Bank hires six First Republic teams to expand private banking
(Reuters) – Flagstar Bank, a subsidiary of New York Community Bancorp, said on Thursday it has hired six private client banking teams from the now-defunct First Republic Bank. Three of the teams[...]
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Investors see Japanese equities shining brighter on attractive valuations
By Divya Chowdhury, Anisha Sircar and Lisa Pauline Mattackal MUMBAI (Reuters) – Japanese equities continue to look attractive to foreign and local investors, backed by a significant valuation di[...]
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YouTube hikes prices for US premium subscribers for the first time
(Reuters) -YouTube, Google’s video streaming platform, hiked prices on its monthly and annual premium plans in the United States for the first time since the subscription service was launched in[...]
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