14:35
2 mins read
Codelco Suffers New Fatalities as Avalanche Hits Copper Mine
Two workers died after a snow avalanche struck Codelco’s giant El Teniente mine, as wild weather continues to batter Chile and compound setbacks for the biggest...
13:34
2 mins read
HSBC Moves to Wall Street Bonus Model, Cuts Fixed-Pay Deals
HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses,...
10:37
1 min read
Genting Shares Tumble Most on Record on Rights Issue Plan
Genting Bhd. shares plunged after the leisure group controlled by Malaysian billionaire Lim Kok Thay announced plans to raise about 1.25 billion ringgit ($306 m...
10:09
2 mins read
1MDB Has Proposal for Settlement With Deutsche Bank
Malaysia’s scandal-hit state fund 1Malaysia Development Bhd. has a proposal for settlement with Deutsche Bank AG in a $1.1 billion lawsuit, marking the latest p...
07:52
1 min read
Dongshan Said to Gauge Demand for Up to $3 Billion Listing
Printed circuit board maker Suzhou Dongshan Precision Manufacturing Co. has started gauging investor interest for a Hong Kong listing that may raise $2 billion...
07:41
3 mins read
Hong Kong Summit Is Said to Draw Goldman, HSBC, UBS Chiefs
Global finance chiefs will convene in Hong Kong in early November, roughly two weeks before US and Chinese leaders meet in Shenzhen in hopes of securing a long-...
06:57
1 min read
Beijing Police Launch Probe Into Wealth Manager CreditEase
Beijing police opened a criminal investigation into companies affiliated with Chinese wealth management firm CreditEase over suspected illegal financial activit...
06:11
4 mins read
UAE Banks Lift Deposit Rates as Credit Surge Squeezes Liquidity
For years, banks in the United Arab Emirates were flush with cash as a domestic economic boom and geopolitical uncertainty elsewhere drew in strong capital infl...
04:51
1 min read
Billionaire Australian Family Buys Three Wine Brands From Penfolds Maker
Australian vintner Treasury Wine Estates Ltd. sold three brands from its extensive portfolio to the billionaire Oatley family, part of a strategy to shift focus...
04:33
1 min read
Jarden Hires Two Forsyth Barr Directors in NZ Talent Battle
Investment firm Jarden has hired two directors from rival Forsyth Barr as the jostling for talent continues to shake up New Zealand’s investment banking market....
04:12
1 min read
Firmus Fiasco Wipes Out $700 Million of Early Backer Maas’ Value
Maas Group Holdings Ltd. has lost more than A$1 billion ($699 million) in market value as Firmus Grid Ltd.’s initial public offering unraveled, with the shares...
03:29
2 mins read
Bain’s Bridge Data Centres Seeks to Upsize Loan to $6.6 Billion
Bain Capital-owned Bridge Data Centres is in talks with banks to more than double the size of an existing loan to about $6.6 billion, people familiar with the m...
02:09
2 mins read
Tycoon Says Taiwan’s Tech Boom Is Filling Up His Luxury Hotels
A surge in travel fueled by Taiwan’s AI boom is driving record results at Formosa International Hotels Corp., highlighting the technology sector’s growing impac...
00:00
24 mins read
A Higher-Rate World Is in Store as Central Banks Approach 2027
Global central banks are likely to head into 2027 with even tighter monetary-policy settings to keep inflation at bay.
A year that began with the prospect of i...
16:35
8 mins read
US CPI to Show Overall Inflation Boosted by Higher Gasoline Prices
Higher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal...
14:23
1 min read
Monte Paschi to Hold Monday Board Meeting on M&A Situation
Banca Monte dei Paschi di Siena SpA has called an extraordinary board meeting for Monday to review the M&A situation following Intesa Sanpaolo SpA’s increased o...
11:30
3 mins read
Spate of European Office Sales Shows Fading Hope of Better Times
As 42,000 real estate professionals descended on Munich this week, government bond yields across several key European markets were reaching their highest levels...
09:47
1 min read
Banque du Caire Offers 30% Stake in Egypt’s Second IPO of Month
Banque du Caire will sell a 30% stake via Egypt’s stock exchange, a long-awaited state-asset sale that would also be the country’s second major initial public o...
08:53
1 min read
Deutsche Bank CEO Criticizes Pace, Consistency of German Reforms
Deutsche Bank AG Chief Executive Officer Christian Sewing urged the German government to step up reforms and do more to roll back employment protection in an in...
04:00
4 mins read
India’s Rupee Defense Raises Question of How Far RBI Will Go
The Reserve Bank of India is broadening its defenses to steady the rupee, taking some of its strongest measures since the 2013 taper tantrum. That may give the...
00:56
1 min read
Australia Home Auction Clearance Rate Stuck Below 50% for Second Week
Australia’s home auction clearance rate held below 50% for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs...
17:25
3 mins read
NatWest’s Sovereign Debt Retreat Ends Decades of RBS Legacy
NatWest Group Plc had for decades bought European sovereign debt and distributed it across markets. That was until Thursday, when the bank said it would only do...
12:33
2 mins read
Court Denies Investor Request to Probe Philips Over 2021 Recall
An Amsterdam court rejected requests from investors for an investigation into Royal Philips NV’s handling of a 2021 recall of its sleep apnea devices.
The Ente...
10:00
3 mins read
Charting the Global Economy: Sentiment Among US Consumers Wanes
Sentiment among US consumers deteriorated for a third straight month on cost-of-living concerns, while personal spending in Japan continued to weaken and German...
03:48
1 min read
Thai Bourse Revises Short-Selling, High-Frequency Trading Rules
Thailand’s stock exchange will roll out revised rules from Nov. 16, including changes to short-selling and high-frequency trading, as it seeks to improve market...
03:33
2 mins read
Hurricane Isaias Slams Florida With Fierce Winds, Heavy Rain
Hurricane Isaias barreled into the Florida Panhandle Friday night with damaging winds and a storm surge that threatened to inundate beachfront communities.
The...
03:00
3 mins read
Safari Park Plan Sparks Fresh Wave of Resident Angst in Vietnam
In the rolling hills of Ba Vi mountain range just outside Hanoi, the planned construction of a new safari park is causing consternation among residents and has...
22:27
2 mins read
Cable One Blocked From Mega Broadband Deal for Now by Judge
Cable One Inc. was temporarily blocked by a federal judge from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR, after l...
22:10
2 mins read
Lone Pine Erases 44% Gain in Brutal Quarter on Poor Stock Bets
Lone Pine Capital’s hedge fund, up 44% this year through June, has lost nearly all those gains in the last quarter due to wrong-way stock bets and short wagers....
21:35
1 min read
GTCR and Elliott Said to Near Deal for Software Firm CCC
GTCR and Elliott Investment Management are in advanced talks to acquire car-insurance software provider CCC Intelligent Solutions Holdings Inc., according to pe...
20:11
1 min read
Dental Firm vVardis Files for US IPO Showing Narrowing Loss
Dental technology firm vVardis Holding AG filed for a US initial public offering, showing rising revenue and narrower losses.
The Zug, Switzerland-based compan...
18:45
1 min read
Brown University’s Fund Returned 20% in Final Year for CIO
Brown University’s endowment returned 19.6% for the period ended in June, the final year under its high-performing chief investment officer.
The gain, its best...
18:45
2 mins read
SoftBank-Backed OPay Wins $185 Million Standard Bank Placement
SoftBank Group Corp.-backed OPay Digital Services Ltd. secured about $185 million in a private placement with Africa’s biggest bank as it prepares to list in th...
17:41
1 min read
Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units
Turkey’s state-run lenders Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to a Turkey Wealth Fund subsidiar...
17:35
2 mins read
SEC Aims to Expand Cross-Trades for Fixed-Income Investments
The Securities and Exchange Commission issued a proposal to let money managers once again cross-trade fixed-income securities, backing a change proponents say w...
17:00
4 mins read
ABCP Market Makes Comeback as Banks Seek Balance-Sheet Relief
Asset-backed commercial paper, blamed for amplifying the 2008 financial crisis, is making a comeback as banks turn to the short-term funding market to do more b...
16:07
3 mins read
Banks Head for $5 Billion Gold Trading Windfall in Record Year
Precious metals traders at the world’s top banks made record profits in the first half of this year, putting them on track for their best-ever annual result as...
15:09
3 mins read
Canada Employment Falls by 68,300 Amid Public Sector Decline
Employment in Canada fell by 68,300 last month, more than erasing previous job gains this year as the trade war with the US drags on.
The unemployment rate tic...
15:05
1 min read
BC Partners Weighs Sale of United Group’s Croatian Unit
BC Partners is preparing a disposal of United Group BV’s Croatian business, as a first step in a broader plan to revive the sale of the telecom operator, people...
14:59
3 mins read
EU Finance Chiefs Reach Preliminary Deal on Markets Supervision
European Union member states reached a deal over a revamp of markets supervision after a decade-long effort to bring down national barriers and spur private fin...
14:56
2 mins read
Hungary’s Ex-PM Orban Denies Role in Ukraine Money Convoy Raid
Hungarian authorities that seized a Ukrainian gold convoy and briefly detained its escorts ahead of the election that unseated Viktor Orban acted on their own i...
14:54
2 mins read
RBI to Sell Bonds, Tightens Bank Cash Rules to Drain Liquidity
India’s central bank stepped up its efforts to drain surplus banking liquidity, announcing a fresh bond sale and requiring lenders to keep more of their mandate...
13:46
2 mins read
Guggenheim Funds’ Outflows Surged to $2.4 Billion Last Month
Guggenheim Partners investors pulled $2.4 billion from its four largest mutual funds in September after reports that federal authorities are probing Chief Execu...
12:54
1 min read
H.I.G. Said to Canvass Investors on $2.6 Billion Infra Fund
H.I.G. Capital is looking to raise about $2.6 billion for its second infrastructure fund, according to people familiar with the matter.
The Miami-based firm ha...
12:30
5 mins read
Colombia Billionaire Set for $500 Million Venezuela Oil Windfall
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Colombia’s richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake i...
12:15
4 mins read
Goldman Set to Lead Wall Street’s $19 Billion Stock-Trading Haul
Wall Street’s biggest banks are expected to unveil a quarterly stock-trading haul of nearly $19 billion when the firms report earnings next week.
But a cooling...
10:19
2 mins read
Exxon Blocked Proposal to Settle $5 Billion Kashagan Dispute
ExxonMobil Holdings Corp. blocked a proposal for partners in the Kashagan oil field in Kazakhstan to make a settlement with the government over a disputed $5 bi...
10:00
5 mins read
Wall Street Sees an Ominous Sign in Bond Market’s Latest Selloff
It’s one of the least understood signals in the fixed-income world, but lately, everyone on Wall Street is abuzz about what it means as it reasserts itself in t...
09:55
4 mins read
The Soaring Swaps Market Is Upending Sales For London’s Realtors
At a local real estate agency on London’s southeastern edge, manager Steve Brown has added a new, and rather unlikely, topic to the usual chatter with clients a...
09:16
4 mins read
Ex-Banker’s Redemption Story Hits a Setback as Firmus Pulls IPO
The listing of Firmus Grid Ltd. was poised to be the next beat of Oliver Curtis’s comeback story after serving time in prison on insider trading charges. It wou...
08:58
1 min read
Red Bull’s Owners Cut Their Dividend to €1.1 Billion Despite Record Profit
Red Bull GmbH paid shareholders €1.1 billion ($1.2 billion) in dividends last year, an 18% reduction from the previous year despite record group profit.
Mark M...
08:55
3 mins read
Wave of Cyberattacks Prompts Japan to Urge Security Reviews
A cascade of cyberattacks has hit Japanese companies over the past few weeks, prompting the government to call for security checks as AI tools lower the barrier...
08:32
1 min read
Cinven Said to Hire Goldman Sachs to Revive Shelved JLA Sale
Buyout firm Cinven is preparing a sale of JLA Group , reviving a deal for the UK commercial equipment and services provider at a time of increased interest in i...
07:10
2 mins read
EU Banks Face Extra Checks on Sovereign Bonds, Regulator Says
Europe’s banking supervisors are carrying out extra checks on the risks around lenders’ multitrillion portfolios of sovereign bonds, according to the head of on...
06:26
2 mins read
Danantara Turns Homeward With $5 Billion to Invest in Near Term
Indonesian sovereign wealth fund Danantara plans to invest more at home in the coming months after deploying capital across multiple overseas projects this year...
00:00
5 mins read
Crypto Billionaire Chris Larsen Is Spending Millions to Shape US Politics
The crypto billionaire has given at least $22.5 million to federal candidates and super PACs this cycle — and plans to go even bigger.
By Emily Birnbaum | Upda...
23:30
2 mins read
Guggenheim Funds’ Outflows Surged to $2.4 Billion in September
Guggenheim Partners investors pulled $2.4 billion from its four largest mutual funds in September after reports that federal authorities are probing Chief Execu...
20:17
4 mins read
Stephen A. Jarislowsky, Admired Canada Fund Manager, Dies at 101
Stephen A. Jarislowsky, who founded one of Canada’s largest fund-management firms and took on large corporations on behalf of small shareholders, has died. He w...
17:40
3 mins read
Michigan Accuses Blue Cross of Monopolizing Insurance Market
The Michigan attorney general is suing the state’s Blue Cross Blue Shield insurance plan for alleged monopolization, opening a new front in a long-running legal...
17:15
2 mins read
Windshield Repair Group Belron Picks Banks for Europe IPO
Safelite and Autoglass owner Belron Group SCA has selected investment banks to lead a potential initial public offering that could be Europe’s largest in years,...
17:08
1 min read
Blackstone Collects $1 Billion for Credit Continuation Fund
Blackstone Inc. has raised roughly $1 billion for a private credit continuation fund, cashing out its existing investors as it continues to manage its loan port...
16:56
2 mins read
Blue Origin Funding Round Lifts Jeff Bezos to World’s Second-Richest
Blue Origin’s $140 billion valuation from its latest funding round has boosted Jeff Bezos ’ fortune by $87 billion, making him the second-richest person in the...
16:22
2 mins read
Jane Street Tells Court Firm Has No Motive to Delay India Probe
Jane Street Group LLC said it has no incentive to delay the Indian regulator’s investigation into alleged market manipulation as the Wall Street trading giant h...
16:14
1 min read
Patrizia Plans to Invest £1 Billion in Building UK Houses
Patrizia SE plans to invest £1 billion ($1.3 billion) in UK housing developments following a meeting between the company’s chief executive officer and Prime Min...
15:39
1 min read
Michigan Attorney General Sues State’s Blue Cross Health Insurer
The Michigan attorney general is suing the state’s Blue Cross Blue Shield insurance plan for alleged anticompetitive conduct, opening a new front in a long-runn...
15:08
3 mins read
Bank of Ireland’s Soured Deals Show Hazard in SRT Boom
Investors have written down two risk transfer deals with Bank of Ireland Group Plc as the underlying loans deteriorate, a warning of the potential pitfalls invo...
15:03
2 mins read
Germany Coordinating Commerzbank Stance, Finance Minister Says
German Finance Minister Lars Klingbeil said he’s been coordinating his stance on UniCredit SpA’s takeover of Commerzbank AG with counterparts in the state of He...
14:59
5 mins read
Miami Developer Gains $1 Billion Windfall From Griffin’s Real Estate Buy
Moishe Mana arrived in Miami in 2009 and started snapping up property in the Wynwood district, a warren of vacant lots and warehouses where graffiti adorned the...
14:49
3 mins read
EU Divided on Landmark Markets Revamp Ahead of Crunch Talks
European Union nations remain divided on which entities should be covered by a beefed-up regional markets regulator and how the watchdog should be governed and...
13:21
2 mins read
Tiger Global Poised for $5 Billion Windfall From OpenAI Bet
A year before OpenAI released ChatGPT to the public, Sam Altman called Tiger Global Management founder Chase Coleman with a pitch: become one of the few institu...
12:20
2 mins read
Tiger Global Poised for $5 Billion Windfall on Early OpenAI Bet
A year before OpenAI released ChatGPT to the public, Sam Altman called Tiger Global Management founder Chase Coleman with a pitch: become one of the few institu...
12:00
4 mins read
Milei Fails to Boost Lending as Banks Load Up on Government Debt
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A push by President Javier Milei’s administration to get Argentine banks “banking again” is losing momentum, with lenders once again leaning on...
11:38
3 mins read
Goldman’s Top Leaders Set to Score More Than $500 Million With Special Bonus
Goldman Sachs Group Inc.’s most senior leaders are set to unlock a special bonus that will rank among the biggest such payouts the firm has ever awarded.
About...
10:13
4 mins read
Billionaire Weston Expands Bet on Beauty and GLP-1s With Boots
When running his family’s grocery empire, billionaire Galen Weston’s biggest bet was an expansion into pharmacies. That chain has become the Canadian company’s...
10:09
1 min read
Sanegene Bio Is Said to Target 2027 for Hong Kong Listing
Sanegene Bio Inc. is targeting next year for a Hong Kong initial public offering after confidentially filing for the deal, according to people familiar with the...
10:02
3 mins read
Paschi Chief’s Intesa Defense Crumbles as Top Investors Balk
Banca Monte dei Paschi di Siena SpA’s plan to fend off an unsolicited takeover from Intesa Sanpaolo SpA by launching two parallel deals of its own suffered a se...
09:28
4 mins read
Saudi Tycoons Built $9 Billion Fortune Off Water Instead of Oil
Saudi Arabia vaulted into the ranks of the world’s rich nations by selling oil worldwide. Inside the kingdom, a group of business families have built a fortune...
09:02
1 min read
Deloitte Fined £6 Million by FRC Over Go-Ahead Group Auditing
Deloitte LLP was hit with a more than £6 million ($7.9 million) fine by a UK regulator over the The Go-Ahead Group Ltd.
The Financial Reporting Council said on...
04:22
2 mins read
Executives Take Pay Cuts Over Staff Misconduct at Prudential Japan
Top executives at Prudential Financial Inc.’s Japan unit will take pay cuts after a panel of outside experts issued a report on widespread employee misconduct i...
00:01
2 mins read
Fear of Rising Interest Rates Puts Off Britain’s Housebuyers
British property agents say aspiring homebuyers are retreating to the sidelines as the Bank of England considers raising interest rates.
The Royal Institution...
00:00
6 mins read
Josh Kushner Builds $17.5 Billion Empire Beyond Venture Capital
From SpaceX to the LA Lakers, the billionaire has emerged as a power player in a year of mega-deals.
By Tom Maloney and Natasha Mascarenhas | Updated on Oct 08...
21:04
3 mins read
Canada Weighs Future of Foreign Homebuyer Ban Before Expiry
Finance Minister François-Philippe Champagne says the federal government is mulling its options ahead of the expiry of Canada’s foreign homebuyers ban at the en...
20:19
1 min read
CIBC Scores Its Biggest LBO Financing With Wittington-Boots Deal
Canadian Imperial Bank of Commerce is providing the majority of the financing to support Wittington Investments’ acquisition of Boots and its associated busines...
19:34
2 mins read
Wells Fargo Faces HUD Investigation Over Black Homeownership
Wells Fargo & Co. is under investigation by the Department of Housing and Urban Development over whether the bank violated fair-lending laws as it sought to boo...
18:58
1 min read
Hedge Fund Rokos Returned 4.2% in Turbulent Month for Trading
Chris Rokos’s macro hedge fund made 4.2% last month when many others eked out meager returns amid challenging trading conditions caused by global bond market vo...
18:40
2 mins read
Private Equity Isn’t Slowing Its Poaching of Bankers, Citi Executive Says
Private equity firms are still aggressively poaching talented young bankers from Wall Street despite indications last year that they would slow down, according...
17:54
1 min read
Hinge Health Sees Hardware Deals Ahead in Digital Health Push
Hinge Health Inc. expects to make more acquisitions, particularly in hardware, as part of a push to automate healthcare and expand beyond its core business of d...
17:43
1 min read
Wells Fargo Drops After Report of HUD Probing Practices
Wells Fargo & Co. shares fell nearly 2% after a report that the Department of Housing and Urban Development is investigating whether the bank violated fair-lend...
16:29
2 mins read
Apollo Says It’s Listening, Responding to Data-Center Pushback
Apollo Global Management Inc. is working to ensure the AI infrastructure deals it finances don’t get derailed by local opposition, according to its head of infr...
16:21
1 min read
Tishman Buys Control of Chrysler Building for $235 Million
Developer Tishman Speyer purchased control of Manhattan’s iconic Chrysler Building in a $235 million deal, ending years of uncertainty for the landmark skyscrap...
16:21
1 min read
Tishman Speyer Buys Control of New York’s Chrysler Building
Developer Tishman Speyer purchased control of Manhattan’s iconic Chrysler Building in a $235 million deal, ending years of uncertainty for the landmark skyscrap...
15:38
2 mins read
Poland Holds Rates Steady as Fuel-Price Cap Curbs Inflation
Poland’s central bank kept interest rates on hold for a seventh month after the government cut fuel prices, easing inflationary pressures for the time being.
T...
15:19
1 min read
Rajapaksa’s Wife in Custody as Family Faces Corruption Probes
Shiranthi Rajapaksa, wife of former Sri Lankan strongman Mahinda Rajapaksa , became the second member of her family to be remanded in custody after her lawmaker...
13:00
6 mins read
India’s $110 Billion HDFC Bank Faces Upheaval With Outsider CEO
As HDFC Bank Ltd. prepares for its first outsider chief executive, trepidation is rippling through its senior ranks, with some bracing for the possibility of mo...
12:35
5 mins read
Partners Group Gets Creative to Fix Funds Hit by Redemptions
The Swiss asset manager which pioneered private capital’s push to tap individuals is getting creative again — this time spurred by a wave of clients who want th...
11:37
2 mins read
HSBC Plans Deep Job Cuts in UK Wealth Management Business
HSBC Holdings Plc is planning job cuts across its UK wealth management business, according to people with knowledge of the matter, as part of a broader push to...
10:52
1 min read
BOE Proposes Automatic Increases for 128 Regulatory Thresholds
The Bank of England wants to index-link more than a hundred thresholds that push lenders and insurers into more onerous regulations, a move it said would reduce...
09:38
1 min read
Iceland Keeps Key Rate at 8% as Economy Shows Signs of Cooling
Iceland’s central bank held borrowing costs steady, capping a seven-month tightening phase, as the economy dogged by persistent inflation shows signs of cooling...
09:31
2 mins read
Dutch Government Plans to Halve ABN Amro Stake to 10.5%
The Netherlands plans to cut its stake in ABN Amro Bank NV in half, taking the bank closer to full private ownership.
The state’s investment vehicle NLFI is lo...
09:27
1 min read
Africa’s Ratings Agency Faces Credibility Test in Niche Market
Africa’s new home-grown rating agency must convince investors that it won’t be prone to local bias as it opens its doors for business.
“The first hurdle will b...
09:15
3 mins read
Dubai School Operator in Talks to Buy $500 Million Saudi Rival
A United Arab Emirates-based school operator is in advanced talks to buy Saudi Arabia’s Ajialuna Educational Co. , according to people familiar with the matter,...
09:00
2 mins read
Rwanda Tungsten Miner Eyes New York IPO as Munitions Metal Soars
Trinity Metals is talking to potential advisers and investors for a US initial public offering as surging tungsten prices bolster the Rwandan miner’s plans to e...
06:30
2 mins read
UK’s Fraud Office to Pay Staff Extra for Longer London Commute
The UK’s Serious Fraud Office will reimburse staff for three years of extra travel costs once the agency moves to Canary Wharf — despite requiring just two days...
05:48
2 mins read
HSBC Plans Sweeping Job Cuts Across UK Wealth Business, FT Says
HSBC Holdings Plc is planning sweeping job cuts across its UK wealth management business as part of a broader push to use artificial intelligence to serve afflu...
05:43
1 min read
Genesis Mulls Gold Mine Sales Once Vault Takeover Is Completed
Gold producer Genesis Minerals Ltd. is looking to sell or spin off some Australian mines after it completes a takeover of Vault Minerals Ltd.
“We’re in a strat...
03:53
1 min read
‘King of Africa’ Smartphone Maker Seeks $428 Million in HK Debut
Shenzhen Transsion Holdings Co., which dominates the market for smartphones in Africa, is seeking to raise as much as HK$3.36 billion ($428 million) in a Hong K...
20:34
2 mins read
Ireland Cuts Energy Taxes in Budget Bid to Appease Voters
Ireland will cut levies on fuels as part of a series of energy measures aimed at helping voters and quelling anger that escalated into protests earlier this yea...
19:50
1 min read
Brazil’s Richest Banker Adds $2.7 Billion on Bolsonaro Rally
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Brazilian billionaire Andre Esteves ’ fortune soared by a record amount as shares in his bank, Banco BTG Pactual SA, joined t...
19:00
3 mins read
Gen Z’s Love of Malls Boosts NZ Stock, Defying Consumer Blues
Shares of New Zealand firm Hallenstein Glasson Holdings are climbing, thanks in part to mall-loving teens who are helping the fast-fashion company defy consumer...
17:47
2 mins read
SEB CEO Torgeby Abruptly Resigns From Sweden’s Biggest Bank
Sweden’s biggest bank is suddenly without a chief executive, as Johan Torgeby decided to step down from SEB AB with immediate effect, citing personal and family...
17:43
5 mins read
HSBC Executive Strikes Back in Court Fight Over Poaching Claims
An HSBC Holdings Plc executive who’s spent years fighting allegations by First Citizens Bank & Trust Co. that he raided staff and stole trade secrets is now see...
17:41
2 mins read
LS Power Raises $6 Billion for Flagship Fund Amid AI Boom
LS Power , a privately-held developer and investor in power infrastructure in North America, has raised $6 billion for its flagship fund, its largest to date, a...
17:31
2 mins read
Dimon Says Anthropic’s Mythos Pushed Cyber Risk Up 10-Fold
Anthropic PBC’s Mythos artificial-intelligence model has dramatically increased global cybersecurity risks, JPMorgan Chase & Co. Chief Executive Officer Jamie D...
16:32
6 mins read
Paramount Closes Warner Merger in Historic Hollywood Deal
Paramount Skydance Corp. closed its $110 billion acquisition of Warner Bros. Discovery Inc. on Tuesday, completing one of the biggest media mergers of all time...
16:30
2 mins read
UBS Needs US Presence to Be Successful, Ermotti Tells CNBC
UBS Group AG has to have a presence in the US to prosper, Chief Executive Officer Sergio Ermotti said, in a sign that he’s unwilling to consider cutbacks to mee...
15:36
1 min read
UBS Needs to Be in US to Be Successful, CEO Ermotti Tells CNBC
UBS Group AG has to have a presence in the US to prosper, Chief Executive Officer Sergio Ermotti said, effectively signaling he’s unwilling to consider cutbacks...
15:09
2 mins read
Canada Exports to US Surged in August Ahead of New Tariffs
Canadian exports to the US rose sharply in August as importers appeared to rush to get ahead of new tariffs imposed by the Trump administration toward the end o...
15:04
1 min read
Dimon Says a UK Windfall Tax on Domestic Banks Wouldn’t Be Fair
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said any UK plan that would impose a windfall tax solely on British lenders and exempt international le...
14:52
2 mins read
McKesson, CD&R to Buy Option Care in $5.8 Billion Deal
McKesson Corp. and the private equity firm Clayton Dubilier & Rice will buy infusion provider Option Care Health Inc. for an enterprise value of about $5.8 bill...
13:46
1 min read
Cardinale’s RedBird Invests $4 Billion in Paramount-Warner Deal
RedBird Capital Partners contributed $4 billion in new equity financing to fund Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., according...
12:18
2 mins read
UK Chancellor Says Bank Tax Decision Still Open Ahead of Budget
UK Chancellor of the Exchequer John Healey told the heads of Britain’s big banks that he hasn’t yet decided whether to tax the sector in this month’s Budget, ac...
11:53
1 min read
UBS Exits Fund Administration Unit Inherited From Credit Suisse
UBS Group AG agreed to divest from a fund administration unit it inherited through the takeover of Credit Suisse as it continues to integrate its former rival....
10:53
1 min read
Davidson Kempner Agrees to Sell Portugal’s ECS to Draycott
Davidson Kempner Capital Management has agreed to sell ECS, one of Portugal’s leading alternative asset and private investment managers, to Draycott.
The deal...
10:00
2 mins read
Wall Street Eyes Record Bonuses as Profit Heads Past $90 Billion
A blockbuster year for New York’s trading and investment-banking firms is poised to deliver record earnings for the industry, with profit on pace to exceed $90...
09:41
2 mins read
Abu Dhabi Royal’s Firm Eyes Titanium Play With Kenmare Bid
A firm controlled by one of Abu Dhabi’s most influential dealmakers has made a bid for Kenmare Resources Plc in a move that could give the Gulf city a source fo...
09:37
2 mins read
Czech Inflation Breaches Target in Boost to Rate Hike Odds
Czech inflation accelerated more than expected last month, bolstering arguments for the central bank to tighten monetary policy further.
Consumer prices rose 2...
09:29
1 min read
Kite Lake to Start New Hedge Fund Run by Former Tyrus Partner
Kite Lake Capital Management is preparing to start a new fund, joining peers capitalizing on investor appetite for hedge-fund products.
The new Diversified Cre...
08:35
3 mins read
BPCE Takes 7% Stake in Sabadell as CEO Seeks Foreign Growth
BPCE acquired a stake of about 7% in Spain’s Banco Sabadell SA as Chief Executive Officer Nicolas Namias seeks to expand business outside the French home market...
08:27
1 min read
Malaysia’s CIMB Is Said to Consider Selling Philippines Business
CIMB Group Holdings Bhd. is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, accordi...
08:19
2 mins read
Ambani’s Jio Said to Seek About $114 Billion Valuation in IPO
Jio Platforms Ltd. is likely to seek a valuation of about 11 trillion rupees ($114 billion) in its planned initial public offering, according to people familiar...
08:16
2 mins read
AustralianSuper Eyes India, Japan in Asia Private Equity Boost
AustralianSuper, the nation’s largest pension fund, plans to ramp up private equity investments in India and Japan as it expands across Asia, betting on an impr...
08:14
2 mins read
Domestic Banks Tighten Grip on India Deals as Fundraising Surges
Domestic investment banks are grabbing the bulk of the business on India’s equity capital markets, just as dealmaking is surging in the second half of the year....
07:39
2 mins read
ByteDance Draws ADIA, Coller to Primavera’s Continuation Fund
Middle East sovereign wealth fund Abu Dhabi Investment Authority and private equity firm Coller Capital are in talks to back a continuation vehicle anchored by...
05:34
3 mins read
Ray Dalio Warns China, Japan May Pull Back From Treasuries
Billionaire Ray Dalio warned that Treasuries are vulnerable to a pullback of demand from China and Japan, two of the US’s largest foreign creditors, highlightin...
00:30
1 min read
Australia’s Consumer Confidence Tumbles Further After Rate Hike
Australia’s consumer confidence declined further in October, driven by the Reserve Bank’s interest-rate increase and ongoing pressure from fuel prices, with hou...
22:18
1 min read
Musk Is a Trillionaire Again as SpaceX Claws Back Post-IPO Slump
Elon Musk is a trillionaire again.
The fortune of the world’s richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Bill...
21:53
1 min read
KKR Private Credit Fund Creeps Beyond 5% Cap to Meet Redemptions
KKR & Co.’s non-traded business development company KKR FS Income Trust Select slightly exceeded its quarterly redemption limit to meet all withdrawal requests,...
20:54
2 mins read
Warren, Hawley Press Insurers Over Closed, Unpaid Claims
US Senators Elizabeth Warren and Josh Hawley are questioning six insurers, including State Farm Mutual Automobile Insurance Co. and Allstate Corp., over concern...
14:32
3 mins read
Arini Raises $1.5 Billion Even as Its Main Fund Sees 13.5% Loss
Hamza Lemssouguer’s Arini Capital Management opened its credit trading strategy to new cash after two years even as the firm’s main hedge fund suffered losses f...