ZURICH, June 11 (Reuters) – The merger of the Swiss units of UBS (UBSG.S), opens new tab and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired […]
The Hong Kong Monetary Authority (HKMA) is keen to make its green taxonomy framework mandatory for the banking sector to support the development of sustainable financing in the city. Hong Kong’s de facto central bank issued the green taxonomy last month to […]
Consolidation in the oil industry continues, with offshore drilling contractor Noble Corp. on Monday announcing a cash-and-stock deal for rival Diamond Offshore Drilling. Diamond DO shareholders will receive 0.2316 Noble shares NE and $5.65 in cash for each Diamond share, […]
LONDON/SINGAPORE, June 10 (Reuters) – The euro fell sharply on Monday, hit by political uncertainty after gains by the far right in voting for the European Parliament on Sunday prompted a bruised French President Emmanuel Macron to call a snap national election. […]
TOKYO, June 7 (Reuters) – Japan’s two biggest banks will start divesting their strategic shareholdings in Toyota Motor (7203.T), opens new tab – worth a combined $8.5 billion – and will seek to sell into the automaker’s planned share buybacks, Bloomberg News […]
LONDON, June 7 (Reuters) – As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe’s retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers […]
Congress is setting aside $240 million to fix pilot shortages, a problem that has dogged the airline industry in recent years and caused delays for travelers trying to get to their destinations. The new money was tucked inside the recent reauthorization […]
LONDON, June 7 (Reuters) – Britain’s Asda said on Friday that private equity firm TDR Capital will gain majority ownership of the supermarket group by acquiring Zuber Issa’s share in the business, which is still 10% owned by U.S. giant […]
A spectacular run in Chinese stocks has divided global investment banks into two camps, with Goldman Sachs, UBS Group and HSBC Holdings firmly in the bullish camp while Morgan Stanley and JPMorgan Chase’s private-banking unit remain cautious. Goldman has raised […]
Saudi Arabia is poised to raise more than $11.2 billion from the sale of shares in its crown jewel, oil giant Aramco, generating fresh cash for the country’s efforts to diversify its economy beyond oil. The country and its de […]
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