July 9 (Reuters) – Wells Fargo (WFC.N), opens new tabsaid, opens new tab on Tuesday it has named Alexandra Barth as the co-head of its leveraged finance business, beefing up the lender’s ranks as it looks to expand its investment banking operations. […]
BP BP -3.83%decrease; red down pointing triangle expects to book an impairment of up to $2 billion for the second quarter, and warned that weak oil trading and lower refining margins will hurt earnings. The British energy major said Tuesday that it expects […]
BRISBANE, July 9 (Reuters) – Australia on Tuesday pledged to boost investment in Pacific Island countries to support their financial systems, as banks cut ties to the region citing risk at a time when China is looking to increase its […]
NEW YORK, July 1 (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. The sales could […]
LONDON, July 1 (Reuters) – Hedge funds betting on a rise in banking shares abandoned trades last week at the fastest pace since May 2021, according to a June 28 Goldman Sachs note, meaning they missed the sector’s rally on […]
July 3 (Reuters) – General Motors (GM.N), opens new tab will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said […]
NEW DELHI, July 3 (Reuters) – India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming […]
BEIJING/SHANGHAI, July 8 (Reuters) – China’s central bank said on Monday it would start conducting temporary bond repurchase agreements or reverse repos to make open market operations more efficient and keep banking system liquidity ample. Market participants and analysts believe […]
ZURICH, July 3 (Reuters) – U.S. bank State Street (STT.N), opens new tab has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS (UBSG.S), opens new tab, authorities said […]
FRANKFURT, July 4 (Reuters) – German private bank staff have struck a deal with employers for a 10.5% pay increase to cope with rising living costs, union and bank representatives said on Thursday. The agreement, affecting some 140,000 workers, was […]
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