Finance

BRASILIA, June 27 (Reuters) – Brazil’s central bank said on Thursday that stronger-than-expected activity is the main reason behind its higher inflation projections, one of the factors that led it to halt interest rate cuts earlier this month. In its […]

TOKYO, June 28 (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that the authorities were “deeply concerned” about the impact of “rapid and one-sided” foreign exchange moves on the economy, as the yen declined to 38-year lows past […]

SoftBank on Friday announced plans to issue euro and dollar-denominated bonds as it looks to pay down debt and focus its investments on artificial intelligence. The huge Japanese holding company said it will issue around $900 million in U.S. dollar-denominated bonds […]

SYDNEY, June 28 (Reuters) – Australia on Friday gave the go-ahead for ANZ Group’s (ANZ.AX), opens new tab A$4.9 billion ($3.26 billion) buyout of Suncorp’s (SUN.AX), opens new tab banking business, clearing the deal to proceed after almost two years of scrutiny by financial […]

ZURICH, June 27 (Reuters) – UBS (UBSG.S), opens new tab is shaking up its wealth-management arm, the bank’s flagship business, to boost its offerings to ultra-rich clients, the division’s new co-leaders said in their first internal memo sent on Thursday and seen […]

Under Armour UAA -1.70%decrease; red down pointing triangle said it has agreed to pay $434 million to settle a yearslong lawsuit into claims that co-founder Kevin Plank misled investors about the company’s health. Federal authorities launched a probe in 2017 examining whether the sportswear maker shifted […]

SHANGHAI, June 27 (Reuters) – China’s treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated warnings about risk from the central bank. Assets of […]

OSLO, June 26 (Reuters) – Norway’s largest pension fund KLP said on Wednesday it will no longer invest in Caterpillar Inc (CAT.N), opens new tab because of risk that equipment sold by the U.S. group to Israel is used to demolish Palestinian […]

LONDON, June 26 (Reuters) – British investment trusts Alliance Trust (ATST.L), opens new tab and Witan (WTAN.L), opens new tab have agreed to merge to create a company managing 5 billion pounds ($6.33 billion) of assets, in the latest example of consolidation in the […]