Finance

MILAN, May 7 (Reuters) – UniCredit (CRDI.MI), opens new tab raised its investor reward guidance for the year after posting much higher than expected quarterly net income on Tuesday and further boosting capital levels. Italy’s second biggest bank said net profit for […]

SINGAPORE — Amazon Web Services on Tuesday said it will invest an additional 12 billion Singapore dollars (about $8.87 billion) over the next five years to grow its cloud infrastructure and services in Singapore. “The investment will go into the construction and […]

May 6 (Reuters) – Allete (ALE.N), opens new tab said on Monday U.S. investment management company Global Infrastructure Partners and Canadian pension fund CPP Investments were taking the clean energy company private in a $6.2 billion deal. The cash offer of $67 […]

Abu Dhabi’s Mubadala Capital is gearing up for a substantial investment venture in Brazil, planning to allocate around $13.5B over the next decade. This endeavour forms part of wider initiatives for the South American nation, which include the creation of […]

Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions […]

May 4 (Reuters) – China’s Ping An Insurance Group Co(601318.SS), opens new tab, the biggest Asian investor in HSBC PLC (HSBA.L), opens new tab did not support reappointing chief executive Noel Quinn as a director to the banks board at the its […]

(Reuters) — The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. […]

The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India’s growth and focused on the need for more stimulus from China. The IMF now expects Asia’s economy to grow 4.5% this […]

LONDON, May 1 (Reuters) – Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve […]

UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk Kalyeena Makortoff Banking correspondent Tue 23 Apr 2024 18.47 […]