Finance

General Motors’ GM -0.10%decrease; red down pointing triangle lending arm has pulled an application for deposit insurance, a pillar in its efforts to move back into banking and expand its auto-finance business. General Motors Financial, the automaker’s financing subsidiary, said Monday it has […]

BRUSSELS, June 21 (Reuters) – European Union leaders will seek “swift and decisive” progress by the end of the year on a U.S.-style capital market to steer private investment into the bloc’s green and digital economy, according to draft conclusions […]

WASHINGTON, June 24 (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. […]

June 20 (Reuters) – Honeywell (HON.O), opens new tab will buy aerospace and defense technology provider CAES Systems for $1.9 billion, the U.S. manufacturing giant said on Thursday, part of its focus on three broader business trends to drive growth. Since taking […]

BEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. The scale of government support represents 18.8% of total electric car […]

HONG KONG, June 21 (Reuters) – Asian hedge funds led global gains in May and the first five months, as bullish sentiment towards regional equities and winning positions in China boosted performance. Asia-focused long/short funds across all strategies rose 2.8% […]

BEIJING, June 20 (Reuters) – Long-touted changes to China’s tax system will focus on allowing local governments to retain more fiscal revenues, say policy advisers, widely seen by markets as an important step towards removing an immediate threat to financial […]

June 19 (Reuters) – Hamilton Lane (HLNE.O), opens new tab raised $5.6 billion as part of its Hamilton Lane Secondary Fund VI, exceeding its initial target, the investment management company said late on Tuesday. The fundraising, the biggest in the firm’s history, […]

June 20 (Reuters) – HSBC (HSBA.L), opens new tab said on Thursday it had appointed Goldman Sachs veteran Danielle Johnson as the global head of its institutional client group within the global banking and markets business, effective June 3. Johnson spent over […]