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Goldman Sachs (GS.N), opens new tab, German industrial company BASF (BASFn.DE), opens new tab and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and palladium prices. A preliminary settlement […]

Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF, which offers exposure to inflation-protected Treasury securities, to just three basis points, or 0.03%, to attract investors. That […]

Swiss private banking group Union Bancaire Privée (UBP) has entered into two exclusive agreements to acquire Societe Generale’s Swiss private banking activities (Societe Generale Private Banking Suisse) as well as their UK and Channel Islands wealth management arm (SG Kleinwort […]

Bangladesh’s central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank’s governor told the BBC in an interview published early on Thursday. The move comes after weeks […]

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley (RILY.O), opens new tab, Bloomberg News reported, opens new tab on Wednesday. Oaktree is discussing buying a stake of 51% to […]

 ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing. The filing gave no reason for the drop but a source familiar with the matter said it […]

Carrier Global Corp (CARR.N), opens new tab said on Thursday it would sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds in a deal valued at $3 billion, pressing ahead with the divestment of […]

 Nelson Peltz’s Trian Fund Management has sold about 3.8 million shares in British consumer goods giant Unilever (ULVR.L), opens new tab for nearly 181 million pounds ($232 million), a filing showed on Wednesday. The fund, the No. 5 shareholder, had previously held […]

Family-owned candy giant Mars, whose brands include M&M’s and Snickers, said on Wednesday it would buy Cheez-It and Pringles maker Kellanova (K.N), opens new tab in a nearly $36 billion deal, making it the biggest buyout in the packaged food industry. Mars […]

The Russian rouble weakened to a 10-month low against the dollar during the trading session on Tuesday following Ukraine’s unexpected attack a week ago on Russia’s Kursk region but then rebounded to the day’s opening level. By 1500 GMT, the rouble was […]