U.S. oil and gas producer Occidental Petroleum (OXY.N), opens new tab said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources (PR.N), opens new tab for about $818 million, as it plans to cut down debt. […]
U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets. Citigroup (C.N), opens new tab led big bank losses with a near 5% […]
De-dollarization is probably a fad — and countries trying to stage a global shift away from the dollar may soon find that the movement will backfire. That’s according to Jeffrey Christian, a longtime commodities analyst and the founder of CPM Group, who […]
The Hong Kong government has become the largest source of climate-aligned government bonds in Asia and the fifth largest cumulative issuer of government green bonds in the world, according to a new report from the Climate Bonds Initiative. The city’s […]
Capital One (COF.N), opens new tab CEO Richard Fairbank and other executives went head-to-head with critics of its Discover Financial Services (DFS.N), opens new tab deal at a public meeting Friday, in what some analysts said was a strong showing by the credit card […]
JPMorgan Chase (JPM.N), opens new tab said it is working to restore service to automated teller machines (ATMs) affected by a global digital outage while a majority of its ATMs are operating normally, according to an emailed statement on Friday. The largest […]
The International Monetary Fund (IMF) is projecting steady growth for the global economy over the next two years, with growth projections unchanged in the latest update to its World Economic Outlook. The forecast for this year stays at 3.2%, while it’s slightly higher […]
Former PIMCO CEO Mohamed A. El-Erian will step down from the board of Barclays (BARC.L), opens new tab, the British bank said on Friday, following his appointment as chair of sportswear brand Under Armour Inc (UAA.N), opens new tab . A frequent media […]
KBR agreed to buy engineering, data-analytics and digital-integration company LinQuest from private-equity firm Madison Dearborn Partners in a $737 million cash deal. KBR on Tuesday said the acquisition, which it will fund with cash on hand and its existing debt capacity, […]
Standard Chartered (STAN.L), opens new tab has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement said on Thursday. […]
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