() – Shares of household goods maker Reynolds Consumer Products Inc (REYN.O) weathered market jitters fueled by the spread of the coronavirus to close up almost 10% in their Nasdaq debut on Friday, a bullish start to the 2020 IPO season. The shares closed at $28.55, up from the $26 at which the IPO was
FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party on Friday announced new rules around how presidential hopefuls can qualify to
() – Private equity firm KKR & Co Inc (KKR.N) said on Friday it will seek to be included in the Russell U.S. indexes, a move targeted at increasing its shareholder base, sending its shares sharply higher. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the
FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party announced on Friday a new set of rules governing which presidential hopefuls
PARIS/LONDON/WASHINGTON () – Airbus (AIR.PA) bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States. The disclosures, made public after a nearly four-year investigation spanning sales to more than
() – Burger King, saying it never billed its “Impossible Whoppers” as vegan or promised to cook them a particular way, said a proposed class action by a vegan customer over the plant-based patties being cooked on the same grills as meat burgers should be thrown out. FILE PHOTO: A sign advertising the soy based
LONDON () – Britain’s financial watchdog will likely zero in on a chunky pound futures deal, which many reckon drove sterling’s mystery spike just seconds before the Bank of England’s interest rate announcement this week FILE PHOTO: A man walks past a board displaying buying and selling rates outside of a currency exchange outlet in
WARSAW () – Poland deserves higher credit ratings from leading agencies such as Moody’s, Fitch and S&P, because its finances and economic growth are solid, Finance Minister Tadeusz Koscinski said on Friday. In an interview with , Koscinski also dismissed criticism that investors might be discouraged by lower-than-expected economic growth in 2019 or by Warsaw’s
FILE PHOTO: A passenger walks past a Travelex currency exchange at Manchester Airport in Manchester, Britain January 8, 2020. /Phil Noble/File Photo() – Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year
LONDON () – The European Union’s banking watchdog has launched its toughest stress test of lenders to check on their resilience to very low interest rates, trade tensions and Britain failing to get an EU trade deal after Brexit. FILE PHOTO: A small toy figure is seen in front of a Brexit logo in this
FILE PHOTO: UK pound coins plunge into water in this illustration picture, October 26, 2017. /Dado Ruvic/IllustrationLONDON () – The British pound extended its rally on Friday and was on track for its biggest weekly gain in a month after the Bank of England’s decision to keep interest rates steady on signs of a post-election
Aston Martin Lagonda has agreed to sell a £182m stake to a consortium led by a Formula One billionaire as part of a deal to secure its future.The Gaydon-based company said it will raise a total of £500m through the consortium’s investment – combined with a £318m rights issue supported by major shareholders. Aston Martin
FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s finance minister urged the banks on Friday to cut interest rates and also tried to reassure savers that their deposits would not be touched as the country wrestles with a
* Former Intesa Sanpaolo executive will be e new CEO * Bank aims to swing to profit in 2011 * Board will start process to readmit Carige to stock market (Adds details) By Andrea Mandala GENOA, Jan 31 () – Italy’s Banca Carige appointed a new board on Friday to take the reins of the
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. /David Gray/File Photo() – Australia’s No. 2 lender Westpac Banking Corp (WBC.AX) said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and
NEW YORK () – Tech and internet titans were the first to reach $1 trillion in stock market value, but the next U.S. companies that could do so are better known for their plastic. Soaring stock prices are propelling credit and debit card companies Visa Inc and Mastercard Inc up the market value charts, where
FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. /Lucas Jackson/File Photo() – Morgan Stanley (MS.N) has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the
() – 1/SCHLOCK AND AWE IN CHINA FILE PHOTO: People walk past an electronic display showing world markets indices outside a brokerage in Tokyo, Japan, January 8, 2020. /Issei KatoFinancial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus here Global stocks have been shaken in the
BEIJING, Jan 31 () – Fiancial regulators in Guangdong province in southern China and in Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown. The banking and insurance regulator in Guangdong, China’s export hub, has pledged to provide support for firms in retail, wholesale,
LONDON () – North Sea private equity-backed Chrysaor’s talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties oil and gas producers are facing with the long-term outlook for prices uncertain as economies shift
FILE PHOTO: A woman walks past a Carige bank in Rome, Italy, Sept. 20, 2018. /Max Rossi/File PhotoGENOA () – Italy’s Banca Carige (CRGI.MI) appointed a new board on Friday to take the reins of the troubled regional lender, ending more than 12 months under a temporary special administration appointed last year to stem years
FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s fiance minister urged the country’s banks on Friday to reduce interests rates to help the economy and offered reassurances that bank deposits would not be touched as the country wrestles
(Adds details) ATHENS, Jan 31 () – Greece has shortlisted nine investors in a tender for a minority stake in Athens International Airport (AIA), the country’s biggest, its privatisation agency said on Friday. The sale is crucial for Greece which emerged from international bailouts in 2018 and is aiming for privatisation receipts of 2.4 billion
Jan 31 () – Sri Lankan shares ended largely unchanged on Friday, with gains in financial and consumer stocks keeping the benchmark index in the positive territory. ** The benchmark Sri Lankan stock index closed up 0.03% at 5,929.76 points. ** The index lost 1.03% for the week ** Shares of Union Assurance rose 8.8%
MILAN, Jan 31 () – Police in the southern Italian town of Bari have put three former top managers of regional lender Popolare di Bari under house arrest as part of an ongoing probe into alleged false accounting, according to a police statement and a judicial document seen by . Popolare di Bari, the biggest
BOCHUM, Germany () – Thyssenkrupp (TKAG.DE) boss Martina Merz on Friday mapped out in more detail the restructuring of the ailing conglomerate, saying a deal to sell its elevator unit was near and inviting suitors to look at its steel and plant building units. Martina Merz, CEO of German steelmaker Thyssenkrupp AG, gestures during the
* Q3 profit climbs 41% to 55.83 bln rupees * Slippages to not exceed 60 bln rupees in Q4 – chairman (Recasts throughout, adds chairman comments) By Nupur Anand and Chris Thomas MUMBAI/BENGALURU, Jan 31 () – State Bank of India (SBI), the country’s largest lender, expects to curb growth in bad loans in the
TOKYO () – Japan Display Inc (6740.T) said on Friday it had sealed a deal to receive up to 100.8 billion yen ($918.87 million) from Ichigo Asset Management, a critical bailout for the Apple supplier that has been dependant on publicly funded rescues. FILE PHOTO: Japan Display’s logo is seen at a display of its
TOKYO, Jan 31 () – The chief executive of Japan Post Holdings Co Ltd, Hiroya Masuda, said on Friday that the conglomerate could not say when it would resume selling insurance products, after being banned from doing so by the government. Japan Post Insurance, 64% owned by Japan Post Holdings, first revealed it had mismanaged
LONDON, Jan 31 () – British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election. FILE PHOTO: Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange
