Mois : mai 2020

BEIRUT () – The Lebanese government must turn its reform ideas into reality and take concrete steps to win international support, the U.S. ambassador said in an interview broadcast on Sunday. Dorothy Shea also told OTV it was a mistake to scapegoat any one person or institution for Lebanon’s economic collapse in response to a […]

LONDON/BARCELONA May 31 () – A consortium of three buyout funds including KKR and Cinven is looking to launch a takeover bid for Spanish telecoms company MasMovil , two sources close to the matter told . The consortium, which also includes U.S. buyout fund Providence, is putting the finishing touches to its proposal to take […]

(Adds dropped word in third paragraph) MILAN, May 31 () – Italian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report. Del Vecchio, 85, chairman of eye-wear giant EssilorLuxottica , became Mediobanca’s biggest […]

MILAN, May 31 () – Italian billionaire Leonardo Del Vecchio has asked the European Central Bank for permission to increase his stake in Mediobanca to up to 20%, a source said on Sunday confirming a press report. Del Vecchio, 85, chairman of eye-wear giant EssilorLuxottica , became Mediobanca’s biggest shareholder in November with a holding […]

DUBAI, May 31 () – French investment bank Natixis has opened a corporate and investment banking office in Saudi Arabia’s capital Riyadh and appointed former JPMorgan banker Reema al-Asmari as its chief executive officer, the bank said on Sunday. Western financial institutions have been seeking opportunities in Saudi Arabia since the government unveiled plans to […]

() – An earthquake of magnitude 6.1 struck 28 km (17 miles) west of Lampa in Peru, at a depth of 144 km (89 miles), the European Mediterranean Seismological Centre (EMSC) said. Reporting by Shubham Kalia in Bengaluru; Editing by Clarence Fernandez Our Standards:The Thomson Trust Principles.

BEIJING () – Activity in China’s services sector expanded at a faster clip in May as measures to contain the coronavirus outbreak were lifted, official data showed on Sunday, suggesting business and consumer confidence may slowly be improving. The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 53.6 in May, from 53.2 in April, the […]

ZURICH, May 30 () – Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday. Global oil prices have plunged since March as coronavirus lockdowns have eroded demand and oil producing nations have waged a price war. […]

(Recasts with Citigroup CFO) NEW YORK, May 29 () – Citigroup Inc Chief Financial Officer Mark Mason, one of the few black executives on Wall Street, published a personal essay on Friday expressing his “horror, disgust and anger” over the killing of George Floyd, an unarmed black man who died after a Minneapolis police officer […]

() – The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $1.3 billion of bond funds with debt issued by firms in all walks of the world’s biggest economy, from Apple Inc (AAPL.O) to a clutch of companies in bankruptcy. The details on […]

LONDON, May 30 () – British biggest property website, Rightmove, said it had its busiest day on record this week, suggesting the housing market is picking up after the government eased its coronavirus lockdown for the sector in England. Rightmove said its site had more than 6 million visits for the first time on May […]

(Updates with more details from memo) NEW YORK, May 29 () – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon called events in Minneapolis, where this week a black man died in police custody, “tragic and heartbreaking” in a memo to staff on Friday. Minneapolis has been the site of unrest since the death […]

NEW YORK, May 29 () – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon called the events in the U.S. city of Minneapolis this week “terrible … tragic and heartbreaking” in an internal memo sent to staff on Friday that was seen by . Dimon said the death of an unarmed black man after […]

QUITO () – Ecuador in April repaid $1 billion of loans made two years earlier by Goldman Sachs (GS.N) and Credit Suisse [CSAG.UL], the Andean country’s economy ministry said late on Thursday. The loans at the time allowed Ecuador to advance in a process to renegotiate its foreign debt. Their repayment comes as President Lenin […]

() – The Federal Reserve’s new facility for corporate bond purchases bought about $1.3 billion of shares in 15 exchange-traded funds in its first week of operation through 158 trades, data released Friday showed. The Secondary Market Corporate Credit Facility made the purchases from 10 securities firms between its launch on May 12 and May […]

KIEV () – Ukraine will privatise the thermal power producer Centrenergo in the second quarter of 2021 after finally succeeding in changing the company’s management amid bomb threats and a legal battle, the head of the State Property Fund told on Friday. The State Property Fund, which oversees privatisations in the government, has fought to […]

MILAN, May 29 () – The European Central Bank is expected to clear Italian bank Intesa Sanpaolo’s proposed takeover of smaller rival UBI Banca in the next couple of weeks, two people familiar with the matter said on Friday. Intesa unveiled in February an all-paper exchange offer for UBI to create the euro zone’s seventh-largest […]

* Rolls-Royce bottoms out FTSE 100 after S&P cuts to junk * Investors await Trump news conference on China * Discount retailer B&M rises on upbeat trading update * FTSE 100, FTSE 250 gain for the month (Adds details, updates to close) By Sagarika Jaisinghani and Ambar Warrick May 29 () – UK shares ended […]

SHANGHAI () – China Asset Management Co (ChinaAMC) has become the country’s first mutual fund house to launch an ESG-integrated global fund targeting China stocks, capitalsing on growing foreign interest toward environmental, social and governance (ESG) investing. The Chinese fund giant has launched the fund in partnership with Dutch asset manager NN Investment Partners (NN […]