Category Archives:
Choice Hotels offers to buy Wyndham for $7.8 billion
(Reuters) -Choice Hotels on Tuesday proposed to acquire Wyndham Hotels and Resorts for about $7.8 billion in a cash and stock deal that would create a U.S. budget hotel giant. Shares of Wyndham rose a...
Oct 17, 2023
BofA profit rises on higher interest income, surprise investment banking gain
(Reuters) -Bank of America's profit rose in the third quarter as it joined rivals in earning more from interest payments by its customers, while investment banking and trading fared better than expect...
Oct 17, 2023
What risk? China investors snap up local government bonds as Beijing tackles big debts
By Li Gu and Tom Westbrook (Reuters) - Chinese investors are rushing to buy bonds of local government financing vehicles (LGFVs), including from the riskiest issuers, as Beijing's fresh attempts to re...
Oct 17, 2023
BNY Mellon beats profit estimates on boost from higher interest rates
(Reuters) - Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender's income from loans. Banks have ...
Oct 17, 2023
Executives leave BlackRock, ISS to lead governance at Longacre Square
By Svea Herbst-Bayliss NEW YORK (Reuters) - Two executives who helped make recommendations in some of America's biggest proxy contests and contested mergers left BlackRock and Institutional Shareholde...
Oct 17, 2023
Basel proposes crypto disclosures by banks from January 2025
LONDON (Reuters) - Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support "market discipline" by gi...
Oct 17, 2023
J&J raises annual profit forecast on strong demand for top-selling anti-inflammatory drug
(Reuters) -Johnson & Johnson on Tuesday raised its 2023 profit forecast, helped by resilient demand for its top-selling drug Stelara and recorded a $21 billion gain from the spin off of its consumer h...
Oct 17, 2023
KKR-backed Avendus to tap tech investment banking deals in Southeast Asia
By M. Sriram MUMBAI (Reuters) - Indian financial services firm Avendus will start offering investment banking services from Singapore to cash in on an expected technology sector dealmaking boom in the...
Oct 17, 2023
KKR offered to take on extra costs, staff to sweeten TIM bid-sources
By Elvira Pollina MILAN (Reuters) - U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a way that would help the phone group more easily sustain its busines...
Oct 17, 2023
EU securities watchdog warns investors over crypto market protections
By Huw Jones LONDON (Reuters) - Investors will not be protected under European Union cryptoasset market rules until at least the end of 2024, and even then they should still be ready to lose all their...
Oct 17, 2023
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