Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China. Foxconn, formally called Hon Hai Precision Industry Co Ltd (2317.TW), opens new tab, signed a contract with the Henan provincial government for […]
Julius Baer (BAER.S), opens new tab has hired Goldman Sachs (GS.N), opens new tab partner Stefan Bollinger as its new chief executive, it said on Tuesday, as the Swiss private bank seeks to move on from the Signa debacle which cost it millions and dented its reputation. The appointment ends a search for a successor to Philipp Rickenbacher who […]
Spain’s Sabadell (SABE.MC), opens new tab raised its lending income outlook for 2024 and lifted its shareholder distribution target on Tuesday, as it tries to fend off a hostile takeover by BBVA (BBVA.MC), opens new tab. Higher-than-expected interest rates have boosted lending income at Spanish banks, which have benefited from charging customers higher costs for floating rate loans, […]
Regional lender New York Community Bancorp (NYCB.N), opens new tab said on Monday it had closed the sale of about $5.9 billion in mortgage warehouse loans to Wall Street giant JPMorgan Chase (JPM.N), opens new tab. The bank said it expects to close on an additional $200 million of mortgage warehouse loans in the near future, once necessary […]
Barclays (BARC.L), opens new tab on Monday asked London’s High Court to more than halve a shareholders’ lawsuit worth up to 560 million pounds ($720 million) accusing the British bank of misleading the market about its private “dark pool” trading platforms. Hundreds of institutional investors are suing after more than 2 billion pounds was wiped off Barclays’ […]
Brazil’s central bank said on Monday a new feature for its popular Pix instant payment system aimed at automatically paying recurring bills will be launched next June instead of this October, as had been originally scheduled. The delay follows repeated calls from the Brazilian central bank’s governor, Roberto Campos Neto, for the approval of a […]
Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt. The ad hoc group controls 22% of the bonds, and the government said investors holding an additional 3% of bonds, also indicated their support for the deal. Source: REUTER
LONDON, July 22 (Reuters) – Ukraine said on Monday it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds, bringing the war-torn country closer to an unprecedented debt rework. Ukraine’s announcement comes just over a week before a 2-year debt suspension agreement struck in 2022 is due to run out […]
Proprium Capital Partners will invest $100 million in projects in Italy’s fast-growing student accommodation sector, the real estate private equity firm said on Monday. It will acquire and develop two purpose-built student accommodation (PBSA) projects to provide accommodation for more than 1,600 students in total in prime locations in the northern cities of Milan and […]
Brazil’s central bank said on Monday a new feature for its popular Pix instant payment system aimed at automatically paying recurring bills will be launched next June instead of this October, as had been originally scheduled. The delay follows repeated calls from the Brazilian central bank’s governor, Roberto Campos Neto, for the approval of a […]
