Cognizant boosts share buyback plan by $2 billion.
Cognizant Technology said on Tuesday its board has approved a $2 billion increase to the IT consulting company’s current share repurchase plan, […]
Elon Musk’s X raises almost $1 billion in new equity funding
Elon Musk’s social network X has raised close to $1 billion in new equity from investors, according to people with knowledge of […]
Central banks turn more cautious on rate cuts
Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and […]
Citigroup reduces bonuses paid in 2024 for regulatory fixes.
Citigroup paid top executives smaller bonuses last year tied to results of the bank’s turnaround and risk management fixes required by regulators, […]
Canada’s inflation shoots up to 2.6% as sales tax break ends.
Canada’s annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in […]
JPMorgan Stock Traders Reel In Windfall as Trump Whipsaws Market.
A chaotic run in stock markets is unleashing a windfall for banks’ equities traders. JPMorgan Chase & Co. (JPM) is on track […]
BofA Survey Shows Biggest-Ever Drop in US Stock Allocations.
Investors have slashed holdings of US equities by the most on record, according to Bank of America Corp.’s latest survey, underscoring the […]
G7 finance ministers discussed global trade, economic growth in virtual meeting.
The finance ministers from the Group of Seven economic powers discussed issues including global trade, competitiveness, and economic growth in a virtual […]
Beijing calls Li Ka-shing a ‘traitor’ in Panama ports deal.
Beijing criticized Hong Kong tycoon Li Ka-shing for “betraying all Chinese people” after his flagship company announced its plan to sell most […]
Italy’s Grid Operator to Invest $25 Billion to Back Renewables Rise.
Italy’s power grid operator Terna SpA plans to invest more than $25 billion (23 billion euros) over the next ten years to […]
Ardian Is Said to Near €1 Billion Deal for Renewable Firm Akuo.
Buyout firm Ardian SAS is nearing a deal to acquire French renewable firm Akuo Energy SAS for about €1 billion ($1.1 billion), […]