Swedish c.bank seen cutting rates this week, more to come by year end:
Sweden’s central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then […]
Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs
Deutsche Bank (DBKGn.DE), opens new tab has proposed a settlement to shareholders who sued Germany’s largest bank for underpaying them for the acquisition of […]
Revolut joins Europe’s biggest banks with $45 billion valuation after share sale
Britain’s Revolut has been valued at $45 billion through a secondary share sale to new and existing investors, the financial technology firm […]
Lenovo’s net income up 65% in June quarter as ‘intelligent devices’ see strong growth
Lenovo Group, the world’s largest personal computer (PC) maker, reported a 20 per cent year-on-year increase in revenue for the June quarter, […]
Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions
Texas has added Britain’s NatWest (NWG.L), opens new tab to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with public […]
World Rally Championship promoter explores $550 million sale, sources say
The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring […]
Israel’s Bank Leumi Q2 profit slips, to pay investors 40% of net income
Leumi (LUMI.TA), opens new tab, one of Israel’s two largest banks, reported on Wednesday a 7.5% drop in second-quarter net profit, but will […]
Sweden’s EQT seeks $12.5 billion for new Asia fund
EQT (EQTAB.ST), opens new tab would raise $12.5 billion for its new Asia-focused fund, the Swedish investment firm said on Wednesday. The fund will […]
World rally championship promoter explores $550 mln sale, sources say
The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring […]
Barclays planned to pull out of Israel’s bond auctions under activist pressure, FT reports
Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under […]
Berkshire invests in Ulta Beauty, Heico as it retreats from Apple
Warren Buffett’s Berkshire Hathaway (BRKa.N), opens new tab acquired stakes in cosmetics store chain Ulta Beauty (ULTA.O), opens new tab and aircraft parts maker Heico (HEI.N), opens […]
Israel’s Bank Leumi Q2 profit slips, to pay investors 40% of net income
Leumi (LUMI.TA), opens new tab, one of Israel’s two largest banks, reported on Wednesday a 7.5% drop in second-quarter net profit, but will […]