Algonquin Power to Sell Renewable Energy Business for $2.5 Billion
Utilities has agreed to sell its renewable energy business for $2.5 billion, a year after putting the segment up for sale. The […]
China’s outbound investing quota crunch spurs foreign asset managers to get creative
Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the […]
Australia’s CBA beats annual profit forecast, extends shares rally
Commonwealth Bank of Australia (CBA.AX), opens new tab, the country’s biggest lender, said on Wednesday full-year profit fell less than analysts feared due […]
Canada’s Scotiabank buys 14.9% stake in US regional lender KeyCorp for $2.8 bln
Scotiabank (BNS.TO), opens new tab is buying a 14.9% stake in American regional lender KeyCorp (KEY.N), opens new tab for $2.8 billion, as the Canadian bank […]
India’s weight on key MSCI equity index rises to record high; $3 bln inflows likely
India’s weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely […]
$2.4 billion wiped off Adani shares after Hindenburg allegations against regulator
Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, faced another heavy share selloff on Monday after the […]
Poland’s BNP Paribas BP Q2 profit jumps 36% on provisions, deferred tax
Poland’s BNP Paribas BP (BNP1.WA), opens new tab posted a bigger than expected 36% jump in second-quarter net profit on Tuesday, supported by a […]
Citigroup’s head of digital assets for markets unit departs, memo says
Citigroup’s (C.N), opens new tab head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, […]
Adani Group shares lose up to $13.4 bln after Hindenburg accusations against regulator
Adani Group companies lost as much as $13.4 billion in market value on Monday but recovered much of the losses after Hindenburg […]
Billions in dollar and euro notes reach Russia despite sanctions
Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the export […]
StanChart folds industries team into M&A, cutting over 20 jobs, source says
Standard Chartered (STAN.L), opens new tab has folded its industries coverage team into its dedicated mergers and acquisitions advisory team, eliminating more than 20 […]
China’s treasury market rattled as central bank squares off with bulls
Chinese government bonds fell sharply on Monday following a turbulent week in which the central bank started intervening heavily to stem a […]