Azimut posts drop in adjusted net profit, selects spin off staff
May 9 (Reuters) – Italian asset manager Azimut Holding (AZMT.MI), opens new tab said on Thursday it was confident of exceeding its profit target […]
Porch sues China Construction Bank in US over reinsurance fraud losses
May 10 (Reuters) – U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) (601939.SS), opens new […]
Egypt’s foreign debt rises $3.5 billion in last quarter of 2023
CAIRO, May 9 (Reuters) – Egypt’s foreign debt climbed by $3.5 billion in the three months to the end of December, according […]
Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more
Airbnb — The hoteling company issued disappointing forward guidance, dragging shares down 8%. Airbnb said second-quarter revenue would range between $2.68 billion and […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]
Spain’s BBVA announces $13 billion hostile takeover bid for Sabadell
Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though […]
Global family offices flock to Hong Kong as property, stock market and Greater Bay Area opportunities act as magnet
The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number […]
Wells Fargo names former JPMorgan executive as co-head of investment bank
May 8 (Reuters) – Wells Fargo (WFC.N), opens new tab named former JPMorgan Chase (JPM.N), opens new tab executive Fernando Rivas as co-CEO of its corporate […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]
Saudi Arabia Invests $2.5 Billion in Middle East Green Initiative
In a significant move towards environmental sustainability, Saudi Arabia has pledged $2.5 billion to the Middle East Green Initiative. This ambitious regional […]
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s limping initial public offerings (IPO) market, dealt a crippling blow by rising interest rates and an aversion to Chinese assets, appears to […]
Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled […]