Analysis: Dealmakers See M&A Rush, Then Chills, in Biden’s Antitrust Crackdown
Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President…
Month: July 2021
Factbox: Richard Branson: Daredevil Billionaire Entrepreneur Set To Fly To Space
Flamboyant British entrepreneur Richard Branson is set to fly to space on a Sunday test flight by his Virgin Galactic…
Billionaire Branson Soars To Space Aboard Virgin Galactic Flight
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic…
ECB To Change Policy Guidance At Next Meeting, Lagarde Says
The European Central Bank will change its guidance on the next policy steps at its next meeting to reflect its…
Credit Suisse’s Swiss Compliance Chief Floriana Scarlato Quits Immediately
Credit Suisse (CSGN.S) said on Monday that Floriana Scarlato is quitting “with immediate effect” as compliance head of the Swiss universal bank…
Analysis: China’s RRReminder That Economies Remain Fragile
China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given…
South Korea’s Container Squeeze Throws Exporters Into Costly Gridlock
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in…
Multinationals Tax Shift Unlikely Until 2022, Says Yellen
U.S. Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to tax large,…
Exclusive White House To Target Bank Mergers, Financial Data With Competition Order
President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve…
Biden’s Executive Order To Promote Competition In The U.S. Economy Includes Over 70 Initiatives
President Joe Biden will sign an executive order on Friday that includes 72 initiatives he wants over a dozen agencies…
Bitcoin, Ether Tumble As Investors Take Off Risk Amid Global Markets Slide
The price of bitcoin dropped Thursday as investors began shedding risk amid an equity markets decline. Fears of a slowing…
Swedish Crypto Scammer Sentenced To 15 Years In Prison
A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15…
Instacart Taps Facebook App Head Simo As CEO
Instacart named Facebook Inc (FB.O) app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of…
French Anti-Trust Decision On Google’s Copyright Talks With Publishers Due In Coming Days
France’s anti-trust watchdog will make a decision in the coming days over the way Google (GOOGL.O) held copyright talks with some French…
Fintech Circle To Merge With Bob Diamond-Backed SPAC In $4.5 Bln Deal
Circle, which provides payments infrastructure for digital currencies, said on Thursday it would go public in a blank-check merger deal…
Facebook ‘Lost’ Important Rule On Dangerous Individuals For Three Years – Oversight Board
Facebook “misplaced” guidance on an important exemption to its rules on dangerous individuals and organizations for three years, the company’s…
Labor Monitor Flags ‘Weaknesses’ In Mexico’s Drive To Boost Worker Rights
Mexico’s effort to stamp out employment contracts signed behind the backs of workers has “significant weaknesses” and should be reformed,…
ECB Failed To Agree On New Guidance, To Revisit July 22 – Sources
European Central Bank policymakers failed to agree on a new policy guidance when they finalised the conclusion of a broad…
Banks Tighten Grip On FX Market As Algo Trading Rises – Survey
Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market last year, with new…
Analysis: A Fine Mess: Weak Inflation Prompts A Global Central Bank Reset
It is an article of faith among central bankers that the decisions they make about how much money to create…
Virus Woes And Tech Crackdown Hammer Stocks; Bonds Rally
Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and…
EU Fines Volkswagen, BMW $1 Bln For Emissions Cartel
The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for…
Post-Fed Taper Tantrum? Not This Time, Market Strategists Say
Global markets won’t have a violent “taper-tantrum” like they did in 2013 even as though U.S. Federal Reserve is expected…
Exclusive Frustrated By Delays, Tokyo 2020 Sponsors Cancel Booths, Parties
Japanese Olympics sponsors are cancelling or scaling back booths and promotional events tied to the Tokyo 2020 Games, frustrated by…
Dollar Firm Near 3-Month High After Fed Minutes Affirm Taper Timeline
The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve’s June policy…
FTSE Russell To Remove More China Stocks From Indexes Over U.S.Ban
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback…
Europe’s SoftBank Prosus Plays Long Game To Shrink Value Gap
Prosus, Europe’s answer to SoftBank and its Vision Fund, is betting that its long-term investments can fill a yawning valuation…
Teamviewer Sees Weaker Q2 Billings Growth, Retains Guidance
Remote connectivity software specialist Teamviewer (TMV.DE) on Thursday reported weaker-than-expected billings growth in the second quarter but stood by its full-year outlook…
S.Korea’s Samsung SDI Considers Building Battery Cell Plant In U.S.
South Korea’s Samsung SDI Co (006400.KS) may build a battery cell plant in the United States to support the auto industry’s shift…
Robinhood IPO Faces Threat Of Retail Snub On Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for…