By Sohini Podder (Reuters) – Nasdaq Inc is geared to eclipse rival New York Stock Exchange (NYSE) in initial public offerings (IPO) this year, which has seen companies raise record levels of capital through fresh stock flotations in the United States. Nasdaq raised a total of $191.38 billion through IPOs in 2021, compared with $109.25 …
(Reuters) – U.S. prosecutors are looking for instances in which Apple Inc is unevenly enforcing rules for app developers such as gaming firm Roblox and some others, the Information reported on Monday, citing people familiar with the matter. The Department of Justice (DOJ) is probing key revelations from the antitrust trial between Apple and Epic …
By Saeed Azhar DUBAI (Reuters) -Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co. Gulf oil producers are looking at sales of stakes in energy assets and raising cash through long-term leases, capitalising …
BlackRock, Saudi asset manager Hassana sign deal for Aramco’s gas pipelines Read More »
By Jan Schwartz HAMBURG (Reuters) -Volkswagen CEO Herbert Diess will likely stay on to lead Europe’s largest carmaker as part of a solution that will see him cede some responsibilities following a clash with labour leaders, two people familiar with the matter said. The solution would potentially end the carmaker’s latest leadership tussle, which has …
Volkswagen’s Diess to remain CEO, but with fewer powers – sources Read More »
(Reuters) -Shares of BuzzFeed Inc plunged as much as 17% in their Nasdaq debut on Monday, after its merger with a blank-check company was hit by a flurry of investor withdrawals last week. New York-based BuzzFeed’s stock opened up 14% at $10.95 but reversed course to trade as low as $8. At 1:10 p.m. ET, …
BuzzFeed shares fall in debut after investor withdrawals rock SPAC merger Read More »
LONDON (Reuters) -Market volatility and uncertainty over China’s indebted property sector is making bank investment chiefs cautious about its assets, amid more general nervousness about broader emerging markets. “I would take a wait-and-see approach on emerging markets,” Credit Suisse global chief investment officer Michael Strobaek told the Reuters annual Investment Outlook Summit. “I would take …
Bank investment chiefs signal China and emerging market caution Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – As details of a new COVID-19 variant emerge, investors are bracing for a potential hit to U.S. corporate earnings, particularly among retailers, restaurants and travel companies. News of the Omicron variant comes in the middle of the holiday shopping period, and many businesses are already struggling with higher …
Investors brace for potential hit to earnings because of Omicron Read More »
DUESSELDORF (Reuters) – Deutsche Post Chief Executive Frank Appel is likely to have his contract extended, two people close to the matter told Reuters, adding that the group’s supervisory board would discuss the matter on Wednesday. Deutsche Post declined to comment. Sources told Reuters on Sunday that Appel, whose contract expires in 2022, is also …
Deutsche Post CEO to be given contract extension, sources say Read More »
By Ben Klayman and David Shepardson (Reuters) -Ford Motor Co said on Monday it would push its return-to-work hybrid plan to March as the state of the COVID-19 pandemic remained uncertain. The No. 2 U.S. automaker said it will begin a pilot phase for select employees in February and March. The company had previously said …
Ford delays return-to-work hybrid plan to March amid COVID uncertainty Read More »
By Sheila Dang (Reuters) -The global advertising industry will notch higher growth this year than previously expected and is likely to continue its streak in 2022 as brands are relying more heavily on search engine and social-media companies such as Alphabet Inc’s Google and Meta Platforms Inc to reach customers during the pandemic, according to …
Google, Meta dominate as digital propels global advertising growth -forecasts Read More »
