(Reuters) -Commercial Bancgroup said on Monday it plans to raise up to $104 million through an initial public offering, in what would be a rare listing by a U.S. bank. WHY IT MATTERS U.S. bank IPOs have become sparse since the 2008 financial crisis, as stricter regulations, higher compliance costs and volatile market conditions have …
Commercial Bancgroup seeks to raise up to $104 million in rare US bank IPO Read More »
(Reuters) -Citigroup’s wealth management arm has hired two senior executives to bolster its investment solutions business, according to a memo seen by Reuters on Monday. Christine Curtiss will join in October as head of asset manager relationships, a role in which she will lead the bank’s partners and work with third-party asset managers. She previously …
Citigroup taps Goldman, BNY veterans for senior wealth leadership roles, memo says Read More »
By Dan Burns (Reuters) -The Federal Reserve needs to be “very cautious” in removing restrictive monetary policy with inflation still above the central bank’s 2% target and remaining persistent, Cleveland Fed President Beth Hammack said on Monday. “I think we are only a short distance to neutral, and it worries me that if we remove …
Fed’s Hammack still focused on inflation, calls for caution in easing policy Read More »
By Zaheer Kachwala (Reuters) -T-Mobile said on Monday insider Srinivasan Gopalan would take over as CEO from Mike Sievert on November 1, marking a leadership transition as the telecom company works to defend its 5G lead in a saturated U.S. wireless market. Wireless carriers have been grappling with slowing subscriber growth, rising competition and increasingly …
T-Mobile names veteran Srini Gopalan as CEO to steer strategy amid fierce competition Read More »
By Howard Schneider (Reuters) -Changes in immigration, tax and regulatory policies are set to drive down underlying interest rates in the U.S., and make current monetary policy far too restrictive for what the economy needs to keep inflation at the Fed’s 2% target, Federal Reserve Governor Stephen Miran said on Monday. “The upshot is that …
Miran: Neutral rate is falling, and Fed needs to accommodate it Read More »
By Allison Lampert and Gabriel Araujo MONTREAL, SAO PAULO (Reuters) -Brazil’s Embraer could get certification of its electric aircraft in 2027, but the new president of the country’s aviation regulator told Reuters he would like to hit that milestone a year earlier. Embraer’s subsidiary Eve is among several firms developing battery-powered aircraft that can take …
Brazil regulator sees realistic Embraer flying taxi certification in 2027 Read More »
SAO PAULO (Reuters) -Latin America’s largest e-commerce platform MercadoLibre announced on Monday the launch of a new business-to-business (B2B) unit, targeting corporate clients as it seeks to expand beyond its traditional consumer market. WHY IT’S IMPORTANT The move positions MercadoLibre to capture a share of the B2B e-commerce market, which is estimated to be four …
MercadoLibre launches new B2B unit to tap corporate market Read More »
By Davide Barbuscia NEW YORK (Reuters) -Top U.S. asset manager Vanguard is bullish on corporate bonds despite high valuations, and while it expects tariffs will continue to be a risk for the U.S. economic and inflation outlook, those headwinds could be offset by further Federal Reserve interest rate cuts. Investment-grade credit spreads – or the premium …
Vanguard bullish on US credit despite tariff risks still on the horizon Read More »
By Jessica DiNapoli NEW YORK (Reuters) -Unilever’s Magnum ice cream business, set to publicly list in November, plans to use Chilean start-up NotCo’s artificial intelligence to reformulate products and create new ones. Magnum plans to use NotCo’s AI to look at the calories in ice cream, make new plant-based products and help manage rising commodity …
Magnum ice cream company to use NotCo AI for new products Read More »
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil said on Monday it greenlit funding its seventh development project in Guyana called Hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million barrels of oil equivalent per day by 2030 from the country. The prolific Stabroek Block off the coast of …
Exxon greenlights $6.8 billion investment for Hammerhead project in Guyana Read More »
