By Stefano Bernabei, Gianluca Semeraro and Claudia Cristoferi MILAN (Reuters) -A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet. Donnet’s bid for a new term as chief executive is at the centre of a struggle …
Generali battle heats up as No.2 investor quits board Read More »
SHANGHAI (Reuters) – China’s securities regulator said on Friday it will reform the country’s securities settlement system, to bring it into closer alignment with global practices and to attract foreign capital. The China Securities Regulatory Commission (CSRC) published draft rules that will bring institutional trading in line with Delivery Versus Payment (DVP), a global practice …
China reforms securities settlement system to attract foreign capital Read More »
(Reuters) -Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin. The Silver Spring, Maryland-based company has seen its stock value more than double since Jan. 5, when it proposed to …
Blockchain firm BTCS soars on retail rush for bitcoin dividends Read More »
By Hyonhee Shin SEOUL (Reuters) – South Korea is set to pay compensation to Iran’s Dayyani Group over a 2015 dispute after the United States cleared the path towards the payment without violating its sanctions against Tehran, the Asian nation’s foreign ministry said. Dayyani, the family behind Entekhab, an Iranian consumer electronics group, filed an …
U.S. assent paves way for S. Korea to compensate Iranian investor over dispute Read More »
By Svea Herbst-Bayliss (Reuters) – Activist hedge fund Starboard Value LP has nominated four directors, including its own chief executive, to Huntsman Corp’s board, arguing that new members would help maximize the chemical maker’s potential. According to a letter sent by Starboard CEO Jeffrey Smith on Wednesday, the fund, one of Huntsman’s largest investors with …
Activist fund Starboard nominates four directors to Huntsman board Read More »
By Chris Taylor NEW YORK (Reuters) – The sexy sheets copywriter Jess Morgan enjoys with her husband Grant are not just in their bedroom. His financial spreadsheets turn her on to his seriousness about building a life together. Meticulous columns record the Bainbridge Island, Washington-based couple’s search for their first car, breaking down gas mileage, …
(Reuters) – Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15 billion minority investment in it, giving the market maker founded by billionaire Ken Griffin a valuation of nearly $22 billion. The funding round was led by Sequoia. Alfred Lin, a partner at Sequoia, will …
Citadel Securities valued at $22 billion after Sequoia, Paradigm take stake Read More »
By Hannah Lang (Reuters) – U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs Inc. into its underwriting program to make it easier for lenders to evaluate a borrower’s rental payment history when approving a home loan. Fannie’s effort to include rental payment history in the loan approval …
Fannie Mae uses Blend rent payment data in credit access expansion push Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Jana Partners LLC, the activist investor that successfully pushed for big changes including sales at portfolio companies, told investors that its JSI Benchmark A portfolio returned 30% after fees last year, two sources said on Monday. The gains were fueled by campaigns at Vonage Holdings Corp, which sold itself, …
Jana Partners’ fund gains 30% as bets such as Vonage, LabCorp pay off Read More »
By Yousef Saba DUBAI (Reuters) -A group of institutional investors that last year took a stake in Saudi Aramco’s oil pipelines network has hired Citi and JPMorgan to help refinance a loan that backed the deal, bank documents and an investor presentation showed on Monday. A consortium led by U.S.-based EIG Global Energy Partners in …
EIG-led investors in Aramco oil pipelines hire banks for dual-tranche bonds Read More »
