By David Randall NEW YORK (Reuters) – One year after her Ark Innovation ETF than doubled and made her a household name, star stock picker Cathie Wood is poised to join a small club that no one aspires to be a part of: portfolio managers who have seen their funds go from first to worst …
Wood’s flagship ARK fund deep in the red, yet investors stay loyal Read More »
PARIS (Reuters) -Dutch financial services company ING will quit the French retail banking business, it said on Tuesday, in a move that could affect 460 employees. ING added talks were continuing with other companies regarding its French retail banking client portfolio. French newspaper Les Echos had earlier reported that SocGen, Credit Agricole and Credit Mutuel …
ING to quit French retail banking market, jobs at risk Read More »
By Gram Slattery, Marta Nogueira and Sabrina Valle RIO DE JANEIRO (Reuters) – France’s TotalEnergies, Royal Dutch Shell, Malaysia’s Petronas and Qatar Energy on Friday scooped up big offshore fields in Brazil together with state-owned Petrobras, paying nearly $2 billion to its cash-strapped government. While TotalEnergies (28%), Qatar Energy (21%) and Petronas (21%) made the …
Brazil’s oil auction raises $2 billion as Total, Shell pile in Read More »
(Reuters) – Morgan Stanley has increased parental leave in a major overhaul of employee benefits aimed at easing the strain on its workers, according to an internal memo seen by Reuters on Thursday, as major Wall Street banks battle for talent. The investment bank said parents – whether through new birth, adoption, foster care or …
Morgan Stanley increases parental leave in employee benefits overhaul – memo Read More »
(Reuters) – E-commerce technology startup Rokt said on Thursday it has raised $325 million in fresh capital in a late stage funding round led by Tiger Global that more than doubled the company’s valuation to $1.95 billion. The New York-based company’s series E funding round also saw participation from Wellington Management, Whale Rock Capital Management, …
E-commerce tech startup Rokt valued at $1.95 billion in latest funding Read More »
By Fernando Kallas MADRID (Reuters) – Real Madrid, Barcelona and Athletic Bilbao are taking legal action against LaLiga over a 1.994 billion euro private equity deal that the administrators of elite Spanish soccer agreed last week, the clubs said on Wednesday. All but five of the 42 clubs in the top two divisions signed up …
Soccer-Real, Barca and Bilbao sue LaLiga over CVC deal Read More »
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s ARK Innovation ETF tumbled near a 15-month low Wednesday, leaving the best-performing U.S. equity fund of 2020 down nearly 30% for the year to date. Nine of the 10 largest positions in the $16 billion fund fell Wednesday, with the largest declines coming …
Cathie Wood’s ARK Innovation fund falls near 15-month low ahead of Fed Read More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose a plan that would restrict how corporate executives trade their companies’ own stock and boost transparency. The market regulator’s trading plan rule changes would mandate that company executives disclose the existence and modifications of such agreements. The changes would also limit …
ZURICH (Reuters) – UBS will retain a significant onshore presence in India, the Swiss bank said on Wednesday after Bloomberg reported that it planned to move investment banking advisory services out of the country. “We remain committed to our business in India and retain a significant presence onshore and in the region,” UBS said in …
UBS says it remains committed to India as advisory services move Read More »
(Reuters) – Insured losses from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month could amount up to $5 billion, industry experts said on Tuesday. Catastrophe modeling firm Karen Clark & Company said it expects insured losses of about $3 billion from tornadoes that tore …
Deadly U.S. tornadoes to cost insurers up to $5 billion Read More »
