(Corrects country in headline, paragraph 2) By Simon Jessop and Brenna Hughes Neghaiwi LONDON (Reuters) -Summa Equity said it has raised 2.3 billion euros ($2.6 billion) for Europe’s biggest-ever ‘impact’ fund, which is focused on helping meet the U.N.’s 17 Sustainable Development Goals. The Swedish private equity firm said the fund aims to improve health …
Sweden’s Summa raises $2.6 billion in latest ‘impact’ fund Read More »
By Chris Taylor NEW YORK (Reuters) – When Maryam Sabbagh was negotiating to join a new PR agency last fall, she was not just thinking about the money. She considered something even more important: Time. If the COVID era has taught us anything, it is the precious value of downtime. So Sabbagh negotiated another week …
Your time is valuable: Here is how to negotiate for more at work Read More »
By Ross Kerber BOSTON (Reuters) – Citigroup Inc on Wednesday laid out goals for corporate borrowers to cut emissions that included a rare “absolute reduction” target for companies in the energy sector by the end of the decade. Citi said in a report that it aims for emissions from companies across its energy loan portfolio …
Citigroup sets rare hard target to reduce energy-sector emissions Read More »
By Akriti Sharma, Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides. Asset managers increasingly analyse corporate performance on environmental, social and governance-related …
BlackRock’s Fink defends as ‘not woke’ push for values as well as profits Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial disclosure, according to a letter seen by Reuters. New York-based Ides wrote to the Boston-based company’s board on Tuesday …
Ides Capital nominates directors at Safety Insurance, wants share buyback Read More »
By Chibuike Oguh (Reuters) – Jefferies Financial Group Inc is abandoning an effort to raise a $1 billion fund to buy stakes in private equity fund managers, giving up on a niche and lucrative corner of asset management, people familiar with the matter said. It is a blow to Jefferies’ Leucadia Asset Management division, which …
Exclusive: Jefferies gives up on buyout fund manager investing business – sources Read More »
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 »
