By Anna Koper and Alan Charlish WARSAW (Reuters) -Poland’s central bank raised interest rates on Tuesday and suggested further tightening was on the horizon as the country grapples with the fastest price growth in over two decades. The National Bank of Poland raised the main rate by 50 basis points to 2.25%, delivering the fourth …
Polish central bank hikes rates, signals more to come Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investor Jana Partners is increasing pressure on customer service platform Zendesk to drop plans to buy Momentive Global, the parent of SurveyMonkey, arguing the deal is too expensive and that shareholders oppose it. Jana said new documents show that the acquisition of Momentive appears to have been made …
Activist Jana steps up push for Zendesk to drop deal for Momentive Global Read More »
ZURICH (Reuters) -Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese insurer GamaLife, the Swiss company said on Monday. The deal will also add 11 percentage points to its Swiss Solvency Test ratio and reduce credit risk exposure significantly, Zurich said. The transaction is …
Zurich Insurance to sell Italian life and pensions back book to GamaLife Read More »
(Reuters) – Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won’t bring a big setback to the world economy next year. According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 …
Global equity funds see big inflows as risk appetite rebounds Read More »
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 »
