By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard by a string of super-sized hikes, though questions remain on how much damage the Fed is ready to inflict on the economy. The central bank …
Bond investors expect smaller Fed rate hike but brace for inflation shocks Read More »
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the world’s second-biggest economy. Chinese banks extended 1.21 trillion yuan ($173.48 billion) in new yuan loans in November, nearly doubling October’s 615.2 …
China Nov new bank loans rise more slowly than expected Read More »
By Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo seen by Reuters, as it undergoes a global overhaul with big layoffs. Stoehr will step down on Thursday and pursue other opportunities, according to the …
Credit Suisse’s Greater China CEO to leave bank this week – memo Read More »
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week …
Investors bet on greed and fear as China loosens COVID grip Read More »
By Ross Kerber (Reuters) -North Carolina’s state treasurer on Friday called for BlackRock Inc Chief Executive Laurence Fink to resign or be removed from the top asset management firm, citing its focus on sustainable investing, but said public assets will stay with the firm. The statements from Dale Folwell are the latest from a U.S. …
North Carolina treasurer wants BlackRock CEO to go, but keeps assets at firm Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -The activist investor pushing Freshpet Inc to consider selling itself is ratcheting up the pressure on the pet-food company by recruiting industry expert Kurt Schmidt to help with its campaign and possibly serve as director candidate, people familiar with the matter said. Jana Partners LLC, which reported owning a …
Jana ratchets up pressure on Freshpet, recruits Schmidt to campaign Read More »
By Michael S. Derby NEW YORK (Reuters) – Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to over $10 billion for the first time in more than two years, a development market participants are eyeing for signs it could herald trouble in …
Fed discount window borrowing is edging up, but is it a problem? Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup . Lopez Obrador expects the bid for one of Mexico’s biggest banks to be resolved in the beginning of 2023, he said during a regular …
Mexico president says two bidders remaining for Citi’s local retail bank Read More »
By Sinead Cruise and Stefania Spezzati LONDON (Reuters) – BNP Paribas is introducing titles to grade hundreds of investment bank employees in the UK, a move to ensure a transparent job evaluation scheme, after a discrimination suit showed a lack of clarity on duties and pay at the French lender. Investment banks typically use standardised …
BNP Paribas hands its London bankers standardised job titles to ensure transparency Read More »
By Nick Carey LONDON (Reuters) – Most of ALD’s existing shareholders are participating in a 1.2 billion euro ($1.27 billion) capital increase launched to finance its purchase of Dutch rival LeasePlan, the French car leasing company’s top executive said on Friday. “We have done two weeks of roadshows and the interest is fantastic,” ALD Chief …
ALD CEO: most existing shareholders fully subscribing to capital increase Read More »
