By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Apartment Investment and Management Company investors elect one of investment firm Land & Buildings’ two director nominees to the real estate investment trust’s 10- member board. ISS said a newcomer could help iron out governance issues and establish a …
By Ross Kerber (Reuters) – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they drop out of corporate groups aiming to limit global emissions, though attorneys were skeptical they would do so. The concept is detailed on the website of Texas Comptroller Glenn Hegar, who …
Texas may offer exit path for sanctioned financial firms Read More »
By Tom Westbrook and Georgina Lee SINGAPORE/HONG KONG (Reuters) -It’s what is known in the markets as a “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg suddenly snaps. Yet market pricing suggests bets on such a shock are building in the hedge fund world, and some traders say it makes a …
Improbable bets on break of Hong Kong dollar peg adding up Read More »
(Reuters) -Wall Street banks are weighing plans to slash bonuses this year, Bloomberg Law reported on Friday, as investment banking comes under pressure from choppy markets and a high interest-rate environment. Citigroup Inc and Bank of America Corp are considering cutting bonus pools by as much as 30%, the report said, citing people with knowledge …
Wall Street bankers to see bonuses shrink as dealmaking sputters – Bloomberg Law Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve from slowing the pace of its interest rate hikes starting this month. Despite the strong job growth, some details of the …
U.S. labor market shrugs off recession fears; keeps Fed on tightening path Read More »
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law reported on Friday, citing people with knowledge of the internal deliberations. (Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities against strict COVID-19 policies. Investors were also cautious about the tech sector amid a hit to iPhone production in China. According to data from …
U.S. equity funds register biggest weekly outflow in over five weeks Read More »
(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits – after a rally in the last month – amid concerns about global economic growth due to China’s strict zero-COVID curbs. According to Refinitiv Lipper data, investors withdrew a net $5.44 billion out of global equity …
Global equity funds post biggest weekly outflow in six weeks Read More »
(Reuters) – Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns. Policymakers have for years highlighted the need for effective rules on the crypto industry, pointing …
REUTERS NEXT: After FTX collapse, pressure builds for tougher crypto rules Read More »
By John McCrank NEW YORK (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in …
IPO market nearly paused, but exchange leaders expect 2023 boost Read More »
