By Emma-Victoria Farr LONDON (Reuters) – Porsche may have to go public at a steep discount if it insists on going ahead as economic obstacles mount, two people involved in the landmark multi-billion-euro listing said. The prospect of a larger than customary discount would be a setback to the controlling families pushing the initial public …
Analysis – Porsche faces uphill drive in race to public listing Read More »
By Lucy Raitano LONDON (Reuters) – Investors’ expectations of global economic growth and corporate profits have tumbled to the lowest on record, Bofa’s monthly survey of global fund managers for July said on Tuesday, describing the picture as “full capitulation” BofA which polled investors overseeing $800 billion in assets said equity allocations had slumped to …
Funds in ‘full capitulation’ as they slash stock allocation – BofA poll Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Americans’ financial health held up well in the second quarter even as inflation sent gas and grocery bills higher and ate into savings for the first time since the pandemic, U.S. bank executives said. Second quarter spending and deposit data from the country’s largest lenders including JPMorgan …
Bank data shows U.S. consumer financial health holds up amid rising inflation Read More »
By Cole Horton (Reuters) – Investors resumed deposits into U.S. sustainable funds last month, marking a return to the norm after net withdrawals in May broke a three-year streak of monthly inflows, researcher Morningstar said on Monday. Sustainable mutual funds and ETFs, including those using environmental, social and governance (ESG) factors, notched a “modest” $528 …
U.S. sustainable funds returned to inflows in June – report Read More »
By Chibuike Oguh NEW YORK (Reuters) – A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said. Banks offer junk-rated loans to companies with limited cash flow when they are confident …
Analysis-Banks’ snubbing of junk-rated loan funds worsens financing logjam Read More »
By Cole Horton NEW YORK (Reuters) – The “S” in environmental, social and governance (ESG) investing moved into the spotlight during the COVID-19 pandemic as companies faced concerns about employee wellbeing and bold calls for action on social inequality. Yet more than half of global institutional investors surveyed by French bank BNP Paribas https://securities.cib.bnpparibas/esg-global-survey-2021 last …
PARIS (Reuters) – Shares in debt-laden utility EDF rose 15% on Tuesday as they resumed trading after the French government unveiled a 9.7 billion euros ($9.85 billion) buyout offer that gives it full control over Europe’s biggest nuclear power operator. At 0705 GMT, EDF shares were up 15.3% at 11.79 euros. The finance ministry said …
EDF shares rise 15% after France details buyout plan Read More »
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK (Reuters) – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook for dealmaking turns sour amid rising interest rates and extreme market volatility caused by the Russian invasion of Ukraine. Bank of America disclosed on Monday it is reducing its …
U.S. banks take hit on leveraged loans as deals slump, rates rise Read More »
By Noor Zainab Hussain and Saeed Azhar (Reuters) – Goldman Sachs Group Inc on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48% slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading. U.S. Federal Reserve interest rate hikes, aimed at …
Goldman warns it may slow hiring, cut expenses as deals slump Read More »
By Cole Horton and Ross Kerber (Reuters) -S&P 500 chief executives made $18.3 million on average in 2021, 324 times the pay of their median workers and higher than the ratio in 2020, the top American labor union federation reported on Monday. Corporate leaders’ raises far outpaced wage gains that failed to keep up with …
CEO pay gains far outpace rising wages, says U.S. union report Read More »
