Financials (Legacy)

Italy’s PM defiant on budget, denies coalition rift

Italy’s PM defiant on budget, denies coalition rift

Published 18/10/2018

BRUSSELS (Reuters) - Italy’s prime minister on Thursday denied any division between the two parties in his governing coalition, after reports of a spat over [more…]

Blackstone third-quarter profit beats estimates amid market rise

Blackstone third-quarter profit beats estimates amid market rise

Published 18/10/2018

NEW YORK (Reuters) - Blackstone Group LP (BX.N), the world’s largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in [more…]

HSBC poised to be first firm to issue Chinese Depositary Receipts:…

HSBC poised to be first firm to issue Chinese Depositary Receipts:…

Published 18/10/2018

HONG KONG (Reuters) - HSBC Holdings PLC (HSBA.L) is set to be the first company to issue Chinese Depositary Receipts (CDRs), through a link between [more…]

Cheap and unloved: Europe Inc can’t afford third-quarter miss as…

Cheap and unloved: Europe Inc can’t afford third-quarter miss as…

Published 17/10/2018

MILAN/LONDON (Reuters) - The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but [more…]

Insurers call for delay in prising open ‘black box’ accounts

Insurers call for delay in prising open ‘black box’ accounts

Published 17/10/2018

LONDON (Reuters) - Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing [more…]

PIMCO taps Erin Browne as managing director and portfolio manager

PIMCO taps Erin Browne as managing director and portfolio manager

Published 15/10/2018

NEW YORK (Reuters) - PIMCO, one of the world’s largest fixed-income managers, on Monday named Erin Browne, previously of UBS Asset Management and Steve Cohen’s [more…]

Virgin’s Branson halts talks on $1 billion Saudi investment in…

Virgin’s Branson halts talks on $1 billion Saudi investment in…

Published 12/10/2018

(Reuters) - British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a [more…]

Britain’s Schroders gains on potential Lloyds wealth deal

Britain’s Schroders gains on potential Lloyds wealth deal

Published 08/10/2018

(Reuters) - A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain’s biggest bank, which [more…]

Dollar extends two-week run of gains, data eyed

Dollar extends two-week run of gains, data eyed

Published 08/10/2018

LONDON (Reuters) - The dollar climbed on Monday, building on last week’s gains as weakness in global markets, led by Chinese equities, and recent strong [more…]