(Reuters) – Alphabet Inc’s (GOOGL.O) Google is buying a 6.6% stake in home security firm ADT Inc (ADT.N) for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said on Monday the companies will work... More »
BERLIN (Reuters) – The German parliament’s financial committee will hold an extraordinary meeting on the Wirecard (WDIG.DE) scandal on Wednesday next week and Finance Minister Olaf Scholz is expected to be there, a Social Democrat (SPD) lawamker said on Monday... More »
VIENNA (Reuters) – An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vie... More »
FRANKFURT (Reuters) – German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a person with direct knowledge of the talks told Reute... More »
MANILA (Reuters) – Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard deposit was “spurious” and reiterated that no cash from the German payments firm had entered the bank. Wirecard... More »
BERLIN (Reuters) – Regulators worked hard and did their job in the case of payments firm Wirecard, which on Monday said that 1.9 billion euros ($2.13 billion) missing from its accounts was likely never there, Finance Minister Olaf Scholz said on Monday. “I thi... More »
NEW YORK, June 10 (Reuters) – U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $24.31 billion to $4.534 trillion, while... More »
NEW YORK, April 29 (Reuters) – U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $74.71 billion to $4.515 trillion, wh... More »
NEW YORK, Feb 19 (Reuters) – U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $2.80 billion to $3.440 trillion, while ta... More »
(Reuters) – NMC Health (NMC.L) said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances. NMC is the largest private healthcare company in the Un... More »
NEW YORK (Reuters) – Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday. “... More »
BERLIN (Reuters) – The board member overseeing an outside audit of Wirecard has been elected as chairman of the German payments company as it battles allegations of fraud and false accounting that have hit its share price. Thomas Eichelmann, a former chief fin... More »
(Reuters) – HP Inc (HPQ.N) reiterated on Sunday its rejection of Xerox Corp’s (XRX.N) $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.” The personal computer maker said last Sunday it rebuffed Xerox’s ... More »
BERLIN (Reuters) – German payments company Wirecard (WDIG.DE) has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday. The company, p... More »
LONDON (Reuters) – Shares in Wirecard sank more than 20% in early trading on Tuesday after the Financial Times newspaper published documents on the company’s accounting practices alleging an effort to inflate sales and profits, dealers said. At 0806 GMT, share... More »
BERLIN (Reuters) – Wirecard (WDIG.DE) has signed a memorandum of understanding with Softbank’s (9434.T) Brightstar and anticipates “significant transaction volume” out of the deal, the German fintech announced on Monday. Under the agreement, digital financial ... More »
NEW YORK (Reuters) – U.S. money market fund assets fell this week, retreating from their highest level since October 2009, suggesting a pause in investors piling into these low-risk products amid trade and economic worries, a private survey released on Wednesd... More »
NEW YORK (Reuters) – U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed... More »
(Reuters) – Shared office space manager WeWork Cos is looking to raise $3 billion to $4 billion in debt before it goes public, a person familiar with the matter said on Sunday, a move aimed to fuel investor confidence in the company. The potential debt offerin... More »
LONDON (Reuters) – The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after properly. While Woodford, one of Britain’s highest profile money managers, picked the compani... More »
NEW YORK (Reuters) – U.S. money market fund assets rose for a sixth consecutive week, bringing the total to a fresh nine-plus year peak as investors piled cash into low-risk funds on concerns about global trade tensions, a private report released on Wednesday ... More »
NEW YORK (Reuters) – U.S. money market fund assets rose for a fifth consecutive week, bringing its total to more than a nine-year high as investors pour cash into low-risk funds on concerns about escalating U.S.-China trade tensions, a private report released ... More »
NEW YORK (Reuters) – Like many transplants to Chicago, Chris Easton needed to adjust to winter after moving from Atlanta to take a job as a database engineer at the accounting firm EY. Among other work-life skills, Easton, 23, who is on the autism spectrum, le... More »
HYDERABAD, India/SAN FRANCISCO (Reuters) – Over the past year, a team of as many as 260 contract workers in Hyderabad, India has ploughed through millions of Facebook Inc photos, status updates and other content posted since 2014. The workers categorize items ... More »
HYDERABAD, India/SAN FRANCISCO (Reuters) – Facebook Inc has thousands of content labelers around the world who categorize content with the aim of creating large datasets that can be more readily analyzed by humans and software. One project at outsourcing vendo... More »
ZURICH (Reuters) – The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday. A survey of wealthy individuals conducted by UBS and art economist ... More »
LONDON (Reuters) – European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers from Umicore, Skanska, and Rockwool outweighed a sales beat at L’Oreal. The pan-European STOXX 600... More »
FRANKFURT/SINGAPORE (Reuters) – Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting. The raid intensified... More »
(Reuters) – French engineering consulting firm Altran Technologies was the target of a cyber attack last Thursday that hit operations in some European countries, it said. Altran said on Monday it had shut down its IT network and applications and a recovery pla... More »
NAYPYITAW (Reuters) – Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms. Suu Kyi touted Myanmar’s economic potential,... More »
JERUSALEM (Reuters) – Israel’s cabinet approved on Sunday a law to allow exports of medical cannabis in a move expected to boost state revenues and the agriculture sector, and which frustrates critics who fear it could lead to more recreational use of the drug... More »
NEW YORK (Reuters) – Citigroup Inc (C.N) will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after ValueAct first invested in Citi. The ... More »
LONDON (Reuters) – European shares edged up on Friday, buoyed by a bounce on Wall Street as a turbulent week drew to a close and investors licked their wounds after the region’s benchmark STOXX 600 sank to its lowest level since U.S. President Donald Trump’s e... More »
(Reuters) – Police in New Jersey on Thursday urged people who grabbed banknotes that spilled out of the back of an armored truck during rush-hour traffic to return the cash, no questions asked. East Rutherford police began receiving calls at around 8:30 a.m. E... More »
LONDON (Reuters) – Simmering U.S-Chinese trade tensions dented European shares on Monday as investors fled risk at the start of a highly uncertain week, with Britain’s parliamentary vote on Brexit also looming and chemicals stocks dented by a BASF profit warni... More »
SHANGHAI (Reuters) – China’s central bank on Monday warned that rejecting cash as a form of payment was illegal, saying that such practices could eventually could cause the loss of confidence in physical money and was unfair to those not accustomed to electron... More »
TOKYO (Reuters) – The head of Fuji Xerox Co Ltd, the joint venture between Fujifilm Holdings Corp (4901.T) and Xerox Corp (XRX.N), on Tuesday said an escalating dispute between the partners will not lead to the venture’s dissolution. “I’m confident a breakup w... More »
LONDON (Reuters) – European shares made a modest bounce on Tuesday, recovering slightly after trade tensions sent stock markets into a spiral as investors shed risky assets. The pan-European STOXX 600 was up 0.3 percent by 0837 GMT, but was far from making up ... More »
JOHANNESBURG (Reuters) – Global auditor KPMG said on Monday it will lay off up to 400 people in South Africa, in its latest shake-up following a corruption scandal that saw it lose several major clients. The auditor has taken a number of steps since last Septe... More »
(This version of the story corrects end-March soured loan level to 20.5 percent (not 24.6 pct) in para. 10) MILAN (Reuters) – Italy’s third largest bank, Banco BPM, is looking to sell part of its debt servicing unit as it strives to meet its bad-loan reduction... More »
SAO PAULO (Reuters) – Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity. Brookfield Asset Management Inc and its subsidiaries have made nearly a dozen major acquisit... More »
(Reuters) – Xerox Corp (XRX.N) said on Thursday its current board and management team, which included Chief Executive Jeff Jacobson, will stay, after a settlement agreement it had reached with dissenting shareholders to oust them expired. Xerox had said on Tue... More »
BOSTON (Reuters) – Several hedge funds who trace their ancestry to billionaire investor Julian Robertson’s Tiger Management are boasting positive returns for the year even as tumbling markets have left many rivals with losses. In the first three months of 2018... More »
MUMBAI/NEW DELHI (Reuters) – India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world’s second-biggest smartphone marke... More »
FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow h... More »
FILE PHOTO: A woman shops in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall/File Photo LONDON (Reuters) – British households’ gloom about their finances deepened this month, and most now expect borrowing costs to rise again within six month... More »
FILE PHOTO: Mexican Foreign Minister Luis Videgaray arrives to a meeting with senators of the Institutional Revolutionary Party (PRI) at the Senate building in Mexico City, Mexico January 30, 2018. REUTERS/Daniel Becerril MEXICO CITY (Reuters) – Mexico’s forei... More »
NEW YORK (Reuters) – In late 2017, several well-known hedge funds made bets on companies selling goods considered non-essential by consumers and on companies processing raw materials, according to filings with the U.S. Securities and Exchange commission publis... More »
The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 1, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares fell on Friday and were set for their biggest weekly loss in six months as a slump in Deutsch... More »
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and t... More »
FILE PHOTO: Cranes rise above Carillion’s Midland Metropolitan Hospital construction site in Smethwick, Britain January 11, 2018. REUTERS/Darren Staples/File Photo LONDON (Reuters) – Britain’s Carillion (CLLN.L) collapsed on Monday after its banks lost faith i... More »
A waitress poses with some coins in front of a cash-box of Danish crowns in a pub in Copenhagen, January 22, 2015. REUTERS/Fabian Bimmer COPENHAGEN (Reuters) – Introducing a digital version of the Danish crown currency would pose risks to financial stability w... More »
Since mid-2016, U.S. House Speaker Paul Ryan has carried around a "postcard" that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul. More »
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo (Reuters) – SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based fo... More »
FILE PHOTO: Boeing’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo HONG KONG/PARIS (Reuters) – Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing (BA.N) ai... More »
NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee. The abrupt departure of Franklin Codel,... More »
HomeRenter, a new British online property lettings website backed by newspaper publisher Trinity Mirror is to be launched on Monday, offering to cut out the role of traditional letting agents and the hefty fees which they levy on tenants. More »
European shares were flat on Monday with banks weighing and Madrid's bourse lagging its peers as Catalonia's political crisis deepened. More »
State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. More »
Business activity in China's services sector grew at its slowest pace in 21 months in September as the pace of new business cooled, a private survey showed. More »
The U.S. Patent and Trademark Office ruled in favor of Eli Lilly and Co in a patent dispute over its cancer drug Alimta with Neptune Generics LLC and Sandoz Inc. More »
South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. More »
South Africa's tax agency said on Monday it will launch legal proceedings against KPMG for reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office. More »
KPMG on Monday said it is weighing its options after South Africa's tax service announced plans to sue because of public statements the auditor made about a confidential report. More »
Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) that could complicate efforts to regulate them, according to ... More »
U.S. financial technology provider Fiserv made an improved offer for Monitise worth about 75 million pounds ($98 million) on Monday, hoping to secure backing from the British financial services technology group's investors. More »
French payments company Worldline has agreed to buy Swedish peer Digital River World Payments as merger activity in the payments sector picks up following this month’s takeover of Worldpay. More »
Building maintenance and janitorial services provider ABM Industries Inc said it would buy privately held rival GCA Services Group for about $1.25 billion in cash and stock to enhance its presence in the education and commercial markets. More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. Britain’s Equiniti Group Plc said it would buy Wells Fargo & Co’s share registration business for $227 million as it looks to enter the United States, the largest and most active sh... More »
A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country’s milita... More »
A basket vendor walks past red lanterns serving as decorations to celebrate the new year outside a shopping mall in Kunming, Yunnan province January 6, 2015. REUTERS/Stringer China’s services sector grew at a slower pace in June as new orders slumped, signalin... More »
U.S. money market fund assets increased by $5.47 billion to $2.632 trillion in the week ended March 28, the Money Fund Report said on Wednesday. More »
FILE PHOTO – William Ackman, chief executive of Pershing Square walks on the floor of the New York Stock Exchange, New York, U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo Billionaire investor William Ackman’s Pershing Square Holdings Ltd said ... More »
A Moneygram logo is seen outside a bank in Vienna, Austria, June 28, 2016. REUTERS/Heinz-Peter Bader U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing tha... More »
WikiLeaks founder Julian Assange makes a speech from the balcony of the Ecuadorian Embassy, in central London, Britain February 5, 2016. REUTERS/Peter Nicholls/Files Wikileaks will provide technology companies with exclusive access to CIA hacking tools that it... More »
The lobby of the CIA Headquarters Building in Langley, Virginia, U.S. on August 14, 2008. REUTERS/Larry Downing/File Photo Contractors likely breached security and handed over documents describing the Central Intelligence Agency’s use of hacking tools to anti-... More »
The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko Armed with a hefty dividend, Xerox Corp (XRX.N) shares look cheap even as they have shot up this year following the company’s spin-off of its business p... More »
Activist hedge fund Elliott Management Corp said on Friday it had entered into a standstill agreement with U.S. healthcare services company Advisory Board Co. More »
Germany has offered Egypt $500 million to support its economic program and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday. More »
A basket vendor walks past red lanterns serving as decorations to celebrate the new year outside a shopping mall in Kunming, Yunnan province January 6, 2015. REUTERS/Stringer Activity in China’s services sector expanded at the slowest pace in four months in Fe... More »
A labourer cuts steel bars at a railway bridge construction site in Lianyungang, Jiangsu province, China, September 12, 2015. REUTERS/China Daily China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding... More »
Israeli Prime Minister Benjamin Netanyahu delivers a speech at a Cyber Security Conference in Tel Aviv, Israel January 31, 2017. REUTERS/Baz Ratner/File Photo Investors are betting heavily that Israeli defense and cyber-security firms will reap a windfall from... More »
U.S. President-elect Donald Trump shakes hands with and Alibaba executive chairman Jack Ma after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Mon... More »
U.S. money market fund assets decreased by $20.96 billion to $2.677 trillion in the week ended Jan 3, the Money Fund Report said on Wednesday. More »
The Wall St. sign is seen outside the door to the New York Stock Exchange in New York’s financial district February 4, 2014. REUTERS/Brendan McDermid Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise b... More »
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo Global equity raising fell by more than a quarter in 2016, data s... More »
Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing July 11, 2013. REUTERS/Jason Lee/File Photo Growth in China’s services sector accelerated to a 16-month high in November, a private survey showed, though the increase in new orde... More »
Danish actor Mads Mikkelsen speaks at the opening of the Copenhagen Film Festival in Copenhagen October 27, 2016. Scanpix Denmark/Martin Sylvest/via Reuters Four journalists from a Danish gossip magazine were sentenced to up to 15 months in prison on Thursday ... More »
The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S. August 3, 2016. REUTERS/David Becker Computer security software manufacturer Symantec Corp. (SYMC.O) will acquire LifeLock Inc. (LOCK.N) for $2.3 billion ... More »
The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S. August 3, 2016. REUTERS/David Becker/File Photo Symantec Corp (SYMC.O) said it would acquire U.S. identity theft protection services company LifeLock Inc ... More »
A trader works at his desk as the U.S. presidential town hall debate between Republican U.S. presidential nominee Donald Trump and Democratic nominee Hillary Clinton is shown on television at Citibank’s trading floor located in central Sydney, Australia, Octob... More »
By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Ven... More »
People walk through a street in Tokyo’s Shinjuku district, Japan, September 29, 2016. Picture taken September 29, 2016. REUTERS/Toru Hanai Confidence among big Japanese manufacturers was flat in the three months to September and service-sector sentiment worsen... More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid Shares of Nutanix Inc (NTNX.O), an unprofitable but growing provider of enterprise data storage, soared more t... More »
BEIJING Activity in China’s manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, adding to fears the economy will slow in coming months unless the government steps up a huge spending spree... More »
BERLIN Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday. Without citing its sources, the Bi... More »
Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday. The Apple Inc-backed fir... More »
NEW YORK Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone. The idea has been in the works for at least five years, and in t... More »
Xerox Corp (XRX.N) will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be more nimble after years of trying to integrate the businesses. Activist investor ... More »
