Israel is looking for firms to manage four high-tech investment funds that will be traded on the stock exchange and given state protection for any losses, the government said on Sunday. More »
Hillhouse Capital Group, an early investor in top Chinese technology firms including Tencent, Baidu and JD.com, plans to raise a new yuan-denominated fund and is currently pitching it to prospective investors, sources familiar with the plans said. More »
Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm – Exchange Income Corp. More »
FILE PHOTO: A private security guard stands at a gate of Snapdeal headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi/File Photo India’s No. 3 e-commerce player Snapdeal has rejected an initial takeover offer from ... More »
FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse/File Photo Geely-owned Volvo Car Group said on Wednesday all new models launched from 2019 will... More »
A Vocus data center is pictured in Melbourne in this undated handout image provided by Vocus. Vocus/Handout via REUTERS Embattled Australian internet company Vocus Group Ltd said it will open its books for KKR & Co LP to conduct due diligence, a sign it may ac... More »
Fred Hu, Chairman of Primavera Capital Group, poses for a photo ahead of a Reuters interview in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee Primavera Capital Group, one of China’s largest private-equity firms, is payi... More »
FILE PHOTO – The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo Warren Buffett’s Berkshire ... More »
FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holding... More »
FILE PHOTO – David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian/File Photo Uber Technologies I... More »
FILE PHOTO: A huge Euro logo is pictured by the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011. REUTERS/Ralph Orlowski/File Photo The impact of the European Central Bank’s 2.3 trillion asset purchase program on inflation has b... More »
FILE PHOTO – Uber CEO Travis Kalanick attends the summer World Economic Forum in Tianjin, China on June 26, 2016. REUTERS/Shu Zhang/File Photo Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from t... More »
David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian Uber Technologies Inc [UBER.UL] board membe... More »
FILE PHOTO – A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo The Uber Technologies Inc [UBER.UL] board of directors voted unanimously to adopt all recommendations from a report stemming from ... More »
People walk in front of the headquarters of the Brazil’s largest fixed-line telecoms group Oi, in Rio de Janeiro, Brazil, June 22, 2016. REUTERS/Sergio Moraes Bernal and Alexandra Alper More »
Sirius XM Holdings Inc, the U.S. satellite radio company controlled by John Malone’s Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, people familiar with the matter said. More »
The GM logo is seen at the General Motors Assembly Plant in Valencia, Venezuela April 21, 2017. REUTERS/Marco Bello Greenlight Capital’s plan to split up General Motors Co’s (GM.N) stock, as well as its challenge to the company’s board of directors, will come ... More »
Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital... More »
Traders gather at the post where Snap Inc. is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 6, 2017. REUTERS/Brendan McDermid Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and... More »
Post-it notes are displayed in the UBS ”fintech lab” at Canary Wharf in London, Britain, October 19, 2016. REUTERS/Hannah McKay Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” co... More »
A Jimmy Choo shoe is seen in a shop in downtown Rome, Italy March 1, 2016. REUTERS/Max Rossi British luxury retailer Jimmy Choo (CHOO.L) is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Mo... More »
FILE PHOTO – AIG CEO Peter Hancock speaks during the White House summit on cybersecurity and consumer protection in Palo Alto, California on February 13, 2015. REUTERS/Robert Galbraith/File Photo American International Group Inc’s (AIG.N) board of directors de... More »
FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/Illustration/File Photo Cyber security breaches erode companies’ share prices permanently, with financials the wors... More »
A smartphone app for Lyft drivers is seen during a photo opportunity in San Francisco, California February 3, 2016. REUTERS/Stephen Lam Ride-services company Lyft has raised $600 million in fresh funding, fuel for the company’s growth as it continues to compet... More »
The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wojazer Altice USA, the cable operator that Netherlands-based Altice NV (ATCA.AS) put together by acquiring Cablevisi... More »
Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. More »
The logo of Morgan Stanley is seen at an office building in Zurich, Switzerland September 22, 2016. REUTERS/Arnd Wiegmann/File Photo Grupo BTG Pactual SA’s stock is undervalued based on its ability to outperform peer banks in Latin America, where investment-ba... More »
A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company’s interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby Yip/File Photo China Evergrande Group (3333.HK), the country’s top home ... More »
FILE PHOTO: A Saudi Aramco employee sits near the Saudi Aramco stand at the Middle East Petrotech 2016 in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed/File Photo Saudi Arabia is having “serious discussions” with the New York Stock Exchange abo... More »
Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd (BABA.N) as it battles to remain competitive, sources with direct knowledge of the matter said. More »
U.S. hedge fund manager Emanuel ‘Manny’ Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector. 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 »
Uber CEO Travis Kalanick attends the summer World Economic Forum in Tianjin, China, June 26, 2016. REUTERS/Shu Zhang Uber Technologies Inc plans to keep co-founder Travis Kalanick as chief executive following a series of damaging events at the ride services co... More »
Brian Chesky, CEO and Co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. REUTERS/Mike Segar Airbnb, the online marketplace for short-term lodging, is expanding its... More »
The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016. REUTERS/Rick Wilking/File Photo Wells Fargo & Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank’s efforts to regain ... More »
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, 2011. REUTERS/Steve Marcus Bayliss More »
Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »
U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it plans to raise $50 million for a third fund through capital from its partners and a sale of its own digital tokens. More »
The former chief executive of human resources software firm Zenefits, Parker Conrad, on Tuesday made public a new startup that will compete with his old company, marking a comeback by the Silicon Valley entrepreneur who left Zenefits under a cloud. More »
FILE PHOTO – William Ackman (L), chief executive of Pershing Square Capital, speaks with David Weinreb, CEO of Howard Hughes Corp. on the floor of the New York Stock Exchangein New York, U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo Bayliss More »
FILE PHOTO: Visitors walk towards the Sleeping Beauty Castle during a visit to the Disneyland Paris, France, January 21, 2015. REUTERS/Gonzalo Fuentes/File Photo – RTX30GBA An activist hedge fund has criticized plans by Walt Disney (DIS.N) to take full control... More »
The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 millio... More »
Henderson Global Investors, a shareholder in Akzo Nobel (AKZO.AS), has called on the Dutch paint maker’s management to engage in takeover discussions with U.S. rival PPG Industries (PPG.N). More »
FILE PHOTO – A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China August 12, 2015. REUTERS/Tyrone Siu/File Photo Uber Technologies Inc [UBER.UL] has prohibited the use of its so-called “Greyball” technology to targ... More »
FILE PHOTO — David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid/File Photo Billionaire investor David Tepper, whose views on markets and stocks are closely watched by oth... More »
Snap cofounders Evan Spiegel (C) and Bobby Murphy ring the opening bell of the New York Stock Exchange with NYSE Group President Thomas Farley. REUTERS/Lucas Jackson Snap Inc’s (SNAP.N) shares ended up 44 percent on their first day of trading as investors floc... More »
A woman protests outside a Snap Inc. office in Venice Beach as locals demonstrate on the street over the company moving into the beach community in Los Angeles, California, U.S. March 2, 2017 . REUTERS/ Lucy Nicholson As shares of California-based Snap Inc (SN... More »
A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai Japan’s Toshiba Corp (6502.T) is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital af... More »
A fleet of Uber’s Ford Fusion self driving cars are shown during a demonstration of self-driving automotive technology in Pittsburgh, U.S., September 13, 2016. REUTERS/Aaron Josefczyk/File Photo Uber Technologies Inc said on Thursday it plans to comply with Ca... More »
A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. REUTERS/Brendan McDermid/File Photo Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. sto... More »
Students pose for pictures as they use ofo sharing bicycles at a campus in Zhengzhou, Henan province, China, September 6, 2016. China Daily/via REUTERS/File Photo Chinese bike-sharing start-up ofo said it has raised $450 million in a fresh round of funding, as... More »
Snapchat’s owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday. More »
A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter Japan’s SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing start... More »
FILE PHOTO – Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York, U.S. on September 8, 2015. REUTERS/Lucas Jackson/File Photo Warren B... More »
FILE PHOTO – Investor Warren Buffet arrives for the premiere of the film ‘Wall Street: Money Never Sleeps’ in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks ... More »
A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc (BRKa.N) made on Bank of America Corp (BAC.N), but might event... More »
FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. REUTERS/Jason Lee/File Photo China’s securities regul... More »
FILE PHOTO – A portrait of the Snapchat logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer/File Photo Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on... More »
FILE PHOTO: A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. To match Analysis SNAP-IPO/HARDWARE REUTERS/Lucas Jackson/File Photo Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow ... More »
A MoBike sign is seen in Guangzhou, Guangdong Province, China, October 8, 2016. REUTERS/Stringer Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund... More »
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) was an aggress... More »
The AIG logo is seen at its building in New York’s financial district March 19, 2015. REUTERS/Brendan McDermid American International Group Inc (AIG.N), the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly l... More »
Headquarters of Finnish telecommunication network company Nokia are pictured in Espoo, Finland August 4, 2016. Lehtikuva/Irene Stachon/via REUTERS Finnish telecoms equipment maker Nokia (NOKIA.HE) said on Thursday it is seeking to buy local company Comptel (CT... More »
Nochi Dankner (L), once one of Israel’s most powerful businessmen, attends a sentencing hearing at the Tel Aviv District court, Israel December 5, 2016. REUTERS/Shlomi Yosef/Pool Nochi Dankner, once one of Israel’s most powerful businessmen who lost his busine... More »
A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in... More »
A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. REUTERS/Lucas Jackson/File Photo Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week... More »
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo The first independent audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves has confirmed the state oil company’s own figures, sou... More »
FILE PHOTO – Joggers run past as the skyline of Singapore’s financial district is seen in the background April 21, 2014. REUTERS/Edgar Su Singapore is set to be 2017’s hottest spot for initial public offerings (IPOs) in tropical Southeast Asia with sales of st... More »
FILE PHOTO – The Snapchat logo is seen on a banner outside the New York Stock Exchange (NYSE) in New York City, U.S. on November 16, 2016. REUTERS/Brendan McDermid/File Photo This past November, Nasdaq Inc hired a helicopter to film Manhattan’s skyline using S... More »
People walk out of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files Indian stock exchange BSE Ltd’s initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million... More »
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/File photo China’s Alibaba Group Holding Ltd (BABA.N) is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd (1833.... 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 »
A man walks past a Fairfax Holdings sign directing shareholders to the meeting, at the annual general meeting for shareholders in Toronto, April 9, 2014. REUTERS/Mark Blinch Toronto-based insurance group Fairfax Financial Holdings Ltd has agreed to buy Swiss i... More »
A 3D printed people’s models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration TPX IMAGES OF THE DAY – RTSGKJ0 Airbnb Inc is looking to raise an additional $153 million as an extension of a r... More »
Indian generic drugmaker Laurus Labs Ltd’s shares rose as much as 16.36 percent on their market debut on Monday after the company’s initial public offering raised $196.6 million. More »
The Amundi company logo is seen at their headquarters in Paris, France, October 7, 2015. REUTERS/Philippe Wojazer French fund management company Amundi (AMUN.PA) is to buy asset manager Pioneer from Italian bank UniCredit (CRDI.MI) for 3.55 billion euros ($3.7... More »
A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton Stock exchange operator Nasdaq (NDAQ.O) will replace Denmark’s main C20 CAP index with a new index of 25 companies to ... More »
Chinese photo app and mobile phone maker Meitu Inc is set to launch an up to $735 million initial public offering in Hong Kong, IFR reported on Monday, citing people close to the deal. More »
The logo of India’s largest online marketplace Flipkart is seen on a building in Bengaluru, India, April 22, 2015. REUTERS/Abhishek N. Chinnappa/File Photo India’s top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in... More »
The company logo of ZMP Inc. is seen on the body of a Robot Taxi Inc.’s Robot taxi, a self-driving taxi based on a Toyota Estima car body, during an unveiling ceremony in Yokohama, south of Tokyo, Japan, October 1, 2015. REUTERS/Yuya Shino Japanese robotics st... More »
William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Billionaire investor William Ackman on Thursday said he has had an “extremely const... More »
George Twopointoh, brand ambassador for Genworth, speaks with Ugo Dumont, a volunteer for the Genworth R70i Aging Experience, during a demonstration at the Liberty Science Center in Jersey City, New Jersey in this file photo dated April 5, 2016. REUTERS/Shanno... More »
Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro ($2.18 billion) deal, according to several people close to the transaction. More »
Yoghurt by French foods group Danone is seen in this photo illustration shot in Strasbourg, April 15, 2015. REUTERS/Vincent Kessler/File Photo Dutch chemical technology firm Avantium will announce an initial public offering (IPO) this week to fund production o... More »
Sign board of Ant Financial is seen at its office in Hangzhou, Zhejiang Province, China September 21, 2016. REUTERS/John Ruwitch/File Photo Marques 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 »
Accounting software maker BlackLine Inc filed for an initial public offering with U.S. securities regulators on Friday, looking to ride on the recent success of technology offerings in a relatively quiet year for IPOs. More »
Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors sh... More »
A Chipotle Mexican Grill is seen in Los Angeles, California, U.S. on April 25, 2016. REUTERS/Lucy Nicholson/File Photo Fidelity’s Contrafund (FCNTX.O), the largest mutual fund investor in Chipotle Mexican Grill Inc (CMG.N), cut its stake in the struggling burr... More »
A man walks on a logo of the Monte Dei Paschi Di Siena bank in Rome, Italy September 24, 2013. REUTERS/Alessandro Bianchi/File Photo European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three euro z... More »
Investors who own some bank sector funds may be in for an unwanted surprise: a tax bill. More »
High-tech computing company Nutanix has acquired two startups to enhance its data and storage services, as the firm continues to grow its business despite a protracted delay in its initial public offering. More »
EDINBURGH Royal Bank of Scotland (RBS.L) would move its main office from Scotland if the nation were to split from the UK after Britain’s vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said. “The... More »
By Elzio Barreto and Steve Garton | HONG KONG HONG KONG The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange’s global head of ca... More »
BOSTON/SAN FRANCISCO Some U.S. mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Relied upon by millions of A... More »
SAN FRANCISCO Investments into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory scrutiny that have made investors shy away from the risks. Equity investme... More »
