A person enters the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register DUBAI, July 14 (Reuters) – JPMorgan has appointed Hani Deaibes and Ahmed Salem as co-heads of its Middle …
Read More »Keppel Corp to expand wind energy portfolio with $161 mln investment in Europe
July 13 (Reuters) – Singapore’s Keppel Corp (KPLM.SI) will expand its wind energy portfolio by co-investing 480 million euros ($481.34 million) alongside Keppel Infrastructure Trust (KIT) (KEPL.SI), a Norwegian insurer and a German asset manager in Europe. Conglomerate Keppel and KIT said on Wednesday they jointly committed 160 million euros …
Read More »Wells Fargo mostly defeats two lawsuits over mortgage losses
NEW YORK, July 12 (Reuters) – Wells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic mortgage-backed securities that were a major cause of the 2008 global financial crisis. In a 68-page decision, U.S. …
Read More »Morgan Stanley names new co-heads of investment banking – memo
The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 11 (Reuters) – Morgan Stanley (MS.N) has named Eli Gross and Simon Smith as …
Read More »Column: King dollar delivers hedge funds’ best FX quarter since 2017
Woman holds U.S. dollar banknotes in front of Euro banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register ORLANDO, Fla., July 11 (Reuters) – Hedge funds had a torrid second quarter, but their faith in the dollar paid off spectacularly. …
Read More »Hong Kong markets regulator Alder to chair UK watchdog
Ashley Ian Alder, chief executive officer of Securities and Futures Commission and chairman of the board of International Organization of Securities Commissions, attends the Asian Financial Forum in Hong Kong, China, January 15, 2018. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.com Register HONG KONG/LONDON July 8 (Reuters) …
Read More »UK’s BII to invest in new Mahindra EV unit at $9 bln valuation, shares soar
A Mahindra e2o electric car radial is seen in London, Britain April 15, 2016. REUTERS/Stefan Wermuth Register now for FREE unlimited access to Reuters.com Register July 7 (Reuters) – Mahindra and Mahindra Ltd (MAHM.NS) and British International Investment (BII) will each invest up to $250 million in the automaker’s new …
Read More »Morning Bid: King dollar, you reign supreme
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading …
Read More »Column: Hedge funds most cautious on dollar in 2 months
South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. 100 dollar notes in this file photo illustration shot December 15, 2015. REUTERS/Kim Hong-Ji//Illustration/Files Register now for FREE unlimited access to Reuters.com Register ORLANDO, Fla., July 4 (Reuters) – Speculators have cut their net long dollar position …
Read More »How Russia’s war blindsided the world of ESG investing
BOSTON/LONDON, July 1 (Reuters) – Russia’s invasion of Ukraine has exposed a gap in socially-minded investing – a hands-off approach to geopolitics and human rights. Before Moscow sent troops into Ukraine on Feb. 24, Sberbank (SBER.MM), a Kremlin-backed bank already the target of international sanctions, enjoyed higher ratings for environmental, …
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