Home » Archives by category » FINANCE (Page 3)

China's financial hub dream for Shanghai 2020 still distant: AmCham – Reuters

China's financial hub dream for Shanghai 2020 still distant: AmCham – Reuters

SHANGHAI (Reuters) – China’s commercial capital of Shanghai is still far from its goal of becoming a global financial hub by 2020 due to hurdles such as capital controls and a lack of consistent rules, a report by a U.S. business lobby group said on Thursday. A man checks phone at Lujiazui financial district in […]

Brexit angst knocks services industry into contraction, PMI shows – Financial Times

Brexit angst knocks services industry into contraction, PMI shows – Financial Times

Britain’s dominant services sector contracted during March, pushing overall growth to its lowest level since 2012, according to a survey of executives. IHS Markit’s services purchasing managers’ index fell to 48.9 in March from 51.3 in February. Anything below 50 indicates a contraction. The figures were below analysts’ expectations of 50.9, according to a Thomson […]

Analysts React To Huge Ally Financial Buyback (NYSE:ALLY) – Benzinga

Analysts React To Huge Ally Financial Buyback (NYSE:ALLY) – Benzinga

Ally Financial Inc (NYSE: ALLY) shares traded higher by 1.3 percent Tuesday after the company announced a much larger than expected $1.25 billion 2019 buyback plan. Ally is not a Category IV bank this year and won’t be subject to the annual CCAR by the Federal Reserve. Ally’s $1.25 billion buyback is up 25 percent […]

Price tag for South Korea’s Nexon expected to reach $15bn – Financial Times

Price tag for South Korea’s Nexon expected to reach $15bn – Financial Times

The price tag for South Korea’s Nexon, one of the biggest revenue-generating videogaming companies in the world, is expected to swell to about $15bn following a restructuring of the assets being sold. Bankers say the owners have ditched their initial plans to sell holding company NXC, which holds 48 per cent of Tokyo-listed Nexon along […]

Woolworths to close some Big W stores – Nine

Woolworths to close some Big W stores – Nine

Woolworths will close around 30 Big W stores and two distribution centres over the next three years. Woolworths has 183 Big W department stores across Australia, dating back 40 years. It said would try and redeploy staff within the company, but has not revealed which stores will close. Woolworths has more than 180 of the […]

Will US data add to fears over global growth? – Financial Times

Will US data add to fears over global growth? – Financial Times

What happens when market forces return to determining the direction of Turkey’s lira? Cristian Maggio, head of emerging markets strategy at TD Securities in London, asked the question that is at the top of many currency traders’ minds. Turkey’s lira swung higher and lower last week in one of the most dramatic flare-ups in volatility […]

Theatrical retelling of Lehman Brothers is big on drama, light on finance – Business Standard

Theatrical retelling of Lehman Brothers is big on drama, light on finance – Business Standard

When Lehman Brothers collapsed in 2008, the firm was seen as both a victim of circumstance and an architect of its own demise. In playwright Stefano Massini’s The Lehman Trilogy, which was adapted in English by Ben Power, culpability for the Lehman collapse is clear, and it does not belong to […]

How Trump used financial documents to exaggerate his wealth and hide debts – Los Angeles Times

How Trump used financial documents to exaggerate his wealth and hide debts – Los Angeles Times

The Washington Post reviewed copies of these documents for 2002, 2004, 2011, 2012 and 2013 — obtaining them from court files, from people who received them from Trump’s company, and from Cohen. Cohen also provided copies of documents from 2011, 2012 and 2013 to Congress. Source link

Fate of public campaign finance uncertain as Cuomo aides feud with 3 female Democratic lawmakers – North Country Public Radio

Fate of public campaign finance uncertain as Cuomo aides feud with 3 female Democratic lawmakers – North Country Public Radio

Courtney Miller with Citizen Action speaks in favor of public campaign financing at a rally at the state Capitol on March 28. Photo: Karen DeWitt Mar 29, 2019 — The push for a public campaign finance system for New York’s politicians heated up as a feud erupted between three young female lawmakers and Gov. Andrew […]

China pledges to expand opening its financial market as the US trade delegation arrives – CNBC

China pledges to expand opening its financial market as the US trade delegation arrives – CNBC

Li also sought on Thursday to ease investors’ concerns over China’s cooling economy, saying Beijing has enough policy tools to fight a “hard battle.” Li said China will cut “real interest rate levels” and lower financing costs for Chinese companies, but did not elaborate on which interest rate he was referring to. Li had made […]