JD.com (9618.HK), opens new tab said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36 months. U.S.-listed shares of the company jumped […]
Johnson & Johnson (JNJ.N), opens new tab said on Tuesday it would buy privately held V-Wave for up to $1.7 billion, the healthcare conglomerate’s second deal this year aimed at boosting its presence in the market for heart disease devices. J&J said […]
TD Bank (TD.TO), opens new tab on Thursday reported its first loss in over two decades after setting aside an extra $2.6 billion to cover expected fines from U.S. regulators which have been probing weaknesses in Canada’s second-largest lender’s anti-money laundering (AML) […]
Canada’s TD Bank Group (TD.TO), opens new tab said it would set aside $2.6 billion more for penalties related to U.S. regulatory probes into deficiencies in its anti-money laundering program and it would sell part of its stake in Charles Schwab (SCHW.N), opens […]
Deutsche Bank (DBKGn.DE), opens new tab said on Wednesday that it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in the acquisition of Postbank years ago. The development helps Germany’s largest lender move beyond […]
Cryptocurrency company Tether said on Wednesday it would launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S. dollar. Stablecoins are digital […]
Hong Kong’s bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading activity picked up. Net income for Hong Kong Exchanges and Clearing (0388.HK), opens new tab (HKEX) […]
Gold eased on Monday after powering to an all-time high above the important $2,500 per ounce level in the last session on strong safe-haven demand and expectations of an imminent U.S. rate cut as investors seek more cues on the […]
Wall Street looked to a flat open as the dollar tipped lower on Monday off the back of last week’s surging stock markets as expectations the U.S. economy would dodge a recession and cooling inflation would kick off a cycle […]
Blackstone Group (BX.N), opens new tab is exploring options for Clarion Events, including a sale, that could value the business at up to 2 billion pounds ($2.6 billion), three people familiar with the matter told Reuters, as appetite for event organisers continues […]
