Hong Kong-listed Shanghai Henlius Biotech surged by the most since it floated its shares five years ago after drug maker Fosun Pharma offered HK$5.4 billion (US$690 million) to privatise the company. Fosun Pharma, the pharmaceutical arm of the sprawling Chinese conglomerate Fosun International, […]
Airbus AIR -10.98%decrease; red down pointing triangle lost more than $10 billion in market value after the group lowered its commercial aircraft delivery goal and cut financial targets for the year due to supply-chain hurdles and an impairment related to its space activities. […]
LONDON/SYDNEY, June 25 (Reuters) – European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down U.S. tech companies on Monday, in a sign of nervousness about the artificial intelligence boom. Stock markets remained close to record […]
June 25 (Reuters) – The surge in investment in private debt is “more money for old rope, BNP Paribas Wealth Management global chief investment officer Edmund Shing said on Tuesday. Shing said private assets were an essential for clients with […]
ZURICH, June 24 (Reuters) – As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies’ desire to spread their business. France’s BNP Paribas (BNPP.PA), opens new tab, […]
Aareal Bank, a German lender exposed to U.S. commercial real estate, is selling its prized property-software unit, Aareon, to private-equity firm TPG. The bank and one of its owners, Advent International, agreed to sell Aareon to TPG and Canadian investment group CDPQ […]
WASHINGTON, June 24 (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. […]
FRANKFURT, June 24 (Reuters) – German property lender Aareal Bank will book a gain of around 2 billion euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm TPG and investor CDPQ, it said in announcing […]
NEW YORK, June 24 (Reuters) – Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released […]
Carlsberg CARL.A -1.80%decrease; red down pointing triangle said it is considering its next steps after U.K. soft-drinks maker Britvic BVIC 7.49%increase; green up pointing triangle rejected a 3.11 billion pound ($3.94 billion) takeover bid, a setback for the Danish brewer as it seeks to expand in the […]
