The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC. The SBA is launching a working capital pilot program in the coming months that is designed to […]
LONDON, June 4 (Reuters) – Spain’s BBVA (BBVA.MC), opens new tab asked the European Central Bank on Tuesday to authorize its more than 12 billion euro ($13 billion) hostile bid for Sabadell (SABE.MC), opens new tab, a source close to BBVA said. BBVA’s […]
ROME, June 5 (Reuters) – Italy’s plan to raise around 20 billion euros ($22 billion) over three years by selling state assets to rein in debt is almost certain to fall short of its targets due to persistent political and […]
ZURICH, June 4 (Reuters) – Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on Tuesday. The call is one of […]
Retail investors have rushed to subscribe to Tencent-backed artificial intelligence (AI) drug researcher QuantumPharm on the first day of its HK$1.13 billion (US$144.5 million) initial public offering, encouraged to bet on the technology start-up by recent market rallies and listing reforms. Several […]
LONDON, June 4 (Reuters) – Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from […]
June 3 (Reuters) – Alphabet-owned Google (GOOGL.O), opens new tab is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday. Roles in sales, operations and engineering, consulting and “go to market” strategy were some […]
NEW YORK, June 3 (Reuters) – JPMorgan Chase’s (JPM.N), opens new tab global head of payments, Takis Georgakopoulos, is leaving to pursue other opportunities after leading the business since 2017, according to an internal memo seen by Reuters on Monday. Max Neukirchen […]
May 31 (Reuters) – Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S. Treasury yields and investor caution ahead of a crucial U.S. inflation report, which may […]
UBoT Holding, the first new listing on the Hong Kong stock exchange’s secondary board in more than three years, surged on debut, with one analyst saying the listing bodes well for the market. The semiconductor-component maker’s shares rose as much […]
