Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identity of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday […]
P&GJ) — Antero Midstream Corp. has made a strategic move with the acquisition of gathering and compression assets in the Marcellus Shale region for $70 million from Summit Midstream Partners LP. The purchased assets, located in the Marcellus Shale, include […]
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s […]
The Cambridge-based cybersecurity and artificial intelligence company Darktrace is likely to become the latest British technology champion to be swallowed up by a US suitor, after it agreed a $5.3bn (£4.2bn) sale to US private equity business Thoma Bravo. Darktrace, […]
Goldman Sachs has told hundreds of its top UK bankers that it is eradicating a cap on bonuses, in a move that will allow its star performers to earn up to 25 times their annual salary. Richard Gnodde, chief executive […]
LONDON, May 2 (Reuters) – Japan’s attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo that might offer […]
LONDON/ZURICH, May 2 (Reuters) – UBS is weighing plans to cut several hundred million dollars of costs in its asset management division as the bank studies options for a business whose profit is under pressure, people with knowledge of the […]
KUALA LUMPUR, Malaysia (AP) — Microsoft is investing $2.2 billion over the next four years in Malaysia’s new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella […]
SINGAPORE, May 2 (Reuters) – Singapore’s biggest bank DBS Group (DBSM.SI), opens new tab reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year’s record result. Underpinned by robust business momentum […]
SEOUL, May 2 (Reuters) – South Korea’s financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea’s Chosun Ilbo daily reported on Thursday, citing industry […]
