Saudi Arabia plans to create a $40 billion fund to invest in artificial intelligence, The New York Times reported on March 19, citing three sources briefed on the plans. Officials of the kingdom’s sovereign wealth fund – the Public Investment Fund – […]
HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion ($1.6 billion) lawsuit over tax breaks linked to Walt Disney Co. film financing. The bank faced allegations that it misled investors over the Eclipse Partnerships, […]
Ecuador bonds led gains among emerging-market peers Thursday after the nation reached a deal with the International Monetary Fund for a four-year loan of about $4 billion. Notes due in 2030 jumped 1.5 cents to 53.2 cents on the dollar, the highest since June 2022, […]
The Japanese yen slid to over 156 against the U.S. dollar on Friday after the Bank of Japan left its benchmark interest rate unchanged. The BOJ kept its benchmark policy rate at 0%-0.1% as expected. Japan’s central bank also said it will continue to […]
April 25 (Reuters) – Wireless carrier T-Mobile US (TMUS.O), opens new tab expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT’s fund that will buy fiber optic network provider Lumos, the companies […]
LONDON, April 23 (Reuters) – Britain’s plans to sell its remaining stake in NatWest (NWG.L), opens new tab would end a “sorry tale” for both the country and the lender, and boost those who feel state support has held back NatWest in […]
April 25 (Reuters) – Lazard’s (LAZ.N), opens new tab first-quarter profit exceeded estimates on Thursday, buoyed by growth in dealmaking and assets at the boutique investment bank. Growing expectations of interest rate cuts and a flurry of large deals have boosted recovery in dealmaking […]
BEIJING — Chinese smartphone company Xiaomi’s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla’s Model 3 on price. Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of April 20, […]
MADRID, April 25 (Reuters) – Spain’s Sabadell (SABE.MC), opens new tab forecast on Thursday its lending income to continue growing in 2024 after beating net profit forecasts in the first quarter, triggering a sharp rise in its share price. Higher-than-expected interest rates […]
April 22 (Reuters) – Barclays (BARC.L), opens new tab named Stephen Pick of Credit Suisse as the new head of its mergers and acquisitions (M&A) business in the Europe, the Middle East and Africa (EMEA) region on Monday. Pick, who was previously […]
