Banking and Investment Services (TRBC)
Shenzhen’s ChiNext challenges Shanghai, adds fuel to ‘technology war’ with U.S.
* Some 18 firms to list on Shenzhen’s revamped ChiNext on Monday * Reforms to ChiNext aimed at fast-tracking IPOs * Reforms come as U.S. and China fight so-called tech war * Fund managers flag tech bubble risks, fraud risks By Samuel Shen and Andrew Galbraith SHANGHAI, Aug 21 (Reuters) – As companies prepare to …
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …
U.S. RESEARCH ROUNDUP- Labcorp, ServiceNow, Zebra Technologies
April 30 (Reuters) – Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Labcorp, ServiceNow and Zebra Technologies on Thursday. HIGHLIGHTS * Labcorp : Keybanc cuts to sector weight from overweight * ONEOK Inc : Jefferies cuts to hold from buy * ServiceNow Inc : Piper Sandler cuts to …
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making. FILE …
Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
NEW YORK (Reuters) – Online student lender Social Finance Inc has agreed to acquire payments technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday. Galileo’s platform provides technology to allow companies to easily offer a range of financial services to consumers and businesses, including checking and savings …
Central banks deploy record sums to break financial logjam, but may need more
LONDON/BOSTON (Reuters) – Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits. FILE PHOTO: A trader wears a mask as he works on the floor of …
Italy’s Poste launches new Codice PostePay payment technology
MILAN, Jan 24 (Reuters) – Poste Italiane is launching a new payment technology with the aim to win more clients among Italian small businesses, Marco Siracusano, head of digital payment unit PostePay said on Friday. Poste Italiane, the former monopolist in the country for postal services, has developed the new technology based on QR codes …
Australia shares rise on healthcare, technology gains
* Afterpay among top boosts to benchmark * Financials temper broader gains * NZ closed on Thursday By Nikhil Subba Jan 2 (Reuters) – Australian shares inched higher on Thursday on their first trading day of the year, led by gains in healthcare and tech sectors amid thin trading volumes. The S&P/ASX 200 index was …
Technological change to challenge monetary policy but could raise output, Bank of Canada governor says
Nov 14 (Reuters) – The widespread adoption of new technologies is making it harder for central banks to manage monetary policy but could also boost potential output, Bank of Canada Governor Stephen Poloz suggested in a research paper on Thursday. In the paper that will form the basis of a speech he is set to …
