Category Archives:
Bain Capital raises $1.15 billion for first fund dedicated to insurance investments
By David French (Reuters) - Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies...
Jul 19, 2023
South Africa: Putin will not attend BRICS summit by ‘mutual agreement’
JOHANNESBURG (Reuters) - Russian President Vladimir Putin will not attend the summit of the BRICS group of nations in South Africa in August "by mutual agreement", South Africa's presidency said on We...
Jul 19, 2023
Wall collapse kills 11 workers during heavy monsoon rains in Pakistan
ISLAMABAD (Reuters) - At least 11 construction workers were killed on Wednesday when a wall collapsed on them during heavy monsoon rains on the outskirts of Islamabad, police said. The workers, from a...
Jul 19, 2023
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) - M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve's rapid rate hikes to tame inflation boosted the lender's interest incom...
Jul 19, 2023
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) - Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders' net interest income rose in a high-interest-rate environment. The upbeat results follo...
Jul 19, 2023
Societe Generale obtains France’s first crypto licence
LONDON (Reuters) - French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto glo...
Jul 19, 2023
Carvana enters deal with noteholders to cut debt by $1.2 billion
(Reuters) -Used-car retailer Carvana said on Wednesday it has signed an agreement to reduce its total debt outstanding by over $1.2 billion, sending its shares up 31% in premarket trading. The agreeme...
Jul 19, 2023
Bank of England rate hike bets recede after inflation drops
By Andy Bruce LONDON (Reuters) - Investors scaled back their bets that the Bank of England will hike interest rates aggressively after lower-than-expected inflation numbers on Wednesday prompted a hug...
Jul 19, 2023
China’s central bank structural policy tools rise to $952 billion
BEIJING (Reuters) - China's outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, up 0.7% from 6.82 trillion yuan at...
Jul 19, 2023
For North Korea, US defectors can be a propaganda win, but a logistical pain
By Josh Smith SEOUL (Reuters) - North Korea is likely to milk the border crossing by a U.S. soldier for propaganda purposes but will probably not be able to gain political leverage, analysts and a for...
Jul 19, 2023
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