SoftBank overseas business chief exits in latest churn

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS / Issei Kato / Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Wednesday it has appointed Alex Clavel as chief executive of … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS / Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Investors’ faith in a soft landing for the US economy is being heavily tested, as a … Read more

Column: Goldman sparks bear-bull battle in the lithium market: Andy Home

LONDON, June 15 (Reuters) – Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply? Goldman Sachs thinks so. “We expect lithium prices to continue to correct for the rest of the year and remain under pressure from increasing supply over the next few years,” the Wall Street heavyweight … Read more

Fed door open to 0.75% hike after inflation data, market moves

US Federal Reserve Chairman Jerome Powell tests during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Washington, US, March 3, 2022. Tom Williams / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 13 (Reuters) – Eroding inflation data and … Read more

Paris snaps at heels of London in overseas finance investment ranks

Women enjoy the view of Sacre-Coeur Basilica of Montmartre and Eiffel Tower at the Parc de Saint-Cloud near Paris, France, April 26, 2022. REUTERS/Gonzalo Fuentes/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 13 (Reuters) – France made up more ground on Britain in attracting overseas direct investment into financial services … Read more

Plant-based food stocks lack sustainable finance

A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in London, Ontario, Canada October 2, 2019. REUTERS/Moe Doiron Register now for FREE unlimited access to Reuters.com Register LONDON, June 10 (Reuters Breakingviews) – Plant -based diets are more environmentally sustainable than those which involve consuming meat and … Read more

Apple pay-later foray blurs tech-finance boundary

The Apple Inc. logo is seen in the lobby of New York City’s flagship Apple store January 18, 2011. Register now for FREE unlimited access to Reuters.com Register LONDON, June 9 (Reuters Breakingviews) – Tim Cook has crossed the banking divide. Big US tech firms have so far largely kept out of the lending business. … Read more

Deloitte denies media reports on restructuring plans

Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS / Hannah McKay / Files Register now for FREE unlimited access to Reuters.com Register June 9 (Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its global … Read more