equity
Top StoriesWhen the Chips Go Up: Big Banks Bet on South Korea, Taiwan Stocks for 2023
Top StoriesWorld Stocks Upbeat on Hopes for China Re-Opening, Inflation Peaking
Top StoriesGlobal Stocks to Grind Higher, Lacklustre Year Ahead: Reuters Poll
Top StoriesDeutsche Bank: Equity Bear Market Rally Will Stretch Into 2023, Dollar Weaker
Atlantia Exit Highlights Milan’s Battle to Retain Market Heavyweights
Date: November 25, 2022
By Elisa Anzolin MILAN (Reuters) – The buyout of Atlantia will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of companies to leave the stock exchange this year, fuelling fears about its standing. Legislators and regulators want to reverse the trend and reinforce...
Credit Suisse Offers 889 Million Shares to Existing Investors in $4 Billion Capital Hike
Date: November 25, 2022
ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 billion franc capital hike. The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank’s turnaround...
Soccer-Manchester United Fans Want More Say Under Any New Owners
Date: November 24, 2022
By Alan Baldwin (Reuters) -Manchester United needs new owners and fresh investment to halt years of decline and fans should be given a real say in how the club is run in future, the Supporters Trust MUST said on Wednesday. The Premier League club’s U.S. owners are looking at options for the 20-time English champions,...
Glencore to Sell Australian Copper Mine to Spac for $1.1 Billion
Date: November 23, 2022
(Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a deal valued at $1.1 billion. Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with amended payment...
SocGen and Alliance Bernstein to Launch Global Equities Venture
Date: November 22, 2022
By Sudip Kar-Gupta PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, and U.S. investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. The venture with Alliance Bernstein comes as SocGen aims to keep up with bigger and more profitable competitors such...
Zurich Insurance Sets More Ambitious Financial Targets
Date: November 17, 2022
By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers benefit from rising premium rates. Insurers globally have faced losses from unexpected events such as the COVID-19 pandemic, the war in Ukraine and large natural catastrophes....