investment-management
Top StoriesFrench Asset Manager Amundi Posts Q3 Outflows of $13 Billion
Top StoriesAluminium Price Drops on Jump in Lme Stocks and Russian Metal
Top StoriesCredit Agricole and Caceis to Buy Rbc Investor Services’ Europe Unit
Top StoriesTwitter Reviews Policies Around Permanent User Bans – Ft
Spanish Government to Ensure Naturgy’s Planned Spin-Off Meets Conditions
Date: October 11, 2022
MADRID (Reuters) – The Spanish government will ensure Naturgy’s plans to spin off its power and gas infrastructure meet conditions set by authorities when Australian fund IFM bought a stake in the utility company, Energy Minister Teresa Ribera said on Tuesday. Naturgy wants to split into two separately listed entities, with one focused on infrastructure...
Nissan Takes $687 Million Loss as Sells Russian Business for 1 Euro
Date: October 11, 2022
TOKYO (Reuters) -Nissan Motor Co Ltd will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the latest costly exit from the country by a global company. The Japanese automaker transfer its shares in Nissan Manufacturing Russia LLC...
Analysis-How China’s Xi Accumulated Power, and Why It Matters in a Third Term
Date: October 10, 2022
By Yew Lun Tian BEIJING (Reuters) – One of Xi Jinping’s first moves after winning China’s top job as general secretary of the Communist Party in 2012 was to reinstate regular “democratic life sessions” with fellow leaders in the 25-member Politburo, a staple of the Mao Zedong era. Restoring the practice, which entails self-criticism in...
Explainer-Why Are Britain’s Pension Schemes Dumping Gilts?
Date: September 28, 2022
LONDON (Reuters) – A dramatic upswing in British government bond yields this week triggered calls for cash from defined benefit pension funds, forcing them to slash positions and prompt the Bank of England to mount an emergency 65 billion pound ($69 billion) bond buying programme in an effort to stabilise the market. WHAT ARE DEFINED...
Banks Close Painful Citrix Debt Chapter With $700 Million Loss -Source
Date: September 22, 2022
By Abigail Summerville and Matt Tracy (Reuters) – Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc by accepting a $700 million loss, a person familiar with the matter said on Wednesday. The process emerged as a key test of...
Uniper’s Rocky Road to German Nationalisation
Date: September 21, 2022
(Reuters) – Germany’s government announced steps on Wednesday to nationalise gas importer Uniper, brought to its knees after long-term Russian partner Gazprom withheld exports in the wake of Russia’s invasion of Ukraine. Russia closed the important Nord Stream 1 export pipeline into Germany three weeks ago, saying Western sanctions were hindering operations. European politicians say...