UBS steps up U.S. push with $1.4 bln Wealthfront purchase

The logo of Swiss bank UBS is seen at the company’s office on Bahnhofstrasse in Zurich in this July 1, 2009 file photo. Photo: Arend Wegmann/Reuters Register now to get free unlimited access to Register The entire cash transaction is scheduled to close this year pending approvals Purchasing expands UBS’s reach into the US … Read more

Debt-laden China Evergrande to hold call with investors on Wednesday – sources

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Register HONG KONG, Jan 26 (Reuters) – China Evergrande Group (3333.HK) and its financial advisors will hold a call with investors at 9 pm (1300 … Read more

Peloton stock jumps as Blackwells pushes for CEO ouster, sale

Jan 24 (Reuters) – Shares of Peloton Interactive Inc. (PTON.O) jumped on Monday after investment firm Blackwells Capital urged the equipment maker’s board of directors to sack its chief executive and put the company up for sale. The company’s shares rose nearly 10% to close at $29.71 after falling 3.4% in pre-market trading on a … Read more

Tesla countersues JPMorgan, claims bank sought ‘windfall’ after Musk tweet

The company and law firm names described above are automatically generated based on the article text. We are working on improving this feature as we continue with testing and beta development. We welcome feedback that you can provide using the Feedback tab on the right of the page. NEW YORK (Reuters) – Tesla Inc (TSLA.O) … Read more

Hong Kong’s financial sector faces talent crunch as expats head for the exit

HONG KONG, Jan. 24 (Reuters) – Tania Sibree resigned late last year as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions. Sibree, who said she has enjoyed the past five years in Hong Kong, is one of hundreds – possibly … Read more

Delivery race among Indian grocery startups brings road safety risks

Ten-minute delivery times wow online shoppers Growth of quick commerce pressures rivals Road safety concerns rise in race for faster deliveries Experts say businesses could struggle for profits NEW DELHI, Jan 23 (Reuters) – Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking a boom in “quick commerce”, … Read more

One surrendered Hong Kong hamster tests COVID positive as city lockdown grows

A man wearing personal protective equipment sits in a vehicle outside a temporarily closed pet store after the government announced it would euthanize about 2,000 hamsters in the city after first finding evidence of possible animal-to-human transmission of coronavirus disease (COVID-19) in Hong Kong, China, Jan. 18, 2022. REUTERS/Tyrone Siu Register now for FREE unlimited … Read more

Fed kicks off debate on issuing its own digital currency with new white paper

Federal Reserve Building in Washington, United States, October 20, 2021. REUTERS/Joshua Roberts/File Photo Register now to get free unlimited access to Register (Reuters) – Creating an official digital version of the US dollar may give Americans more and faster payment options, but it will also pose financial stability risks and privacy concerns, the US … Read more

Growth bargains, upbeat earnings boost Wall Street

The Nasdaq logo is displayed at the Nasdaq market site in Times Square in New York City, US, December 3, 2021. REUTERS/Gina Moon/File Photo Register now to get free unlimited access to Register Passengers surge after reporting record quarterly profit Baker Hughes jumps after announcing fourth-quarter earnings Netflix reports quarterly results after market closes … Read more

China cuts key rates, stepping up monetary stimulus effort to underpin economy

A man checks his phone in the Lujiazui Financial District in Pudong, Shanghai, China, March 14, 2019. REUTERS/Ali Song Register now to get free unlimited access to Register SHANGHAI (Reuters) – China ramped up monetary easing efforts to support a sluggish economy this week by slashing a raft of key interest rates and lending … Read more