TOKYO—Japan would love to strengthen the yen, with the currency’s value at a nearly 38-year low. And it owns one of the world’s biggest dollar stashes. Many analysts say Tokyo is getting ready to redirect some of those government-controlled dollars back…
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LONDON, July 9 (Reuters) – As HSBC (HSBA.L), opens new tab prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people…
Read moreDevon Energy DVN -1.65%decrease; red down pointing triangle has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion. The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in…
Read moreST.PETERSBURG, July 3 (Reuters) – Russia’s central bank told businesses they should use “multiple choice solutions” including cryptocurrencies and other digital assets to facilitate payments with foreign partners to counter Western sanctions imposed over the Ukraine conflict. Russia’s booming trade…
Read moreTAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year…
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ROME, July 5 (Reuters) – UniCredit (CRDI.MI), opens new tab is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday. “M&A is a possibility,…
Read moreTORONTO, July 5 (Reuters) – TD Bank’s (TD.TO), opens new tab chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe related to…
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uly 3 (Reuters) – Private equity firm KKR & Co (KKR.N), opens new tab agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with…
Read moreJuly 5 (Reuters) – HSBC (HSBA.L), opens new tab is attracting initial interest from peers including BNP Paribas SA (BNPP.PA), opens new tab and UBS Group AG (UBSG.S), opens new tab, for the sale of its German wealth management unit, Bloomberg News reported on Thursday,…
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MADRID, July 5 (Reuters) – BBVA’s (BBVA.MC), opens new tab Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell (SABE.MC), opens new tab. The bid, which is opposed by the…
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