LONDON, July 9 (Reuters) – Anglo American (AAL.L), opens new tab has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off…
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July 8 (Reuters) – HSBC (HSBA.L), opens new tab has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong’s pension regulator said.…
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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…
Read moreLONDON, 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…
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