BNY (BK.N), opens new tab beat Wall Street’s expectations for second-quarter profit on Friday, as strong investment service fees more than offset lower interest income, sending the world’s largest custodian bank’s shares up more than 3% in premarket trading. The bank’s assets…
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China and the Middle East have the potential to revitalise their historical link through financial collaborations, but more mutual understanding is needed, according to Wei Zhen, a managing director at MSCI. The index provider, which first included Saudi Arabian stocks…
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has agreed to be acquired by private-equity firm Bain Capital in a deal that values the wealth technology platform at $4.5 billion. Envestnet on Thursday said Bain will pay $63.15 a share, a 2.4% premium to Wednesday’s closing price of…
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Britain’s markets watchdog on Thursday paved the way for the biggest shake-up in three decades of rules for companies listing on the London Stock Exchange as it seeks to catch up with New York and the European Union post-Brexit. The…
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Polar Capital (POLR.L), opens new tab on Thursday reported a 7% rise in assets under management to 23.5 billion pounds ($30.2 billion) in the quarter to end-June, boosted by net inflows of 644 million pounds and rising interest in funds managed by…
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U.S. regional banks will probably stockpile more rainy-day funds and stay conservative on stock buybacks as losses from commercial real estate (CRE) loans are expected to pressure their earnings, analysts said. As regional lenders prepare to report second-quarter results next…
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As seen in the Ugandan newspaper, The Monitor, Uganda generated an additional Shs44 billion from oil tax revenues during the June 30, 2023 financial year. This figure contained in the Petroleum Fund Report for the period relayed that Uganda made a total…
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The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia. The S&P 500 is at record levels mostly due…
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China’s Ping An Insurance is considering convertible bond sale worth up to $5 billion, according to two sources with direct knowledge of the matter. The bond sale could raise between $2 billion and $5 billion, according to one of the sources. A deal is expected in the next few weeks, the sources added. They…
Read moreJuly 10 (Reuters) – BNP Paribas (BNPP.PA), opens new tab has entered into a comprehensive partnership agreement with Mistral AI, covering all its current and future commercial models, the French bank said on Tuesday. The deal, which expands a relationship that started…
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