Aflac AFL -0.39%decrease; red down pointing triangle is acquiring a 40% stake in Tree Line Capital Partners, a private-credit shop focused on lending to small and medium-size companies, according to people familiar with the matter. The details The insurance giant is paying about $100 million for the stake, the people said. Aflac is buying existing shares in the […]
WASHINGTON—The Supreme Court on Thursday rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau, ruling that Congress had authority to insulate the agency’s funding stream from political interference. Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded. Source: REUTER
MADRID, May 17 (Reuters) – Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, ECB Vice-President Luis de Guindos said on Friday. “Headline inflation is there at 2.4%, core inflation below 3%. We believe that in the coming months inflation will fluctuate […]
SYDNEY, May 16 (Reuters) – Anglo American (AAL.L), opens new tab has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value – and avert a $43 billion takeover bid by Australia’s BHP (BHP.AX), opens new tab Group. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper […]
BENGALURU, May 16 (Reuters) – India’s Hindustan Aeronautics Ltd (HAL) (HIAE.NS), opens new tab reported a rise in fourth-quarter profit on Thursday, helped by demand for its aircraft from the country’s defence ministry. Consolidated net profit rose 52% year-on-year to 43.09 billion rupees ($516.2 million) for the three months ended March 31. Capital goods and manufacturing companies […]
May 15 (Reuters) – Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp (NYCB.N), opens new tab and added positions in Goldman Sachs (GS.N), opens new tab and JPMorgan Chase (JPM.N), opens new tab in the first quarter, a regulatory filing showed on Wednesday. The asset manager previously held […]
LONDON/MADRID, May 15 (Reuters) – Santander’s (SAN.MC), opens new tab Victor Matarranz is stepping down as global head of wealth management and insurance as the Spanish bank expands the business, two people with knowledge of the plans said on Wednesday. Santander plans to fold its investment platforms and corporate holdings business into the wealth unit, one of […]
May 14 (Reuters) – What’s happened to the army of retail traders who used to drive bitcoin’s biggest rallies? U.S. crypto exchange Coinbase (COIN.O), opens new tab reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery in […]
The Biden administration has told key lawmakers it is sending a new package of more than $1 billion in arms and ammunition to Israel, three congressional aides said Tuesday. It’s the first arms shipment to Israel to be announced by the administration since it put another arms transfer — consisting of 3,500 bombs — on hold this […]
FRANKFURT, May 15 (Reuters) – The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank said on Wednesday. The ECB saw a number of opportunities from the use […]