Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
‘Active’ fund managers beaten by benchmarks during COVID volatility
By Marc Jones LONDON (Reuters) - Active fund managers, who pick and choose investments rather than passively track indexes, have failed to cash in on the financial market volatility caused by COVID-19...
Sep 23, 2020
Ant Group to raise $17.5 billion via Hong Kong IPO without cornerstone investors: sources
HONG KONG (Reuters) - China's Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from inst...
Sep 23, 2020
JPMorgan to move $230 billion of assets to Germany ahead of Brexit: source
By Lawrence White and Abhishek Manikandan LONDON (Reuters) - JPMorgan Chase & Co is moving about 200 billion euros ($234 billion) of assets from the United Kingdom to Germany as a result of Britain's ...
Sep 23, 2020
EU regulators extend Google, Fitbit deal probe to December 23
BRUSSELS (Reuters) - EU antitrust regulators have extended their investigation into Alphabet unit Google's fitness tracker maker Fitbit to Dec. 23, the European Commission said on Wednesday. The EU co...
Sep 23, 2020
Brazil’s steep rate curve should pose no threat to government funding
By Jamie McGeever BRASILIA (Reuters) - Despite a spike in Brazil's long-term interest rates serving as a "warning" to remedy public finances, the central bank's record low official interest rate means...
Sep 23, 2020
Mars drops Uncle Ben’s brand image after racial stereotyping row
(Reuters) - Mars Inc said on Wednesday it was changing the name and branding of its Uncle Ben's rice products after the brand came under fire for promoting racial stereotypes. The company said it woul...
Sep 23, 2020
Brazil’s JBS launches fund to foster Amazon preservation
By Roberto Samora SAO PAULO (Reuters) - JBS SA , the world's top meatpacker, launched on Wednesday a 1 billion reais ($182.77 million) fund to foster social and economic development in the Amazon, acc...
Sep 23, 2020
Hedge fund manager Alexander Klabin to invest in auction house Sotheby’s
(Reuters) - Hedge fund manager Alexander Klabin will invest in international art auction house Sotheby's and become the executive chairman of its art financing business, the company said on Wednesday....
Sep 23, 2020
Credit Suisse, UBS held tie-up talks backed by both chairmen: Bilanz
ZURICH (Reuters) - The chairmen of UBS and Credit Suisse supported a merger of equals between Switzerland's two largest banks during discussions earlier this year, Swiss magazine Bilanz reported on We...
Sep 23, 2020
Hong Kong government ends Disney’s option for expanding theme park
HONG KONG (Reuters) - Walt Disney Co will lose its option to buy a plot of land next to its Hong Kong theme park that was to allow for future expansion after the city's government said on Wednesday it...
Sep 23, 2020
