By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking businesses, two sources with knowledge of the matter told Reuters. The RTA is targeting the first of the two potential public share sales,…
By Douglas Gillison (Reuters) – U.S. lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial stability, the director of the Consumer Financial Protection Bureau (CFPB) told Reuters. Rohit Chopra also said in an interview that the agency was pressing ahead…
(Reuters) -Goldman Sachs has brought back to its fold senior executive Tom Montag, adding him to its board as the Wall Street giant looks to regain lost ground after its ill-fated foray into consumer banking. Montag, who had previously co-headed Goldman’s securities division and held other senior roles in his 22 years at the firm,…
By Maggie Fick LONDON (Reuters) – Activist investor Elliott Investment has taken a stake in contract drugmaker Catalent, a source familiar with the matter told Reuters on Thursday. The Wall Street Journal reported on Wednesday that Elliott had built a significant stake in Catalent, a New Jersey headquartered, NYSE listed company that does outsourced drug…
(Reuters) – Flagstar Bank, a subsidiary of New York Community Bancorp, said on Thursday it has hired six private client banking teams from the now-defunct First Republic Bank. Three of the teams are based on the West Coast and three teams are based in New York City, the bank said in a statement. Flagstar Bank…
By Divya Chowdhury, Anisha Sircar and Lisa Pauline Mattackal MUMBAI (Reuters) – Japanese equities continue to look attractive to foreign and local investors, backed by a significant valuation discount to other developed markets, the continuation of loose monetary policy, and progress made by companies on corporate governance. “We think the land of the rising sun…
(Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 per share, excluding one-time costs, for the three months ended June 30. Analysts had expected a profit of $2.12 per share, according to Refinitiv data. Marsh…
BRUSSELS (Reuters) – The European Union said on Thursday it was imposing restrictive measures against 18 individuals and 5 entities for human rights violations in Afghanistan, South Sudan, Central African Republic, Ukraine and Russia. The Taliban ministers of Education and Justice as well as the acting Taliban Chief Justice of the Afghanistan Supreme Court are…
SEOUL (Reuters) – U.S. President Joe Biden will meet with the leaders of Japan and South Korea in August in the United States, South Korea’s presidential office said on Thursday. Biden had invited South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida for a meeting in Washington when they met on the…
(Reuters) -YouTube, Google’s video streaming platform, hiked prices on its monthly and annual premium plans in the United States for the first time since the subscription service was launched in 2018. The YouTube Premium plan would cost $13.99 a month in the U.S., up $2 from before, according to the company’s website on Thursday. The…
