European shares fell on Tuesday as investors worried that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence. The pan-European STOXX 600 index fell 0.6% in
Investment bank JPMorgan slashed its price target for China’s debt-hobbled property giant Evergrande Group to HK$2.80 from HK$7.20 on Friday, saying there was likely to be more negative news about its finances. The bank also cut its recommendation to underweight
Bulge-bracket investment banks in Australia have ramped up hiring to rebuild their depleted teams, after audacious talent raids by boutique rivals in the past year amid record dealmaking activity in the country, bankers and headhunters told Reuters. Most major banks
PepsiCo Inc unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on Tuesday, as it looks to simplify its product range and move away from high-sugar drinks.
Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to
Shares in online furniture retailer Made.com (MADE.L)opened 7% lower on its stock market debut on Wednesday, the latest company to suffer losses on its first day of trading in what has been a relentlessly busy year for stock market listings.
Wells Fargo & Co Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday. Scharf will receive $20.3 million for his work during the year, compared with $23
Bitcoin jumped more than 5% on Friday to fresh record highs of $41,530, reversing losses from earlier in the session. The world’s most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange before bouncing back. Rival cryptocurrency