Content Types
- Finance
Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
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Robinhood customer protection case can go ahead, Judge rules
A Massachusetts judge gave state securities regulators a green light to proceed with their case against Robinhood Financial, ruling that…
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Bitcoin is ‘impossible to shut down’, says Ark’s Cathie Wood
It is “impossible [for regulators] to shut [bitcoin] down” and regulators will become “a little more friendly over time” towards…
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Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
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Climate Ruling Could Force Big Change at Shell
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to…
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Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face…
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Blink Charging Taps Cash Pile in Electric Car Bet
Blink Charging Co. is using cash acquired in a recent stock offering to expand its network of charging stations ahead…
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China slams Biden for investigation of coronavirus origins as WHO says Africa urgently needs 20 million AstraZeneca doses
The global tally of confirmed cases of COVID-19 rose above 168 million on Thursday, as China hit back at President…
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Salesforce stock rises on earnings beat, increased outlook
Salesforce.com Inc. shares rose in the extended session Thursday after the cloud-based customer-relationship management company topped Wall Street estimates and…
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10-year Treasury yield rises back above 1.60% as investors weigh data, $6 trillion budget proposal
U.S. Treasurys sold off and yields climbed on Thursday as economic reports on balance confirmed a healthy economic recovery from…
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GameStop stalls, AMC soars in rare divergence — short interest might hold the key
After posting almost identical charts for weeks, the two biggest names in meme stocks are suddenly no longer twinning, and…
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Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
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London’s IPO race is heating up — Here’s which investment firm could float next
Anyone who thought that the pandemic would dull investors’ appetite for going public should think again. Listing this year so far:…
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Alan Dershowitz sues Netflix over portrayal in Jeffrey Epstein series
MIAMI — Attorney and Harvard law professor Alan Dershowitz is suing Netflix for $80 million over his portrayal in the…
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Q&A: Inside the latest cannabis company listing
The week after the firm became one of the first weed companies to list in London, Neil Mahapatra, founder and…
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Tougher audit standards fall short on fraud, shareholder group says
Tougher new standards for auditors to detect fraud are a “mixed bag”, shareholder advisory group Pirc has said. The Financial…
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FRC not ‘strong enough’ to prevent corporate failure, CEO says
The Financial Reporting Council was not “strong enough” to tackle business and audit scandals that have provoked soul-searching in the…
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HSBC plans exit from US retail market
HSBC will stop serving mass-market individual customers and smaller businesses in the US, exiting the bulk of a retail business…
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Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
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US banking chiefs grilled over pay gap between execs and employees
WASHINGTON — The chief executives of the six largest US banks drew fire from both Republicans and Democrats at a…
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Activist Wins Exxon Board Seats After Questioning Oil Giant’s Climate Strategy
An activist investor’s successful campaign to win seats on the board of Exxon Mobil Corp. XOM 1.17% represents a historic…
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Bayer to Rethink Roundup Formula for U.S. Consumers
Bayer AG said it will evaluate whether to continue using the active ingredient in its popular Roundup weedkiller in the…
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Ford Expects 40% of Global Vehicle Volume to Be Fully Electric By 2030
Ford Motor Co. F 8.51% shares rose to their highest level in nearly five years, after the auto maker outlined…
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Oil Giants Are Dealt Major Defeats on Climate-Change as Pressures Intensify
Exxon XOM 1.17% Mobil Corp. and Royal Dutch Shell RDS.A 0.38% PLC suffered significant defeats Wednesday as environmental groups and…
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Taiwan criticizes China over Pfizer vaccine deal, and Wuhan lab theory irks Beijing
Tensions between Taiwan and Beijing flared on Wednesday when Taiwanese President Tsai Ing-wen accused China of blocking a deal Taipei…
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Nvidia sales hit a record again amid chip shortage, and the earnings outlook suggests more on the way
Nvidia Corp. broke several quarterly sales records and forecast revenue growth as much as $1 billion above Wall Street estimates…
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Bitcoin no longer ‘fringe asset’ — stock-market volatility rises after crypto’s ‘extreme’ moves, study says
Like it or not, stock-market traders need to keep an eye on bitcoin prices or risk getting whipsawed when the…
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Archegos wipes off $6bn from top banks’ stock trading units in first quarter
The implosion of family office Archegos Capital wiped off more than $6bn from the world’s largest investment banks’ equities business,…
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Refinitiv boss to step down from London Stock Exchange data helm
Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the…
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‘Meme stock’ ETF targets retail investor boom
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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ENRC case against Dechert and SFO ‘the stuff of conspiracy theories’, lawyers claim
A case brought by mining company Eurasian Natural Resources Corporation against Dechert and one of its ex-partners is the “stuff of…
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US banking chiefs to urge need for controls in cryptocurrency sector
The chief executives of major US banks including Citigroup and Bank of America have expressed their caution about cryptocurrencies in written…
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GAM joins rush to Asia growth with new Singapore office
GAM, the Swiss asset manager, has opened an office in Singapore, joining a growing list of foreign asset managers that…
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Watchdog orders crypto app Luno to halt ‘misleading’ London bus and Tube ads
The Advertising Standards Authority has ruled that advertisements for cryptocurrency exchange service Luno took advantage of consumers’ lack of experience. The…
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Exxon vs. Activists: Battle Over Future of Oil and Gas Reaches Showdown
For years, Exxon Mobil Corp. didn’t have to pay much attention to investors because of its gargantuan profits. Yet on…
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Home prices rise at fastest pace since 2005 — here’s where they soared the most
The numbers: Home price gains continue to accelerate, reflecting the significant imbalance between the supply and demand for housing across…
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There’s a new ETF for stock-market FOMO
An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to…
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Will we need COVID-19 booster shots? Increasingly, the expectation is yes
It looks like Americans may need to roll up their sleeves for a COVID-19 booster shot, though vaccine makers and…
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Ex-Dechert lawyer ‘threw his client under the bus’ to salvage ties with SFO, court hears
A former Dechert lawyer decided to “throw his client under the bus” to protect his relationship with the Serious Fraud…
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MPs await FCA update on Woodford probe as deadline looms
The Financial Conduct Authority is under mounting pressure to provide an update on its ongoing probe into the collapse of…
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The economic cost of racial inequity at work put at $58.7bn per year
A year after George Floyd’s killing turned racial inequity and justice into a key theme for policing, politics and business,…
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U.S. stock futures point higher as inflation worries fade
U.S. stock-index futures were on the rise Tuesday, finding support after remarks by Federal Reserve officials soothed fears that rising…
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Goldman Sachs scores deal to target Chinese wealth market
Goldman Sachs Asset Management is to establish a wealth management joint venture in China, making it the latest foreign investment…
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Ex-Dechert partner in ENRC v SFO case motivated by ‘money and greed’, court hears
A white-collar crime lawyer has been accused of inciting the Serious Fraud Office into investigating his client ENRC to ramp up…
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UK should leverage Brexit to lead global crypto rules, says City lobby
Brexit poses a “valuable opportunity” for UK policymakers to get ahead of global rivals in regulating cryptoassets, according to a…
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Apple v. Epic: It’s closing argument time in blockbuster trial
Three weeks, more than a dozen witnesses, and hundreds of exhibits later, Apple Inc. and Epic Games Inc. are making…
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Fed paying close attention to China digital yuan, Brainard says
The Federal Reserve is paying close attention to China’s progress in developing a digital currency, especially its use in international…
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Kay Swinburne appointed chair of International Regulatory Strategy Group
Vice chair of financial services for KPMG Kay Swinburne has been appointed to chair the International Regulatory Strategy Group. Swinburne, a…
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Largest U.S. Pension Slashed Positions in Alibaba, Palantir, and GameStop. Here’s What It Bought.
Calpers sold nearly all its investment in Alibaba, and halved positions in Palantir and GameStop stock. Greg Baker/AFP via Getty…
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