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Reuters exclusively reported that Bank of America Corp (BAC.N) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan. The leadership change was one of several announced by the second largest U.S. bank. It also elevated Faiz Ahmad to jointly lead global capital markets with Sarang […]

Reuters exclusively reported that Vodafone (VOD.L) and CK Hutchison (0001.HK) are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week. The post Vodafone, Hutchison to announce UK merger as soon as Friday appeared first on Reuters News Agency.

Reuters exclusively reported that Canada’s energy infrastructure company TC Energy was planning to cut jobs, just a week after Suncor Energy unveiled plans to lay off 1,500 jobs. A spokesperson for TC Energy told Reuters that the company was downsizing to optimize its business. TC shares rose 1.1% backing a decline in the broader Canadian […]

Reuters exclusively reported that in a rare attempt to bolster China’s yuan, a self-regulatory body overseen by the country’s central bank has told major state-owned banks to lower dollar deposit interest rates. The post China’s state banks told to lower cap on dollar deposit rates appeared first on Reuters News Agency.

The move would offer Harbour an opportunity to list in New York after CEO Linda Cook decided to scale back North Sea spending and diversify operations overseas – a reaction to Britain’s windfall tax on oil and gas producers in the wake of a surge in energy prices. Talos shares were up 4.4% at 1820 […]

Reuters was hours ahead of competition reporting on the destruction of the Nova Kakhovka dam in southern Ukraine. Chicago wheat climbed over 3% on Tuesday to a near three-week high as the breaching of the dam heightened worries about escalation in the war between major grain exporters Ukraine and Russia.  The post War zone villagers […]

Reuters exclusively reported that a senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account that held American customers’ funds, bank records show.  The post Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts appeared first on Reuters News Agency.

Reuters was first to report the two largest U.S. public pension funds had voted against the re-election of Toyota Motor Corp Chairman Akio Toyoda ahead of the automaker’s annual meeting later this month. Both CalPERS and the Office of the New York City Comptroller, which oversees a number of city pensions, also voted for a […]

Reuters was first to reveal that Finnish entrepreneur Thomas Zilliacus is among the potential bidders for Chinese-owned soccer club Inter Milan. The report was especially timely as Inter prepare to face Manchester City in the Champions League final on June 10.  The post Champions League finalists Inter draw bid interest  appeared first on Reuters News […]

Reuters offers an exclusive behind-the-scenes look at the top-level exodus of U.S.-based investment bankers at Barclays after Chief Executive C.S. Venkatakrishnan’s virtual town hall.  The post Barclays CEO in bid to stem US talent flight appeared first on Reuters News Agency.