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Market News
November 4, 2021
Commerzbank Forecasts 2021 Profit in Boost for CEO’s Turnaround
Commerzbank AG said it expects to make a profit this year in a boost for Chief Executive Officer Manfred Knof as he pushes ahead with his turnaround...
November 4, 2021
Credit Suisse Posts Lower Profit, Signals Loss Next Quarter
Credit Suisse Group AG reported lower profit in the third quarter and flagged that the bank expects a net loss in the final three months of the year,...
November 4, 2021
Amundi Hit by $19 Billion Cash Outflow From China Joint Venture
Amundi SA’s net inflows were unexpectedly dragged down by 16.3 billion euros ($19 billion) of cash being pulled from a Chinese joint venture in the...
November 4, 2021
Norway’s Biggest Pension Firm Exits Raytheon, Rolls-Royce on Nuclear Weapons Link
Norway’s largest pension company sold holdings totaling $147 million in companies including Raytheon Technologies and Rolls-Royce Holdings Plc due...
November 4, 2021
Societe Generale Beats as Equities Rebound Accelerates, Provisions Decline
Societe Generale SA extended a rebound in equities trading to beat the top Wall Street banks, giving a boost to Chief Executive Officer Frederic...
November 4, 2021
MTN Seeking to Raise $244 Million From Sale of Nigeria Shares
MTN Group Ltd. plans to sell shares in the carrier’s Nigeria unit worth about 101 billion naira ($244 million), continuing a plan to sell assets...
November 4, 2021
Israel Approves 2021 Budget in Key Test for Bennett Government
Israel’s parliament narrowly approved the country’s first spending plan in three years, handing a key political victory to Prime Minister Naftali...
November 4, 2021
China’s Developer Bond Slump Deepens as Selling Spreads Onshore
China’s local bonds joined a dramatic selloff in property debt that has roiled the offshore market this week.
November 4, 2021
Warburg-Backed Hong Kong Firm That Uses AI for Drug Discovery Files for U.S. IPO
Insilico Medicine, a Hong Kong-based company that uses artificial intelligence to drive drug discovery, filed confidentially for a U.S. initial...
November 4, 2021