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Bank of America posts drop in quarterly profit as dealmaking slumps

Bank of America Corp (BAC.N) posted a nearly 34% drop in second-quarter profit on Monday, hit by a slump in investment banking…

3 years ago

Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny

Twitter Inc's (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny…

3 years ago

Shell gets $1 bln refining boost, upgrades oil and gas assets

Shell (SHEL.L) said on Thursday surging demand for oil products that had almost tripled refining profits in the second quarter would boost…

3 years ago

Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment

Amazon (AMZN.O) has agreed to take a 2% stake in Just Eat Takeaway.com's (TKWY.AS) struggling U.S. meal delivery business Grubhub and will offer its…

3 years ago

Explainer: How Macron’s inflation relief law tests France’s new political order

President Emmanuel Macron's government will get its first taste of life under France's new political order in the days ahead…

3 years ago

With IPOs on ice, banks’ stock offering fees plummet

Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving…

3 years ago

Analysis: Private equity’s swoop on listed European firms runs into rising execution risks

European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to…

3 years ago

Exclusive: UniCredit widens search for buyers to sell out of Russia

Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up…

3 years ago

China’s Didi faces rocky path to growth after winning U.S. delisting nod

Didi Global may have ensured its survival after winning shareholders' nod for a U.S. stock delisting but a quick return…

4 years ago

Explainer: Washington holds key to Russia’s sovereign default

The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing…

4 years ago