economy

Ackman reinvents SPAC in Universal Music deal talks

William Ackman’s Pershing Square Tontine Holdings (PSTH.N) said on Friday it was in talks to buy 10% of Universal Music…

4 years ago

Fewer Americans blame COVID for preventing them from seeking work

Fewer Americans are citing the coronavirus pandemic as the reason why they’re not looking for work as more people are…

4 years ago

Global money market funds lure massive inflows in the week to June 2-Lipper

Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the…

4 years ago

Stocks steady, dollar climbs as U.S. recovery sparks Fed tapering fears

The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further…

4 years ago

Global M&A surges to record high for third straight month

Global mergers and acquisition (M&A) activity hit a record high for the third straight month in May, driven mainly by…

4 years ago

AstraZeneca moves finance chief to new role after Alexion deal

AstraZeneca (AZN.L) will move finance chief Marc Dunoyer to head newly acquired rare diseases business Alexion (ALXN.O), using the $39…

4 years ago

Exclusive: U.S. to give ransomware hacks similar priority as terrorism

The U.S. Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism in the wake…

4 years ago

Meituan founder donates $2.27 bln shares as charity grips Chinese billionaires

The founder of food delivery giant Meituan(3690.HK) will donate shares worth about $2.27 billion to his personal charity, a stock…

4 years ago

Asia tracks Wall St lower as U.S. inflation bets perk up

Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation…

4 years ago

Banks bulk up in Hong Kong as China business overshadows politics

Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a…

4 years ago