Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers
Australia’s record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the economy will rebound from the COVID-19 pandemic are likely to drive deal activity, bankers said.
Goldman Sachs to raise pay for junior investment bankers – Business Insider
Goldman Sachs Group Inc (GS.N) is raising salaries for its junior employees in the investment bank division, Business Insider reported on Sunday.
Analysis: Ten-year Treasuries at 2%? Bring it on, investors say
A bet on 10-year U.S. bond yields rising to 2% was meant to be the slam-dunk trade of 2021. It still is, say many analysts and money managers, who expect the rate to shift back higher by year-end without causing market ructions.
China’s industrial profit growth slows in June on high raw material prices
Profit growth at China’s industrial firms slowed for the fourth straight month in June, as high raw material prices weighed on factories’ margins, pointing to some weakness in the recovery of the world’s second-biggest economy.
Glencore reaches $9.85 mln zinc rigging settlement in New York
Glencore Plc (GLEN.L) agreed to pay $9.85 million to resolve a private U.S. antitrust lawsuit accusing two units of the Anglo-Swiss mining company of trying to monopolize the market for zinc, driving up its price.
China’s new private tutoring rules put billions of dollars at stake
China’s sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years.
UBS profit leaps 63% in Q2 amid wealth management boom
UBS (UBSG.S) on Tuesday posted a 63% jump in second-quarter net profit, easily beating expectations as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.
Robinhood seeks up to $35 bln valuation in mega U.S. IPO
Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage for one of the most highly anticipated stock market listings this year.
Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases
Oil slumped $5 a barrel on Monday, closing out its worst day since March, after an OPEC+ agreement to boost output stoked fears of a surplus just as rising COVID-19 infections once again threaten demand.
Italy’s Ali Group hungry for bigger slice of U.S. fast-food market
Italian family business Ali Group expects its planned takeover of U.S. catering equipment rival Welbilt to boost sales as Americans’ appetite for takeaways and meal delivery drives a resurgent U.S. fast-food market, the company told Reuters.
