Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.11%
Saudi Arabia stocks were lower after the close on Monday, as losses in the Insurance, Cement and Petrochemicals sectors led shares lower. At the close…
Japanese lender Mizuho to buy Greenhill in $550 million deal to expand US footprint
(Reuters) – Japan’s Mizuho Financial Group Inc will acquire independent investment bank Greenhill (NYSE:GHL) & Co Inc in an all-cash…
Canadian banks see earnings risk from commercial property loans, TD in focus
(Reuters) – Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property…
Bernstein skeptical that Apple India will follow China growth
Bernstein analysts are skeptical that Apple’s (NASDAQ:AAPL) business in India will necessarily follow China’s growth trajectory. Analysts told investors in…
Singapore’s DBS expects yearly earnings to beat $7.5 billion in medium term
(Reuters) – Singapore’s biggest bank DBS Group (OTC:DBSDY) on Monday said it expects to lift annual earnings to more than…
JPMorgan sees $3 billion net interest income boost from First Republic deal
(Reuters) – JPMorgan Chase & Co’s net interest income would rise by $3 billion this year due to its purchase…
Chevron to buy PDC Energy in $7.6 billion deal
(Reuters) – Chevron Corp said on Monday it would acquire PDC Energy (NASDAQ:PDCE) Inc in an all-stock transaction for $7.6…
Foot Locker Stock Flops 27% on Weak Earnings, Loose Guidance Adds to Selloff
The shoe retailer keeps investors on their toes with a massive drop in earnings growth forecast to $2 a share…
Dollar steady as debt ceiling talks to resume
(Reuters) – The dollar was broadly steady on Monday, with U.S. debt ceiling negotiations set to resume and Federal Reserve…
PacWest Bancorp to sell real estate loans to Kennedy-Wilson unit
(Reuters) – Regional lender PacWest Bancorp said on Monday it had agreed to sell a portfolio of 74 real estate…