Author: Press Room
© Reuters. SYDNEY – Deutsche Bank has been reinforcing its presence in the Asia-Pacific region, with a particular focus on Australia, which plays a pivotal role in the bank’s strategy amid economic challenges. Today, the bank is leveraging stable market conditions in Australia to advise on significant deals, such as AirTrunk’s $4.6 billion financing and Ramsay Health Care’s $US1.3 billion joint venture sale. This focus comes as part of a broader initiative to revitalize its Mergers and Acquisitions (M&A) operations in the face of subdued dealmaking activity. The bank has made strategic hires, including Emma-Jane Newton, to lead investment banking…
© Reuters. People walk at the Dubai’s Expo City during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Amr Alfiky By Gloria Dickie DUBAI (Reuters) – The United States is among at least 60 countries backing a pledge on Tuesday to cut cooling-related emissions by 2050, U.S. State Department officials said at the U.N. climate summit in Dubai. The Global Cooling Pledge would mark the world’s first collective focus on energy emissions from the cooling sector. It calls for countries to reduce by 2050 their cooling-related emissions by at least 68% compared to…
BNY Mellon Municipal Bond Infrastructure Fund declares $0.03 dividend
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) – China’s major state-owned banks were seen swapping yuan for U.S. dollars in the onshore swap market and selling those dollars in the spot market to support the yuan on Tuesday, two sources with knowledge of the matter said. The state bank actions come at a time the strengthened 2.55% to the dollar in November for the best month this year. However, it is still down 3% year-to-date. The sources said they believed the state bank…
Sen. Majority Leader Chuck Schumer, D-N.Y., has not put any major bills on the floor since the upper chamber returned from Thanksgiving recess, causing blowback from some Republicans.Instead, the majority leader prioritized President Biden’s judicial nominees during their first week back, and “we are nowhere closer to a deal today than we were when Hamas attacked Israel,” Sen. Roger Marshall, R-Kansas, told Fox News Digital.The Senate still has to work on the reauthorization of the Federal Aviation Authority (FAA), the National Defense Authorization Act (NDAA), the reauthorization of the Foreign Intelligence Surveillance Act (FISA), Biden’s $106 billion national security supplemental…
Spotify is laying off close to a fifth of its workforce just ahead of the holiday season.Users on X are mocking the company’s timing with its signature Spotify Wrapped style.”That puts you in the top 3% of biggest layoffs this year from a tech company,” one user quipped. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Spotify started the week by cutting about 1,500 jobs, or 17% of its workforce.”I realize that for many, a reduction of this size will feel surprisingly large given…
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© Reuters. FILE PHOTO: Cricket – ICC Cricket World Cup 2023 – Final – Fans gather to watch India v Australia – New Delhi, India – November 19, 2023 A fan reacts as they watch the final in a bar in New Delhi REUTERS/Anushree Fadnavis/File Photo By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector stayed strong in November but expanded at its slowest pace in a year as demand softened despite cooling inflationary pressures, a private survey showed. The S&P Global India Services Purchasing Managers’ Index fell to 56.9 in November from October’s 58.4, below all expectations in…
© Reuters. MUMBAI – Shares of DCB Bank witnessed a significant jump at market opening today, following the disclosure of a potential $10 million investment from the Aga Khan Fund for Economic Development (AKFED). The investment aims to bolster the bank’s capital adequacy in compliance with regulatory norms. The Mumbai-based private sector bank reported a robust financial performance for the second quarter of the fiscal year 2024 (Q2FY24), with a 13% year-over-year increase in profits to ₹127 crore. The bank’s operating profits also saw an impressive rise, reaching ₹211 crore, marking a 15.3% growth, while other income climbed by 8%…
© Reuters. Investing.com– Oil prices rose in Asian trade on Tuesday as focus remained on a potential escalation in the Israel-Hamas conflict, although disappointing OPEC+ cuts and strength in the dollar kept crude trading near five-month lows. Fears of a potential escalation in the Israel-Hamas conflict came back into play after the U.S. held Iran responsible for an attack on U.S. vessels in the Red Sea by Houthi forces. But traders remained wary of pricing a risk premium into oil over the conflict, given that it so far had minimal impact on Middle Eastern oil supplies. Disappointing production cuts from…