Fed's Kashkari Says New Forward Guidance Could Have Been Stronger
New Federal Reserve guidance over the future path of rates fell short of what was needed, Minneapolis Fed leader Neel Kashkari said.
China's Stock Bulls Spark a Decoupling in Market Prices
Some mismatch between a company's shares listed on China's mainland and their counterparts in Hong Kong isn't unusual. But the growing gulf is creating a strange situation where companies can simultaneously have two radically different valuations.
SoftBank Sells Brightstar, Carrying On Its Divestiture Spree
Japan's SoftBank continued a remarkable string of asset sales, saying it is selling U.S.-based wireless-services unit Brightstar to a private-equity firm founded by a former Brightstar executive.
CaixaBank, Bankia Agree Merger Terms
The boards of CaixaBank and Bankia have approved a merger that will create a leading Spanish domestic lender with assets of more than EUR650 billion.
LSE in Borsa Italiana Talks with Euronext
London Stock Exchange has entered into exclusive talks with Euronext for the sale of Borsa Italiana, having received and reviewed a number of proposals from interested parties for MTS and the Italian exchange.
Investec Warns on First-Half Outcome
Investec said trading in the first five months of the year was impacted by volatile markets, caused by the coronavirus, and warned that it expects interim headline EPS to be 47%-57% below the prior year's levels.
Rocket Internet in Profit Warning
Rocket Internet reported an underlying loss of EUR82.8 million in the first half as the coronavirus hit valuations of companies in its portfolio, and cautioned that Ebitda this year is unlikely to match last year's figure.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Fed Details New Round of Big-Bank Stress Tests
The Federal Reserve will analyze large banks' ability to withstand two coronavirus-related recession scenarios as part of a second round of stress tests later this year, the central bank said.
Lawmakers Tangle Over Fed's Muni-Market Rescue
The Fed stood ready to back the municipal market as a lender of last resort during the pandemic. So far, only two borrowers have tapped the facility for funding.