China's Yuan Is Riding High as Economy Recovers, Foreign Investors Pump In Money
The yuan is closing out its strongest quarter against the dollar in more than a decade, boosted by optimism over China's economic outlook and by the country's comparatively high interest rates.
Those Dying From Covid-19 Are Least Likely to Own Life Insurance
U.S. life insurers are paying out far fewer Covid-19 death claims than initially expected, largely because the new coronavirus is disproportionately killing people with little to no insurance.
Commerzbank Appoints Deutsche Bank's Manfred Knof as CEO
Manfred Knof, who will take over in January, will succeed current CEO Martin Zielke, who resigned along with Commerzbank's chairman in July after acknowledging he had failed to sufficiently turn around the bank.
Chinese Companies Head Home to Raise Money, as Beijing's Relations With U.S. Fray
China's most ambitious and fastest-growing companies once flocked to U.S. markets to raise money. Since November, eight that originally went public in New York have added listings in Hong Kong.
HSBC Gains as Ping An Raises Stake
HSBC shares advanced in early European trade after China's Ping An Insurance raised its stake in the lender to 8%.
EQT Buys Chr. Hansen's Colors Business
Swedish private-equity firm EQT has agreed to buy Chr. Hansen's food-coloring business for $930.5 million.
Captive Insurance Seen as Covid-Era Remedy to Rising Premiums
With fights flaring over payouts during a time of disrupted business, many companies are looking beyond mainstream coverage and doing it themselves.
Valaris Bondholders Win Dispute Over Bankruptcy Financing
Investors backing the offshore oil rig operator's $7.1 billion balance-sheet restructuring have prevailed against a group of banks in a dispute over which party would fund the company's chapter 11 case, a development likely to dictate who will control Valaris when it leaves bankruptcy.
Fannie, Freddie Capital Increase Is Endorsed by Risk Panel
The housing giants guarantee roughly half of the $10 trillion mortgage market, and the Trump administration wants to privatize them.
Citigroup Names Next Controller, Accounting Chief
Citigroup has named Morgan Stanley executive Johnbull Okpara as its next controller and chief accounting officer.