Chinese Online Broker Shares Dropped After Criticism From Central Bank

Futu Holdings and Up Fintech fell after a senior official said cross-border online brokerages operating in mainland China were acting illegally. 


 
ECB, Diverging From Fed, Sticks With Negative Rates

The European Central Bank said it would keep its large monetary stimulus unchanged, and bank President Christine Lagarde stressed the view that a recent rise in inflation would be temporary. 


 
Square Inc.'s CFO Talks Bitcoin, Afterpay and Cash App

Amrita Ahuja believes that the internet is likely to have a 'native' currency, and that bitcoin is the strongest contender. 


 
Macquarie's First-Half Profit Roughly Doubles

Macquarie Group's first-half net profit roughly doubled as Australia's biggest investment bank and asset manager sharply lifted its interim dividend and announced a A$1.5 billion capital raising. 


 
Robinhood Loses Out With Dogecoin in the Doghouse

The trading app's revenue was dented by a pullback in cryptocurrency trading, raising questions about the platform's staying power. 


 
Italy's Agnelli Family Nears Sale of Reinsurance Company

Exor said it signed a memorandum of understanding to sell PartnerRe to Covéa Coopérations for $9 billion, generating a large cash gain that the Agnelli family holding company can direct toward new investments. 


 
Evergrande Crisis All But Shuts Bond Market for China's Junk Borrowers

International bond sales by junk-rated Chinese borrowers have nearly come to a standstill this month, with investors deterred by China Evergrande's difficulties and a string of defaults by smaller property developers. 


 
Brookfield Unit Hires Former Regulator to Expand Life-Insurance Business

Michael McRaith says he would be involved in all aspects of the growth in the U.S. and internationally. 


 
T. Rowe Price to Buy Debt-Investment Firm Oak Hill Advisors in $4.2 Billion Deal

This is T. Rowe Price's first significant corporate acquisition in more than two decades. Many money managers have recently made acquisitions to help their bottom line with new products or scale. 


 
Carlyle Earnings Jump as Private-Equity Portfolio Rises

The Washington, D.C., firm reported net income of $532.8 million in the third quarter, and the amount of cash that could be returned to shareholders reached record levels.

(END) Dow Jones Newswires

10-29-21 0015ET