France’s BNP Paribas on prowl for further European expansion
BNP Paribas is looking for further opportunities to expand its investment banking franchise in Europe and fortify its lead over local rivals after last year taking over Deutsche Bank’s electronic equity and prime broking operations.
LinkedIn CEO Jeff Weiner to step down
Professional networking platform LinkedIn’s chief executive officer, Jeff Weiner, said on Wednesday that he would step down from his position effective June 1.
Wall Street rises on strong data; Tesla limits Nasdaq’s advance
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data painted a stronger picture of the U.S. economy but the Nasdaq pulled back from record levels as losses in Tesla shares weighed.
Stocks rally on virus vaccine hopes, dollar gains
The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
Coty earnings top estimates, downplays coronavirus hit; shares surge
Coty Inc reported quarterly profit above expectations on Wednesday and said the recent coronavirus outbreak would have a relatively small impact on its earnings, sending the cosmetics and fragrance maker’s shares surging as much as 22%.
Oil prices jump 4% following reports on coronavirus drug
Oil prices jumped 4% on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
Australia central bank looks to rid Visa, Mastercard of debit payments edge
Australian regulators will consider intervening to stop banks from automatically directing “tap-and-go” card payments through the world’s largest payment processors Visa and Mastercard Inc. , the central bank said on Wednesday.
American Revolut-ion: European banking apps face crowded U.S. market
When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished.
Green protesters step up pressure on Siemens over coal mine project
Siemens came under increased pressure from climate change protesters and its own shareholders on Wednesday over a contract to supply an Australian coal mine, demanding that Chief Executive Joe Kaeser cancel the deal.
Wall Street rises for third session on private jobs data, virus treatment talks
U.S. stocks surged for a third straight day on Wednesday and the Nasdaq hit a new record high, helped by strong monthly domestic private jobs data and reports of progress in developing a treatment to fight the fast-spreading coronavirus.
