Blank-check company IPOs moving ahead despite government shutdown
A corner of the market for initial public offerings (IPO) is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
Etihad files lawsuit in Britain against Air Berlin administrators
Abu Dhabi’s Etihad Airways on Wednesday said it has begun legal proceedings in London, disputing a claim by the administrators of Air Berlin for damages of up to 2 billion euros ($2.26 billion).
Investors shun stocks, seek safety in bonds as economic gloom spreads
Renewed concerns about a global economic slowdown continued to sap investor appetite for assets considered risky, dragging global stocks and bond yields lower on Wednesday, while the U.S. dollar held near three-week highs.
Former Tesco director Carl Rogberg cleared of fraud over 2014 scandal
A former senior director of Tesco was formally acquitted on Wednesday of fraud and false accounting at Britain’s biggest retailer in 2014.
Deutsche faces questions from authorities investigating Danske
Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank .
JPMorgan AM turns more constructive on global stock markets
J.P. Morgan Asset Management has turned more constructive on prospects for global stock markets, saying it saw opportunities among cheaply valued mid-cap companies and financials following a year of weak returns.
BOJ maintains massive stimulus as Kuroda warns of growing risks
The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus program, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand.
Subaru halts bulk of global car output over part defect
Subaru Corp said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component.
Volvo recalls over 200,000 cars to fix fuel leak issue
Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group [GEELY.UL], is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time.
Deutsche received information requests from authorities in Danske case
Deutsche Bank said on Wednesday that it received several requests for information from regulators and law enforcement agencies around the world relating to the Dankse case.
