Bank of America veteran deal-maker Boueiz resigns after 21 years: source
Bank of America’s seasoned deal-maker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters.
Stocks, oil tumble; gold spikes as virus fears grip markets
Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to …
Dow briefly falls over 1,000 points as pandemic worries grow
The blue-chip Dow Jones Industrial Average index briefly fell more than 1,000 points on Monday, as investors dumped riskier assets after a jump in coronavirus cases outside China fueled global growth worries.
UBS releases diversity figures for Americas staff
UBS Group AG said on Monday that 38% of its employees in the Americas at the end of last year were women and 25% were people of color, adding that it aims to increase the diversity of its workforce.
France’s Sanofi to carve out active drug ingredients business
Sanofi plans to create a standalone company dedicated to making active pharmaceutical ingredients (API), components that are biologically active in a drug, and will decide whether to list it on Euronext Paris by 2022.
Group of UBI investors says Intesa Sanpaolo’s offer undervalues stock
A group of UBI Banca investors holding 1.6% of the Italian bank’s capital on Monday said a takeover offer by Intesa Sanpaolo significantly undervalues the stock.
Oil slumps 5% on demand concerns as coronavirus spreads
Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.
Pandemic fears grip Wall Street, Dow dives 800 points
The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq hit three-week lows on Monday as a surge in coronavirus cases outside China fueled global growth worries and pushed investors to safer assets.
Exclusive: Hedge fund Third Point targets British insurer Prudential: sources
Hedge fund Third Point LLC has amassed more than a $2 billion stake in Prudential Plc and plans to push Britain’s biggest insurer to split into two companies, people familiar with the matter said on Monday.
Canceled Teck oil sands project underscores global climate-energy policy tension
Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental co…
