13 July

Sticky

Exclusive-Illumina, Grail deal faces full-scale EU antitrust probe -sources By Reuters

Posted by admin

in News

By Foo Yun Chee BRUSSELS (Reuters) - U.S. life sciences company Illumina Inc (NASDAQ:ILMN)'s proposed buy of cancer test maker Grail Inc faces a lengthy EU antitrust investigation if it does not offer hefty concessions this week, people familiar with the matter said on Tuesday. Illumina announced the $8 billion cash-and-stock deal for cancer screening startup Grail Inc last September under which it will buy out investors, including Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos, to regain control of a company it spun out five years ago. Last month, the European Commission opened a preliminary review into...

13 July

0 Comments

Sticky

Goldman Sachs rides global dealmaking boom to smash profit estimates By Reuters

Posted by admin

in News

By Noor Zainab Hussain and Matt Scuffham (Reuters) -Goldman Sachs Group Inc on Tuesday blew past analysts' estimates for second-quarter profit as record global dealmaking activity helped Wall Street's biggest investment bank offset a slowdown in trading. Deals worth $1.5 trillion were announced in the three months to June 30 despite slowing activity among blank-check firms, more than any second quarter on record and up 13% from the record first quarter of the year, according to Refinitiv data. Overall financial advisory revenue surged 83% at Goldman in the second quarter, while equity underwriting revenue...

13 July

0 Comments

Sticky

JPMorgan profit soars in pandemic recovery but questions linger on lending outlook By Reuters

Posted by admin

in News

By Anirban Sen and Elizabeth Dilts Marshall (Reuters) -JPMorgan Chase & Co second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned the sunny outlook would not make for blockbuster revenues in the short term due to low interests rates, weak loan demand and a slowdown in trading. The country's largest bank, seen as a bellwether of the U.S. economy, was boosted by the release of another $3 billion it had set aside to cover pandemic losses and a surge in dealmaking, even as trading revenues slumped 28% from last year's record-breaking...

13 July

0 Comments

Sticky

U.S. consumer prices post largest gain in 13 years; inflation has likely peaked By Reuters

Posted by admin

in News

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. With used cars and trucks accounting for more than one-third of the surge in prices reported by the Labor Department on Tuesday, economists continued to believe that higher inflation was transitory, aligning with Federal Reserve Chair Jerome Powell's long-standing views. The yield on the benchmark 10-year Treasury note briefly shot up before retreating as investors...

13 July

0 Comments

Sticky

Twitter suspends some fake accounts it verified by mistake By Reuters

Posted by admin

in News

(Reuters) - Twitter Inc (NYSE:TWTR) said on Tuesday it mistakenly verified some fake accounts that the social media company has now permanently suspended, months after restarting its verification program. The company in May relaunched verifications after a years-long freeze on public submissions for the site's blue check marks, saying only "notable" users would be awarded the badge. "We mistakenly approved the verification applications of a small number of inauthentic (fake) accounts," a Twitter spokesperson said in a statement. "We have now permanently suspended the accounts in question, and removed their verified badge,...

13 July

0 Comments

Sticky

Singapore’s Temasek portfolio surges to record after market rally By Reuters

Posted by admin

in News

By Anshuman Daga and Aradhana Aravindan SINGAPORE (Reuters) - Singapore's Temasek Holdings reported a 25% rise in its portfolio value to a record S$381 billion ($282 billion) in the year ended March 2021, with gains powered by a global equities rally and the public listing of some of its holdings. Ranked among the biggest investors in the world, Temasek is anchored in Asia, with 64% exposure to the region as measured by underlying assets of its portfolio companies, most of which are in China and Singapore. The increase in its portfolio value was the highest in...

13 July

0 Comments

Sticky

France fines Google 500 million euros over copyright row By Reuters

Posted by admin

in News

PARIS (Reuters) -France's antitrust watchdog slapped a 500 million euro ($593 million) fine on Alphabet (NASDAQ:GOOGL)'s Google on Tuesday for failing to comply with the regulator's orders on how to conduct talks with the country's news publishers in a row over copyright. The fine comes amid increasing international pressure on online platforms such as Google and Facebook (NASDAQ:FB) to share more revenue with news outlets. The U.S. tech group must now come up with proposals within the next two months on how it would compensate news agencies and other publishers for the use of their news....

13 July

0 Comments

Sticky

Work from home fuelling cyber attacks, says global financial watchdog By Reuters

Posted by admin

in News

By Huw Jones LONDON (Reuters) - Financial firms may need to bolster their defences in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of nations, said remote working since economies went into lockdown to fight COVID-19 opened up new possibilities for cyber attacks. Working from home (WFH) is expected to stay in some form across the financial services industry and beyond. "Most cyber frameworks did not envisage a scenario of near-universal remote...

13 July

0 Comments

Sticky

Stocks edge up on China exports, U.S. inflation data awaited By Reuters

Posted by admin

in News

By Tom Arnold and Julie Zhu LONDON/HONG KONG (Reuters) - Global shares pushed to a record high on Tuesday, buoyed by better than expected Chinese export data as markets awaited the release of U.S. inflation data for further clues about the global economic recovery. The surprisingly strong Chinese data implied that global demand remained strong and helped reassure investors that the world economy was healing from the COVID-19 pandemic, despite the spread of the Delta variant. Focus now shifts to the release of U.S. consumer price data, expected to tick marginally lower from last month,...

13 July

0 Comments

Sticky

Fed’s Bullard Says Time Is Right to Pull Back On Stimulus – WSJ By Investing.com

Posted by admin

in News

By Dhirendra Tripathi The Federal Reserve should start cutting back its bond buying in the near future, The Wall Street Journal reported Federal Reserve Bank of St. Louis President James Bullard as saying in an interview published on Tuesday. “I think with the economy growing at 7% and the pandemic coming under better and better control, I think the time is right to pull back emergency measures,” Bullard told the WSJ. Bullard’s comments are striking on two counts -- firstly, they come from someone who previously had a reputation as one of the more dovish members...

Меню

News

Exclusive-Illumina, Grail deal faces full-scale EU antitrust probe -sources By Reuters

Goldman Sachs rides global dealmaking boom to smash profit estimates By Reuters

JPMorgan profit soars in pandemic recovery but questions linger on lending outlook By Reuters

U.S. consumer prices post largest gain in 13 years; inflation has likely peaked By Reuters

Twitter suspends some fake accounts it verified by mistake By Reuters

Singapore’s Temasek portfolio surges to record after market rally By Reuters

France fines Google 500 million euros over copyright row By Reuters

Work from home fuelling cyber attacks, says global financial watchdog By Reuters

Stocks edge up on China exports, U.S. inflation data awaited By Reuters

Fed’s Bullard Says Time Is Right to Pull Back On Stimulus – WSJ By Investing.com

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV