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  • Tencent to take about 5 percent stake in investment bank CICC for $367 million
    News
    Reuters17 minutes ago

    Tencent to take about 5 percent stake in investment bank CICC for $367 million

    REUTERS - Tencent Holdings Ltd will invest HK$2.86 billion ($366.6 million) in China International Capital Corp Ltd (CICC) for a 4.95 percent stake in the Chinese investment bank, CICC said on Wednesday. Tencent Mobility, a unit of Chinese internet company Tencent, will subscribe for 207.5 million new

  • World markets stall before Fed rate call
    News
    AFP News19 minutes ago

    World markets stall before Fed rate call

    The world's stock markets all but froze Wednesday as few investors had the nerve to invest fresh money before a long-awaited interest rate call from the Federal Reserve later in the day. "The Fed trumps all else, and with hours to go until the next decision, caution reigns supreme," said

  • Exclusive - Italy's UniCredit signals interest in deal with Germany's Commerzbank: sources
    Finance
    Reuters26 minutes ago

    Exclusive - Italy's UniCredit signals interest in deal with Germany's Commerzbank: sources

    By John O'Donnell and Arno Schuetze FRANKFURT (Reuters) - Italy's UniCredit has recently told Berlin it is interested in eventually merging with state-backed Commerzbank , two people familiar with the matter said, a combination that would create one of Europe's biggest banks. Italy'