Stocks

By Douglas Busvine and Nadine Schimroszik BERLIN (Reuters) – The telecoms infrastructure business spun out by Britain’s Vodafone (NASDAQ:VOD) is ready to join the dealmaking fray in Europe but even with its existing asset base sees a decade of promising growth ahead, its CEO told Reuters. Vantage Towers, which owns 68,000 masts across nine European… More

ZURICH (Reuters) – UBS said on Wednesday it had “full confidence” in Chief Executive Ralph Hamers’ ability to lead the Swiss wealth manager after a Dutch court ordered a probe into his role in overseeing anti-money laundering compliance at ING Group (NYSE:ING), his former employer. Hamers ran ING, the largest bank in the Netherlands, from… More

ZURICH (Reuters) – Credit Suisse (SIX:CSGN) will take into account the coronavirus pandemic when setting bonuses and the impact is likely to be negative, Chairman Urs Rohner told Schweiz am Wochenende in an interview published on Saturday. “The pandemic is certainly a factor that will be taken into account when determining the variable compensation,” Rohner… More

MILAN (Reuters) – Shares in Italy’s UniCredit fell as much as 8% in early trade on Tuesday after Chief Executive Jean Pierre Mustier said he would leave at the end of his term in April due to divergences with the board over strategy. UniCredit announced late on Monday Chairman elect Pier Carlo Padoan and the… More

By Julie Zhu, Yingzhi Yang, Zhang Yan and Yilei Sun HONG KONG/BEIJING (Reuters) – Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings (OTC:TCEHY) Ltd have each held separate talks with Baidu Inc (NASDAQ:BIDU) to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters. But the discussions… More

(Reuters) – Blackstone Group (NYSE:BX) Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter. With this new vehicle, Blackstone plans to more than double the size of its first Asia buyout fund, Bloomberg reported (https://www.bloomberg.com/news/articles/2020-11-22/blackstone-said-to-seek-at-least-5-billion-for-second-asia-fund?sref=SCAzRb9t).… More

By Augustinus Beo Da Costa and Bernadette Christina JAKARTA (Reuters) – Some of the relatives of victims of a fatal Boeing (NYSE:BA) 737 MAX crash in Indonesia have slammed a decision by U.S. aviation authorities to allow the jets to return to the skies, saying the move comes too soon. The U.S. Federal Aviation Administration… More

SAO PAULO (Reuters) – Brazilian securities regulator CVM’s board of commissioners decided on Friday that the founders of software firm Linx SA (SA:LINX3) will be allowed to vote at a Nov. 17 shareholder meeting that will decide on a takeover bid by card processor StoneCo Ltd (O:STNE). The board’s move reversed an October decision by… More

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc (O:AAPL) on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically. The new chip, called the M1, marks a shift away from Intel Corp (O:INTC)… More

By Gina Lee Investing.com – Investors are still reeling from the shock of Ant Group Co. halting its dual listing in Shanghai and Hong Kong on Tuesday, two days before shares were set to trade in the $35 billion listing, the world’s largest to date. Alibaba (NYSE:BABA) Group Holding (HK:9988), Ant Group’s parent company, saw… More

BEIJING/SHANGHAI (Reuters) – China’s central bank and three financial regulators held talks with Ant Group Co Ltd’s top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending. The meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held… More

PARIS (Reuters) – Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them to close. France entered its second national lockdown on Friday to try to contain a surge in infections. The curbs imposed under… More

(Reuters) – Japan on Friday said it had picked Mitsubishi Heavy Industries (T:7011) (MHI) to lead the development of a new stealth fighter jet that Japan wants operational the mid-2030s to counter advanced Chinese aircraft. “We awarded the prime contract to Mitsubishi Heavy,” a ministry of defence spokesman said. The fighter jet project, which is… More