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Finance
Protein coffee brand Javvy explores sale, sources say
Functional beverage brand Javvy, known for its protein coffee powders, is exploring a sale that could value it at around $1 billion, as demand for protein-rich products grows amon...
Finance
Bank of America's co-head of investment banking Mike Joo to leave firm, memo says
Bank of America's co-head of investment banking, Mike Joo, is leaving the firm for an external opportunity, according to an internal memo seen by Reuters, in one of the most high...
Finance
Deutsche Bank, KBC freeze some of Radiant World's Singapore bank accounts, Bloomberg News reports
Deutsche Bank and KBC Group NV have frozen some of Radiant World's Singapore bank accounts, while some other banks have suspended credit lines, Bloomberg News reported on Thursda...
Finance
BPER upgrades 2028 goals, targeting €7.5 billion shareholder payouts
BPER Banca on Thursday unveiled upgraded targets through 2028, forecasting a net profit of around € 2.7 billion as the lender seeks to capitalise on the integration of Banca Popo...
Finance
KBC raises full-year income growth, net interest income outlook
Belgian bank KBC on Thursday raised its full-year outlook for both total income growth and net interest income, forecasting total income growth of about 11% and net interest inc...
Finance
Commerzbank, facing possible UniCredit takeover, posts 94% profit gain
Germany's Commerzbank , nearing a possible takeover by Italy's UniCredit , said on Thursday that net profit rose 94% in the second quarter, better than analysts had expected and ...
Finance
Emerging markets get a hard lesson in tech hype
A few years ago, when almost every bank research note seemed to focus on soaring U.S. tech stocks, veteran emerging market fund manager Carlos von Hardenberg was struggling to get...
Finance
Chime raises 2026 revenue forecast on robust demand, CFO to step down
Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Fi...
Finance
JPMorgan Chase hires Lissauer for activism defense
JPMorgan Chase is hiring Bank of America executive Amy Lissauer, a veteran adviser to companies facing pressure from activist investors, to bolster its global shareholder engagem...
Finance
Italy to handle Monte Paschi stake without interfering with M&A moves
Italy will handle its residual 4.9% stake in Monte dei Paschi di Siena (MPS) in a way that does not interfere with M&A moves affecting the bailed-out lender, Economy Minister Gia...
Finance
Glencore's Australia listing taps mining-friendly capital for copper, M&A ambitions
Glencore's planned secondary listing in Australia signals a push to tap one of the world's fastest-growing pools of institutional capital to fund its copper growth ambitions and po...
Finance
Prudential slides after report on China offshore insurance tax
Shares in British insurer Prudential fell as much as 13% on Wednesday after Caixin reported that Chinese mainland tax authorities have started levying personal income tax on retu...
Finance
Wall Street warms to healthcare stocks as tech trade faces turbulence
Investors are pouring money into U.S. healthcare stocks, betting that improving earnings, rising dealmaking and attractive valuations will extend the sector's rebound after years o...
Finance
Circle's quarterly revenue rises as stablecoin circulation accelerates
Circle reported higher second-quarter revenue on Wednesday, helped by increased adoption of its USDC stablecoin as businesses and institutions expanded its use beyond crypto trad...
Finance
EU to use €1.4 billion from interest on frozen Russian assets to help Ukraine
The European Union will use €1.4 billion ($1.6 billion) taken from interest generated by frozen Russian assets to help Ukraine, the European Commission said on Wednesday.
Finance
Glencore takes provision on Radiant World, says exposure not material
Glencore has taken a provision related to Radiant World, CEO Gary Nagle said on Wednesday, but added that the Swiss miner and trader's exposure to the iron ore trader was not mat...
Finance
UK Treasury working on scope for extra borrowing, The Times says
Officials at Britain's Treasury are looking at possibly raising billions of pounds in extra borrowing by using flexibility within the government's fiscal rules, The Times said.
Finance
Jefferies gets new evidence of fake invoices at troubled fund, Bloomberg News reports
Jefferies has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp are not genuine, Bloomberg News reported on ...
Finance