Category: Business

Retail investing is having a moment. Major U.S. brokerages that reported quarterly results this week cheered the self-directed day trading happening on their platforms as individuals with a bit of extra money and time on their hands during the coronavirus pandemic have been engaging more in markets. Bank of America Corp’s (BAC.N) self-directed investment platform […]

The U.S. payments company Stripe is picking up some former Wirecard (WDIG.DE) customers, an executive told Reuters. “It is difficult to count the impact of Wirecard, but we know that some former Wirecard customers switched to Stripe,” said Matt Henderson, who oversees Europe, the Middle East and Africa. Stripe is unlisted but is valued at […]

Indonesian tycoon Anthoni Salim narrowly won shareholder backing on Friday for a $3 billion takeover transaction between companies he controls, overcoming criticism about the deal’s valuation and questions about corporate governance. First Pacific Co Ltd (0142.HK), Salim’s holding company, said in a filing to the Hong Kong stock exchange that a takeover by its subsidiary […]

EU antitrust regulators have temporarily suspended their investigation into the London Stock Exchange’s (LSE.L) $27 billion bid for data and analytics company Refinitiv while waiting for the companies to provide requested data. The halt took effect on July 13, the European Commission said on Friday. “This procedure in merger investigations is activated if the parties […]

In the wake of the Wirecard (WDIG.DE) accounting scandal, exchange operator Deutsche Boerse (DB1Gn.DE) said on Friday it was proposing rules to enable it to quickly expel companies from the leading DAX index when those firms file for insolvency. This ruling, if adopted, could mean that Wirecard would leave the DAX index in August, rather […]

Daimler (DAIGn.DE) will stop building Mercedes-Benz sedans in the United States and Mexico as it seeks deeper cuts after posting a smaller-than-expected quarterly loss. The German automaker will halt output of its Mercedes-Benz C-Class sedan in Tuscaloosa, Alabama, leaving the plant producing sport utility vehicles (SUVs) only, it said. It will also stop producing of […]

Volkswagen AG (VOWG_p.DE) said on Friday it expects its China sales to fall a single-digit percent this year as new sport-utility vehicles and premium models help it recover from a sales slide in the world’s biggest auto market. The German automaker sold 1.59 million vehicles in China in the first six months of 2020, down […]