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Intel files for Mobileye IPO, creating a share structure that will keep the chipmaker in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global…
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Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to…
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Societe Generale names investment bank boss Krupa as next CEO
Societe Generale has chosen investment bank boss Slawomir Krupa as its next chief executive as Frédéric Oudéa prepares to step down…
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Russia opens border draft offices as exodus continues in response to military call-ups
Russian authorities are opening more military enlistment offices near Russia’s borders in an apparent effort to intercept some of the…
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Biden administration announces new sanctions on Russia after annexation of four Ukrainian regions
The Biden administration on Friday rolled out new U.S. sanctions against Russia, with American officials describing them as “swift and…
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Trading Places: Morgan Stanley’s new Europe dealmaking chief, Credit Suisse’s senior hires, JPMorgan’s ECM shake-up
It’s been a pretty busy week for movers and shakers in the City. Here’s the shifts you need to know…
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EU-area inflation hits 10%, as electricity, natural gas prices soar
FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double digits as prices…
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City bankers take gongs at annual awards for Black British businesses
The City’s top Black professionals and rising stars were honoured at a celebration of business talent on 29 September. In…
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China cautions JPMorgan, Goldman over politically sensitive research ahead of Communist Party meeting
HONG KONG — China’s securities regulator has told investment banks operating in the country to avoid publishing politically sensitive research…
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Trevor Noah leaving ‘The Daily Show’ after 7 years
Trevor Noah is leaving Comedy Central’s “The Daily Show” after seven years. The South African comedian made the announcement at…
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Deloitte partner pay passes £1m as consulting leads profit upwards
Deloitte’s UK partners will be paid an average of more than £1m for the latest financial year after the firm…
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Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year
Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts…
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Apple stock may not be a ‘safe haven’ for much longer, Bank of America warns in downgrade
Apple Inc. has beaten the broader technology industry this year, but a Bank of America analyst isn’t sure that the…
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Global tally of COVID cases down 11% in latest week as fatalities fall 18%; BA.5 remains dominant strain
The global tally of COVID cases fell 11% in the week ending Sept. 25 from the week earlier, while the…
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Jupiter veers to record low just as new boss Beesley preps to take charge
Jupiter Fund Management shares were on track for a record low on 28 September, just days before new chief executive Matthew Beesley…
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Q&A with Pinnacle boss Ian Macoun: Fear and greed drive markets. They are gripped by fear at the moment
Australia-based Pinnacle Investment Management was founded by Ian Macoun in 2006, after he spent a period working in the country’s…
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Ukraine, disaster aid poised to pass Congress in stopgap funding bill
The Senate is set to pass a stopgap government funding bill and act to avert a government shutdown as the…
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JPMorgan installs Mangla as ECM chief as Millman moves to chair role
JPMorgan shook up the senior ranks of its equity capital markets business, naming a new sole head of the unit…
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German inflation hits highest level in more than 70 years
Germany’s annual rate of inflation accelerated again in September, beating forecasts and posting the highest reading since December 1951, according…
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Porsche IPOs with €75bn market cap, Germany’s largest in decades
Shares in luxury vehicle maker Porsche edged higher in its first day of trade on 29 September, after pricing at…
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Rothschild & Co hires JPMorgan’s Swiss dealmaking chief Bossart
Rothschild & Co has hired JPMorgan’s head of Switzerland to lead its investment banking unit in the country. Nick Bossart…
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Private equity firms face valuation and debt dilemmas after sterling’s crash
Private equity firms have been racing to shore up their portfolios and re-think future deals during a frenzied week of…
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Porsche shares edge higher in Germany’s largest IPO in decades
Shares in luxury vehicle maker Porsche edged higher in its first day of trade on Thursday, after pricing at the…
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BlackRock launches blockchain ETF for European clients
BlackRock has continued to increase its presence in the digital assets space by launching a new European blockchain exchange traded…
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H&M profit drops after Russia exit costs
Sweden’s Hennes & Mauritz AB said Thursday that net profit for its third quarter fell significantly after it booked a…
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Herbert Smith Freehills teaches PE lingo to staff in race for $2.3tn in dry powder
Deal advisers at law firms have set their sights on winning lucrative private equity clients as transactions involving buyout houses…
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Energy, Finance and Telecoms Corporations Test Their Cyber Mettle
Corporations in energy, finance and telecommunications got together last week to square off on their cyber-defense skills, a match that…
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Kirkland & Ellis targets ‘untapped potential’ in private equity with Magic Circle raids
Kirkland & Ellis’s three-partner raid of the Magic Circle over the past week was motivated by the US law firm’s desire to…
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Biden vows to end hunger in the U.S. by 2030: ‘I know we can do this’
President Biden pledged to end hunger in the U.S. by 2030 and commit $8 billion by the public and private…
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Tandem Bank chief executive Susie Aliker steps down after 18 months in the top job
Challenger bank Tandem is to get a new chief executive, after current boss Susie Aliker handed in her resignation just…
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State Street names Yie-Hsin Hung as president and boss of asset management
State Street has named Yie-Hsin Hung as president and chief executive officer of its asset management business. Hung, who joins from New York…
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Citigroup hires Credit Suisse’s Jens Welter to co-head European investment bank
Citigroup has tapped one of Credit Suisse’s top dealmakers to co-head its investment banking unit in Europe, as the Swiss…
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Credit Suisse names new investment bank leaders after Welter quits for Citigroup
Credit Suisse has named two new leaders of its European investment bank after 27-year veteran Jens Welter quit to join…
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UK Government Tax Cuts Are Credit Negative, Moody’s Says
By Xavier Fontdegloria The series of large tax cuts and increased spending outlined by the U.K. government is fueling a…
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Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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German consumer sentiment expected to hit record low in October
Consumer confidence in Germany is set to fall in October to an all-time low as income expectations plunge due to…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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Apple won’t boost production of iPhone 14 due to slower demand: report
Apple Inc. is dropping plans to boost production of its latest iPhones this year after lower-than-expected demand, according to a…
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Hackers hijack Fast Company, send obscene push alert through Apple News
Many Apple News users received a push notification Tuesday containing racist and obscene language, the result of an apparent hack.…
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Oracle to Settle SEC Foreign Bribery Charges For the Second Time
A building housing Oracle’s offices in Hyderabad, India. The company’s $23 million settlement follows a settlement in 2012. Photo: Dhiraj…
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KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
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Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
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Harley spinoff LiveWire’s stock surges in NYSE debut
The new shares of LiveWire Group Inc. charged higher Tuesday as investors prepped for the debut of electric-motorcycle company on…
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Brands Review Data Privacy Policies After $1.2 Million Sephora Settlement
More marketers are taking notice of California’s data privacy laws after the state said last month that cosmetics retailer Sephora…
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Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how much to allocate toward the company’s growing automotive-chip business as consumer…
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Ex-Credit Suisse chair António Horta-Osório joins PE firm Cerberus Capital Management
Former Credit Suisse chair Sir António Horta-Osório has joined Cerberus Capital Management as a senior adviser in Europe, adding to…
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Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs
Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment…
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