May 25 Reuters Canada39;s two biggest lenders, TD and Royal Bank of Canada, missed analysts39; estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments. TD, which called off its 13billion acquisition of U.S.based First Horizon this month, said it does not expect to […]

PARIS, May 25 Reuters Chanel sales in the United States, one of the luxury label39;s top three markets, have slowed to a singledigit growth rate over the past six months, it said on Thursday, adding to evidence that the postpandemic spending splurge in the country has tapered off. Clearly the trend has softened since November, […]

SHANGHAIBEIJING, May 25 Reuters Great Wall Motor has filed a report with China39;s regulators against BYD, it said on Thursday, claiming its rival39;s two topselling hybrid models did not meet emissions standards and triggering a rare public spat. BYD rejected the claim, saying its vehicles met China39;s emission standards and that it reserved the right to […]

May 25 Reuters Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit39;s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchainbased venture capital firm Arrington Capital, will provide the capital, management team and […]

May 23 Reuters Five lawyers are leaving U.S. law firm Shearman Sterling to join UK rival Ashurst as partners in London, Seoul and Singapore, Ashurst said Tuesday, two days after Shearman and Allen Overy announced merger plans. Joining Ashurst39;s energy and infrastructure practices are partners Sanja Sonny Udovicic, Julia Derrick, Anna Chung and JeanLouis Neves Mandelli. […]

NEW YORK, May 22 Reuters BNY Mellon is expanding its offering of shortterm investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interestbearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The offerings are […]

May 23 Reuters Netflix Inc on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households. The streaming video pioneer has been looking for new ways to make money as it faces signs of market […]

WASHINGTON, May 23 Reuters Richard Branson39;s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a 36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to smalllaunch firm Rocket Lab USA Inc.  Rocket Lab, the seasoned smallrocket company whose headquarters […]

New chief drafts plan to win back investor trust Rules out transformational MA deal soon PARIS, May 23 Reuters Slawomir Krupa has one clear mission when he takes over at Societe Generale on Tuesday remake France39;s thirdlargest lender as a toptier bank with a distinct identity. The 48yearold, who has spent his whole career at SocGen, […]

May 22 Reuters Mizuho Financial Group Inc will buy U.S. MA advisory firm Greenhill Co Inc for 550 million including debt, the companies said on Monday, as Japan39;s No. 3 lender eyes a bigger share of the world39;s largest investmentbanking fee pool. Greenhill shares more than doubled to close at 14.66 on Monday after the announcement, just […]