Sept 16 Reuters Professional services provider JTC said on Monday it has agreed to buy Citigroup39;s global fiduciary and trust administration services business for 80 million. The unit 39;Citi Trust39; serves over 2,000 ultrahigh net worth clients across seven jurisdictions, including New York, Delaware, Singapore and Switzerland, managing more than 70 billion in assets. The sale follows […]

ZURICH, Sept 16 Reuters Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS, notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank39;s efforts to show it is not abusing its market dominance. UBS has been under close scrutiny since it acquired […]

Sept 16 Reuters Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O39;Neill said on Monday. Speaking at an investor conference in New York, O39;Neill said there was a lot of […]

Sept 17 Reuters British ecommerce firm THG said on Tuesday it was actively looking to facilitate the demerger of its technology services arm, THG Ingenuity, as it looks to shore up its balance sheet and improve its share performance. After issuing several profit warnings due to inflation and a costofliving crisis, following a 7 billion […]

Midea listing is largest in Asia this year Institutional share tranche was 8 times oversubscribed Midea most actively traded stock on Hong Kong exchange SYDNEY, Sept 17 Reuters Midea Group stock jumped by up to 9.5 on its trading debut in Hong Kong on Tuesday after the Chinese home appliances maker raised nearly 4 billion […]