By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court preserved a tax on Americans who have invested in certain foreign corporations as constitutionally sound, ruling on Thursday against a chal[...]
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Articles written by Reuters
China orders small banks to curtail wealth management business, sources say
BEIJING (Reuters) – China’s banking regulator has given small banks a 2026 deadline to stop selling wealth management products unless they have a separate wealth subsidiary in a bid to cur[...]
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Singapore highlights banks as posing highest money laundering risk
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government[...]
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Are you dreamscrolling? Three ways to avoid overspending
By Chris Taylor NEW YORK (Reuters) – Beth Martin may be a designer in Charleston, South Carolina, but, in her head, she is in the south of France, touring a 1700s chateau. Real estate site Zillo[...]
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Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%
(Reuters) -Billionaire Warren Buffett’s Berkshire Hathaway Inc acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil produc[...]
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GameStop shares tumble after CEO says store network will shrink
By Suzanne McGee and Priyanka G (Reuters) – Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but[...]
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UBS sets aside $900 million to repay investors in collapsed Greensill funds
By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounti[...]
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M&A-focused hedge funds lead the pack in May, Goldman Sachs says
By Nell Mackenzie and Anousha Sakoui LONDON (Reuters) – Hedge fund managers making bets on mergers and acquisitions outperformed those deploying other strategies with a return of 7.7% in the fir[...]
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Japan watchdog recommends action on MUFG units over sharing of client data
By Anton Bridge TOKYO (Reuters) -Japan’s securities watchdog recommended on Friday that the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) be penalised for what it said wa[...]
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