Tag Archives: IPO

Financial Daily Dose 7.3.2019 | Top Story: IMF Chief Lagarde to Succeed Draghi as ECB President

BY: Michael D. Reif | July 3, 2019

Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president – NYTimes and WSJ and Bloomberg Across the ocean, the White House formally chose Judy Shelton, the current US executive director of the European bank of … Continue reading

Financial Daily Dose 7.2.2019 | Top Story: OPEC Nations Cut Production into 2020

BY: Michael D. Reif | July 2, 2019

OPEC nations met yesterday and agreed to continue their production cutting goals into 2020 in an effort to, according to the experts, “prop[] up prices while demand for oil is weakening” – NYTimes and Bloomberg Beverage giant AB InBev is launching a massive Hong Kong-based IPO for its Asia Pacific beer unit that’s expected to … Continue reading

Financial Daily Dose 5.31.2019 | Top Story: Fed Eyeing Global Stability in Future Rate-cut Decisions

BY: Michael D. Reif | May 31, 2019

Fed vice chair Richard Clarida, in comments to the Economic Club of NY on Thursday, hoped to calm turbulent markets by noting that central bank officials would indeed consider lower-than-desired inflation along with “global economic and financial developments” as part of any decision to move away from its current “patient stance” and “toward cutting interest … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 4, 2017

Tesla shot past Ford in market value for the first time yesterday, a sign—according to some—of the optimism gap between the electric-car venture and traditional automakers – NYTimes and WSJ and Bloomberg Raise your right hand and admit that you never saw this one coming for AOL and Yahoo – BusinessInsider Navient Corp., facing CFPB … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 19, 2017

On the heels of Deutsche Bank’s $7.2 billion deal, Credit Suisse has finalized the terms of its own MBS-related settlement. The Swiss bank will pay $5.3 billion to resolve claims that it misled investors about the standards that the loans underlying its securities met – WSJ and Bloomberg and Law360 The Upshot looks at the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 26, 2016

Italy’s struggling lender Monte Dei Paschi is cutting jobs and closing branches in an effort to revive the world’s oldest bank (and maybe save Siena in the process) – NYTimes and WSJ Turns out that when your burritos get tough to swallow, your profits end up the same way. Whoa – WSJ For AT&T and … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | August 29, 2016

One of the big themes running through the Fed’s Jackson Hole conference that wrapped last weekend: whoa, there.  Just take it easy.  It’s time for legislatures to kick government spending into high gear—not for central bankers to play around with interest rates any more – NYTimes and Bloomberg Insiders are expecting a “flood of share … Continue reading

Your daily dose of financial news

BY: RK Blog | August 1, 2016
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And just like that, Uber’s ride-hailing war in China is over (for now, at least).  Uber has agreed to sell Uber China to rival Didi Chuxing [though maintaining a 20% stake in the new company], creating a new company worth an estimated $35 billion – NYTimes and WSJ The Deal Professor unpacks Verizon’s acquisition of … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 1, 2016

And just like that, Uber’s ride-hailing war in China is over (for now, at least).  Uber has agreed to sell Uber China to rival Didi Chuxing [though maintaining a 20% stake in the new company], creating a new company worth an estimated $35 billion – NYTimes and WSJ The Deal Professor unpacks Verizon’s acquisition of … Continue reading