Malaysia’s central bank said on Thursday that it will transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia Overnight Rate (MYOR) and the Malaysia Islamic Overnight Rate (MYOR-i). By the end of the transition, the KLIBOR will...
Stegra has launched a financing round to raise around €975m to complete the construction of its green hydrogen-based steel plant in Boden, Sweden. The Swedish company announced that the proceeds from the round are expected to represent up to 15%...
This funding supports NineDot’s mission to make the New York City electric grid cleaner and more sustainable NineDot Energy, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the company...
The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing. Brazilian mobile banking app PicPay is reportedly preparing for a US initial public offering (IPO) with a target of raising up to...
The Ikea-backed company’s business model is based on circularity, with furniture pieces that are no longer needed being refurbished and reused. Nornorm has received €50m to scale up its furniture-as-a-service model from all of its existing investors, including Norwegian private...
JPMorgan Chase on Tuesday topped analysts’ estimates for the third quarter as trading and investment banking generated about $700 million more revenue than expected. Here’s what the company reported: Earnings per share: $5.07 vs. expected $4.84, according to LSEG Revenue: $47.12 billion...
Wells Fargo said its profit increased 9% from a year earlier in the third quarter. Net income at the bank was $5.59 billion. That amounted to $1.66 a share, above analyst estimates of $1.55. Revenue was 5% higher at $21.44...
Citigroup posted stronger-than-expected third-quarter earnings on Tuesday before the bell, with every division generating record revenue. Here’s what the bank reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Adjusted earnings per share: $2.24...
Warburg Pincus has agreed to acquire Germany’s PSI Software AG in a transaction valuing the energy and industrial software company at more than €700m, marking one of the largest private equity takeovers in Germany’s technology sector this year, Reuters...
Goldman Sachs on Tuesday beat estimates for its third quarter on stronger-than-expected investment banking and fixed income trading. Here’s what the company reported: Earnings per share: $12.25 vs. $11 expected, according to LSEG Revenue: $15.18 billion vs. $14.1 billion expected, according to...
