Investing.com– Shares of Japanese tech conglomerate SoftBank Group Corp (TYO:) rose on Friday after its chip design unit Arm saw a heavily oversubscribed debut in U.S. markets, with its valuation also racing past initial projections.  Arm’s shares finished their first day of trade at $63.59, about 25% above the $51…

© Reuters. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/File Photo By Tatiana Bautzer, Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – As Citigroup (NYSE:) embarks on a sweeping reorganization, support staff in compliance…

© Reuters. FILE PHOTO: A NIO ET5 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo By Brenda Goh SHANGHAI (Reuters) – The European Commission began investigating on Wednesday whether…

© Reuters. BlackRock (NYSE:), the leading investment firm, has proposed a new approach to retirement investing on Thursday. The company suggests that investors should follow a starkly divided strategy during their working and retired years, challenging the traditional wisdom of maintaining a balanced portfolio. In the earning phase, BlackRock advises…

© Reuters. China’s central bank reduced the reserve requirement ratio (RRR) by 0.25% on Thursday, a move that seems to hint at disappointing upcoming data for retail sales, industrial production, and property investment. This development comes amidst a mostly positive shift in Asian equity markets, despite mixed results on Wall…

© Reuters. FILE PHOTO: A general view of a business district in Kuala Lumpur, Malaysia September 15, 2020. REUTERS/Lim Huey Teng/File Photo KUALA LUMPUR (Reuters) – Malaysia has taken action against 400 companies so far this year for violating labour laws, state news agency Bernama reported, citing Human Resources Minister V.…

© Reuters In a positive trading session on Thursday, Bank of America Corp (NYSE:). saw its shares rise by 1.11% to $29.20. This increase occurred alongside a broader market upswing with the rising 0.84% to 4,505.10 and the climbing 0.96% to 34,907.11. Despite the overall market uptick, Bank of America’s…

© Reuters. By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Politan Capital Management said on Thursday that it has economic exposure to 4.5 million shares or 7.5% of biotechnology company Azenta Inc, according to a regulatory filing. Politan, run by veteran fund manager Quentin Koffey, has successfully pushed for…

© Reuters. (Reuters) -Citigroup has become the first digital custodian participant of the BondbloX Bond Exchange (BBX), the securities solutions management unit of the global investment bank said on Friday. BBX, which was launched in 2020 to simplify bond investing, is the world’s first fractional bond exchange. The deal will…

© Reuters. The Federal Trade Commission (FTC) announced on Thursday its intention to examine certain patenting strategies used by pharmaceutical companies, which may be contributing to high inhaler costs for patients with asthma and lung conditions. The FTC’s commissioners unanimously endorsed the policy statement, indicating a concern that some companies…