Thursday 28 November 2019

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts

Reuters.com Newsletter

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts

Four years ago, PayPal set out to break the Guinness World Record for the most money raised online for charity in 24 hours.

HSBC private banking sees double-digit asset, revenue growth on Asia boost

The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit's chief executive told Reuters.

Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's largest hedge funds.

Local hero: Florida hotelier Harris Rosen keeps his giving close to home

Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune.

Morgan Stanley fund offer for PNE too low: shareholders group SdK

Morgan Stanley Infrastructure Partners' offer for PNE which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday.

Your Money: Looking For Holiday Buys? Try E-commerce ETFs 

First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - around $730 billion in November and December, according to the National Retail Federation.

U.S. stock funds lose $3.6 billion in week: Lipper

U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper.

Bacon's Moore Capital to return client capital after 30 years

Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, according to a letter sent to investors on Thursday.

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