Wednesday 22 September 2021

Reuters Global Investor: India may let foreign investors buy up to 20% in LIC IPO- source

India may let foreign investors buy up to 20% in LIC IPO- source

The Indian government is considering allowing foreign institutional investors to buy up to 20% of state-owned Life Insurance Corporation's initial public offering, a government source said on Wednesday.

Vanguard says it supported more environmental and social resolutions

Vanguard Group Inc said on Tuesday it supported environmental and socially focused shareholder resolutions 20% of the time this year, up from 6% in 2020, as climate change and diversity matters drew more focus at corporate annual meetings.

BlackRock, HSBC among largest buyers of Evergrande debt: Morningstar

Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows.

Florida pension leader says on track to restrict Unilever

Florida's top pension investment officer said on Tuesday he expects the state will restrict purchases of Unilever PLC assets starting in late October after the company's Ben & Jerry's brand halted sales in the Israeli-occupied West Bank.

Japan's MUFG to exit U.S. retail banking in $8 bln deal with U.S. Bancorp

Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders.

Investors grappling with Evergrande fallout weigh risk of wider pain

Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world.

Cryptocurrencies post 5th straight week of inflows -CoinShares

Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday.

BofA names three bankers to drive financials-focused investment banking -memo

Bank of America Corp has named three bankers to head its global financial institutions investment banking business, according to a company memo seen by Reuters on Monday.

U.S. SEC warns investors of risks from certain Chinese business entities

The U.S. Securities and Exchange Commission (SEC) on Monday issued its latest warning to people looking to invest in Chinese companies listed in the United States.

Coinbase scraps plans for crypto lending program

Coinbase Global Inc has scrapped its plan to launch an interest-yielding USD Coin (USDC) lending program, the cryptocurrency exchange said in a blog post.

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