Canada’s TD Bank will buy US brokerage Cowen in a $1.3 billion deal

The TD Bank logo is seen atop the Toronto Dominion Canada Trust Tower in Toronto, Ontario, Canada March 16, 2017. Picture taken March 16, 2017. REUTERS/Chris Helgren/File Photo Sign up now for FREE unlimited access to Reuters.com Sign up Aug 2 (Reuters) – Canada’s Toronto Dominion Bank ( TD.TO ) will buy New York-based boutique … Read more

Chilean authorities are investigating a mysterious large hole near a copper mine

SANTIAGO, Aug 1 (Reuters) – Chilean authorities on Monday launched an investigation into a mysterious hole about 25 meters (82 feet) in diameter that appeared over the weekend at a mining site in the country’s north. Chilean media showed aerial images of the well on land operated by Canadian copper miner Lundin Mining ( LUN.TO … Read more

The US is considering action against memory chip manufacturers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chip-making equipment to memory chip makers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, as part of a bid to stop China’s semiconductor sector is advancing and protecting American companies. If President … Read more

Stephen King plans to fight for the US government in a case against a mega publishing merger

WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block the $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial expected to testimony from horror writer Stephen King. “This is real money for real people,” said … Read more

HSBC puts on Ping An call, raises payout and profit target

HSBC will return to paying quarterly dividends from 2023 Aims to win investors with a higher return target Says the division of Asian business involves a lot of risk London shares up 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC ( HSBA.L ) rejected a proposal by major shareholder Ping An Insurance Group Co of China … Read more

Shenzhen accelerates China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street, three delivery bikes suddenly dart across the crosswalk in front of the car. On the car dashboard, they look like little 3D blue blocks from a 1990s video game. The steering wheel turns into a notch and the vehicle slows to a gentle stop … Read more

China’s Alibaba seeks to retain New York listing amid audit dispute

The Alibaba Group logo is seen at the New York Stock Exchange in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Sign up Aug 1 (Reuters) – Alibaba Group Holding Ltd ( 9988.HK ) said on Monday it would work to maintain its New … Read more

Oil falls as weak China factory fan calls for concern

SINGAPORE, Aug 1 (Reuters) – Oil prices fell on Monday, as weak production figures from China and Japan for July weighed on the outlook for demand, while investors braced for a meeting of officials from OPEC and other major producers on supply adjustments this week. Brent crude futures were down $1.19, or 1.1%, at $102.78 … Read more