Edition:
India

Bharath ManjeshR

BlackRock profit beats Street estimates as markets rebound

18 Jul 2020

BlackRock Inc's results topped Wall Street estimates on Friday, helped by investors flocking to the world's largest asset manager's bond funds in the second quarter as global financial markets rebounded strongly from a COVID-sparked brutal selloff in March. | Video

UPDATE 1-SoftBank-backed Lemonade opens strong in U.S. market debut

02 Jul 2020

July 2 Shares of SoftBank-backed insurance startup Lemonade Inc surged 73% in their market debut on Thursday, capitalizing on the rebound in U.S. investor demand for new listings following the coronavirus outbreak.

Dun & Bradstreet shares rally in U.S. market debut

02 Jul 2020

Shares of U.S. business analytics firm Dun & Bradstreet Holdings Inc ended trading up 15% in their market debut on Wednesday, riding on the back of a recent recovery in investor appetite for new stocks.

As pandemic roils Canada, companies tap bond market by most in a decade

14 Jun 2020

BENGALURU/TORONTO Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade.

Wells Fargo gets federal inquiries over handling of PPP loans

06 May 2020

U.S. agencies are probing Wells Fargo & Co's handling of the Paycheck Protection Program (PPP) for coronavirus relief, the country's fourth largest lender said on Tuesday.

Morgan Stanley CEO: coronavirus will continue to pose challenges

17 Apr 2020

Morgan Stanley Chief Executive Officer James Gorman told shareholders on Thursday he "can promise" the bank will miss its medium-term financial targets again in the current quarter, as the economic shutdown caused by the novel coronavirus will continue to upend the global and U.S. economy. | Video

UPDATE 3-Morgan Stanley profit plunges, warns of more pain ahead

16 Apr 2020

April 16 Morgan Stanley Chief Executive Officer James Gorman warned that the bank would take "longer to achieve" its medium-term financial targets due to the coronavirus crisis, after its first-quarter profit slumped by 30%.

Slack shares slump on soft outlook, slower growth

13 Mar 2020

Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.

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