By Valentina Za and Tommy Reggiori Wilkes MILAN/LONDON (Reuters) -Rome’s determination to have a say in the reshaping of Italy’s financial sector has made things increasingly unpredictable for investors who have waited years for consolidation of the country’s fragmented banking landscape. UniCredit and its CEO Andrea Orcel are locked in a standoff with the Italian government over the bank’ ...
Investing.com -- Shares of Douglas Elliman Inc. (NYSE:DOUG) surged 26.2% following a Bloomberg report that the real estate brokerage, which has been grappling with legal challenges from lawsuits involving two former top agents, received a merger proposal from Anywhere Real Estate Inc. (NYSE:HOUS), potentially valuing the company at roughly double its current stock price.The report, citing source ...
Investing.com -- Fast Track Group started trading on the Nasdaq Capital Market today, with shares opening at $3.89, below the initial public offering (IPO) price of $4. The entertainment-focused event management and celebrity agency company listed its ordinary shares under the symbol "FTRK."Yesterday, Fast Track Group announced the pricing for its IPO. The company offered 3,750,000 ordinary shares ...
(Reuters) -Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation, following Moody’s downgrade of the U.S. sovereign credit rating. According to LSEG Lipper, global equity funds saw $9.4 billion in net outflows, a sharp reversal from more than $20 billion ...