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Levi Strauss valued at $6.6 billion as IPO prices above target

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(Reuters) – Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. Jeans trousers are displayed at a Levi Strauss store in New Read More

Foxconn Ventures sells $398.4 million in Alibaba stock: sources

16 hours ago DieselGasoil Comments Off on Foxconn Ventures sells $398.4 million in Alibaba stock: sources
The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. Picture taken July 20, 2018. REUTERS/Aly Song (Reuters) – Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a block trade in the open Read More

'Perfect storm' of tight supply & global demand drives oil prices higher

16 hours ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

German lawmakers challenge deputy finance minister's Goldman link in bank merger

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BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank. FILE PHOTO: Outside view of the Deutsche Bank and the Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Read More

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

2 days ago DieselGasoil Comments Off on U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza
(Reuters) – Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. FILE PHOTO: A waitress issues a receipt at a cafe in Athens, Greece, June 25, 2015. REUTERS/Alkis Konstantinidis The Read More

Goldman Sachs sets targets for Hispanic and black entry-level hires

2 days ago DieselGasoil Comments Off on Goldman Sachs sets targets for Hispanic and black entry-level hires
People enter and exit 200 West Street the Goldman Sachs building in New York City, U.S., March 6, 2019. REUTERS/Brendan McDermid (Reuters) – Goldman Sachs Group Inc is setting targets for hiring minority groups for the first time as it ramps up efforts to diversify its workforce, according to a memo sent by top executives Read More

Wall St. advances ahead of Fed policy meeting

2 days ago DieselGasoil Comments Off on Wall St. advances ahead of Fed policy meeting
NEW YORK (Reuters) – Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s U.S. Federal Reserve meeting for affirmation of its commitment to “patient” monetary policy. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in Read More

U.S. fintech to buy Worldpay as electronic payments business booms

3 days ago DieselGasoil Comments Off on U.S. fintech to buy Worldpay as electronic payments business booms
(Reuters) – U.S. fintech Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, the biggest deal to date in the fast-growing electronic payments industry. FILE PHOTO: A waitress issues a receipt at a cafe in Athens, Greece, June 25, 2015. REUTERS/Alkis Konstantinidis The deal is part of Read More

U.S. manufacturing sector slowing as economy loses momentum

6 days ago DieselGasoil Comments Off on U.S. manufacturing sector slowing as economy loses momentum
WASHINGTON (Reuters) – U.S. manufacturing output fell for a second straight month in February and factory activity in New York state was weaker than expected this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter. FILE PHOTO: Line workers spot weld parts of the frame on the flex Read More

European shares surge after UK parliament votes down no-deal Brexit

7 days ago DieselGasoil Comments Off on European shares surge after UK parliament votes down no-deal Brexit
LONDON (Reuters) – European shares rallied to more than five-month highs on Thursday, boosted by fading risks of a no-deal Brexit and overcoming fears about a possible delay in trade talks between the United States and China. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, Read More