Chinese tech giant Tencent Holdings Ltd said a company executive is being investigated by authorities over allegations of "personal corruption", after a media report said the move was linked to sharing of personal data from its popular WeChat app.
UniCredit had been discussing possible MPS deal Treasury official says Orcel ‘well regarded’ in Rome (Adds Santander, Orcel lawyer on lawsuit)
MILAN, Jan 26 (Reuters) - UniCredit is set to name Andrea Orcel as chief executive, a person familiar with the matter said on Tuesday, putting one of Europe’s best-known dealmakers at the helm just as the coronavirus crisis is pushing banks to merge.
Orcel’s nomination would mark a return to the top tier of finance for the Italian, who left his senior investment banking role at UBS in 2018 to run Santander, only for the Spanish bank to rescind the offer in a row over pay.
Shares of red-hot cannabis firms plunged by more than one-third on Thursday, marking another short-lived squeeze of short sellers by retail investors aiming to benefit from an expected push to decriminalize marijuana under U.S. President Joe Biden.
Canada's Inter Pipeline Ltd on Thursday rejected an unsolicited offer from its largest shareholder Brookfield Infrastructure Partners, but its shares jumped as investors bet on an eventual deal.
Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move.