News Highlights: Top Company News of the Day
14 Dezembro 2017 - 10:30AM
Dow Jones News
South Africa's Sibanye Doubles Down on Platinum With Lonmin Buy
Sibanye said it had agreed to buy London-listed miner Lonmin for
$380 million, the latest in string of deals that have reshaped the
South African company into the world's No. 2 platinum producer.
UBS Names New Wealth-Management Chief
UBS appointed a new chief for its $1.1 trillion international
wealth-management unit, a division that has been a key driver of
the bank's earnings but faces competition from rivals including
Credit Suisse.
Wells Fargo Trims Staff in Its Giant Mortgage Unit
Wells Fargo laid off about 60 employees in its mortgage division
as the bank continues to reshuffle parts of its business following
heightened regulatory scrutiny.
Warburg Pincus Group Invests $780 Million in Texas Shale Startup
A group led by Warburg Pincus agreed to invest $780 million in
an oil-exploration company, one of the largest private equity
investments in a shale startup.
China's Tech Startup Funding: The Wild West in the Far East
David Su's Matrix Partners China has nurtured 20
unicorns-startups valued at $1 billion or more. But he's anxious
that there's now too much capital chasing too few worthy ideas.
Canada's CEOs Warn Government on Trade Policy
Canada's most prominent business leaders are 'deeply concerned'
by setbacks to diversify trade in Asia in the face of uncertainty
over Nafta, according to a letter their lobbyist sent to Finance
Minister Bill Morneau.
Australian Regulator Deepens Compliance Case Against Commonwealth Bank
Commonwealth Bank of Australia faces fresh allegations of failed
compliance that the country's financial-intelligence agency claims
links bank accounts with money laundering by crime syndicates and
drug dealers, and customers suspected of financing terrorism.
China Firms Ditch Bonds for Banks in Search for Funds
Chinese companies are turning away from capital markets and
heading back to state-owned banks to raise cash, in a reversal of
Beijing's previous efforts to modernize the way the corporate
sector in the world's No. 2 economy is funded.
China's LexinFintech Shrinks IPO Fundraising Goal
LexinFintech, a Chinese online lender that is planning to go
public in the U.S., scaled back its fundraising ambitions after
regulatory changes in China sparked a rout in shares of similar
companies.
Santander to Buy Deutsche Unit in Poland
Santander and its Polish subsidiary said that they have agreed
to acquire Deutsche Bank's retail and private banking business in
Poland for EUR305 million.
(END) Dow Jones Newswires
December 14, 2017 07:15 ET (12:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.