March 10, 2023
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the …
May 2, 2022
Berkshire Hathaway Inc. shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman …
April 29, 2022
Warren Buffett will face pressure to improve Berkshire Hathaway Inc’s environmental and social policies as well as governance when he meets shareholders this weekend, in what investors say is a harbinger of what may come after the 91-year-old billionaire is …
April 27, 2021
SAO PAULO – The first IPO by a Brazilian state-controlled company under President Jair Bolsonaro’s government has emerged as a test of whether his penchant for intervening in the running of state-run firms will dampen investor interest in the Brazilian …
January 29, 2021
SAO PAULO – Brazilian reinsurer IRB Brasil Resseguros rose 18% on Thursday, closing at 7.67 reais, as some Brazilian retail investors mimicked their U.S. counterparts in trying to squeeze short sellers. Rio de Janeiro-based Squadra Investimentos last year uncovered accounting …
March 10, 2020
Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices. Controlling shareholder state bank Caixa Economica Federal had …
January 7, 2020
Brazilian state lender Caixa Economica Federal has chosen the bank syndicate that will manage the initial public offering (IPO) of its insurance unit, three sources with knowledge of the matter said. Morgan Stanley will lead a 10-bank syndicate including the …
September 20, 2019
France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on Thursday. Earlier on Thursday, Reuters reported …
April 1, 2019
Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday [March 29]. This strategy is part of Caixa’s plan to raise …