News

Shares of Mexican bank Grupo Financiero Banorte fell more than 8 percent on Monday on uncertainty over a bill in Congress that would cut bank commissions.

Administrators of some of the country's largest public pension funds have decided they are interested in sustainable investing - and the financial industry is listening. Investing with a focus on environmental, social and governance issues - known as ESG - now amounts to $12 trillion in the...

Citron Research's Andrew Left, one of the most prominent short-sellers on Wall Street, is bearish on Canadian cannabis producers such as Tilray Inc , despite big gains last week, as he expects them to be overtaken by U.S. rivals once recreational marijuana is legalized in the United States, he told...

* Infineon drops despite robust update (Adds details, closing prices)

* Italian banks to buy 320 mln euros of subordinated bonds (Updates with Carige confirmation of 400 mln euro capital plan)

South African investment house Brait SE reported a fall in net asset value for the first half of its financial year, weighed down by a tough trading environment in both South Africa and the United Kingdom.

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Italian mid-tier lender Banca Carige said on Monday it had approved capital-strengthening measures totalling 400 million euros ($450 million), including the issue of a subordinated bond which is convertible into shares.

The United States is not too concerned by Europe's idea for a special purpose vehicle (SPV) to circumvent U.S. sanctions with Iran as companies are withdrawing from the country in droves, the senior official for financial intelligence said.

* Deal text is done, but May faces lots of opposition (Edits, adds Spanish PM, German finance minister, other details)