Reuters - Daily Investor Update

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Monday, July 17, 2017

Landis+Gyr set to opt for IPO over straight sale of company: sources

ZURICH/FRANKFURT (Reuters) - Landis+Gyr is almost certain to opt for a planned public listing of its shares instead of a straight sale of the company, three sources familiar with the matter told Reuters.

World shares hit record as strong China data lifts copper

NEW YORK (Reuters) - A gauge of world stocks hit a record high on Monday while copper prices surged to their highest levels in more than four months after robust growth data in China.

BNY Mellon names former Visa CEO to top job

(Reuters) - Bank of New York Mellon Corp on Monday said former Visa chief executive Charles Scharf will take the top job at the world's largest custody bank, where he will focus on boosting organic growth.

Barclays 2008 Qatar fundraising trial set for Jan 2019

LONDON (Reuters) - The trial of Barclays and four former top executives charged with fraud over undisclosed payments to Qatari investors as part of a 12 billion pound ($15 billion) emergency fundraising during the 2008 financial crisis has been set for January 9 2019, a judge said on Monday.

UK senior lawmakers call on government to release Toyota investment reassurances

LONDON (Reuters) - The British government should reveal what post-Brexit reassurances it offered Japanese carmaker Toyota ahead of a 240-million pound ($313 million) investment in its English car plant, two parliamentary committees said on Monday.

Low-fee BlackRock funds reel in cash but earnings disappoint

NEW YORK (Reuters) - BlackRock Inc's second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down 3 percent.

Trian launches public fight to add Peltz to P&G's board

(Reuters) - Activist fund Trian Fund Management LP launched its public push for changes at Procter & Gamble Co on Monday, nominating its Chief Executive Officer Nelson Peltz to the board in a bid to press for more drastic steps to revive sales and profits.

ECB eyes review of Deutsche Bank shareholders: source

FRANKFURT (Reuters) - Europe's top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche Bank's two largest shareholders, a regulatory source said on Monday.

Credit Suisse CEO flags start of work on 2018-2020 plan

ZURICH (Reuters) - Credit Suisse begins work this month on planning for its strategic priorities beyond the Swiss bank's current set of targets, Chief Executive Tidjane Thiam said in a memo to staff.

German finance ministry notes possible ECB review of Deutsche shareholders, declines further comment

BERLIN (Reuters) - The German finance ministry has taken notice of reports that the European Central Bank was considering a review of Deutsche Bank's two largest shareholders, a spokeswoman said on Monday, declining further comment.