Industry News

Fiera Capital Broaden offering with emerging and frontier market strategies Deliver adjusted earnings per share accretion. MONTREAL and LONDON, United Kingdom, Sept. 30, 2016/ CNW Telbec/- Fiera Capital Corporation, a leading independent asset management firm, announced today that an agreement has been reached on the terms of a recommended cash transaction comprising an offer by Fiera Capital to acquire the entire share capital of..."/>
Fiera Capital makes an offer to acquire London-based Charlemagne Capital Limited
FXCM Inc., a leading online provider of foreign exchange trading and related services, today announced that it has agreed to sell DailyFX, its news and research website to IG Group, a global leader in online trading, for a price of $40 million. Subject to IG final approval and customary closing conditions, the transaction is expected to close by the end of October.. Upon completion, IG will receive the entire DailyFX business including all international and..."/>
FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million
Fiera Capital Broaden offering with emerging and frontier market strategies Deliver adjusted earnings per share accretion. MONTREAL and LONDON, United Kingdom, Sept. 30, 2016/ PRNewswire/- Fiera Capital Corporation, a leading independent asset management firm, announced today that an agreement has been reached on the terms of a recommended cash transaction comprising an offer by Fiera Capital to acquire the entire share capital of..."/>
Fiera Capital makes an offer to acquire London-based Charlemagne Capital Limited
FXCM Inc./ FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement."/>
FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million
Boston Herald The Ticker column [Boston Herald]
Religare Enterprises Ltd, plans to raise Rs650 crore through a sale of stock to existing shareholders to boost its capital adequacy ratio, two people close to the development said. The so-called rights issue comes against the backdrop of the company writing off its large exposure to ABG Shipyard Ltd. The exposure is estimated at Rs180 crore. Religare Finvest has a capital adequacy ratio of below 10%."/>
Religare Finvest plans to raise Rs650 crore through rights issue [Mint, New Delhi]
Ujjivan Financial Services Ltd, which plans to start small finance bank operations by the first quarter of the next calendar year, on Wednesday said it would reduce borrowing costs by 0.75% with effect from 1 October. This is the second interest reduction by the company in past one year. Ujjivan's interest rate stands at 22%."/>
Ujjivan Financial Services to reduce borrowing costs by 0.75% from 1 October [Mint, New Delhi]
United Breweries Ltd chairman Vijay Mallya, at the centre of a money laundering probe, told shareholders on Thursday he was confident that charges against him will be dropped, hours after the company posted an over-13-fold rise in net profit. Net profit at United Breweries, India's largest brewer, rose to Rs.29.47 crore in the June quarter from Rs.2.16 crore in the same period a year ago, a BSE filing showed. The embattled business tycoon told the annual general..."/>
Vijay Mallya confident of judicial relief in pending cases [Mint, New Delhi]
Has Opec kicked the can down the road again? [Mint, New Delhi]
Costco Wholesale, which Thursday reported fourth-quarter and fiscal year earnings that beat Wall Street forecasts, said its recent switch from longtime partner American Express to Citigroup and Visa is exceeding the company's expectations despite a rocky start. The switch, which took place June 20, meant the warehouse giant went from accepting only American Express credit cards to accepting only Visa credit cards in all its U.S. locations. Citi became the exclusive..."/>
Costco narrowly tops profit estimates [The Seattle Times]
Talen Energy by the end of this year, believes it can cut $100 million a year in expenses from the Allentown power generation company. The information is included in a summary of a presentation the company made to lenders Thursday that it filed with the Securities and Exchange Commission in advance of a scheduled Oct. 6 vote by shareholders on the deal. Riverstone's "operational strategy"..."/>
Riverstone reveals plans to cut $100M in costs at Talen Energy [The Morning Call (Allentown, Pa.)]
Progressive Corp. said Thursday it plans to hire 127 people for its Colorado Springs call center and information technology operation by year's end as part of a nationwide hiring effort. The Ohio-based company, which employs 2,000 in the Springs, wants to 110 openings in its call center, 16 in its local information technology operation and one in human resources. The company is trying to fill 1,300 openings in information technology in Colorado Springs..."/>
Progressive insurance hiring 127 in Colorado Springs [The Gazette (Colorado Springs, Colo.)]
Riverview Bancorp, Inc. and Merchants Bancorp."/>
Riverview Bank to purchase Gresham-based MBank [The Columbian, Vancouver, Wash.]
Standard Chartered Bank Co Ltd announced on Thursday the launch of direct trading business for Chinese currency with the UAE dirham and Saudi riyal and claimed that it became the first batch of direct trading market-makers for yuan against the two Gulf currencies in China's inter-bank forex market. Last week, China agreed to establish a direct trading pair between yuan, also called RMB, and the two Gulf currencies effective from September 26.."/>
StanChart launches dirham-yuan direct trading [Khaleej Times, Dubai, United Arab Emirates]

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