Possible Biden Appointee to Retire as CEO of TIAA Finance Firm
Roger Ferguson, TIAA's long-serving chief executive and one of Wall Street's most-prominent Black executives, has emerged as a top contender for a cabinet role in the Biden administration.
BOJ Gov Kuroda: Will Continue to Buy ETFs for Time Being
Bank of Japan Gov. Haruhiko Kuroda said Wednesday that the central bank would continue to buy exchange-traded stock funds for now to keep the markets stable amid the pandemic.
Deutsche Boerse to Buy 80% Stake in Proxy Adviser ISS
Deutsche Boerse said it agreed to buy a roughly 80% stake in Institutional Shareholder Services Inc. in a deal that values the proxy-advisory firm at $2.275 billion.
Union Square Ventures Plans its First Climate Tech Fund
Union Square Ventures is raising its first climate-tech focused venture fund, according to people familiar with the situation. The move is an indication that climate tech is gaining new support in the venture industry after largely falling out of favor about a decade ago.
Falling 'Real' Yields Drive Investors to Junk Bonds
Investors are pointing to one key factor lurking beneath a recent rally in U.S. speculative-grade bonds: falling real yields, which are driving those in search of higher returns to the high-yield market.
China's Future Capital Raises $187 Million Fund to Expand Firm's Tech Investments
China's Future Capital Discovery Fund said it closed its fourth and largest fund, raising $187 million from global investors entirely from virtual roadshows amid deepening consolidation in the country's venture-capital industry.
SEC Looks to Tighten Up on Chinese Firms
Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators.
Fed's Powell Says Rising Coronavirus Cases Pose Threat to Economy
Federal Reserve Chairman Jerome Powell said it was too soon to say how a potential vaccine would influence the economic outlook.
SEC Chairman Urges Corporate Insiders to Avoid Quick Stock Sales
Drug-company executives were allowed to sell stock during announcements of Covid-19 vaccine results.
Sabadell Trades Higher, BBVA Lower as Merger Talks Revealed
Shares in Banco de Sabadell traded higher in opening trade, while its peer Banco Bilbao Vizcaya Argentaria traded down, following news that the two Spanish banks were in talks over a tie-up.
(END) Dow Jones Newswires
11-18-20 0015ET
