Market News

Shares in Cemex rise after deal announced on German assets

Shares in Mexican cement maker Cemex rose by more than 2 percent in early trade on Tuesday after the company said it had reached an agreement to sell aggregates and ready-mix assets in Germany. (Reporting by Miguel Angel Gutierrez Editing by Dave Graham)

Shares in Mexico's America Movil jump after Brazil purchase

Shares in America Movil rose more than 3.5 percent in early trade on Tuesday after the Mexican telecoms firm said on Monday it would acquire 100 percent of rival Nextel's Brazil operation, strengthening its position in Latin America's biggest economy. (Reporting by Miguel Angel Gutierrez Editing by Dave Graham)

Money

Wealthy millennials boosting the art market

The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday.

JPMorgan backs away from private prison finance

JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.

BlackRock makes case to own more U.S. TIPS

BlackRock, the world's biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising...

BlueMountain names slate for PG&E board

PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the...