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Category:

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  • Financial News

    Britain’s Ted Baker looks to sell itself after takeover interest

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Yadarisa Shabong and Muhammed Husain (Reuters) – Ted Baker is open to selling itself at the right price after seeing a flurry of takeover interest, the British fashion retailer …

  • Financial News

    Global insurers plan to ramp up private equity investments

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    (Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs …

  • Financial News

    Insurer Tokio Marine says Greensill took out policies fraudulently

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    LONDON – Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies …

  • Financial News

    HDFC Bank creates Indian lending behemoth in $40 billion deal

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Nupur Anand and Chris Thomas MUMBAI -India’s largest private lender HDFC Bank is buying its biggest shareholder in a $40 billion deal, the country’s biggest ever, creating a financial …

  • Department of Justice Press Releases

    Omaha Man Sentenced for Travel with Intent to Engage in Illicit Sexual Conduct Offense

    by DOJ Press April 4, 2022
    by DOJ Press April 4, 2022

    COUNCIL BLUFFS, IA – Erasmus Luis Gonzales, age 38, of Omaha, was sentenced Wednesday March 30, 2022, to 46 months in federal prison for Travel with Intent to Engage in …

  • Financial News

    AMD to buy cloud startup Pensando for $1.9 billion in data center push

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    (Reuters) – Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand …

  • Financial News

    Egypt gets Gulf help again as eyes turn to currency flexibility

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Patrick Werr CAIRO – Gulf Arab states are channelling up to $22 billion to Egypt to help it overcome a currency crisis, the third such rescue in a decade, …

  • Financial News

    Wall Street banks predict more inflation pain ahead for Turkey

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    LONDON – Wall Street banks predicted on Monday more price pressures ahead for Turkey after the country reported annual inflation rates climbing to a 20-year high of 61.14% in March. …

  • Financial News

    Russian rouble reverses losses, stocks up as markets eye more Russia-Ukraine talks

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    (Reuters) -The Russian rouble rose on Monday, reversing earlier losses, and the MOEX benchmark stock index climbed to levels last seen before Russia sent thousands of troops into Ukraine, as …

  • Financial News

    Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since …

  • Financial News

    Henkel to continue business in Russia for now

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    BERLIN – Henkel will continue doing business in Russia for the time being, the German consumer goods group’s chairperson said on Monday, adding that the company’s activities in the country …

  • Financial News

    Turkey’s inflation jumps to 20-year high as energy prices surge

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Daren Butler and Ali Kucukgocmen ISTANBUL -Turkey’s annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed on Monday, fuelled by rising energy and commodity …

  • Financial News

    Leonardo CEO says defence spending rise could add to growth estimates

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    GENOA -A potential increase in military spending could add to growth estimates released last month by Italian defence group Leonardo, Chief Executive Alessandro Profumo said on Monday. “We already have …

  • Financial News

    Marketmind:Rhyming but not repeating

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    A look at the day ahead in markets from Saikat Chatterjee Is this 2000? Or 2006 or even 2019? Financial markets in the last two weeks have had analysts reaching …

  • Financial News

    British insurer Aviva becomes second FTSE firm with female CEO, CFO

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    (Reuters) -British insurer Aviva on Monday named Charlotte Jones as its next chief financial officer, saying it has become only the second FTSE 100 firm with a female CEO-CFO duo …

  • Financial News

    EU widens market access for U.S. derivatives clearers and exchanges

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Huw Jones LONDON – The European Union said on Monday it has widened access for U.S. exchanges and clearing houses to investors in the bloc, a move which contrasts …

  • Financial News

    Fraport cannot sell stake in St. Petersburg airport before 2025 – CEO

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    BERLIN -German airport services provider Fraport cannot sell its stake in St. Petersburg airport before 2025, and even then such a sale would be subject to conditions and not necessarily …

  • Financial News

    Spain’s jobs market improves as reforms help offset strike, inflation

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Belén Carreño (Reuters) – Spain’s labour market withstood soaring inflation and a crippling truckers’ strike in March to see a drop in unemployment, data showed on Monday, helped in …

  • Financial News

    Nippon Steel buys majority stakes in two Thai steelmakers

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on …

  • Financial News

    Workday to build Dublin campus to house 1,000 more workers

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    DUBLIN – Workday Inc will add 1,000 jobs at its European headquarters in Dublin over the next two years and construct a 51,000 square metre campus in the capital to …

  • Financial News

    Spectre of inflation threatens Macron’s economic gains as election looms

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second term. Macron was elected in …

  • Financial News

    Square Peg to raise $550 million, bullish on Southeast Asian startups

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    (Corrects spelling of executive’s name in 10th paragraph) By Anshuman Daga SINGAPORE -Australian venture capital firm Square Peg is raising $550 million to expand its commitment to back startups in …

  • Financial News

    Germany faces steep recession if Russian oil and gas halted – banks

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. …

  • Financial News

    Euro zone investor morale slumps to lowest level since July 2020

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a …

  • Financial News

    Ryanair narrows full-year loss forecast, traffic tops pre-pandemic levels

    by Reuters April 4, 2022
    by Reuters April 4, 2022

    By Graham Fahy DUBLIN -Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday as passenger numbers topped pre-pandemic levels for the first time ahead of the key …

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