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 …
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(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 Reutersby ReutersLONDON – 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 …
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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 Pressby DOJ PressCOUNCIL 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 Reutersby Reuters(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 Reutersby ReutersBy 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, …
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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 Reutersby Reuters(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 Reutersby ReutersBy 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 …
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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 Reutersby ReutersBy 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 Reutersby ReutersGENOA -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 …
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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 Reutersby Reuters(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 Reutersby ReutersBy 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 Reutersby ReutersBERLIN -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 Reutersby ReutersBy 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 …
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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 …
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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 Reutersby ReutersBy 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 Reutersby Reuters(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 Reutersby ReutersFRANKFURT – 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 Reutersby ReutersBERLIN – 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 Reutersby ReutersBy 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 …