New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Southern Copper says Peru mine remains halted despite latest deal to end protests
By Valentine Hilaire (Reuters) – Southern Copper Corp said on Wednesday that its Peruvian mine remains closed after six weeks of a standoff with protesters, accusing Peru’s government of failing to intervene…
New Zealand manufacturing improves a touch in March
WELLINGTON – Manufacturing activity in New Zealand in March improved a tad due to strong new orders and positive employment, a survey showed on Thursday. The Bank of New Zealand-Business NZ’s seasonally…
Activist Litt ends plans to push for board seats at LXP
BOSTON – Shareholder activist Jonathan Litt ended plans to win board seats at LXP Industrial Trust, the company said on Wednesday, less than a week after it suspended plans to explore strategic…
Ferrero asks Americans to dispose of some Kinder products over Salmonella fears
(Reuters) -Ferrero on Tuesday asked U.S. consumers to dispose of some Kinder chocolate products not authorized for distribution in the country, warning they could be from the batch recently recalled in Europe…
American Financial Resources Introduces New eCASH Home Financing Program
AFR is Piloting Its New All-Cash Offer Program in New Jersey, Florida, and Texas Before a National Rollout PARSIPPANY, N.J., April 12, 2022 — American Financial Resources, Inc. (AFR) is pleased to announce…
Russia’s LNG plans face rethink after EU sanctions on equipment -analysts
(Reuters) – Russia will need to rethink its aim of a 20% share of the global LNG market after EU sanctions targeted equipment it needs to expand production, analysts said. Russia had…
Dubai utility DEWA rises 20% above IPO price
DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest since Saudi…
U.S. surpasses Germany as top Swiss export market as pharma booms
ZURICH – The United States overtook Germany as Switzerland’s biggest export market last year, mainly thanks to strong growth in chemical and pharmaceutical products over the last two decades, the Swiss customs…
Indonesia’s GoTo falls as low as 3.14% on 2nd day of trading
JAKARTA – Shares of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia fell as much as 3.14% on its second day of trading on Tuesday, after raising $1.1 billion in an initial…
BoK to pause in April but rates to go up every quarter – Reuters poll
By Shaloo Shrivastava BENGALURU – The Bank of Korea is likely to stand pat at its meeting this week as its committee awaits the appointment of a new governor, but it will…
Pendal says Perpetual’s offer significantly undervalues investment manager
(Reuters) -Pendal Group Ltd said on Tuesday the A$2.40 billion ($1.78 billion) non-binding takeover offer from asset manager Perpetual Ltd “significantly undervalued” the Australian investment manager. The A$6.23 per share offer for…
Sachem Head cuts director slate to 5 in US Foods board battle
By Svea Herbst-Bayliss BOSTON -Activist investment firm Sachem Head on Monday cut its slate of director nominees at US Foods Holding Co to five from seven, backing away from plans to try…
Traders reroute coffee bound to Russia, demand hit from war seen
By Marcelo Teixeira BOSTON – Traders are diverting coffee shipments that were initially expected to go to Russia, and some have stopped selling to that market altogether, attendees at a U.S. coffee…
Nepal restricts imports to save cash, suspends cenbank governor
By Gopal Sharma KATHMANDU -Nepal is tightening imports of cars, gold and cosmetics as its foreign exchange reserves have fallen, a central bank official said on Monday, after the government suspended the…
China’s Zhihu starts Hong Kong dual primary listing
By Scott Murdoch HONG KONG – Chinese question-and-answer website Zhihu Inc opened its bookbuilding process on Monday to raise $133 million in a dual primary listing in Hong Kong, according to its…
China developer Zhenro defaults on interest payments for two offshore bonds
HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months due to the lockdown in Shanghai, but…
British finance minister Sunak requests review of his financial declarations
(Reuters) – Britain’s finance minister Rishi Sunak said on Sunday he had asked Prime Minister Boris Johnson for a review to determine whether he had stuck to the rules on ministerial declarations…
S.Korea’s president-elect nominates conservative lawmaker as finance chief
By Hyonhee Shin and Cynthia Kim SEOUL -South Korea’s incoming President Yoon Suk-yeol on Sunday named Choo Kyung-ho to be deputy prime minister and finance minister, as the country seeks to tackle…
Exclusive-Buyout firms GTCR, CD&R circle Merit Medical -sources
By Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. medical device manufacturer Merit Medical Systems Inc,…
How to prepare for the financial hit of long COVID
By Chris Taylor NEW YORK -When Nicole Flecchia contracted COVID-19 in January of 2021, the University of Rhode Island grad student figured she might be looking at a few days or weeks…
Ex-Goldman executive banned from banking over mishandling of documents, Fed says
(Reuters) -A former Goldman Sachs <GS.N> managing director has been permanently barred from the banking industry over mishandling confidential documents leaked from the New York Federal Reserve, the U.S. central bank said…
China issues draft financial stability law to prevent systemic risks
SHANGHAI – China on Wednesday issued a draft law on financial stability in a bid to further strengthen safety nets to prevent systemic financial risks in the world’s second biggest economy. China…
Australia’s Virtus Health considers revised bid from BGH in takeover battle with CapVest
By Riya Sharma and Sameer Manekar (Reuters) – Australian fertility services provider Virtus Health said on Wednesday it will consider a revised buyout offer from minority owner BGH Capital, weeks after it…
Ann Sarnoff to leave WarnerMedia – NYT
(Reuters) – Ann Sarnoff, the chief executive officer of WarnerMedia Studios and Networks Group, will leave the company, the New York Times reported on Tuesday, citing people briefed on the matter. The…
U.S. accounting watchdog sanctions KPMG’s ex-vice chair of audit
By Chris Prentice and Susan Heavey WASHINGTON -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has sanctioned KPMG LLP’s former vice chair of audit for his role in a…
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