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 …
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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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
A third of Puerto Rico remains in the dark for the second day
(Reuters) – More than a third of all homes and businesses in Puerto Rico remained without power on Friday, the second day of a massive …
Fox News reporter wounded in Ukraine says ‘pretty damn lucky’ to be alive
By Dan Whitcomb (Reuters) – A Fox News correspondent who was wounded in Ukraine during an attack that killed two of his colleagues said on …
U.S. Senate approves Biden pick for Pentagon’s chief weapons buyer
By David Shepardson WASHINGTON -The U.S. Senate on Thursday confirmed President Joe Biden’s pick to be the Pentagon’s chief weapons buyer, a former official for …
U.S. road rage shootings soared during pandemic, gun control group says
By Daniel Trotta (Reuters) – One person was shot on the road in the United States every 17 hours in 2021, according to a new …
U.S. VP Harris’ communications director tests positive for COVID -White House
WASHINGTON – U.S. Vice President Kamala Harris’ communications director tested positive for COVID-19 on Wednesday, the White House said. The director, Jamal Simmons, was in …
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 …
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, …
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 …
Alaska oilfield gas leak estimated at 7.2 million cubic feet
By Yereth Rosen ANCHORAGE, Alaska -More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaskan oilfield, forcing workers …
Bulgaria cuts 2022 growth forecast to 2.6% from 4.8% amid war
SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep …
Verizon unit TracFone reaches $13.4 million U.S. false claims settlement
By David Shepardson WASHINGTON -TracFone Wireless agreed to a $13.4 million settlement to resolve false claims allegations in connection with the Federal Communications Commission’s (FCC) …
VC firm Sequoia Capital names Botha as global leader
(Reuters) – Venture capital giant Sequoia Capital said on Monday Roelof Botha will take on the firm’s global leadership position, stepping into the role of …
Peru suspends some fuel taxes to fight price surge
SANTIAGO -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices …
Aviation agency to probe Delta plane’s windshield shattering mid-flight
(Reuters) -The Federal Aviation Administration will investigate what went wrong when the cockpit windshield of a Delta plane shattered mid-air during a flight on Thursday …
Ukraine’s gold and forex reserves stand at $29 billion, says official
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the …
CEO of Germany’s Cewe ‘massively obstructed’ diversity -board
FRANKFURT – Christian Friege, chief executive of German photo service provider Cewe, obstructed diversity and the appointment of a woman as a board member, the …
Australia’s central bank gets first female deputy governor
SYDNEY -The Australian government on Friday appointed a woman as second in command at the country’s central bank, the first female to hold the position …
Russian invasion, crypto trading drive ‘tail risks’ for U.S. banks -regulator
By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk …
Activision CEO’s meeting with options trader under U.S. probe – WSJ
(Reuters) – U.S. authorities are investigating whether an options trade in Activision Blizzard Inc violated insider-trading laws as it followed a meeting between CEO Bobby …
New Russian airliner will use domestic engines, given sanctions – official
(Reuters) – One of Russia’s flagship airliner projects, the Irkut MS-21, will use domestic engines given that sanctions mean U.S. models are no longer available, …
Oman to use surplus from higher oil prices to reduce public debt
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices …
California pension leader pushes for more women on boards, climate data
By Ross Kerber (Reuters) – One of California’s big pension funds said on Wednesday it will push companies to add more women to their boards …
Mexico finance panel notes risk of credit rating action on sovereign, Pemex
MEXICO CITY – Mexico’s financial stability council said on Wednesday that there is risk of credit rating action on the ratings for the sovereign and …
Maryland lawmakers pass measure expanding abortion access
By Gabriella Borter (Reuters) – Maryland lawmakers have passed a bill to increase and protect abortion access in the state, a proactive move as the …
Billionaire investor launches board fight at Athira, wants CEO replaced
By Svea Herbst-Bayliss BOSTON -Billionaire investor Richard (Ric) Kayne is seeking two board seats at Athira Pharma, arguing the biotech company needs a new chief …
New York man admits to insider trading following takeover tip
By Luc Cohen NEW YORK – A New York City man pleaded guilty on Tuesday to insider trading and tax evasion charges for purchasing securities …
Manulife to open all Canada offices for staffers from April 25 -memo
(Corrects first paragraph to say that return to office is regardless of vaccination status) (Reuters) – Canadian insurer Manulife Financial Corp said on Tuesday that …
Heavy rains in Australia trigger fresh round of flood evacuations
SYDNEY -Heavy rains drenched east Australia on Tuesday, triggering evacuation orders for thousands of flood-weary residents for the second time this month as authorities warned …
Exclusive-Paraguay central bank chief says 2022 inflation seen at 6%, top of tolerance range
By Daniela Desantis ASUNCION – Paraguay will end 2022 with inflation close to 6%, the country’s central bank head told Reuters on Monday, right at …
Orsted sells 50% of British wind farm to French consortium
COPENHAGEN – Denmark’s Orsted said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world’s …
New York state pension fund to divest Russia holdings
By Jonathan Stempel NEW YORK – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings …
Georgia says it will lose over $1 billion because of Ukraine
– Georgia is likely to lose $1.0 billion to $1.2 billion in economic output owing to Russia’s military intervention in Ukraine and fall short of …
Fidelity’s Edward C ‘Ned’ Johnson 3d, who built fund giant, dies at 91
By Ross Kerber BOSTON -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business …
Russia looks for new baby food packaging suppliers as sanctions bite
– Russia is looking for suppliers of packaging for baby food and dairy products due to disruption in supplies caused by the Western sanctions imposed …
Broker TP ICAP shares jump 11% after U.S. hedge fund urges sale
– Shares of the world’s largest inter-dealer broker TP ICAP jumped as much as 11% on Wednesday after U.S. hedge fund Phase 2 Partners asked …
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted …
MacKenzie Scott donates $436 million to Habitat for Humanity, group says
– Billionaire philanthropist MacKenzie Scott has donated $436 million to Habitat for Humanity, which plans to direct the funds toward boosting affordable housing and Black …
Nebraska reports highly lethal bird flu in commercial chicken flock
CHICAGO – The U.S. state of Nebraska reported on Tuesday an outbreak of highly lethal bird flu in a flock of 570,000 chickens being raised …
JPMorgan hires David Miree from Wells Fargo to lead diversity unit – memo
– JPMorgan Chase & Co has named Wells Fargo senior executive David Miree as the global head of diversity, equity and inclusion, according to an …
Apollo Infrastructure fund buys 49% stake in Spain’s Primafrio
By Andres Gonzalez and Isla Binnie MADRID – Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake …