Category: Reuters
-
Bain Capital invests $250 million in business services firm Sikich By Reuters
•
Written by David French (Reuters) – Bain Capital said on Thursday it is taking a $250 million minority stake in business services company Sikich, which plans to use the investment to fund its expansion plans. The private equity firm is the first outside investor in Chicago-based Sikich, which was founded…
-
Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide By Reuters
•
Written by Brigid Riley TOKYO (Reuters) – The dollar was mostly steady on Thursday as traders kept their nerve ahead of next week’s U.S. inflation data and what it could portend for Federal Reserve (US central bank) policy, while hawkish views from members of the Bank of Japan helped the…
-
Explainer-Why the US is stopping some bomb shipments to Israel By Reuters
•
THE HAGUE/WASHINGTON (Reuters) – The United States has suspended a shipment of weapons to Israel, including heavy bombs used by the US ally in its campaign against Hamas militants in Gaza that has killed more than 34,000 Palestinians. The comment comes at a time when Israeli Prime Minister Benjamin Netanyahu…
-
Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
•
Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
-
Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
•
Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…
-
TON takes off on Telegram tie-up By Reuters
•
Written by Elizabeth Howcroft (Reuters) – The value of a coin called TON has jumped in recent months, as investors bet that its integration with messaging service Telegram could bring the cryptocurrency to the app’s estimated 900 million users. Telegram endorsed TON in September last year, saying that the blockchain…
-
Russian court says US soldier charged with theft causing ‘significant’ damage By Reuters
•
MOSCOW (Reuters) – U.S. soldier Gordon Black, detained in the Russian city of Vladivostok until July 2, is accused of theft and causing serious damage, a Russian court said. The detention of Black, who the Pentagon said traveled to Russia without authorization, represents another diplomatic headache for the United States,…
-
Dollar gains ground; subdued yen prompts Japan warning By Reuters
•
Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…
-
BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
•
Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…
-
US paused shipment of weapons to Israel to head off Rafah invasion-official By Reuters
•
Written by Mike Stone, Steve Holland and Phil Stewart WASHINGTON (Reuters) – The administration of US President Joe Biden halted an arms shipment to Israel last week in objection to apparent moves by the Israelis to invade the city of Rafah in the southern Gaza Strip, a senior US administration…
-
Brazil’s Carrefour swings to profit in first quarter By Reuters
•
SAO PAULO (Reuters) – Carrefour Brazil, controlled by France Carrefour (EPA:) announced net profits of 39 million riyals ($7.7 million) for the first quarter, offsetting losses in the same period last year, as rising food inflation pushed up its profits. On an adjusted basis, it also returned to the black…
-
Rapper Drake’s Toronto mansion guard wounded in overnight shooting By Reuters
•
By Ismail Shakil OTTAWA (Reuters) – A security guard was seriously injured in a shooting at Canadian rapper Drake’s mansion in Toronto early Tuesday, police said, without confirming whether the five-time Grammy Award-winning singer was in the home during the incident. Police said the shooting occurred around 2 a.m. (0600…
-
TikTok, ByteDance sue to block US law seeking sale or ban of app By Reuters
•
Written by David Shepardson WASHINGTON (Reuters) – TikTok and its Chinese parent company ByteDance said on Tuesday they had filed suit in a U.S. federal court seeking to block a law signed by President Joe Biden that would force the short-video app used by 170 million Americans to be withdrawn…
-
Japan warns of action over rapid currency moves By Reuters
•
Written by Satoshi Sugiyama and Laika Kihara TOKYO (Reuters) – Japan may have to take action against any disorderly foreign exchange movements due to speculation, the Japanese government’s top currency diplomat Masato Kanda said on Tuesday, strengthening Tokyo’s readiness to intervene again to support the fragile yen. In a sign…
-
Italian shoemaker Tod’s to court US lovers of quiet luxury By Reuters
•
Written by Elisa Anzolin and Valentina Za MILAN (Reuters) – An LVMH-backed investment firm is betting that demand from wealthy Americans for quiet luxury will ensure its 510 million euros ($545 million) stake in Italian shoemaker Tod generates the double-digit returns typically sought by private equity. L Catterton, set up…
-
How Modi’s BJP plans to win a supermajority in India’s election By Reuters
•
Written by Rupam Jain and Tora Agarwala BARPETA/THIRUVANANTHPURAM, India (Reuters) – As voting begins in India’s six-week general election, Narendra Modi’s image adorns everything from rice packets distributed to the poor to large posters in cities and towns. His Bharatiya Janata Party is counting on the Prime Minister’s popularity as…
-
Federal judge sends FedEx contractor’s racketeering claim to arbitration By Reuters
•
LOS ANGELES (Reuters) – A federal judge ruled on Monday that a small company contracted to deliver packages for FedEx (NYSE:) on the California-Oregon border must go to arbitration with FedEx over claims it made against the company for extortion and other alleged legal violations. . In granting FedEx Ground’s…
-
China’s Xi backs Macron call for global Olympic truce By Reuters
•
Written by John Irish and Elizabeth Pineau PARIS (Reuters) – Chinese President Xi Jinping on Monday called for a global truce during the Paris Olympics this summer after the French president and the head of the European Commission urged him to use his influence over Russia to end its war…
-
Trump Media dismisses auditor BF Borgers amid SEC fraud charges By Reuters
•
(Reuters) – The media and technology company owned by former US President Donald Trump said it replaced its auditor, BF Borgers, after the US Securities and Exchange Commission accused the accounting firm of committing “large-scale fraud” on Friday. Trump Media and Technology Group said in a filing with the Securities…