Category: Reuters
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Sony, Apollo await response to $26 billion Paramount bid By Reuters
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By Don Chmielewski (Reuters) – Sony Pictures Entertainment and private equity firm Apollo Global Management (NYSE:) on Wednesday made a $26 billion offer for Paramount Global but had not yet heard back as of Friday, according to a person familiar with the matter. A special committee of Paramount’s board of…
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Yen surges on suspected intervention, 160 seen as key level By Reuters
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Written by Kevin Buckland, Tetsushi Kajimoto, and Gertrude Chavez-Dreyfus TOKYO/NEW YORK (Reuters) – The yen rose against the dollar in the early hours of Asia on Thursday in what traders suspected was another round of intervention by Japanese authorities to halt a sharp decline in the currency, with the 160-point…
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Drugmaker Amneal agrees to $270 million U.S. opioid settlement By Reuters
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Written by Nate Raymond (Reuters) – Amnial Pharmaceuticals (Nasdaq) said on Friday it had reached an agreement worth more than $270 million to settle allegations that it helped fuel the deadly opioid epidemic in the United States, becoming the latest drug company to settle lawsuits over the addiction crisis sparked…
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April US jobs report shows looser labor market, good news for Fed By Reuters
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(Reuters) – U.S. job growth slowed more than expected in April and annual wage gains slowed, signs of a more resilient labor market that are good news for markets and the Federal Reserve, which will likely require more of these signals before shifting from higher policy to higher policy. Longer…
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Adidas plots to swerve Samba slump By Reuters
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Written by Helen Reid LONDON (Reuters) – As Adidas (OTC:) aims to build on growing demand for its black-and-white Samba three-stripe sneakers and multicolored Gazelle sneakers, it is also taking steps to prevent the shoes from becoming a victim of its own success. The German sportswear giant has ramped up…
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Stablecoin Tether steps up monitoring in bid to combat illicit finance By Reuters
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Written by Elizabeth Howcroft LONDON (Reuters) – The world’s largest stablecoin has stepped up monitoring of how its tokens are used in the broader cryptocurrency and payments markets in a bid to combat illicit financing, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the US dollar,…
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Pakistan pushes back deadline for expressions of interest to buy national airline By Reuters
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ISLAMABAD (Reuters) – Pakistan will postpone the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the privatization minister said on Thursday. The extension, announced in a statement by Investment and Privatization Minister Abdul Aleem Khan, came one day before the expression of…
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Yen slightly higher after suspected intervention By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The yen rose slightly on Thursday after a surprise rise late Wednesday that analysts attributed to intervention by Japanese authorities, while the dollar also rose broadly. The yen’s sharp move on Wednesday came during a quiet period for markets after Wall Street…
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Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports By Reuters
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(Reuters) – Chubb, the insurer of the Francis Scott Key Bridge in Baltimore that collapsed in March, is preparing to pay $350 million in damages to the state of Maryland, The Wall Street Journal reported on Thursday. The report said the payment is expected to be approved within weeks, citing…
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European shares slip at open in earnings tide, Fed outcome By Reuters
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(Reuters) – European stocks opened lower on Thursday as investors returned from the midweek holiday to analyze a series of big earnings and the Federal Reserve (US central bank) signaled to postpone interest rate cuts. By 0715 GMT, the euro was down 0.2%, after recording its first monthly decline this…
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Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters
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HONG KONG/LONDON (Reuters) – Standard Chartered on Thursday reported a 5.5 percent rise in first-quarter pre-tax profit, beating estimates, as higher interest rates boosted the emerging markets-focused bank’s profits. Standard Chartered, which generates most of its revenue in Asia, said its pre-tax profit in the quarter was $1.91 billion. That…
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DBS quarterly results trounce forecasts, another record year expected By Reuters
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By Yantultra Ngoy SINGAPORE (Reuters) – Singapore’s largest bank DBS Group (OTC:) on Thursday reported first-quarter results that beat expectations with broad-based growth, and said it expects net profit to surpass last year’s record result. Due to strong business momentum with loans growing and fee income and treasury client sales…
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Dollar/yen nosesdives again as market watches for BOJ intervention By Reuters
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(Reuters) – The dollar fell against the yen late Wednesday afternoon, falling further from 34-year highs two days after traders said Japanese authorities were buying yen to support their currency, which has fallen 11% this year. The USD/JPY suddenly fell more than 3% from its levels late Tuesday, trading as…
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Dollar nears six-month high after pre-Fed data shock, yen steady By Reuters
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By Harry Robertson LONDON (Reuters) – The dollar rose toward its highest level since November on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day after data on Tuesday showed more signs of inflationary pressures in the U.S. economy. Meanwhile, the yen remained steady after falling…
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Dollar near five-month highs ahead of Fed policy decision By Reuters
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Written by Alun John LONDON (Reuters) – The dollar rose towards its highest levels this year against a basket of its counterparts and US stock futures fell on Wednesday ahead of the Federal Reserve’s monetary policy decision, although trading was weak with many European and Asian markets closed. . The…
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GSK raises full-year profit forecast, says first-half will see stronger sales By Reuters
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