TOKYO (AP) — Asian shares fell in muted trading as markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Sydney, Manila, Bangkok and Hong Kong were among markets observing holidays on Friday. U.S. and European markets also were closed. Shutdowns in major Chinese cities due to coronavirus…
MILAN (Reuters) -The holding company of Italy’s Benetton family and U.S. investment fund Blackstone will spend up to 12.7 billion euros ($14 billion) to buy out other investors in Atlantia and take the airport and motorway operator private. In a statement, the two partners said they would offer 23 euros a share, which represents a…
STOCKHOLM (Reuters) – Sweden’s Ericsson, under fire over its handling of a bribery investigation in Iraq, on Thursday reported a fall in first-quarter core earnings, hurt by a delay in recording a large software contract and a provision related to suspension of business in Russia. The company’s quarterly adjusted operating earnings fell to 4.7 billion…
By Sinead Cruise and Carolina Mandl WASHINGTON/NEW YORK (Reuters) – Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges, according to two people familiar with the matter. The potential windfall is due to the fees that bank…
By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank raised its benchmark rate to the highest since August 2019 on Thursday in a surprise move as it ramped up the fight against rampant inflation, which threatens its economic recovery. In its first ever rate review held without a governor, the bank’s…
