(Reuters) -Twitter Inc on Friday adopted a limited-duration shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk’s $43 billion cash takeover offer. Musk made the bid on Wednesday in a letter to the board of Twitter- the micro-blogging platform that has become a global means of communication for individuals and world leaders –…
(Reuters) – Fears of being targeted by Western sanctions are deterring Russian brokerages from helping Sberbank by hosting its clients’ accounts with foreign stocks holdings, three financial market sources told Reuters. The United States imposed full blocking sanctions on Russia’s largest lender Sberbank and the country’s top private bank Alfa Bank last week, exerting pressure…
By Andrea Shalal and Cassandra Garrison WASHINGTON (Reuters) -The board of governors of the Inter-American Development Bank has approved a resolution to hire an outside firm to investigate allegations that IDB President Mauricio Claver-Carone had an inappropriate relationship with a subordinate, sources familiar with the decision said on Thursday. Some countries were still voting on…
DETROIT (AP) — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more. The result? A widening disparity between the richest buyers and everyone else. The most affluent buyers keep plunking down big money for new…
(Reuters) – The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange rated determined by the market, the bank’s first deputy governor said on Friday. Ksenia Yudayeva said the Russian economy and its financial sector were in good shape before Feb. 24,…
By Simon Evans MANCHESTER (Reuters) – Asset manager Investcorp has entered into exclusive talks to purchase Italian club AC Milan, a source close to the deal told Reuters on Friday. The source said the deal to buy the Serie A club from current owners Elliott Management Corporation was close to being completed. Investcorp, which is…
BEIJING (Reuters) – China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to bolster a sharp slowdown in economic growth. Heightened global risks from the war in Ukraine, widespread COVID-19 lockdowns…
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation could dent economic growth are heading for defensive sectors they believe can better weather turbulent times and tend to offer strong dividends. The healthcare, utilities, consumer staples and real estate sectors have posted gains so…
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden on Friday said he would nominate former Treasury official Michael Barr to be the Federal Reserve’s top regulatory official, replacing Sarah Bloom Raskin who withdrew in March after failing to win the backing of moderate Democrats. Barr, now a professor at the University of Michigan…
TOKYO (AP) — Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Manila, Bangkok and Hong Kong were among Asian markets observing holidays on Friday. U.S. and European markets also were closed. After markets closed, China’s central bank…
