(Reuters) – Australian Wealth Manager AMP Ltd said on Tuesday it was in talks with multiple parties, including real estate firm Dexus, regarding a potential sale of the assets and businesses of Collimate Capital, formerly known as AMP Capital. (Reporting by Tejaswi Marthi in Bengaluru; Editing by Krishna Chandra Eluri)
WASHINGTON (AP) — Treasury Secretary Janet Yellen plans to meet with Ukrainian Prime Minister Denys Shmyhal during this week’s big meetings of global economic leaders in Washington — but she’ll be trying to avoid most contact with Russian officials who plan to attend some portions of the event virtually. The Russian invasion of Ukraine —…
By Lucy Craymer WELLINGTON (Reuters) – The Reserve Bank of New Zealand said committee policy is currently weighted toward containing inflation expectations and expects to put into effect more interest rate increases in coming quarters. “If you go too slow, it’s inflation expectations that will get away from us and at the moment the balance…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department has secured a settlement with United Parcel Service Inc to resolve immigration-related discrimination claims in a civil action against the package delivery company, the agency said on Monday. “The settlement resolves the department’s claims that UPS violated the Immigration and Nationality Act when it discriminated against…
By Pete Schroeder WASHINGTON (Reuters) – Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness…
(Reuters) -Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted https://twitter.com/elonmusk/status/1516056299376623626 in response to…
By Pete Schroeder WASHINGTON (Reuters) -Wall Street was slightly higher Monday afternoon in bumpy trading, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness in China’s latest economic…
By Sruthi Shankar and David French (Reuters) – U.S. stocks moved into positive territory in early afternoon trading on Monday, as a profit beat from Bank of America rounded out earnings season for the big Wall Street banks and added further momentum to financial stocks. The upward swing reversed earlier declines caused by bond yields…
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher. The deal has an enterprise value of 865 million reais ($184.2 million), Tupy said…
WASHINGTON (Reuters) -The U.S. Securities and Exchange commission (SEC) says it has charged 16 defendants with participating in multiyear penny stock schemes that generated more than $194 million in illicit proceeds. The defendants, which include 15 individuals and one company, are located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco,…
