By Xie Yu HONG KONG (Reuters) – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement, after a five-month hiatus in top leadership at the fund that was hit hard by China’s property sector debt crisis. Raymond Lin Gui will…
In 10 days, Tesla CEO Elon Musk has gone from popular Twitter contributor and critic to the company’s largest individual shareholder to a would-be owner of the social platform — a whirlwind of activity that could change the service dramatically given the sometimes whimsical billionaire’s self-identification as a free-speech absolutist. Twitter revealed in a securities…
(Reuters) – Billionaire Elon Musk has offered to buy Twitter for $54.20 per share in cash. (Reporting by Chavi Mehta in Bengaluru; Editing by Anil D’Silva)
By Simon Jessop LONDON (Reuters) – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently. It was the first time BlackRock, the world’s…
WASHINGTON (Reuters) – U.S. President Joe Biden travels to North Carolina on Thursday to promote his efforts to strengthen supply chains as he seeks to accelerate American production of semiconductors and ease dependence on foreign makers. Biden will go to Greensboro, North Carolina, to visit North Carolina Agricultural and Technical State University and apply pressure…
TOKYO (Reuters) – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant only able to pass on some of those increases to its customers, the CEO said. “We are able to pass on costs to some…
The head of the European Central Bank reiterated Thursday that the bank would raise interest rates “some time after” ending its pandemic stimulus efforts later this year, sticking to a gradual path even as the United States, United Kingdom and other countries take a harder line to combat soaring consumer prices. People in the 19…
MILAN (Reuters) – Shares in Atlantia rose more than 5% on Thursday after Italy’s Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and motorway operator and take it private. The offer’s price of 23 euros a share represents a premium of 36.3% over the Atlantia’s share…
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom provider Ericsson said on Thursday it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq and reported a slide in quarterly earnings due to its suspension of business in Russia. The company disclosed in February that an internal investigation had found…
By Mohi Narayan NEW DELHI -Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.14, or 1.1%, at $107.64 a barrel, while U.S. West Texas Intermediate futures were off $1.32, or 1.3%,…
