(Reuters) – Zendesk Inc investor Light Street Capital Management on Monday reaffirmed its decision to vote against the software firm’s $10.2-billion go-private deal with investment firms Hellman & Friedman and Permira. In a letter to the company board, Light Street also asked it to postpone the voting on the deal, which is due Sept. 19….
By Devik Jain and Ankika Biswas (Reuters) -U.S. stock indexes were set to open higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve. The three major U.S. stock indexes snapped a three-week losing streak on Friday, as…
By Samuel Indyk LONDON (Reuters) -European shares jumped on Monday after Ukrainian forces advanced rapidly in Kharkiv province in Russia’s worst setback since its Kyiv push was abandoned in March, while the euro extended its European Central Bank-inspired gains from last week. On Saturday, Moscow abandoned its main bastion in northeastern Ukraine, in a sudden…
BERLIN (AP) — German Chancellor Olaf Scholz made clear Monday that he doesn’t expect an agreement with Iran in the immediate future to restore Tehran’s tattered nuclear deal with world powers, though he said there’s no reason for Iran not to sign up and European countries would remain “patient.” Scholz spoke after meeting in Berlin…
(Reuters) -Twitter Inc said on Monday payments made to a whistleblower did not breach any terms of its $44 billion buyout by Elon Musk, after the world’s richest man cited the move as another reason to scrap the deal. In a letter to Twitter on Friday, lawyers for Musk said Twitter’s failure to seek his…
By Jaskiran Singh (Reuters) – Johnson & Johnson (J&J) has reached a A$300 million ($204.90 million) settlement in two Australian class action suits filed by Shine Lawyers for selling defective pelvic mesh implants to Australian women, the law firm said on Monday. The settlement, which Shine Lawyers said was the largest settlement in a product-liability…
TOKYO (Reuters) -Japanese automaker Nissan will extend its suspension of an assembly plant in Saint Petersberg, Russia, for three months until late December, it said on Monday. “Production is suspended at St Petersburg until the end of December and employees have been informed. We continue to monitor the situation closely and will take actions as…
By Leika Kihara TOKYO (Reuters) – The yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. That is the message from three sources familiar with the thinking of the Bank of Japan (BOJ), and it was strongly implied by the country’s…
BERLIN (Reuters) -Swiss Re said global geopolitical tensions, macroeconomic developments and climate change have heightened demand for risk protection and will lead to increased premiums. The reinsurer plans to further grow its natural catastrophe portfolio, where the market is forecast to grow to $48 billion from $35 billion in the next four years, it said…
BEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday ahead of data traders hope will show surging U.S. inflation eased in August, reducing pressure for more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged lower. Wall Street’s benchmark S&P 500 index gained 1.1% on Monday for its fourth…
