(Reuters) – Australia’s Ramsay Health Care and a consortium led by KKR & Co will cease discussions on a non-binding buyout proposal, the hospital operator said on Monday. The consortium had said earlier this month it will not improve its $14.5 billion cash-and-stock offer for Ramsay. (Reporting by Harish Sridharan in Bengaluru; editing by Diane…
(Reuters) – A right-wing alliance led by Giorgia Meloni’s Brothers of Italy party looks set to win a clear majority in the next parliament, exit polls said on Sunday after voting ended in an Italian national election. Here is a list of companies that could be affected by the outcome of the election. BANKS —–…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Expect an ugly open to Asian markets on Monday as investors try to shield themselves from the fallout from the widespread selling that battered stocks, bonds, and currencies on Friday. The historic rout in UK bonds and sterling took center stage…
WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Sunday he still believes the central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history…there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic said…
By Allison Lampert (Reuters) – The union for Sunwing Airlines pilots said it is urging Canada’s government to stop a plan by the Ontario-based leisure carrier to hire foreign pilots this winter to help cope with an expected holiday travel surge. Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is…
By Giulio Piovaccari and Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the matter said. Intel’s investment in Italy is part of a wider plan…
By Scott Murdoch HONG KONG (Reuters) – Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter. While that is less than the $1.03 billion the…
(Reuters) – Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after…
By Davide Barbuscia and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. Signs of extraordinary times were everywhere. The Federal Reserve delivered its third straight seventy-five basis…
By Anshuman Daga and Xinghui Kok SINGAPORE (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had…
