By Saqib Iqbal Ahmed NEW YORK (Reuters) -The yen fell in a choppy session on Wednesday, ceding some of the ground gained the previous day when a surprise policy tweak by the Bank of Japan lifted the Japanese currency by 4% against the dollar. The BOJ decided to change its “yield curve control” policy on…
WASHINGTON (Reuters) – U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates. Existing home sales plunged 7.7% to a seasonally adjusted annual rate of 4.09 million units last month, the lowest level since May 2020, the National Association of Realtors…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Brent crude futures for February delivery were up by $2.23, or 2.8%, at $82.22 a barrel by…
(Reuters) -Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire some theaters owned by now bankrupt Cineworld Group following initial discussions with some lenders. AMC said the earlier talks were focused on the acquisition of certain theater assets of Cineworld in the United States and Europe, which would…
By Jared Higgs, Jasper Ward and Maria Alejandra Cardona NASSAU (Reuters) -Proceedings are set to resume on Wednesday in Sam Bankman-Fried’s Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Officials with the FBI and the…
By Anirban Sen and Pamela Barbaglia NEW YORK/LONDON (Reuters) -Merger and acquisition (M&A) activity globally fell well short of the high-water mark set last year as debt financing markets collapsed and stock market volatility decimated valuations, with dealmakers predicting a slow path to recovery in 2023. The total value of M&A had fallen 37% to…
(Reuters) – Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire bankrupt Cineworld Group after initial talks with certain lenders. (Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)
(Reuters) – Russian President Vladimir Putin presided over the launch of a major new Siberian gas field on Wednesday to help drive a planned surge in supply to China. The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic metres, it…
By Jared Higgs and Maria Alejandra Cardona NASSAU (Reuters) – Proceedings are set to resume on Wednesday in Sam Bankman-Fried’s Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Federal prosecutors in Manhattan last week charged…
By Shadia Nasralla LONDON (Reuters) -Oil prices rose on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15%, at $80.92…
