(Reuters) -Russia retaliated in what it has called an “economic war” with the West on Tuesday by offering to buy back its $2 billion Eurobonds maturing next month in roubles rather than dollars. The finance ministry offer on Eurobonds maturing on April 4, Russia’s biggest debt payment this year, follows Western moves to tighten sanctions…
(Reuters) -UnitedHealth Group said on Tuesday it would buy LHC Group for about $5.4 billion in cash, as the largest U.S. health insurer expands its home health services. The deal will combine the provider of healthcare services at home, mainly for older patients dealing with chronic illness and injuries, with UnitedHealth’s Optum unit, which manages…
Nielsen is being acquired for $16 billion, including debt, about a week after the media measurement company rejected a $9 billion offer. Viewing data collected by Nielsen plays a big role in determining where billions in advertising dollars are spent each year. The company itself has annual global revenue of about $3.5 billion. A group…
(Reuters) – Johnson & Johnson said on Tuesday it would suspend the supply of its personal care products in Russia, adding that it would continue to supply medicines and medical devices in the region. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli)
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close to the matter told Reuters, despite coalition pressure to sharply hike borrowing as the growth outlook deteriorates. Mario Draghi’s government is preparing to slash its growth forecast for this…
UnitedHealth Group will spend $5.4 billion to acquire LHC Group and delve deeper into home health, an area of care expected to grow as baby boomers age. The health care giant said Tuesday that it will pay $170 in cash for each share of LHC’s stock in a deal expected to close later this year….
FRANKFURT (Reuters) – Russia’s demand that some buyers pay for its gas in roubles has raised concerns in Germany, which relies on Russian fuel, that the payment dispute could escalate and disrupt supplies. Russia accounted for 55% of Germany’s gas imports in 2021. Although that figure fell to 40% in the first quarter of 2022,…
TOKYO (Reuters) – Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), Japan’s biggest smelter of the metal Sumitomo Metal Mining said on Tuesday. Sumitomo Metal, which supplies cathode materials for the Panasonic lithium-ion batteries used in Tesla EVs, said demand…
HORDYNIA, Ukraine (AP) — Planting season has arrived in Ukraine. Boot marks stamped in the frozen earth have thawed. But the Pavlovych family’s fields remain untouched in a lonely landscape of checkpoints and churches. Over a week ago, the family learned their 25-year-old soldier son, Roman, had been killed near the besieged city of Mariupol….
(Reuters) – The Russian rouble strengthened to a more than one-month high in Moscow trade on Tuesday, firming past 88 to the dollar, while stocks regained some ground in the fourth session since trading resumed after a near month-long suspension. The Russian market is gradually reopening after a suspension caused by sweeping Western sanctions that…
