By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) -Italian luxury yacht maker Ferretti Group launched a Hong Kong initial public offering on Monday that values the company at up to $1.2 billion, a term sheet seen by Reuters showed, going ahead despite volatility in global equity markets. Ferretti, whose customers include British fashion designer Jimmy…
By Ann Saphir (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia’s invasion of Ukraine on the U.S. economy. “Getting the high rates…
BERLIN (AP) — A union has called on security staff at eight German airports, including Frankfurt, to walk off their jobs all day Tuesday in a pay dispute. Monday’s call by the ver.di union sets the stage for another round of disruption after walkouts at several airports last week. Ver.di called private security staff out…
Russia’s central bank cautiously reopened bond trading on the Moscow exchange Monday for the first time since the country invaded Ukraine, with the price of Russia’s ruble-denominated government debt falling and sending borrowing costs higher. Stock trading remained closed, with no word on when it might reopen. The central bank bought bonds to support prices….
By Noah Browning LONDON (Reuters) – Oil prices jumped more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $4.55, or 4.2%, at $112.48…
LONDON (Reuters) -The London Stock Exchange Group said on Monday it will sell its wealth management technology operations BETA+ for $1.1 billion to affiliates of Clearlake Capital Group and Motive Partners to cut the exchange’s leverage. BETA+, which includes Maxit and Digital Investor, provides back-office processing to the wealth management industry, including securities processing and…
COLOMBO, Sri Lanka (AP) — China’s ambassador to Sri Lanka said Monday it is considering a request for $2.5 billion in assistance to help the island nation through a debt and foreign currency crisis. Qi Zhenhong told reporters that Beijing is studying the Sri Lankan government’s appeal for a $1 billion loan and $1.5 billion…
By Dhara Ranasinghe LONDON (Reuters) – The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia’s invasion of Ukraine may have helped clear the way. The conflict has prompted European countries to pledge more investment in defence and developing renewable energy, expenditure many argue will be best…
Warren Buffett, who started the year bemoaning the lack of potential acquisitions for his conglomerate, Berkshire Hathaway, announced Monday that it would acquire the insurance company Alleghany for $11.6 billion. The scarcity of investment targets last year turned into a cash pile of more than $144 billion at Berkshire Hathaway by the end of 2021,…
BRUSSELS (AP) — European Union countries on Monday accused Russia’s military of committing war crimes in Ukraine, but appeared unlikely to target the country’s energy sector with sanctions soon despite a clamor across Europe for those responsible for attacks on civilians to be held to account. With civilian deaths mounting in the besieged Ukrainian port…
