WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. The increase came amid expectations that with inflation at a four-decade high, the Federal Reserve would raise its benchmark short-term interest rate at its policy meeting this week to…
By Karin Strohecker and Sujata Rao LONDON (Reuters) -Russia said on Thursday it had made debt payments that were due this week but the announcement did not end a wait for what could be Moscow’s first default on external borrowing in more than a century as several creditors said funds had yet to be received….
MILAN (Reuters) – U.S. private equity firm Carlyle Group has asked investors to submit bids for Irca in a deal valuing the Italian food ingredients maker at more than 1 billion euros ($1.1 billion), two sources close to the matter said. Carlyle, which owns 97% of the group based north west of Milan, has sent…
(Reuters) – Alnylam Pharmaceuticals Inc on Thursday filed lawsuits in Delaware federal court against Pfizer Inc and Moderna Inc, claiming their multibillion-dollar mRNA COVID-19 vaccines infringe one its patents. Alnylam said it was seeking damages over the use of lipid nanoparticle (LNP) technology used in the Pfizer/BioNTech and Moderna vaccines to carry and deliver genetic…
Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The retail giant had announced the $8.5 billion deal in May, making it the company’s second-largest acquisition following its $13.7 billion deal with Whole Foods in 2017….
By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) -Italian luxury yacht maker Ferretti Group is expected to kick off on Monday the process to list its shares in Hong Kong, aiming for a valuation of around $1 billion as it sells a 25% stake, two sources close to the matter said. Ferretti, controlled by Chinese…
The Fed raised rates for the first time since 2018. This marked the end of the most aggressive economic rescue in America’s history. The Fed projected seven rate hikes in 2022, a more hawkish stance than markets expected. This led to some selling pressure. However, we saw futures rip back higher during Fed Chair Jerome…
WASHINGTON (Reuters) – The federal judge hearing the Justice Department’s fight to block UnitedHealth Group’s $8 billion deal to buy Change Healthcare said on Thursday that the trial would start on August 1. The Justice Department filed a lawsuit to ask a judge to stop the deal in February, saying it would give the largest…
LONDON (AP) — Tech bosses face criminal prosecution if they fail to comply with proposed British rules aimed at ensuring people are safe online, the U.K. government said Thursday as it unveiled the draft legislation in Parliament. The ambitious but controversial online safety bill would give regulators wide-ranging powers to crack down on digital and…
WASHINGTON (Reuters) -Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled movie maker behind “Rocky” and “James Bond” with the online retailing giant as it looks to draw consumers through more streaming video. In a blog post, Amazon said it would welcome all MGM employees to…
