By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy announcements and data that may shed light on whether progress has been made in bringing down inflation. Investors widely expect the Federal Reserve will raise…
By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to the pressure on founder Alex Mashinsky, who is already facing fraud allegations. U.S. Bankruptcy Judge Martin Glenn, who is overseeing the crypto lending…
By Chris Thomas and Aditya Kalra NEW DELHI (Reuters) – Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of a U.S. short-seller’s criticism failed to pacify investors, deepening a market rout that has now led to losses of $65 billion in the group’s stock values. Led by Asia’s richest man…
(Reuters) – An appeals court in the United States on Monday dismissed a bankruptcy petition by Johnson & Johnson’s talc unit. (Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri)
By Gilles Guillaume PARIS (Reuters) – Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. But for the French car group the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said. The deal, months in the making…
By Alex Lawler and Swati Verma LONDON (Reuters) -Oil prices extended losses on Monday as looming increases to interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Investors expect the U.S. Federal Reserve to raise…
By Nikunj Ohri NEW DELHI (Reuters) -State-run Life Insurance Corporation (LIC), India’s largest insurer, is reviewing Adani Group’s response to scathing criticism by a U.S. short-seller and will hold talks with the group’s management within days to seek clarifications. LIC has invested more than $4 billion in the group, which has lost about $66 billion…
By Richa Naidu LONDON (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors including board member and activist shareholder Nelson Peltz. Schumacher, 51, rejoined Unilever in October last year as non-executive director and is currently the chief of Dutch…
BEIJING (Reuters) – China’s factory activity in January is expected to have contracted more slowly than in December, a Reuters poll showed on Monday, with production hampered as workers continued to fall sick after the government dismantled its “zero-COVID” regime.” While the “exit wave” of infections passed through the population and workforce faster than economists…
By John O’Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) -Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards…
